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    Trump lands in China for Xi summit amid US-Iran ceasefire

    Trump lands in China for Xi summit amid US-Iran ceasefire

    Pezeshkian sworn in as Iran’s president

    Tehran sends legitimate demands after Trump rejects peace response, says Iran

    Iran says hypersonic missiles fired at Israel amid Trump’s surrender demand

    Trump rejects Iran peace terms, Tehran warns of new attacks

    US-Iran talks expected in Islamabad this weekend, IAEA Chief

    Ceasefire with Iran still intact, Pentagon Chief

    Pakistan congratulates Donald Trump for winning as US president

    Trump not satisfied with new Iran proposal

    Chinese fighter jet’s firm sales jump after Pakistan-India standoff

    Chinese fighter jet’s firm sales jump after Pakistan-India standoff

    US-Iran talks expected in Islamabad this weekend, IAEA Chief

    Trump not happy with latest Iran proposal to end war, says US official

    UAE – A Land of Opportunity and Sustainable Growth

    UAE – A Land of Opportunity and Sustainable Growth

    First time in history no Muslim representation in Indian cabinet

    India and South Korea plan $50 billion trade push with new deals

  • BUSINESS
    IMF postpones talks with Pakistan seeking details of flood relief expenditure

    Finance Minister discusses budget preparations with IMF mission

    Pakistan unlikely to buy spot LNG in summer

    Qatari LNG tanker heads via Strait of Hormuz to Pakistan

    OGDCL discovers Oil, Gas reserves in Sindh

    Pakistan’s oil and gas sector shows solid growth in April

    Govt plans hedging to benefit from low oil prices

    Pakistan refineries face Rs24bn losses

    PM Shehbaz inaugurates ‘Salam Pakistan’ brand, ‘e-Portal’

    PM launches Rs3.2tr loan scheme for affordable housing

    Pakistan to sell $300 mln Panda bonds in Chinese market, Finance Minister

    Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’

    PSX crashes after PM announces ‘super tax’ on industries

    PSX falls amid concerns over reignited US-Iran tensions

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    Akshay Kumar reveals his two upcoming projects during Saudi Film Festival

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    Meesha Shafi Ali Zafar FIA

    LHC suspends defamation case verdict against Meesha Shafi to pay Rs5 million in damages to Ali Zafar

    Akshay Kumar reveals his two upcoming projects during Saudi Film Festival

    Akshay Kumar wraps Keralam schedule of Anees Bazmee film

    Aamir Khan ‘promotes’ Indian political party in viral video

    Aamir Khan and Junaid Khan greet fans during Ek Din theatre visit

    Taylor Swift officially becomes a billionaire now

    Adam Scott makes surprising confession about Taylor Swift’s new album

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    Tabu buys luxury apartment worth Rs.10 crores in Mumbai

    Akshay Kumar reveals his two upcoming projects during Saudi Film Festival

    Akshay Kumar likely to return as host for Wheel Of Fortune India Season 2

    Shahid Kapoor reveals why he chose to take ‘outside route’ to Bollywood

    Imtiaz Ali speaks out on plans for ‘Jab We Met 2’, ‘Tamasha 2’

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Home EDITORS PICK

UN chief backs Pakistan’s appeal for release of frozen Afghan funds

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UNITED NATIONS: UN Secretary-General Antonio Guterres Friday supported Pakistan’s call to release frozen funds of the Afghan government and appealed for an injection of cash into the war-torn country to avoid an economic meltdown.

The UN chief said that the economic crisis would spark a “catastrophic” situation for the Afghan people and be a “gift for terrorist groups.”

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Pakistan has, on multiple occasions, reiterated that the world must not isolate Afghanistan and urged the international community to address the humanitarian needs of the country.

Speaking to the media in Islamabad along with his Spanish counterpart Jose Manuel Albares, Foreign Minister Shah Mehmood Qureshi on Friday had suggested that the decision of freezing the Afghan funds will not be helpful and be revisited.

UN chief remarks for Afghanistan’s help come after his special envoy on Afghanistan, Deborah Lyons, warned the Security Council on Thursday that the freezing of billions of dollars in international Afghan assets to keep them out of Taliban hands would inevitably spark “a severe economic downturn.”

“At the present moment the UN is not even able to pay its salaries to its own workers,” Guterres told reporters.

“We need to find ways to avoid a situation that would be catastrophic for the people and, in my opinion, a source of instability, and an action, gift for terrorist groups still operating there,” he said.

Guterres said he had been speaking with International Monetary Fund chief Kristalina Georgieva, telling reporters it was essential to agree on waivers or mechanisms to get money into Afghanistan. The IMF has blocked the Taliban from accessing some $440 million in new emergency reserves.

Much of the Afghan central bank’s $10 billion in assets are also parked overseas, where they have been frozen since the Taliban came to power last month. They are considered a key instrument for the West to pressure the new Afghan rulers.

Both Guterres and UN aid chief Martin Griffiths hope that international programs to get cash into war-torn Yemen could be replicated in Afghanistan. In Yemen, the UN children’s agency, UNICEF, makes monthly cash payments to some 1.5 million of the poorest families through a program funded by the World Bank.

The United Nations is also working to ensure it can continue its humanitarian work in Afghanistan, where at least 18 million people – half the country’s population – already need help.

“We are permanently engaging with the Taliban and we believe that the dialogue with the Taliban is absolutely essential at the present moment,” Guterres said.

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