PM Khan welcomes UN’s fundraising appeal for Afghanistan
ISLAMABAD: Prime Minister Imran Khan on Wednesday welcomed the United Nations’ funding pledge of more than $5 billion for Afghanistan to avert collapse of basic services in the war-ravaged country. The prime minister said that the UN initiative was the
Govt plans to raise funds through issuing treasury bills
KARACHI: The government has planned to raise its debt worth of Rs5.87 trillion through issuing treasury bills to banks. Over the next three months, the government has planned to help finance and national debt through issuing T-bills, Treasury bills to
Which national assets have been mortgaged in the past?
The Pakistan government will be mortgaging the country’s major airports and road network and issuing Sukuk bonds. Federal Information Minister Fawad Chaudhry announced after a cabinet meeting has approved a summary to mortgage government assets for large-scale borrowing through issuance
Lebanon tribunal scraps new trial of Hariri assassin due to funds shortage
BEIRUT: Judges at a UN tribunal for Lebanon have scrapped a new trial against the man convicted of the 2005 assassination of Prime Minister Rafik Hariri as they expect the court to run out of money and be forced to
Funds for lawmakers
The Supreme Court has taken notice of the development funds approved by the prime minister for parliamentarians and warned that legal proceedings could be taken if it was against the law. Prime Minister Imran Khan had approved Rs500 million for
Govt releases over Rs319bn for various development projects
KARACHI: The federal government has released Rs. 319.56 billion for various ongoing and new social sector uplift projects till date under its Public Sector Development Programme (PSDP) 2020-21. According to the latest data released by the Ministry of Planning, Development
Contractors threaten protests against District Council Karachi
KARACHI: Contractors have threatened to protest over the non-payment of dues by Administrator District Council Karachi and Deputy Commissioner Malir district. Dozens of contractors were promised by the Administrator District Council Karachi that the dues will be paid and a
UNICEF launches $6.4 billion appeal to help 190 million children
GENEVA: The UN Children’s Fund (UNICEF) launched its largest-ever emergency funding appeal for $6.4 billion to reach more than 190 million children affected by humanitarian crises amidst the coronavirus pandemic. The appeal, which includes essential support and services through the
CM Sindh approves Rs10 billion funds for NICVD
KARACHI: The Sindh government on Thursday approved Rs10 billion funds for National Institute of Cardiovascular Diseases (NICVD). Sindh Chief Minister Syed Murad Ali Shah was chairing a session related to NICVD where the approval was given. During the session, the
Irrigation dept embezzles funds for Kotri Barrage repair, canals cleaning
KARACHI: The Irrigation Department embezzled funds for the repair and maintenance of the doorways of the Kotri Barrage and the cleaning of canals for seven divisions, while no action has been taken by the Sindh government. Despite the presence of
Sindh Health Dept transfers officials over misuse of COVID-19 funds
KARACHI: Sindh Health Department has transferred officers facing corruption allegations and misappropriation of funds for efforts against the coronavirus pandemic. Additional Director, Karachi Health Directorate, Dr Nasrullah Memon has been relieved from his post and has been directed to report
Massive irregularities detected in disbursement of Zakat funds
KARACHI: Massive irregularities and misappropriations have been revealed in the deduction and subsequent disbursement of Zakat funds. The funds are being used for political purposes rather than the welfare of the needy and deserving. Well-placed sources informed that Rs8 million
EU spearheads $8 billion virus fundraiser
BRUSSELS: World leaders, philanthropists and celebrities pledged some 7.4 billion euros ($8.1 billion) on Monday for research into coronavirus vaccines, treatments and testing during an EU-led videoconference snubbed by the United States. European Commission chief Ursula von der Leyen, who
Virat Kohli, Sania Mirza take part in online concert to raise funds
MUMBAI: India cricket team captain Virat Kohli, cricketer Rohit Sharma and tennis star Sania Mirza were among sports personalities who took part in an online concert to raise funds to fight the COVID-19 pandemic. As part of the initiative by
Trump wants Harvard University to pay back virus aid funds
BOSTON: US President Donald Trump has insisted Harvard, the world’s wealthiest university, return millions it received under a massive government stimulus package meant to protect the economy from the coronavirus pandemic. “Harvard, you pay that money back. I want Harvard
WWII veteran raises £13 mn for UK health workers
LONDON: A 99-year-old British World War II veteran has completed 100 laps of his garden in a fundraising challenge for healthcare staff, raising more than £13 million. “Incredible and now words fail me,” said Tom Moore, a captain who served
Trump threatens withholding WHO funds, citing bias towards China
WASHINGTON: President Donald Trump has threatened to cut US funding to the World Health Organisation, accusing it of bias toward China during the coronavirus pandemic. Trump told reporters he was going to put a very powerful hold on funding to
Singer Pink recovers from COVID-19, donates $1mn to emergency funds
Singer-songwriter Pink has revealed that she tested positive for Covid-19 two weeks ago but has since recovered, also announcing that she is donating a million dollars to two emergency funds. In a pair of tweets, she said she and her
Funds for Karachi
Prime Minister Imran Khan has released discretionary funds worth Rs3.4 billion for PTI MNAs in Karachi, making a shift in party policy and also receiving criticism for appeasing only their own parliamentarians. These funds will be used to complete the
Govt releases Rs297.64 bn for development projects
ISLAMABAD: The federal government has released Rs297.643 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20 from the total allocated budget of Rs701 billion. Under its development programme, the government has
Federal government releases Rs8bn for Karachi: reports
ISLAMABAD: The Federal Government of Pakistan Tehreek-e-Insaf (PTI) has released funds of Rs8 billion for the completion of ongoing development projects in Karachi. Earlier this month a notification was released from Prime Minister house in which it was stated that