Tehreem Shahh

  Pakistan has been struggling with its economy for quite some time now, and the recent offer by the government to sell shares in State Owned Entities (SOEs) to two top UAE firms is a promising step in the right direction. Access to shares in National Bank of Pakistan (NBP), Pakistan International Airlines (PIA), Pakistan National Shipping Corporation (PNSC), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company Limited (OGDCL) has been offered to two UAE companies in an effort to bolster investment in the country. The UAE firms run a combined $300 billion investment fund portfolio and have expressed interest in investing in profitable public entities in Pakistan. This move by the government shows their willingness to attract foreign investment and help revive the struggling economy. The investment proposal was discussed during Prime Minister Shehbaz Sharif’s recent visit to the UAE where he apprised the top leadership of possible big-money undertakings in Pakistani...

  he death toll in the Peshawar mosque blast has climbed to 100 after dozens of dead bodies were taken out from the wreckage by the rescue teams during the operation that continued for hours. With the latest updates, the number of causalities soared to 100, and over 150 people were injured, including 27 KP police personnel, as a suicide explosion rocked a mosque in Peshawar Police lines on Monday. Khyber Pakhtunkhwa set one day of official mourning for the heinous attack that stunned the nation. On Monday, a suicide bomber blew himself up when worshippers gathered in the mosque for afternoon prayers. A part of the mosque was also caved in due to the intensity of the blast. Rescue teams and security forces were dispatched to the area which is said to be near Police Secretariat in the northern city. Videos and pictures shared by social media users show horrific scenes as injured drenched in blood were shifted to Lady Reading Hospital Peshawar for first aid. Rescue worker...

  With an increasing number of wedding and event planners recommending Dubai to couples as the ideal location to celebrate their weddings, the city is quickly becoming the top choice for destination weddings. This is consistent with initiatives geared at enhancing the emirate’s reputation as an ideal location for living, working, and visiting, as well as a popular wedding destination on a global scale. The city is the best location for planning special social gatherings thanks to its first-rate infrastructure, scenic resorts, opulent hospitality options, services, stellar safety record, and variety of tourist attractions. Dubai weddings are popular worldwide. Dubai is becoming a more popular destination for people to celebrate personal occasions and milestones in addition to weddings. Dubai offers a unique experience for wedding couples and guests because to the availability of highly qualified wedding and event planners, its distinctive settings, eclectic culinary sce...

  Bilateral Relations The bilateral relations between the United Arab Emirates and Pakistan are acquiring new dimensions at all political, economic and social levels emerging into trust-worthy strategic partnership. Right from the beginning, the UAE has been famous among all comity of the world due to its generous humanitarian assistance, stability, tolerance, innovation, vision for better health and education. UAE is one of the largest investors in the country but bilateral trade has been steadily growing over the years and people-to-people contacts are constantly on the increase. Infinite Bonds the founder of UAE Sheikh Zayed bin Sultan Al Nahyan was keen to give an impetus to the bilateral relations between the two countries from the very beginning. It was further strengthened and patronized by H.H. Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE and H.H. Sheikh Mohammed bin Rashid al Maktoum, Vice-President, Prime Minister and Ruler of Dubai. Both c...

  Pakistan on Saturday strongly condemned the act of desecration of the Holy Quran by Danish politician Rasmus Paludan, the same Islamophobe who committed a similar act in Sweden a few days ago. Pakistan termed the abhorrent act done in Denmark “senseless and deeply offensive”. In the statement, the Foreign Office (FO) said the “repetition of the vile act leaves little doubt in the minds of Muslims around the world that freedom of expression is being blatantly abused to spread religious hatred and incitement to violence”. The spokesperson called into question the legal framework behind which Islamophobes hide and spread hatred with impunity. MoFA spokesperson reiterated that freedom of expression comes with responsibilities, saying it is the responsibility of the international community to stop these racist and Islampohobic acts. Several thousand people protested across Pakistan after Friday prayers to voice outrage over right-wing protests targeting the Holy Quran in S...

  The IMF will send a team to Pakistan next week to discuss reviving a desperately needed bailout programme, with a foreign exchange crisis bringing imports almost to a standstill. The South Asian nation is in dire economic straits servicing endless external debts, battling rising inflation and with only enough dollars for around three weeks of imports. The IMF said in a statement late Thursday that a review team will arrive in the capital Islamabad on Tuesday in a bid to break the deadlock over releasing more financial aid. It comes days after Islamabad bowed to pressure to remove an exchange cap to help control a rampant black market. Its removal saw the rupee plummet to a historic low against the US dollar on Thursday. Mohammad Sohail, financial analyst and CEO of Top-line Securities, said the government had cleared a big hurdle in securing the next IMF installment. “Leaving the Forex market to market forces was one of the biggest conditions of the IMF, which the...

  A truck-sized asteroid will pass near Earth on Thursday in one of the closest approaches to our planet ever recorded, NASA said, emphasising that it poses no danger. Asteroid 2023 BU, which was recently discovered by an amateur astronomer, will zoom by the southern tip of South America at around 4:27 pm PST on Thursday (0027 GMT Friday), according to NASA. It will pass just 2,200 miles (3,600 kilometres) from Earth’s surface, much closer than many geostationary satellites orbiting the planet. But there is no risk that the asteroid will hit Earth, NASA said in a statement on Wednesday. Even if it did, the asteroid measuring 3.5-8.5 metres (11-28 feet) across would largely disintegrate in the Earth’s atmosphere, potentially just resulting in a few small meteorites. It was discovered on Saturday from an observatory in Crimea by amateur astronomer Gennadiy Borisov, who previously spotted an interstellar comet in 2019. Dozens of observations were then...