Action on banks to be taken by end month: NA Body
National Assembly Standing Committee on Finance and Revenue was informed that the actions against eight banks involved in overcharging on opening of Letters of Credit (LC) would be taken by the end of current month. While briefing the Committee, Deputy Governor State Bank of Pakistan (SBP), Dr. Inayat Hussain said that in light of inspection…
Adil Aziz
WB to provide financial support for Pakistan to provide subsidized urea
Regional Director World Bank for Sustainable Development John A Roome said that the bank will provide financial support to floods and rains affected farmers of Pakistan by providing them subsidized urea. The Regional Director World Bank met with Minister for National Food Security and Research Tariq Bashir and apprised him about the bank’s board meeting…
Government to provide housing facilities to low, middle income groups: Dar
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar expressed government’s resolve to provide housing facilities to the low and middle income groups at affordable prices. Chairing a meeting on Mera Pakistan Mera Ghar (MPMG) Scheme at Finance Division, the minister advised the relevant authorities to work out feasible proposals, addressing and resolving the…
World Bank for helping country’s socio-economic uplift: Ayaz Sadiq
Federal Minister for Economic Affairs, Sardar Ayaz Sadiq here on Wednesday appreciated the World Bank (WB) for its decades-long assistance, which he said had played and would continue to play a vital role in the socio-economic uplift of Pakistan. The minister was talking to Regional Director for the WB South Asia, Sustainable Development (SD), John…
Pakistan’s first energy booster juice of fresh fruits launched to improve immunity
Iftekhar Ahmed and Company, one of Pakistan’s leading exporter of fresh fruits and value-added products, has announced launching of country’s first instant energy booster juice prepared from pure pulp of apple, beetroot and carrot to make human immune strong by providing rich nutrition along with the elimination of toxins from the body. “The energy drink…
UNICEF launches world’s first child-focused climate risk financing initiative
The United Nations’ Children’s Fund, UNICEF, on Wednesday launched a new child-focused initiative designed to increase countries’ disaster preparedness and better cope with future climate calamities. “We know more climate disasters are in the making. We just do not know where or when they will hit”, Karin Hulshof, UNICEF Deputy Executive Director for Partnerships, said….
Pakistani Bankers, Traders participate in Wenzhou Pump, Valve Fair
The representative of the National Bank of Pakistan and a large number of Pakistan traders and businessmen participated in Wenzhou International Pump and Valve Fair held in Zhejiang province of China.Pakistan Ambassador to China, Moin ul Haque addressed the audience via a video message at the opening ceremony. Chief Representative, National Bank of Pakistan (NBP),…
Investors urged to strengthen US-Pak economic partnerships
The momentum in the U.S.- Pakistan relations provides a window of opportunity to investors to strengthen economic partnerships between the two countries, Ambassador Masood Khan has said. Addressing members of the Pakistani-American community in Los Angles, he referred to “positive developments” in the bilateral ties, and said that the two countries’ leadership had decided to…
Petroleum prices to remain unchanged
The government has decided to keep the prices of petroleum products unchanged for second half of November 2022. Briefing media here on Tuesday, Minister for Finance Senator Ishaq Dar announced the government’s decision to keep the prices of Petrol, High Speed Diesel, Light Diesel, and Kerosene Oil unchanged for for next 15 days. The minister…
ECC allows continuation of PM relief package to KPK, approves funds for PSM gas supply
The Economic Coordination Committee (ECC) of the cabinet here on Tuesday allowed continuation of Prime Minister’s Relief Package (PMRA) and Sasta Atta Initiatives for Khyber Pakhtunkhwa through Utility Stores Corporation (USC) till June 30, 2023. The cabinet committee meeting was chaired by Federal Finances Minister Senator Mohammad Ishaq Dar. The committee approved PMRP) and Sasta…