Economy

ISLAMABAD: PM's Adviser on Finance and Revenue Abdul Hafeez Shaikh reiterated Pakistan's commitment to curb terror financing under the FATF action plan. The finance adviser made these remarks while meeting a US delegation led by Ambassador…
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Prime Minister Imran Khan has issued directions to the Ministry of Trade and Industry to revive the Pakistan Steel Mills, on Monday. The directives were given by the prime minister in a review meeting on the progress of the revival of the…
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ISLAMABAD: Japan on Monday announced grant aid worth around 560 million Japanese Yen (approximately USD 5 million) to United Nations Industrial Development Organization (UNIDO) to support Agri-Food and Agro-Industry Development in Pakistan…
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WASHINGTON: A group comprising leading IT professionals called on Prime Minister Imran Khan at Embassy of Pakistan in Washington DC. The group included Mr. Imran ul Haq Khan, Mr. Hashmat Malik, Mr. Hassan Ahmad, Mr. Dilawar Syed, Mr. Rehan…
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KARACHI: The United Arab Emirates has claimed that it would open Asia's biggest visa centre in Karachi in the coming months. This was revealed by the UAE's Ambassador Hamad Obaid Alzaabi during his visit to the Karachi Chamber of Commerce…
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ISLAMABAD: Chinese technology giant Huawei plans to invest $100 million in Pakistan this year, a company executive said. Huawei Vice President of Huwaei Group, Mr. Mark Xueman met with Pakistani Federal Minister for Planning, Development…
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ISLAMABAD: A high level delegation comprising more than 55 executives and CEOs of the leading Chinese companies called on Prime Minister Imran Khan and expressed their interest to invest $5 billion in Pakistan. Minister for Planning…
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ISLAMABAD: Pakistan has received the first tranche of loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fund Facility (EFF). According to the State Bank of Pakistan (SBP), the country’s foreign…
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ISLAMABAD: The KFW bank of Germany has pledged an amount of 13.5 million Euro for Khyber Pakhtunkhwa’s Billion Tree Tsunami. KFW will help in monitoring and capacity building of ground staff as well as communities associated with this…
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ISLAMABAD — The Asian Development Bank (ADB) has approved a $235 million loan to help develop a bus rapid transit (BRT) system with innovative energy and climate resilience features that will enhance access to quality public transport for…
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ISLAMABAD: A delegation of China Railways Construction Cooperation (CRCCI) called on Mr. Razaq Dawood, Advisor to PM on Commerce, Textile, Industries & Production, and Investment. CRCCI is one of the largest integrated developer and…
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The Executive Board of the International Monetary Fund (IMF) approved a 39-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of SDR 4,268 million (about US$6 billion or 210 percent of quota) to…
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ISLAMABAD: Pakistan will start receiving oil supplies from Saudi Arabia on deferred payments from this month. According to a press release issued by Saudi embassy in Islamabad on Monday, Pakistan will start receiving monthly oil…
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ISLAMABAD: Prime Minister Imran Khan has said that the ruling elite of the past is responsible for the current devaluation of Pakistani rupee as they laundered  money abroad. The Prime Minister also wondered how the looter of the public…
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The World Bank committed $70 million in concessional financing for the Khyber Pakhtunkhwa Integrated Tourism Development Project. This project will invest in infrastructure development, strengthen institutions with business-friendly…
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