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FAISALABAD: Pakistan needs urgent structural reforms to reduce its reliance on fossil fuels, enhance export competitiveness, and accelerate the pace of industrial growth in order to effectively respond to the challenges posed by climate change. These views were expressed by experts from various sectors while speaking at a seminar titled “Driving a Just Industrial Transition: Role of Multilateral Development Banks (MDBs) and Solar Rush in Pakistan’s Textile Sector.” The seminar was organized by Alternate Development Services (ADS), an organization working to promote clean energy in Pakistan. Hosted by ADS CEO Amjad Nazeer, the event brought together more than 50 policymakers,…

FAISALABAD: Pakistan needs urgent structural reforms to reduce its reliance on fossil fuels, enhance export competitiveness, and accelerate the pace of industrial growth in order to effectively respond to the challenges posed by climate change. These views were expressed by experts from various sectors while speaking at a seminar titled “Driving a Just Industrial Transition: Role of Multilateral Development Banks (MDBs) and Solar Rush in Pakistan’s Textile Sector.” The seminar was organized by Alternate Development Services (ADS), an organization working to promote clean energy in Pakistan. Hosted by ADS CEO Amjad Nazeer, the event brought together more than 50 policymakers,…

LAHORE: A delegation of the Jewellers Market, led by Abid Mian, visited the Lahore Chamber of Commerce and Industry (LCCI) and met with LCCI President Faheem Ur Rehman Saigol. Senior Vice President of LCCI Tanveer Ahmed Sheikh was also present. Other members of the delegation included Usman Rasheed Bhatti, Ahmed Siddiq, Zafar Saeed, Usman Butt and Azam Khan. During the meeting, the delegation expressed serious concerns over a major gold fraud case that recently took place in Lahore’s jewellers market. They said that nearly fifteen days have passed since the incident, but the affected traders have not been informed about…

North Korea’s move to publicly reveal the full hull and displacement of its first nuclear-powered submarine under construction appears to be a strategic counter to bids by the US and South Korea to expand their undersea capabilities.North Korea’s state media on Thursday released images of leader Kim Jong-un inspecting a “nuclear-powered strategic guided missile submarine” being built at an undisclosed location. Kim was accompanied by his wife Ri Sol-ju and daughter Kim Ju-ae, believed to be groomed as a possible successor.The report also revealed for the first time that the vessel’s displacement was 8,700 tonnes (9,600 tons), putting it in…

TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and 28. (Photo by Tomohiro Ohsumi/Getty Images)Tomohiro Ohsumi | Getty Images News | Getty ImagesAsia-Pacific markets opened higher Friday, with several exchanges in the region closed for the Boxing Day holiday. Japan’s benchmark Nikkei 225 index rose 0.47%, led by gains in real estate and tech…

US President Donald Trump’s new battleship plan, apparently aimed at deterring China, faces huge implementation hurdles and could cause Beijing to double down on its anti-ship weapons, according to analysts.Trump unveiled a new class of navy battleships on Monday. These “Trump-class” ships will be larger, faster and “100 times more powerful” than any previously built, according to the American leader, forming the centrepiece of what he called an expanded “Golden Fleet” aimed at cementing US naval dominance.In an announcement from his Mar-a-Lago estate, Trump declared that the new class of vessels would “inspire fear in America’s enemies all over the…

As 2025 prepares to close its financial books, speculation about the year ahead is already echoing loudly across global markets. Robert Kiyosaki, the well-known financial author of the bestselling book Rich Dad Poor Dad, has issued a striking forecast for silver, suggesting its price could surge to $200 an ounce in 2026.   Kiyosaki strongly warned against holding cash, arguing that it could lose a significant portion of its value amid rising inflationary pressures and growing global economic risks.   His comments followed silver’s recent record-breaking rally, as the white metal continues to register historic levels after surpassing the $70-per-ounce…

DUBAI: Syria will start swapping old banknotes for new ones from January 1, 2026, Central Bank Governor Abdelkader Husrieh said on Thursday, under a plan to replace Assad-era notes to try to strengthen the currency’s value. Syria’s new government, led by Syrian President Ahmed al-Sharaa, is seeking to rebuild state institutions and revive the economy after more than a decade of war, sanctions and financial isolation that left the local currency severely weakened. “The central bank has been given authority to decide the deadline for the swap and its locations,” Husrieh said, adding the bank would issue instructions. Sources familiar…

Pakistan government and the Asian Development Bank (ADB) signed on Thursday two loan agreements totaling $730 million aimed to “transform the country’s state-owned enterprises (SOEs), and enable the power transmission network to uptake affordable and clean energy”, the ADB said in a statement. Pakistan’s Ministry of Economic Affairs said they signed two major initiatives with the ADB: i) the Second Power Transmission Strengthening Project amounting to $330 million, and ii) the Accelerating State-Owned Enterprise (SOE) Transformation Programme amounting to $400 million. “The signed agreements show ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the bank said…

LONDON (AP) — Talk show host Jimmy Kimmel took aim at U.S. President Donald Trump as he warned Thursday about the rise of fascism in an address to U.K. viewers dubbed “The Alternative Christmas Message.”The message, aired on Channel 4 on Christmas day, reflected on the impact from the second term in office for Trump, who Kimmel said acts like he’s a king. “From a fascism perspective, this has been a really great year,” he said. “Tyranny is booming over here.”The channel began a tradition of airing an alternative Christmas message in 1993, as a counterpart to the British monarch’s…