Japan approves sanctions against Iran
Japan approved fresh economic sanctions against Iran on Friday after the United Nations asked Tokyo to tighten restrictions against Tehran over its controversial nuclear enrichment program, an official said. The measures approved by the Cabinet of Prime Minister Naoto Kan include an asset freeze on 88 entities, 15 banks and…
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Out of order ATM machines irk residents
The out of order ATM machines in different banks of Lahore are creating problems for the residents and they have demanded of State bank of Pakistan to remove the glitch in ATM machines. On advent of Eid and 1 Sep, residents had to draw money from ATM but they faced…
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World Bank, IMF step up aid to Pakistan
The World Bank on Thursday raised flood aid to Pakistan to one billion dollars while the IMF approved 450 million dollars in emergency financing to help the nation cope with its worst-ever humanitarian disaster. The World Bank would “raise its flood-related support in the current fiscal year to one billion…
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World Bank boosts flood support to $1b
The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Thursday. “The World Bank is committed to helping the people of Pakistan during this time of need and has made $1…
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World Bank boosts flood support to $1b
The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Thursday. “The World Bank is committed to helping the people of Pakistan during this time of need and has made $1…
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World Bank boosts flood support to $1b
The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Thursday. “The World Bank is committed to helping the people of Pakistan during this time of need and has made $1…
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WB raises Pakistan flood support to $ one billion; urges world help
World Bank President Robert B. Zoellick told Pakistan Finance Minister Hafeez Shaikh here Wednesday that the Bank would raise its flood-related support in the current fiscal year to US $1 billion from US$900 million.Zoellick emphasized the Bank Group’s commitment to help Pakistan recover from the worst floods in its history.“As…
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PNA condemns killing of Israelis in West Bank
The prime minister of the Palestinian National Authority condemned Tuesday’s killing of Israelis in the West Bank, the Wafa news agency reported.
Four Israelis were killed in the West Bank on the eve of the start of direct peace talks between Israel and the Palestinians. The armed wing of Islamist…
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Muslim Aid urges IMF, WB to wave off Pak debt
ISLAMABAD (Online) – Muslim Aid Country Director Khobaib A Vahedy has urged the IMF and the World Bank to ease or waive off the debts of Pakistan amid the worst devastation caused by the unprecedented floods in the living memory.
He was speaking in the emergency meeting of relief organisations…
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Judicial body to probe breaches in embankments
LAHORE – Punjab Chief Minister Shahbaz Sharif has directed to set up a judicial commission for the inquiry into the incidents of breaking and breaches in the dykes and water spurs in the province, said a handout issued here on Saturday.
According to the instructions of the CM, Punjab…
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Deluge bears down on Thatta
THATTA (Reuters/AFP) – Thousands of people fled on Friday from Thatta after the swollen Indus River burst its banks and authorities ordered an evacuation.
Fresh flooding has sent a million people fleeing from their homes in the south in the past 48 hours, the United Nations said.
Floodwaters are beginning…
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Pak flood sets back years of gains on infrastructure: NYT
SUKKUR-Men waded waist deep all week wedging stones with their bare hands into an embankment to hold back Pakistan’s surging floodwaters. It was a rudimentary and ultimately vain effort to save their town. On Thursday, the waters breached the levee, a demoralizing show of how fragile Pakistan’s infrastructure remains, and…
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Flood tide devastates Sibi
QUETTA – Floodwater coming from Nari bank has played havoc in Tambu tehsil of Naseerabad on Thursday destroying dozens of mud houses, agriculture fields and farms while five people including three children died of gastroenteritis in Dera Murad Jamali. Meanwhile, flash flood in Talli River on Thursday submerged Sultanpur and…
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Tide rumbles towards Sajawal; early evacuation directed
The flood high tide is fast raging towards Sajawal, as Hyderabad GOC directed the people living near the city and its suburbs to evacuate at the earliest, report said on Thursday. Also, Kirthar Canal breach has inundated at least 150 villages, as breach at SM protective embankment is persistently broadening.…
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International aid seen helping Islamabad avoid bankruptcy following disaster: WSJ
The flooding in Pakistan will inflict serious damage on its economy, posing another challenge for a cash-strapped government struggling to keep a recovery on track amid high inflation and a relentless insurgency. Assistance from the International Monetary Fund and Western countries will likely help Pakistan avoid another brush with bankruptcy…
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Categories: The News Tags: Bank, economy, Flood, Insurgency
Water level at Kotri Barrage crosses 900,000 cusecs
Indus is flowing in exceptionally high flood level at Kotri Barrage with water flow of over 900,000 cusecs. The river is eroding katcha embankment of Surjani Bund in Thatta district. The floodwater has developed breach at RBOD drain in Hyderabad. Several villages have been inundated in Latifabad and Wahdat Colony…
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Larkana facing threat
LARKANA – Emergency was declared at Akil Agani Loop Bund (embankment) on River Indus, as Army and Rangers personnel were called in to repair the dyke after 150 feet breach, seven kilometres from Larkana city on Monday morning. According to the details, an alarming situation was developed when a villager,…
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