ECC approves agri risk scheme

[ad_1] Listen to article ISLAMABAD: The Economic Coordination Committee (ECC) has raised concerns over the exclusion of small farmers from Punjab and Sindh under a proposed Risk Coverage Scheme for underserved areas. In a recent meeting, the ECC directed the State Bank of Pakistan (SBP) to review the eligibility criteria restricting participation from these two provinces and … Read more

GLOF risk in northern Pakistan: PMD

[ad_1] ISLAMABAD: The Pakistan Meteorological Department (PMD) has issued a Glacial Lake Outburst Flood (GLOF) alert for northern Pakistan, warning of a heightened risk of flooding in glaciated regions of Gilgit-Baltistan and Khyber-Pakhtunkhwa due to rising temperatures and an approaching weather system. According to the PMD’s Research and Development Division, persistent high temperatures are accelerating … Read more

Pakistan tops rankings for risk improvement

[ad_1] Listen to article KARACHI: In a major economic milestone, Pakistan has emerged as the top-performing market in the Global Emerging Market (EM) Rankings for reducing sovereign credit risk, according to a new Bloomberg Intelligence report. Over the past 12 months, Pakistan recorded the largest drop in sovereign default risk worldwide, measured through Credit Default Swaps (CDS), … Read more

Pakistan records largest drop in default risk among emerging markets

[ad_1] Listen to article Pakistan has achieved the world’s steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence’s Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister’s adviser on Saturday. Bloomberg, the international financial information and media firm, has described Pakistan as the most improved … Read more

Billboards pose risk as storm season nears

[ad_1] KARACHI: A constitutional bench of the Sindh High Court (SHC) has issued notices to the Government of Sindh, the Director General of SBCA (Sindh Building Control Authority), and others on a petition filed against the installation of billboards. The petition, filed by Altaf Shakoor was presented by the petitioner’s counsel, Khurram Lakhani Advocate. He … Read more

US airlines at risk as global carriers bypass Middle East

[ad_1] DOHA: US strikes on Iran’s nuclear sites could heighten the threat to American operators in the region, an organisation that monitors flight risks warned on Sunday, as some airlines cancelled flights to and from Dubai and Doha. Airlines continued to avoid large parts of the Middle East due to missile exchanges between Israel and … Read more

No radioactive risk detected in Gulf after US strikes on Iran, say watchdogs

[ad_1] Saudi Arabia and Kuwait said on Sunday that no radioactive contamination has been detected across the Gulf region following US military strikes on Iranian nuclear facilities. In a statement posted on social media platform X, Saudi Arabia’s Nuclear and Radiological Regulatory Commission confirmed that environmental monitoring showed “no radioactive effects” in the Kingdom or … Read more

Israeli strikes on Iran risk ‘nuclear catastrophe’: Russia

[ad_1] Listen to article Russia is telling the United States not to strike Iran because it would radically destabilise the Middle East, Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday, and Moscow said Israeli strikes risked triggering a nuclear catastrophe. Russia signed a strategic partnership with Iran in January and also has a relationship with Israel, … Read more