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Showing posts from February 1, 2020

Pakistan’s debt surges by 40pc in 15 months

Khaleeq Kiani Updated  February 01, 2020 In a statement laid before parliament, finance ministry admits to debt limit violations. — Reuters/File ISLAMABAD: With around 40 per cent increase in Pakistan’s public debt and liabilities in 15 months, the government on Friday conceded major violations of the Fiscal Responsibility and Debt Limitation Act (FRDLA) for massively exceeding debt acquisition limits. In its debt policy statement laid before the parliament, the ministry of finance noted that total debt and liabilities that stood at Rs29.879 trillion at the end of the fiscal year 2018 crossed Rs41.489tr at the end of Septem­ber 2019, showing an increase of Rs11.6tr or 39pc. At the end of the fiscal year 2019, the total debt and liabilities were reported to have increased by about 35pc or Rs10.344tr to touch Rs40.223tr. Ramsha Jahangir The report said the FRDLA required that the federal government take measures to reduce federal fiscal deficit and maintain total public debt within prude

Coronavirus fears freeze Belt and Road projects in Pakistan Opposition politicians slam government for not evacuating citizens from Wuhan ADNAN AAMIR, Contributing writer FEBRUARY 01, 2020 18:31 JST People walk by a banner aimed at raising awareness of the coronavirus in Islamabad. Pakistan, as of Saturday, does not have a confirmed case of the infection.    © AP KARACHI -- Fears of the new coronavirus spreading to Pakistan have delayed a few projects in the China-Pakistan Economic Corridor, a key component of China's Belt and Road Initiative, in Lahore and South Punjab. Although Pakistan has not had any confirmed case of the deadly virus yet, the death toll has reached more than 200 in China, according to health authorities in Beijing. There are confirmed cases in more than a dozen countries, including India and Nepal in South Asia. Economic corridor projects were halted on Thursday in South Punjab, reported The Nation, a Pakistani daily. Seventy-one Chinese engineers, along with local security personnel, are undergoing scr

BRAS announces launch of ‘Operation Aas-Rech’

Feb 01, 2020 Current Balochistan Two activists of Lashkar-e-Taiba were killed in Zamuran attack: Baloch Khan Baloch Raji Ajoi Sangar (BRAS), a coalition of Baloch armed groups, Baloch Liberation Army (BLA), Balochistan Liberation Front (BLF), Baloch Republican Army (BRA) and Baloch Republican Guard (BRG) has claimed the responsibility of the attack in Zamuran area of Turbat on Thursday. The spokesperson of the organization, Baloch Khan said in the statement “BRAS fighters attacked the activists of Lashkar-e-Taiba, a religious extremist organization under the patronage of Pakistan army in Zamuran. The attack resulted in killing 2 and injuring several other members of the organization. Their weapons and motorcycles were confiscated as well. Baloch Khan added that the Baloch fighters attacked the Lashkar-e-Taiba terrorists at Kulbar Shahab Dikk Jah area when they were on their way to Tump. Two of the terrorists killed in the attacked were identified as Nawaz s/o Saeed and Asghar s/o Majee