Oklahoma Gov. Kevin Stitt signed a bill Tuesday that will withhold funds from one of the state’s largest hospital systems. Unless it stops providing gender-affirming medical care to minors. The bill authorizes more than $108 million in federal funds for health services at the University of Oklahoma Medical Center. Oklahoma Gov. Kevin Stitt signed legislation … Read more
LAHORE: PTI leader Fawad Chaudhry said the Election Commission of Pakistan (ECP) should provide the funding details of other political parties notably the PML-N and PPP within fifteen days to know their sources of funding. Addressing a press conference, the former minister questioned the role of the Federal Investigation Agency (FIA) for summoning party leaders … Read more
ISLAMABAD: PML-N leader Shahid Khaqan Abbasi criticized Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan after the Election Commission of Pakistan (ECP) announced the prohibited funding case verdict. Addressing a press conference, the former prime minister said the election commission has decided the most important case in the political history of Pakistan. He He slammed Imran Khan … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif has urged the Election Commission of Pakistan to announce the “long-delayed judgment” on the PTI foreign funding case. “For long has Imran Niazi been given a free pass despite his repeated & shameless attacks on state institutions. Impunity given to him has hurt the country,” the prime minister wrote on … Read more
SpaceX has raised $1.68 billion through equity financing, the Elon Musk-founded rocket maker said in a regulatory filing. Comes as SpaceX invests heavily in its Starship rocket development and Starlink broadband internet satellite constellation. The fresh financing round was disclosed in securities filings on Monday. SpaceX has raised $1.68 billion through value funding, the Elon … Read more
Elon Musk’s rocket business SpaceX is aiming to secure $1.7 billion in new capital as its controversial creator continues to make headlines in the last week of his defamation trial against former lovers Amber Heard and Johnny Depp. According to CNBC, citing a company-wide email received by the network, the space travel pioneer will pay … Read more
KARACHI: Find My Doctor, a healthcare startup, has raised a Pre Series A funding valued $5 million from TPL e-Ventures, and TPL Insurance, a statement said on Monday. The funding will be used to open dark stores, improve technology and hire new talent, it added. “We are thrilled to achieve this milestone and will be … Read more
ISLAMABAD: Scrutiny report about Pakistan Tehreek e Insaf (PTI)’s foreign funding on Tuesday revealed that the PTI provided incorrect information to the Election Commission of Pakistan (ECP) regarding the donation money it had received. The scrutiny report alleged that the PTI hid its 53 bank accounts in its assets details submitted to the ECP. It … Read more
ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Tuesday said a scrutiny committee had been formed to probe funding of Pakistan Peoples Party (PPP) and Pakistan Muslim League-N (PML-N). “The committee should be asked to submit its report. I have no doubt that when the investigation report on foreign funding of parties would … Read more
WASHINGTON: The International Monetary Fund said Thursday it will extend its flexible access to emergency funding for an additional 18 months to help nations severely impacted by the Covid-19 pandemic. The IMF’s executive board agreed on Monday to “temporary increases to the cumulative access limits under its emergency financing instruments” through June 2023, the Washington-based crisis … Read more
RIYADH: The price of cryptocurrencies listed on Coinbase, the largest US crypto exchange, and popular data provider CoinMarketCap.com fell briefly on Tuesday, Arab News reported. Several tokens showed astronomical gains that sent users rushing about huge windfalls, Bloomberg reported. CoinMarketCap.com said in a statement that the issue has been resolved, and Coinbase said the same on Twitter, … Read more
KARACHI: PostEx, a provider of courier and financing to e-commerce companies, completed one of the country’s largest early-stage funding to help with its expansion plans, Bloomberg reported on Monday. The Lahore-based startup raised $8.6 million through multiple tranches in its seed funding, according to its founder Muhammad Omer Khan. The latest tranche was led by Global Founders … Read more
RIYADH: Venture capital impact investment in Saudi Arabia reached a new high in 2021 in both total number of transactions and capital deployed, Arab News quoted a report produced by MAGNiTT and Saudi Aramco. Impact investments are those aimed at generating a measurable social and environmental benefit alongside a financial return. Impact funding in the kingdom up … Read more
LONDON: Britain has announced $68 million in funding to support energy transition and green infrastructure and growth in the Middle East and North Africa, Arab News reported. The announcement was made by UK Minister for the Middle East and North Africa James Cleverly during an event on the second day of the UN Climate Change Conference (COP26) … Read more
US President Joe Biden has authorised up to $100 million from an emergency fund to meet the “unexpected urgent” refugee needs stemming from the situation in Afghanistan, including for Afghan special immigration visa applicants, Al Jazeera, quoted the White House, as saying, on Saturday. Biden also approved on Friday the release of $200 million in … Read more
The former head of diplomatic wing and Coordination Committee member of the Muttahida Qaumi Movement Muhammad Anwar said that the MQM has been receiving funds from the Indian government. According to the details, he revealed that MQM was receiving the funds from India and Nadeem Nusrat introduced him to an Indian diplomat in early 90’s. … Read more
