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Time of India
4 days ago
- Time of India
Rail employee dead, passenger injured as bridge collapses at Khanewal station in Pakistan
(AI generated image) An accident at Khanewal Junction railway station in Pakistan claimed the life of a Pakistan Railways employee and injured a female passenger after part of a pedestrian bridge collapsed on Friday, ARY News reported. The incident occurred when a stone slab from the bridge suddenly fell on people walking below. Rescue teams quickly reached the spot and shifted the injured to a nearby hospital. While the passenger received medical treatment, the railway employee could not be saved. Repair work on the damaged footbridge began soon after the rescue operation concluded. 'According to the preliminary investigation, a stone slab from the bridge fell onto those below,' ARY News stated. A spokesperson for Pakistan Railways said train operations at Khanewal station were continuing as usual. Meanwhile, Pakistan Railways announced it would run five special trains across the country on the occasion of Eidul Adha 2025 to help manage the festive rush. These special services will run between 2 and 4 June. As per the schedule released by the railway department, the first train will depart from Karachi Cantt to Lahore at 1:00 pm on June 2. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The second will run from Quetta to Peshawar Cantt at 10:00 AM on June 3. On the same day, the third train will leave Lahore for Karachi Cantt at 5:00 pm. The fourth train is scheduled to depart from Karachi City to Rawalpindi at 8:00 pm on June 3. The fifth and final special service will leave Karachi Cantt for Lahore at 8:00 pm on June 4. The railway spokesperson noted that 'coaches for the first, second, and fourth trains will be arranged from carriage workshops, while the third and fifth trains will use existing rakes already prepared for Eid special services.'
Hindustan Times
5 days ago
- General
- Hindustan Times
Pakistan railway station bridge collapse kills employee, injures passenger
An employee of Pakistan Railways was killed and a female passenger injured after a section of the pedestrian bridge at Khanewal Junction railway station collapsed on Friday, ARY News reported. Rescue teams quickly arrived at the scene, transferring the deceased and the injured to the hospital, where medical treatment was provided to the passenger, according to ARY News. Pakistan Railways has commenced repair work on the bridge following the completion of rescue operations. "According to the preliminary investigation, a stone slab from the bridge fell onto those below," ARY News stated. Also Read | In warning shot at Pakistan, PM Modi declares India's 3-point rule on terror: Hollow atom bomb threats' Railway operations at Khanewal station are continuing as usual, a spokesperson for Pakistan Railways said, as quoted by ARY News. Separately, Pakistan Railways has announced the operation of five special trains on the occasion of Eidul al-Adha 2025 to facilitate passengers travelling to various cities, ARY News reported. Also Read | Israel aid block making Gaza 'hungriest region on earth with almost no read-to-eat food': UN office According to the railway spokesperson, the special Eidul al-Fitr trains will run between June 2 and 4 from multiple stations across the country. As per the schedule released by Pakistan Railways, the first special train will depart from Karachi Cantt to Lahore at 1:00 PM on June 2. The second will leave Quetta for Peshawar Cantt at 10:00 AM on June 3, followed by the third train from Lahore to Karachi Cantt at 5:00 PM the same day. Also Read | Meet BSF's Neha Bhandari, officer who led in crushing Pak posts during Operation Sindoor The fourth train is scheduled to depart from Karachi City for Rawalpindi at 8:00 PM on June 3, while the fifth will leave Karachi Cantt for Lahore at 8:00 PM on June 4, ARY News reported. The spokesperson added that coaches for the first, second, and fourth trains will be arranged from carriage workshops, while the third and fifth trains will use existing rakes already prepared for Eid special services.
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First Post
22-05-2025
- Business
- First Post
Nearly 50% Pakistanis favour trade boost with India to normalise ties: Post-Sindoor survey
The Gallup Pakistan survey shows that most of the Pakistanis believe trade could be used to defuse tensions between the two neighbours read more Nearly half of Pakistanis support boosting trade with India to normalise relations after the ceasefire, a survey, reported by The News, has found. Tensions between the two nuclear-armed neighbours escalated earlier this month following a terror attack in India's Jammu and Kashmir on April 22 in which 26 people, mostly Hindu tourists, were massacred. India, in response, struck terror hideouts in Pakistan. When the Pakistan military tried to attack Indian airbases, the Indian forces launched precision strikes at several Pakistani airbases and dealt significant damage, leading Islamabad to plead for a ceasefire on May 10. STORY CONTINUES BELOW THIS AD 'Trade key for defusing tensions' The Gallup Pakistan survey showed that most of the Pakistanis believed trade could be used to defuse tensions between the two neighbours. However, 35 per cent of Pakistanis are against this idea and believe that all unresolved issues, including Kashmir, should be addressed first. The survey included several hundred participants from across the country and was conducted between May 12 and 18 this month. When asked about steps to normalise relations with India, 48 per cent of Pakistanis favoured increasing cooperation in sports, while 35 per cent were against it. Additionally, 44 per cent supported more cooperation in education, with 36 per cent rejecting this idea. 40 per cent voted for enhancing cultural relations, but 35 per cent opposed this proposal. In response to the question, 'If you were in 1947, would you have supported separation from India,' 86 per cent said they would have voted for separation, 3 per cent would have been against it, 7 per cent were unsure, and 4 per cent did not provide an opinion. Pakistan's ailing economy Pakistan's economy remains on edge and is surviving on bailout programmes backed by several international organisations. Pakistan's GDP growth for FY 2024-25 fell short of the government's 3.6 per cent target, achieving only 2.68 per cent, as reported by ARY News citing sources from the National Accounts Committee. The findings were revealed during a committee meeting chaired by the Planning Secretary, according to an ANI report via ARY News. STORY CONTINUES BELOW THIS AD People in Pakistan view India as a great potential trading partner, the survey shows. However, New Delhi is unlikely to extend any favour to Islamabad owing to Islamabad's continued support for terrorism and failure to act against militants operating on its soil.
