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China Helps Pakistan Again By Lending $1 Billion On‘Good, Competitive Rates’

New Delhi:  Pakistan's all-weather friend China has yet again helped the country avoid a foreign currency crisis by lending it $1 billion on "good, competitive rates". In an interview with The Financial Times, the State Bank of Pakistan governor Tariq Bajwa confirmed that the loans were made by Beijing-backed banks in April on good rates.

"The money strengthens the financial, political and military ties between the two countries," the top Pakistani banker was quoted as saying by the newspaper. "Chinese commercial banks are awash with liquidity," Bajwa said.

Pakistan's foreign exchange reserves have dropped from $18.1 billion in April last year to $10.8 billion in May this year. According to the report, Pakistani officials also hope that borrowing from Chinese banks will save the nation from seeking help from the International Monetary Fund (IMF).

258

Trump Says That His Meeting With Kim Jong-un May Not Happen

New Delhi: United States President Donald Trump said on Tuesday that there is a ‘substantial chance’ his summit with Kim Jong-un will not take place as planned on June 12 amid concerns that the North Korean leader is not committed to denuclearisation.

Trump raised doubts about the Singapore summit in talks with South Korean President Moon Jae-in, who came to Washington to urge Trump not to let a rare opportunity with reclusive North Korea get away.

If the summit is called off or fails, it would be a major blow to what Trump supporters hope will be the biggest diplomatic achievement of his presidency, and a huge disappointment for Trump.

243

Pakistan's PM Shahid Khaqan Abbasi Describes Extremism As A Global Issue

New Delhi:In a scathing attack on Pakistan, US President Donald Trump had accused it of ‘lies and deceit’ and of fooling US leaders while providing shelter to terrorists, but Islamabad had repeatedly denied that there are any terrorist safe havens inside its territory.Pakistan's Prime Minister ShahidKhaqanAbbasi has rather described extremism as a global issue, not limited to a particular country or region as he visited the family of a Pakistani girl, killed in the latest shooting incident in a US school.

Abbasi, along with Sindh Governor Muhammad Zubair yesterday visited the family of Sabika Sheikh -- the 17-year-old Pakistani national who was killed in shooting in the Santa Fe High School in Texas, met her family members and condoled her death. Sheikh, an exchange student from Pakistan, was among the eight students and two teachers who were killed when a 17-year-old student opened fire in the school on May 18. She was to return to Pakistan next month to celebrate Eid festival with her family in Karachi's Gulshan-e-Iqbal area.

218

Newly-Wed Meghan Markle Promises To Give More Time To Indian Charity

New Delhi: Newly-wed Meghan Markle, the Duchess of Sussex, has promised to give more time to Indian charity, handpicked for donations in lieu of gifts for her royal wedding to Prince Harry, the Duke of Sussex.

As the 36-year-old former actress mingled with the 600 guests invited to St. George’s Chapel in Windsor Castle on Saturday, she told Mumbai-based Myna Mahila Foundation founder that she is looking forward to giving more time to the women’s empowerment charity.

“It was the highlight of the day, to meet the bride. She was as down to earth and as approachable as ever. She said that now she would be able to give more time to Myna and other humanitarian work,” said SuhaniJalota, who founded the charity nearly three years ago.

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Over 100 People Killed As A Boeing 737 Passenger Plane Crashes In Cuba

New Delhi: Cuban president Miguel Diaz-Canel said that more than 100 people were killed in a fiery crash of a Boeing 737 passenger plane in Cuba on Friday, Cuban broadcaster CubaTV reported.There were three seriously injured survivors among the 114 passengers and crew.

The aircraft, on a domestic flight to Holguin in eastern Cuba, crashed shortly after taking off from Havana, Cuban state-run media reported. There were 105 passengers, including five children, and nine crew members.The fire from the crash had been put out and authorities were identifying bodies, President Diaz-Canel said, adding that authorities were investigating the cause of the crash.