At Geneva moot, Pakistan to present 4RF for climate resilient reconstruction, rehabilitation
Foreign Office spokesperson Mumtaz Zahra Baloch said that at the “International Conference on Climate Resilient Pakistan” in Geneva on January 9, Pakistan would present Resilient Recovery, Rehabilitation and Reconstruction Framework (4RF) to guide as a strategic policy and prioritization document. “4RF is a strategic policy and prioritization document of the Government of Pakistan that will…
Adil Aziz
Foreign companies welcome to invest in country’s fast-growing IT sector: President
President Dr Arif Alvi said that Digital Transformation was at the heart of country’s vision to create a conducive environment for technology development and growth. The president, talking to a delegation of DigitalOcean, led by its CEO Yancy Spruill, who called on him, said the conducive environment would include inviting and facilitating foreign investment in…
Pakistan’s trade with UAE to surpass US$10.6 Billion in 2023: envoy
The bilateral trade between Pakistan and United Arab Emirates is expected to grow up to double from the US$10.6 billion volume achieved in 2021-2022, Pakistan’s top diplomat in the UAE said. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and North Africa (MENA) region,”…
NA body for curbing wheat, fertilizer smuggling for price stabilization
National Assembly Standing Committee on National Food Security and Research expressed its concerns over the smuggling of wheat and fertilizers and asked for taking appropriate measures to curb the menace for ensuring supply of the commodity on affordable price across the country. The Committee, which met here with Rao Muhammad Ajmal Khan, Member National Assembly…
MMBL scores two awards by HR Metrics at GDEIB Awards 2023
HR Metrics has recognized Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, for being a leader in Diversity, Equity, and Inclusion (DEI) in the following categories: Diversity and Inclusion (D&I) structure and implementation and work-life integration, flexibility, and benefits at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards 2023. The achievement highlights the…
Investment under CPEC to reach $62 Billion by 2030: Report
The total planned investment under China Pakistan Economic Corridor (CPEC) is $62 billion between FY2015 and FY2030, out of which $27.4 billion projects have been realized, with energy sector (power generation, coal mining and transmission lines) representing 76 percent. It covers power generation projects, both fossil fuel and renewable, of about 11 GW. To date,…
Trade deficit narrows by 32.65% in 1st half of FY 23
The trade deficit witnessed a decline of 32.65 percent during the first half of the current fiscal year as compared to the corresponding period of last year. The trade deficit during July-December (2022-23) was recorded at $17.133 billion against the deficit of $25.438 billion in July-December (2021-22), a decline of 32.65 percent. The exports during…
Planning minister reviews 300 MW Coal Fired Power Project
Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal directed Ministry for Maritime Affairs, Power Division, Gwadar Port Authority (GPA) and China Overseas Ports Holding Company Ltd (COPHCL) to ensure 100 percent power consumption to 300 MW Coal Fired Power Project in order to avoid any financial loss to the national exchequer. The minister…
Carrefour rewards customers with 150 free trolleys per day
Carrefour launches its ‘Win your Trolley’ initiative starting on 1 January Customers in-store can spin the wheel for a chance to get their shopping for free 2,700 free shopping trolleys will be checked out by Carrefour over 18 days Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has announced its exciting campaign, ‘Win…
Cabinet okays ‘National Energy Conservation Plan’
The Federal Cabinet approved the National Energy Conservation Plan, introducing certain measures to ensure judicious utilization of national resources. “The approval to the Conservation Plan has been accorded in line with the advice of the Power Division. It will come into force at once across the country,” the Defence Minister said while unveiling the salient…