Indian Sub-continent

Pakistan: Dar comes back after 5-year self-exile; vows to take country "out of economic vortex"

Islamabad, Sep 27 (PTI) Ishaq Dar, the former finance minister of Pakistan who is once again set to take charge as the new financial czar, has vowed to take the cash-strapped country out of the economic vortex, the media reported on Tuesday.

The senior leader of the Pakistan Muslim League-Nawaz (PML-N) on Monday returned to Pakistan from London with Prime Minister Shehbaz Sharif, who following a meeting with Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif, announced the appointment of 72-year-old Dar as the incoming finance minister.

India: Another 150 people allegedly linked with PFI held across seven states

New Delhi, Sep 27 (PTI) More than 150 people allegedly linked with the Popular Front of India (PFI) were detained or arrested in raids across seven states on Tuesday, five days after a similar pan India crackdown against the group often accused of being linked to radical Islam.

Conducted mostly by state police teams, the raids were spread across Uttar Pradesh, Karnataka, Gujarat, Delhi, Maharashtra, Assam and Madhya Pradesh.

Saab to set up manufacturing facility in India for Carl-Gustaf weapons system

New Delhi, Sep 27 (PTI) In a significant move, Swedish defence major Saab on Tuesday announced that it will set up a manufacturing facility in India for production of its Carl-Gustaf M4 weapon systems.

It will be the company's first manufacturing facility for the Carl-Gustaf M4 outside Sweden.

The production of the shoulder-fired weapons having a range of 1,500 metres will start in 2024, said Gorgen Johansson, Saab's senior vice president.

Pakistan: Flights carrying relief assistance from KSA, Turkiye arrived at Karachi

ISLAMABAD, Sep 26 (APP): One each relief assistance flight from the Kingdom of Saudi Arabia (KSA) and Turkiye on Monday landed at Jinnah International Airport, Karachi.

A total of 9 such flights carrying relief goods for the flood affectees of Pakistan had arrived from KSA, Foreign Office Spokesperson said in a press release.

While, one relief assistance flight from Turkiye was also received at Jinnah International airport, Karachi.

It was 14th flight from Turkiye, carrying relief goods for the people affected by unprecedented floods in Pakistan.

Six soldiers killed in Pakistan army helicopter crash

NEW DELHI, Sept 26 (NNN-Bernama) — Six soldiers, including two majors, were killed in a Pakistani military helicopter crash in the province of Balochistan on Sunday night.

The helicopter crashed during a flying mission in the Harnai area, the military’s media wing Inter-Services Public Relations (ISPR) said in a statement on Monday.

“All 6 personnel on board including 2 pilots have embraced shahadat (martyrdom),” the ISPR said.

This is the second army helicopter crash in Balochistan in less than two months.

India: If rain comes in morning, dry noon departs for people

Kanpur: The weather was sunny in the morning but after 11 a.m. it rained in some parts of the city. While some parts of the city areas remained dry.

However, clouds still continue over the whole of the city.

According to meteorologists, for the next 2 to 3 days such kind of weather would go on However, it can be sunny in between.

The city has begun to realise coolness despite the temperature at night and morning hovering around 23 degrees. While the temperature rises to 25 to 27 degrees in the afternoon

India: Court warns Vadra to remain careful in future, accepts explanation for 4-day stopover at UAE

New Delhi, Sep 24 (PTI) A Delhi court on Saturday discharged a show-cause notice issued to Robert Vadra for allegedly violating terms and conditions while travelling to the UK via Dubai but warned him to remain careful in future.

India: Court allows ED one-week police custody of three Delhi unit PFI functionaries

New Delhi, Sep 24 (PTI) A court here has allowed the Enforcement Directorate seven days' custody of three Delhi unit functionaries of the Popular Front of India (PFI) for their alleged role in money laundering in the guise of cash donations.

The court was hearing the ED's application seeking remand for two weeks of the three accused - Perwez Ahmad, president of PFI Delhi, Mohd. Ilias, general secretary of the Delhi unit and its office secretary Abdul Muqeet.

India: High NPAs in education loan segment turn banks cautious

New Delhi, Sep 25 (PTI) High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit.

Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of the current financial year. Outstanding education loans were about Rs 80,000 crore at June-end.

Weakening rupee to make import of crude oil, commodities expensive

New Delhi, Sep 25 (PTI) The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank's upper tolerance level of 6 per cent.

The pressure on the domestic currency, which is mainly due to repeated hikes in interest rate by the US Fed, is likely to continue with rise in trade deficit and gradual withdrawal of funds by institutional investors.

Subscribe to Indian Sub-continent