IMF thinks Pakistan would not be able to reach its growth objective. Channel News Pakistan

The International Monetary Fund (IMF) predicts that Pakistan’s economy will rise by 3% in the current fiscal year. On Friday, the IMF issued its World Economic Outlook report, which included mixed economic estimates for the current and forthcoming fiscal years. According to the research, Pakistan’s economic growth is predicted toContinue Reading

UAE extends $2 billion deposit to Pakistan for another year. Channel News Pakistan

KARACHI — According to the State Bank of Pakistan, the UAE has extended the term of its $2 billion deposit with Pakistan by one year. The deposit, which was due to expire today, has been extended to assist Pakistan handle financial constraints and boost its economic position. The extension willContinue Reading

The Kasur judicial complex is inaugurated by LHC CJ Aaliya Neelum. Channel News Pakistan

KASUR: Justice Aaliya Neelum, the chief justice of the Lahore High Court, visited Kasur on Thursday and officially opened the Sessions Court’s Judicial Complex. Chief Justice Aaliya Neelum was greeted by Sessions Judge Tariq Javed upon her arrival at the Kasur Sessions Court. Following a salute by a well-behaved policeContinue Reading

In Kurram, bunker destruction starts as food and fuel shortages. Channel News Pakistan

PESHAWAR—In compliance with the orders of the Apex Committee, the destruction of tribal bunkers in Lower Kurram has begun, marking a significant step towards reestablishing peace in Kurram District, Khyber Pakhtunkhwa. Sources claim that one bunker each in Khar Klay and Balish Khel was destroyed by heavy equipment. A sizableContinue Reading

Microsoft will invest 3 billion dollars to expand AI. Channel News Pakistan

BENGALURU (Reuters) Microsoft CEO Satya Nadella said on Tuesday that the company will invest around $3 billion to enhance capacity for artificial intelligence and its Azure cloud computing services in India. The IT behemoth is the latest to announce an investment in India, which is regarded as a crucial growthContinue Reading