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Oil tanker overturns on Karachi’s Baloch Colony flyover, one dead

Deceased was an employee of a private television channel

Published by Faisal Ali Ghumman

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Karachi: An oil tanker overturned on Karachi’s Baloch Colony flyover on Thursday, leaving a man dead, witnesses and rescuers said.

According to Sindh Emergency Rescue 1122, the incident took place due to overspeeding. A warning was issued that the spillage caused by the accident had posed a serious risk of fire.

The oil tanker hit another car as it overturned. The rescue operation was completed by 3pm and the tanker was removed from the flyover.

The deceased was identified as Asad Zaidi with the help of an ID card found on him. He worked for a private TV channel. Traffic disrupted due to the accident.

 

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Entertainment

SRK named coins in market now

Coin was issued by the Grévin Museum of Paris

Published by Noor Fatima

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The coin bearing the name and picture of Bollywood super star Shah Rukh Khan has been released by the Grévin museum of Paris. French museum issued the coin to pay tribute to Shah Rukh Khan.

Bollwood’s King Khan became the first Indian actor to be awarded with gold coin by the Grévin Museum.

Last year Shah Rukh released three big films, including Pathan, Dunki, and Jawaan. Pathan starred alongside John Abraham and Deepika Padukone on the big screen, which was appreciated by the fans.

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Business

$7bn bailout package for Pakistan expected in August

IMF will give its final approval four to six weeks later after staff-level agreement

Published by Noor Fatima

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Islamabad: The International Monetary Fund (IMF) executive board meeting is scheduled to convene in mid-August to finalise the approval of a $7 billion bailout package for Pakistan.

According to details, the IMF will give its final approval four to six weeks later after staff-level agreement.

The staff-level agreement was scheduled on July 12 between IMF and Pakistan, before the agreement Pakistan must secure external financing assurance.

On the other hand, IMF also indicated to start a new program soon for Pakistan to deal with the risks of climate change and natural disasters. Talks for the funding on climate change and natural disaster is expected to be held soon.

According to media reports, Pakistan has to identify long-term priority basis projects and programs for climate change. IMF’s Resilience and Sustainability Facility (RSF) program provides affordable and long-term financing in collaboration with other international institutions.

Earlier in an interview the Finance Minister Muhammad Aurangzeb said that the IMF will give its approval till the end of August for staff level agreement. Negotiations on the external financing gap with IMF are underway which won’t affect the staff-level agreement.

 

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