Time of India
21-05-2025
- Business
- Time of India
Pakistan GDP growth misses estimates; economy grows just 2.68% in FY25 even as country eyes $4.9 billion in external loans
Pakistan plans to secure external commercial financing totalling $4.9 billion for the fiscal year 2025-26. (AI image) Pakistan's GDP growth has missed the government's growth target for FY 2024-25, recording only 2.68 per cent growth against the anticipated 3.6 per cent, according to sources from Pakistan's National Accounts Committee, as reported by ARY News on Tuesday. The findings were disclosed at a National Accounts Committee session, which was presided over by the Planning Secretary of Pakistan, ARY News said according to an ANI report. The committee's assessment showed that Pakistan's GDP amounted to $411 billion, whilst per capita income rose to$1,824. The performance across sectors showed variation, with agricultural growth at 1.8 per cent in the initial three quarters, whilst the industrial sector experienced a decline of 1.14 per cent. The services sector demonstrated significant progress, achieving 39 per cent growth from July through March. Also Read | 'Big ban' actions: How India is shunning Pakistan and its allies like Turkey & Azerbaijan - top 5 measures Pakistan plans to secure external commercial financing totalling $4.9 billion for the fiscal year 2025-26. The government's financing strategy includes obtaining $2.64 billion as short-term loans from commercial banks. These loans are anticipated to carry interest rates between 7-8 per cent and would come without stringent conditions or performance criteria, the report said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDs ด้วยค่าสเปรดที่ต่ำที่สุด IC Markets สมัคร Undo The financing arrangement also includes long-term borrowing of $2.27 billion from commercial banks. The country is currently engaging with four prominent international banking institutions to facilitate these financial arrangements. Pakistan aims to secure $1.1 billion from the Industrial and Commercial Bank of China (ICBC), whilst seeking $500 million each from Standard Chartered Bank and Dubai Islamic Bank. Additionally, they are pursuing a commercial guarantee for a $500 million loan from the Asian Development Bank (ADB). Also Read | IMF issues strong warning, sets 11 new conditions for Pakistan amid heightened tensions with India In a related development, the International Monetary Fund (IMF) has established a target for Pakistan to increase its foreign exchange reserves to $13.9 billion by end-June. The State Bank of Pakistan presently maintains net reserves of about $14 billion, which is sufficient to support three months of imports. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NDTV
21-05-2025
- Business
- NDTV
Pakistan Seeks $4.9 Billion More In Loans After Missing Growth Target
Islamabad: The Pakistan government is reportedly planning to borrow USD 4.9 billion from international banks to meet its external financing needs and strengthen its foreign exchange reserves. This comes after the International Monetary Fund, earlier this month, authorised the "immediate disbursement" of a billion-dollar bailout to the South Asian nation's troubled economy. Islamabad's strategy is to secure USD 2.64 billion in short-term loans from international commercial banks at expected annual interest rates between 7 per cent and 8 per cent without strict conditions or performance benchmarks, according to a report by ARY News. Additionally, the government is seeking USD 2.27 billion through long-term borrowing arrangements from commercial banks, the report said. As part of the plan, Islamabad is reportedly in touch with four major international banks. This includes a proposal to obtain USD 1.1 billion from the Industrial and Commercial Bank of China (ICBC), along with USD 500 million each from Standard Chartered Bank and Dubai Islamic Bank. Moreover, a commercial guarantee is also being sought for a USD 500 million loan from the Asian Development Bank (ADB), according to a report by news agency ANI. The additional funding is reportedly part of Islamabad's broader strategy to meet Pakistan's external financing needs, which are driven by large debt repayment obligations and limited access to global capital markets, as well as to strengthen its foreign exchange reserves. The International Monetary Fund (IMF) has set a goal for Pakistan to advance its reserves to $13.9 billion by the end of June, with the country's State Bank currently holding a reserve of approximately $14 billion, which is enough to cover three months of imports. Pakistan Fails To Meet Economic Target The Pakistani federal government has reportedly fallen short of its economic growth target for the fiscal year 2024-25, achieving a growth rate of just 2.68 per cent against a projected 3.6 per cent, ARY News reported on Tuesday, citing sources from Pakistan's National Accounts Committee. This was reportedly revealed during a National Accounts Committee meeting in Islamabad, chaired by the Secretary Planning. The report said that Pakistan's economic output reached USD 411 billion, with per capita income increasing to USD 1,824. Sector-wise performance varied, with agriculture growing by 1.8 per cent during the first three quarters, while the industrial sector declined by 1.14 per cent. Notably, the services sector posted a strong growth of 39 per cent between July and March, as per ARY News.
