By Staff Reporter ISLAMABAD :Prime Minister Shehbaz Sharif on Tuesday announced that the United Arab Emirates (UAE) had agreed to roll over the payment of $2 billion due by Pakistan this month. Securing external financing has previously been a key condition for the International Monetary Fund (IMF) to approve the […]
Business
By Qamar Bashir Among news of an economic slowdown in China and economic challenges in Pakistan, I was surprised to notice the outstanding ratings of both countries on the economic front based on the Purchasing Power Parity (PPP) method. According to the World Bank, China, with an economy of $34.66 […]
ISLAMABAD -UNS: HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance bank, and HBL Zarai Services Limited (HZSL), the pioneer agriculture-specialized extension services company in Pakistan, are proud to announce a strategic partnership aimed at empowering farmers through improved access to financial and agricultural support services. This collaboration underscores a shared […]
GAWADAR -UNS: The federal government has officially designated Gwadar Airport as an international airport, allowing it to handle international passenger and cargo flights. The airport, a major milestone under the China-Pakistan Economic Corridor (CPEC), is expected to boost regional connectivity and trade. The Federal Board of Revenue (FBR) issued two […]
KARACHI -UNS: KARACHI: The State Bank of Pakistan (SBP) announced on Friday that all banks and financial institutions to remain closed for public dealing on January 1, 2025 (Wednesday) which will be observed as a “bank holiday”. In a statement, the central bank said that the development finance institutions (DFIs) […]
ISLAMABAD -UNS: President Federation of Pakistan Chambers of Commerce and Industries Atif Ikram Sheikh has said that the reduction of 200 basis points in the policy rate by the State Bank is welcome, there is scope for further reduction in the interest rate. President Federation of Pakistan Chambers of Commerce […]
By Qamar Bashir In December 2024, the United States and China renewed their government-to- government Science and Technology Agreement (STA) with a five-year protocol, continuing a collaboration first established in 1979. Over the decades, the STA has yielded significant mutual benefits, with the U.S. leveraging China’s biodiversity to advance agriculture, […]
LAHORE -UNS: The Draw Number 100 of Rs200 prize bonds draw has been scheduled for December 16, 2024, in Sialkot. This offers participants a chance to win substantial cash prizes. The first prize for the Rs200 prize bond is Rs750,000, while the second prize amounts to Rs250,000, awarded to multiple […]
ISLAMABAD -UNS: The Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, convened today to discuss the grievances of Khyber Pakhtunkhwa industrialists concerning the harassment by PESCO on the installation of Solar system. Former President Sarhad Chamber of Commerce and Industry highlighted that PESCO officials creates unwanted hindrances to […]
KARACHI -UNS: The price of 24 karat per tola gold witnessed an increase of Rs3,100 and was sold at Rs280,500 on Wednesday against its sale at Rs277,400 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs2,658 […]