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ISLAMABAD, July 20 (Reuters) - Ukrainian Foreign Minister Dmytro Kuleba on Thursday called for the Black Sea grain initiative to be restored to meet the challenge of global food insecurity. "It is not only in our interest but in the world's interest that this grain initiative is restored," Zardari said. The Black Sea grain deal expired on Monday after Russia quit, despite a U.N. offer to President Vladimir Putin to re-establish access for a Russian bank to the SWIFT international payment system in return for an extension. The U.N. estimates the grain deal lowered food prices globally by 20%. Russia has warned that ships sailing to the Ukrainian Black Sea ports from Thursday will be seen as potential military targets.

Persons: Dmytro Kuleba, Bilawal Bhutto Zardari, General Antonio Guterres, Zardari, Russia, Vladimir Putin, Kuleba, Asif Shahzad, David Evans, Sharon Singleton Organizations: Ukrainian, United Nations, Thomson, Reuters Locations: ISLAMABAD, Islamabad, Kyiv, Russia, Moscow, Pakistan, Russian, Chornomorsk, China, Ukraine, Ukrainian, Shahid, Karachi

June 8 (Reuters) - Pakistan is likely to post GDP growth of 0.29% in the fiscal year ending June 2023, the country's economic survey released on Thursday said, well below the target of 5% set last year. Finance Minister Ishaq Dar told a news conference on the annual report that 0.29% GDP growth was a "realistic achievement" and anything higher was not achievable. Average year-on-year inflation rate for the period up to May 2023 was recorded at 29.2%, the survey found. In April and May, the country's inflation hit record levels, which were also the highest in Asia. Remittances of money sent from relatives abroad were down 13% for the FY23 until April, to $22.7 billion.

Persons: Ishaq Dar, Ariba Shahid, Asif Shahzad, Gibran Peshimam, Sakshi Dayal, Sudipto Ganguly, Barbara Lewis Organizations: International Monetary Fund . Finance, Thomson Locations: Pakistan, Asia

He had remained inside for hours after being granted bail, saying he was not being allowed to leave by security officials. It's not the security agencies, it's one man – the army chief," he said, without naming him. He has since been a vocal critic of current army chief General Asim Munir. [1/7] Security officers escort Pakistan's former Prime Minister Imran Khan, as he appeared in Islamabad High Court, Islamabad, Pakistan May 12, 2023. "The Islamabad High Court has given a two-week bail and also ordered the (anti-graft body) not to arrest Imran Khan during this period," another of Khan's lawyers, Faisal Chaudhry, told Reuters.

Khan's colleagues in his Pakistan Tehreek-e-Insaf (PTI) party did not immediately respond to a request for comment on his indictment. Mobile data services were shut for a second day on Wednesday as street protests continued, with federal ministers accusing Khan's supporters of torching several buildings and vehicles. MORE THAN 1,000 ARRESTS[1/8] Supporters of Pakistan's former Prime Minister Imran Khan throw stones towards police during a protest against Khan's arrest, in Peshawar, Pakistan, May 10, 2023. Khan, a cricket hero-turned-politician, was ousted as prime minister in April 2022 in a parliamentary no-confidence vote. In most of the cases, Khan faces being barred from holding public office if convicted.

ISLAMABAD, April 28 (Reuters) - Inflation-hit Pakistan on Friday approved a rise of up to 20% in retail prices of general medicines and 14% for essential ones, prompting immediate criticism from drug manufacturers who said the increases were too small. The government decision followed a months-long stand-off with importers and manufacturers, whose associations have been demanding an across-the-board 39% rise, warning that the industry could otherwise collapse. But the government had pushed back against the demands for higher medicine prices, fearing such a move would lose it support months before national general elections. The finance ministry said medicine prices could be reviewed again after three months if the Pakistani rupee appreciated, adding that "no increase under this category" would be granted in the next financial year. The Pakistan Pharmaceutical Manufacturing Association (PPMA) criticised the increase, which it said was way lower than it had expected.

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