TIME TO CHANGE PAK’S DESTINY, SAYS IMRAN IN FIRST ADDRESS

ISLAMABAD: Pakistan Prime Minister Imran Khan, in his inaugural address to the nation, called for peaceful relations with neighbouring countries. “I have had telephonic conversations with most of them. They have wished me well... I am keen on improving relations with countries in the region so that we can move ahead on human development,” he said.

Speaking a day after his swearing in, Khan identified Pakistan’s economic challenges and pitched austerity to elevate the economically weaker sections of society. In his address, broadcast by the state-run Pakistan Television, Khan brought up Pakistan’s ballooning debt. “Our debt went from 15,000 billion to 28,000 billion. We will do a complete audit on where this money went. We will also look into what level of interest we are paying on our loans,” he said. MUMBAI: China’s Alibaba Group Holding Ltd has initiated talks with Mukesh Ambani’s Reliance Retail Ltd to form a mega Indian retail joint venture, with an investment of at least $5 billion to challenge the dominance of Flipkart and Amazon in the world’s fastest-growing economy, two people with direct knowledge of the matter said.

Alibaba Group has proposed to acquire a large stake in Reliance Retail to create a behemoth in the digital marketplace and also expand Alibaba’s physical retail

I have spoken to all of Pak’s neighbours... There is a need for peace and without it, we cannot improve our situation.