Author: i2wtc

Unemployment rate reaches 21-year high of 7.1%, while World Bank calculates poverty rate at 44.7%Siblings walk along a railway tracks at a slum area in Karachi, Pakistan July 9, 2020 Photo: Reuters ISLAMABAD: The central bank governor said on Wednesday that the current economic growth model cannot sustain a country of 250 million people and the economic stabilisation policies cannot continue indefinitely, urging businesspersons and policymakers for a shift in their approach. Governor Jameel Ahmad spoke about Pakistan’s economic model and its implications a day after Planning Minister Ahsan Iqbal blamed the International Monetary Fund (IMF) for the nation’s highest…

Pakistani-American Zahir Jaffer (C), convicted of rape and murder charges, arrives in a court in Islamabad. Photo: AFP The Supreme Court has dismissed the appeal of Zahir Jaffer, convicted in the Noor Mukadam murder case, upholding his death sentence. While the SC maintained the death penalty for the murder charges, it commuted the death sentence in the rape case to life imprisonment. The court also reduced the 10-year sentence for the abduction case to one year. The court upheld the order for compensation to Noor Mukadam’s family. Additionally, Jaffer’s gardener, Muhammad Jan, and his guard, Muhammad Iftikhar, were ordered to be…

Former prime minister praises public for rejecting politics of lies, hatred during recent by-elections Former prime minister Nawaz Sharif. Photo: Screen grab Pakistan Muslim League-Nawaz President Nawaz Sharif has accused those who brought Imran Khan to power of being as guilty as Khan himself and of being bigger criminals, calling for them to be held accountable. In an address to newly elected members of the assembly, Nawaz remarked that during Khan’s tenure, the country faced only destruction. “A culture of bad manners was promoted, and the country came close to bankruptcy,” he said, adding that during the tenure of Khan’s…

PM Shehbaz receives Bahrain’s highest state honour, the Order of Bahrain (First Class), during meeting with King HamadPrime Minister Shehbaz Sharif receives a guard of honour at Al-Qudaibiya Palace in Manama on November 26, 2025. Photo: APP Prime Minister Shehbaz Sharif and Bahrain’s Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa have agreed to raise Pakistan–Bahrain bilateral trade to US$1 billion within three years, setting one of the strongest economic goals between the two countries in recent years. The commitment was made during a meeting at Qasr Al-Qudaibiya in Manama, where both leaders placed economic cooperation at…

A Netflix logo is on display at the Lucca Comics & Games 2025 event, one of Europe’s largest pop culture conventions, as stars and creators of “Stranger Things” series launch Season 5, in Lucca, Italy, October 31, 2025. Claudia Greco | ReutersUsers on social media posted that they were experiencing issues with Netflix’s service on Wednesday, the night of the widely anticipated “Stranger Things” fifth-season premiere. DownDetector.com on Wednesday said “User reports indicate problems at Netflix.” “Netflix fix your app bro,” one X user posted. Users began reporting issues with Netflix around 7:40 p.m. Eastern, according to DownDetector.com. Netflix had…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 26, 2025. Brendan McDermid | Reuters Thanksgiving in the U.S. takes place on Thursday stateside, but the feasting might have begun a day early for investors. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all recorded a fourth straight day of gains. Shares of Oracle, which have been hobbling along in November after wiping out its one-day spike in September, advanced roughly 4% after Deutsche Bank said that its recent price pullback “presents an attractive entry point for investors when…

A drone photo taken on June 7, 2024 shows an exterior view of Volkswagen (Anhui) Automotive Company Limited in Hefei, east China’s Anhui Province. (Xinhua/Guo Chen)HEFEI, Nov. 26 (Xinhua) — With the inauguration of new test workshops on Tuesday, Volkswagen Group China Technology Company (VCTC) has completed the core expansion of its R&D center in Hefei, capital of east China’s Anhui Province, establishing it as Volkswagen’s first and largest integrated R&D base outside Germany with full-process vehicle development and validation capabilities.Volkswagen Group China said that this milestone means that Volkswagen has now established a complete end-to-end R&D system in China,…

Funding to support modern piped water supply system which will help reduce water wastage, support employment Additional financing of $48 million has been approved by the Asian Development Bank (ADB) for Pakistan. The bank launched the Balochistan Water Resources Development Project earlier this month, blending new infrastructure with technology to support climate-smart, data-driven water governance. The additional funds will be spent on the water project in Balochistan, a statement issued by the ADB said. The project, which also includes co-financing from the Japan Fund for Poverty Reduction and the High-Level Technology Fund, aims to introduce a modern piped water supply…

Chinese staff work at the construction site of the China-Thailand Railway in Ayutthaya, Thailand, May 1, 2024. (Xinhua/Wang Teng)Thai Prime Minister Anutin Charnvirakul said China’s support for Thailand’s high-speed rail development demonstrates the depth of cooperation in connectivity and will help both sides enhance industrial value chains and regional economic integration.BANGKOK, Nov. 26 (Xinhua) — The long-standing friendship and mutual support and goodwill between Thailand and China will extend far beyond the 50 years of diplomatic relations, said Thai Prime Minister Anutin Charnvirakul in a recent interview with Xinhua.King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua of the Kingdom of Thailand’s recent state…

The Punjab Department of Archaeology has announced that the newly developed Sialkot Museum will be inaugurated on December 25. The decision was finalised after consultations led by the Secretary Tourism, Archaeology and Museums, Punjab, Dr. Ehsan Bhutta, who said the project aligns fully with Chief Minister Maryam Nawaz’s “Magnificent Punjab” vision and Senior Minister Marriyum Aurangzeb’s province-wide commitment to preserving archaeological assets. A high-level meeting held in Lahore brought together key stakeholders, including Deputy Commissioner Sialkot Saba Asghar Ali, Sialkot Chamber of Commerce and Industry President Syed Ehtisham Mazhar, representatives of the Punjab Small Industries Corporation, and officers of the…