Category: English

Prime Minister Shehbaz Sharif on Thursday called for grant-based climate financing and a significant increase in resilience and adaptation funds, saying vulnerable countries need timely financial assistance that doesn’t add to their debt burden. Speaking at a high-level COP31 session in Antalya, Turkiye, he called for greater international solidarity with countries bearing the brunt of climate change, particularly developing nations. “When climate disasters strike, vulnerable countries need timely assistance and financing that does not deepen their debt. We call for grant-based finance, including public-private partnerships, alongside a significant increase in…

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Pakistan and Iraq on Thursday reaffirmed their longstanding brotherly relations, rooted in shared faith, historical bonds and strong people-to-people contacts, during a meeting between Prime Minister Shehbaz Sharif and Iraqi President Nizar Mohammed Saeed Amidi on the sidelines of the 31st COP31. The two leaders expressed satisfaction over the positive momentum in bilateral relations and underscored the importance of sustained high-level exchanges and institutional engagement. PM Shehbaz congratulated Amidi and the people of Iraq on the successful conduct of parliamentary elections and the formation of the new government. He also…

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Rain and bad light hit the first Test between Pakistan and Sri Lanka after pacer Saqib Khan took seven wickets on debut to lead the home team’s fightback on Thursday. Saqib grabbed an impressive 7-130 on an overcast morning in Rawalpindi to spark a Sri Lankan collapse which saw the tourists slump from their overnight 404-4 to 446 all out. Pakistan, who conceded a slender first innings lead of 12 runs, were 57-1 when bad light and then rain stopped play 45 minutes into the second session. Openers Azan Awais…

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Pakistan is seeking to connect local miners and existing leaseholders with major international mining companies through joint ventures, technology transfers and financial partnerships to develop its largely untapped mineral resources. The development came following a meeting between a delegation from Wood Mackenzie, an international energy consultancy and energy research company, and Federal Minister for Commerce Jam Kamal Khan to discuss investment opportunities, international partnerships and preparations for the Pakistan Minerals Investment Forum. During the meeting, the minister highlighted Pakistan’s vast and largely untapped mineral potential, particularly in copper, antimony, iron…

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Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, who is currently imprisoned at Adiala Jail in Rawalpindi, may be transferred to a hospital for medical treatment within the next few days, according to jail sources and his legal team. Lawyers Sardar Latif Khosa and Barrister Salman Safdar met Imran Khan and his wife, Bushra Bibi, on Wednesday. The meeting lasted around four hours, during which they discussed his health, ongoing legal cases, the proposed 28th Constitutional Amendment and other political and national issues. Speaking to the media after the meeting, Khosa and…

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Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s sisters, Noreen Niazi and Uzma Khan, have been released from Lahore’s Kot Lakhpat Jail on Thursday after nearly two months in detention. According to sources, PTI Chairman Barrister Gohar played a key role in securing their release through special efforts. The two women were arrested on September 21 under Section 3 of the Punjab Maintenance of Public Order (MPO) Ordinance, 1960, ahead of protests announced by the PTI. Another of Imran Khan’s sisters, Aleema Khan, was arrested on September 20. However, there was no…

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Gold prices in Pakistan dropped sharply on Thursday, with the price per tola falling by Rs10,900 to Rs416,536 following a decline in the international market. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of gold decreased by Rs9,345 to Rs357,112. In the international market, gold prices fell by $109 to $3,940 per ounce. Gold prices had also declined on Wednesday, November 11, when the per-tola rate dropped by Rs3,400 to Rs427,436. The price of 10 grams fell by Rs2,915 to Rs366,457. Gold prices…

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Two ​oil supertankers were disabled by massive ‌explosions after they ignored warnings against using an “unauthorised route” in the Strait of ​Hormuz on Wednesday night, Iran’s Revolutionary ​Guards Navy said on Thursday. The two ⁠tankers “exploded after hitting naval mines”, ​Iranian state media said later, showing what ​it said was video footage of the incidents. In the earlier months of the US-Israeli war with ​Iran, which began in February, ​the IRGC Navy had announced it had struck ‌tankers ⁠directly. More recently, it has reported that vessels caught fire after hitting…

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Britain’s King Charles joined Elton John for a special edition of the singer’s Apple Music radio show to celebrate 50 years of The King’s ​Trust and musicians who have supported the youth charity, Buckingham Palace ‌said on Thursday. The episode of “Elton John’s Rocket Hour”, recorded at Apple’s new radio studios in London, will air on Apple Music on Saturday, November 14, Charles’ 78th birthday. While he was ​Prince of Wales, Charles founded the Prince’s Trust in 1976 using ​his Royal Navy severance pay to help disadvantaged young people prepare…

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When AI firm Anthropic starts trading after its expected IPO next week, its share price in the first few weeks will largely be determined by who is forced to buy it rather than who wants to buy it. And investors are examining SpaceX’s successful June stock market debut for clues. Elon Musk’s SpaceX altered the playbook for ​stock-market listing by behemoths, as major US index providers such as Nasdaq rewrote the rules around inclusion, ensuring a massive pool of passive money would buy ‌the shares in the first 15 days…

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