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Prime Minister Shehbaz Sharif on Wednesday invited all political parties of the country to become part of the ‘Misaq-i-Istehkam-i-Pakistan’ (Charter for Stability of Pakistan) on the occasion of festivities organised to mark Marka-i-Haq and Independence Day. A special ceremony was held in Islamabad’s Jinnah Sports Stadium with senior civil and military leadership in attendance. Among the senior dignitaries present at the event were President Asif Ali Zardari, Chief of Army Staff Field Marshal Asim Munir, First Lady Aseefa Bhutto-Zardari, Deputy PM and Foreign Minister Ishaq Dar, Senate Chairman Yousuf Raza Gilani, National Assembly Speaker Ayaz Sadiq, Inter-Services Public Relations Director-General Lt Gen Ahmed Sharif Chaudhry, federal and state ministers, and foreign officials. Addressing the event, PM Shehbaz said: “The time has come for us to move beyond political division, personal interest and empty slogans to adopt collective thinking for Pakistan. On this great day today, I once again, with an open he...
United States President Donald Trump said on Wednesday that if his meeting with Russian President Vladimir Putin goes well, he would like to have a quick second meeting between Putin, Ukrainian President Volodymyr Zelensky and himself. “If the first one goes okay, we’ll have a quick second one,” Trump told reporters. “I would like to do it almost immediately, and we’ll have a quick second meeting between President Putin and President Zelensky and myself, if they’d like to have me there.” Trump did not provide a timeframe for a second meeting. He is to meet Putin in Anchorage, Alaska on Friday. Trump also said Russia would face consequences if Putin did not agree to stop the war. “Yes, they will,” he said. He did not spell out the consequences, but he has warned of stiff economic sanctions if no breakthrough can be achieved. Trump spoke after holding talks via telephone with European leaders and Zelenskiy about his meeting with Putin. “We had a very good call. He was on the call. President Zelensky was on the ...
Global rating agency Moody’s on Wednesday upgraded Pakistan’s credit rating by one notch to Caa1 from Caa2, citing Islamabad’s improving external position, and changed its outlook from positive to stable. Moody’s Ratings is a credit rating system that evaluates the creditworthiness of borrowers, such as governments, corporations, or financial instruments. According to its website, the agency uses letter grades (Aaa, Aa, A, Baa, etc) to indicate the likelihood of timely repayment, with Aaa being the highest quality and C the lowest. These ratings help investors assess risk before lending or investing. Within this scale, Caa1, Caa2, and Caa3 all fall into the “Caa” category, signalling very high credit risk and poor standing. Caa1 is the highest within this group (slightly less risky), Caa2 is one notch lower, and Caa3 is the last, meaning the greatest vulnerability to default among the three. “Moody’s Ratings (Moody’s) has today upgraded the Government of Pakistan’s local and foreign currency issuer and senior...7447 items