ISLAMABAD -UNS: The World Bank on Tuesday said that it expected economic activity in the country to “remain subdued”, adding that the GDP was expected to grow at 1.8 per cent in the current fiscal year. “Pakistan is expected to continue facing foreign exchange liquidity issues due to the persistent […]
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UNS: Finance Minister Muhammad Aurangzeb has said that the country is going towards a big programme with the IMF (International Monetary Fund). Addressing a ceremony held on the stock market here on Friday morning, he said the government would continue engagement for microeconomic stability with the IMF. The minister said […]
UNS/AFP) : Chinese tech giant Huawei on Friday said its profits more than doubled in 2023, as it ramps up efforts to bounce back a year that saw the company apparently defy US sanctions with the release of a high-end smartphone. The Shenzhen-based company has been at the centre of […]
WASHINGTON -Reuters/UNS:The United States said on Tuesday it does not support a Iran-Pakistan gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran. WHY IT IS IMPORTANT The Pakistan-Iran gas pipeline, known as the Peace Pipeline is a long-term project between Tehran […]
By Qamar Bashir Since its inception, the new government has displayed a crucial optimism towards the prosperity and growth of the nation, characterized by an unparalleled determination labeled as ‘Iron determination’ (Fouladi Azm) by the Prime Minister. Backed by the strength and support of the establishment, the unelected finance team […]
ISLAMABAD -UNS: The federal government will mull another increase in power tariff on the application of state-owned distribution companies (Discos). If approved, the electricity consumers will have to pay another Rs967 billion. According to sources, six Discos have submitted applications for increase in tariff for the next financial year before […]
ISLAMABAD -UNS: Pakistan and China have agreed to accelerate the implementation of phase II of CPEC projects and establish a working group to oversee five new economic corridors under this phase. This decision was reached during a meeting between Minister for Planning and Development Ahsan Iqbal and Chinese Ambassador to […]
BRUSSELS-UNS: Pakistan and Turkiye have reaffirmed their commitment to maximising the potential of their bilateral trade, aiming to increase it to $5 billion. This determination was expressed during a meeting between Foreign Minister Ishaq Dar and his Turkish counterpart, Fidan Hakan, on the sidelines of the Nuclear Energy Summit in […]
ISLAMABAD-UNS:The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement on the second and final review under Stand-By Arrangement, subject to the IMF Executive Board’s approval. A statement issued by the IMF says Pakistan will have access to $1.1 billion after the final approval, which is expected next […]
LONDONB-UNS/Reuters: Tesla said on Saturday it would increase the price of its Model Y electric vehicles (EV) in several European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the automaker’s announcement […]