Connect with us

World

Authorities in Pakistan burn confiscated drugs worth 1.3 billion dollars

Published

 on

(Last Updated On: November 25, 2021)

A massive pile of 18 metric tons of drugs, worth 1.3 billion US dollars, was burnt on Wednesday (November 24) on the outskirts of Islamabad by Pakistan’s Anti-Narcotics Force (ANF), Reuters reported.

During the drug burning ceremony, Director General of ANF, Major General Ghulam Shabeer Narejo, said his organisation had seized 184 metric tons of narcotics this year.

Officials said the confiscated drugs include hashish, opium, heroin, amphetamine, methamphetamine, ketamine, cocaine, as well as Xanax, ecstasy, Alprazolam and Roche tabs, along with a huge quantity of other drugs and prohibited chemicals, read the report.

According to the report Pakistan is a major conduit for drugs flowing out of its western neighbour, Afghanistan, which is the world’s largest producer of heroin and a major hashish producer.

He called upon all segments of the society to take part in the fight against drugs.

World

Pakistan receives $3 billion loan from Saudi Arabia

Published

on

(Last Updated On: December 5, 2021)

Pakistan on Saturday received a $3 billion loan from Saudi Arabia, the prime minister’s finance adviser said, as part of an economic support package.

The South Asian country has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency, Reuters reported.

Pakistan’s total liquid foreign reserves stand at $22,498.8 million, based on central bank data.

Shaukat Tarin, finance adviser to Pakistan’s prime minister Imran Khan, said in a tweet: “I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.”

The loan from Saudi Arabia will be for one year at a 4% interest rate under the terms of the package, which was signed last month, Reuters reported.

“This is positive news … and will help bolster both the foreign exchange reserves and sentiments in the forex market,” Saad Hashemy, executive director at BMA Capital said.

The loan comes a week after the International Monetary Fund agreed with Pakistan on measures needed to revive a stalled $6 billion funding program.

Continue Reading

Featured

Uzbekistan’s Samarkand city named 2023 World Tourism Capital

Published

on

(Last Updated On: December 5, 2021)

Uzbekistan’s historic city of Samarkand was chosen as the 2023 World Tourism Capital at the 24th General Assembly of the UN World Tourism Organization (UNWTO) in Spain, Uzbekistan’s Tourism and Sports Ministry said in a statement on Saturday.

Samarkand will host the 25th General Assembly of the UNWTO, which will be a “historic event” as it marks the first time in history that the gathering will be held in Uzbekistan, read the statement.

The summit in Madrid was attended by a delegation led by Uzbekistan’s Tourism and Sports Minister Aziz Abdukhakimov, who is also the country’s deputy prime minister.

The opportunity to host a UN organization meeting for the first time is the result of the Uzbek government’s policies and efforts to develop tourism in the country, the statement added.

Continue Reading

World

Russia, Southeast Asia conclude first joint naval exercise

Published

on

(Last Updated On: December 4, 2021)

Russia and the Association of Southeast Asian Nations (ASEAN) have concluded their first joint naval exercise, Indonesia’s navy said on Saturday, as the region faces rising tensions with China.

The three-day exercise off the coast of Indonesia’s Sumatra island aimed at increasing interoperability between the ASEAN member states and the Russian navy in the strategic maritime area. It comes amid rising tensions between major powers in the South China Sea, a resource-rich waterway of geopolitical significance, Reuters reported.

“The exercise has a strategic impact because it was designed to cultivate friendships between the Indonesian government, ASEAN countries and Russia,” the navy said.

The two-stage drills involved eight warships and four aircraft from Russia, Indonesia, Malaysia, Thailand, Vietnam, Singapore and Brunei.

Aleksei Bolotnikov, commander of the Russian warship Admiral Panteleyev, was quoted as saying he hoped the next ASEAN-Russia exercise could take place in Vladivostok, Reuters reported.

Continue Reading

Trending

Copyright © 2021 Ariana News. All rights reserved!