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New challenge to USD: SBP allows Bank of China to settle transactions in yuan

KARACHI -UNS : The State Bank of Pakistan granted Bank of China permission to establish yuan settlement and clearing mechanism in a major step to encourage trade with Chinese currency and eventually in the respective local currencies. This move could further bolster the size of …

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Yemen rebel missiles, drones shot down over Saudi Arabia

RIYADH (AFP) – Saudi Arabia said its air defences on Wednesday intercepted ballistic missiles fired from rebel-held Yemen at Riyadh and the south of the kingdom where two drones were also shot down. Yemen s Shiite Huthi rebels said their cross-border barrage marked the launch …

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Over 66 Pakistanis executed in Saudi Arabia since 2013

BY IFTIKHAR MASHWANI ISLAMABAD:  Over 66 Pakistanis had been executed in Saudi Arabia since 2013.There were 1,357 and 1,580 Pakistani prisoners in Riyadh and Jeddah regions respectively. Replying to various questions Minister for Foreign Affairs Khawaja Muhammad Asif on Wednesday  said the main charges against them were …

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Pakistan, Kuwait Fund ink $15mn supplementary loan agreement

ISLAMABAD: Pakistan and the Kuwait Fund have signed Supplementary Loan Agreement of Kuwaiti Dinar 4.5 million (equivalent to US$ 15 million) for financing Golen Gol Hydropower Project. The State of Kuwait has already been co-financing this Project with an amount of K.D 11.00 million (equivalent …

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Will put agonies of masses of FATA before Army Chief: Imran

PESHAWAR – Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Wednesday vowed to put agonies of masses of Federally Administrated Tribal Areas (FATA) before Army Chief Qamar Javed Bajwa. He was FATA workers convention in Peshawar. Khan also stated that he would request army chief to …

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No contact with PTI : Ch Nisar

ISLAMABAD -UNS – Disgruntled leader of Pakistan Muslim League Nawaz (PMLN) and former federal interior minister Chaudhry Nisar on Wednesday categorically dismissed rumors pertaining to contacts with Pakistan Tehreek-e-Insaf (PTI). “Neither PTI nor Imran Khan had made any contact with me. I have been in …

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Trump admin mulls restrictions on Pakistan’s diplomatic staff

WASHINGTON-UNS – Trump administration is reportedly mulling to impose sanctions on movement of Pakistani diplomats from May-1. According to sources to the Trump-administration had take on  the decision after Pakistan lodged strong protest with USA over killing of a Pakistani student by American military attaché …

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Asia Cup 2018 moved from India to UAE on Pakistan’s request

The Asian Cricket Council (ACC) on Tuesday accepted Pakistan’s reservations against playing in India and decided to move the Asia Cup 2018 to United Arab Emirates. The decision was taken in the annual session of the ACC chaired by its president and Pakistan Cricket Board …

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Protest for water in India during IPL match

NEW DEHLI- UNS: Huge populated India facing acute water shortage. Protesters burned merchandise and jostled with police outside a cricket stadium in Chennai on Tuesday, demanding Indian Premier League matches be cancelled as the southern city reels from a water crisis. Hundreds of demonstrators, some …

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Chairman Crowley recognized for supporting Community Health Centers

NEW YORK -UNS – House Democratic Caucus Chairman Joe Crowley (D-Queens, the Bronx) was honored by staff and patients at Urban Health Plan for his years of leadership and advocacy on behalf of community health centers in New York and across America. Urban Health Plan …

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