PM reaffirms govt’s desire to further strengthen ties with United States
U.S. companies would explore the investment opportunities, particularly to tap the vast potential for investment in Pakistan’s information technology sector Caretaker Prime Minister Anwaar-ul-Haq Kakar reaffirmed the government’s desire to further strengthening bilateral cooperation with the United States in the key areas including trade and investment, energy, security, and climate change. He was talking to…
Adil Aziz
Kristin Hawkins assumes charge as new US consul general Lahore
The newly-appointed United States (US) Consul General to Lahore Kristin K. Hawkins assumed charge of her duties at the US consulate. Ms. Hawkins succeeded William K. Makaneole in the role. A career member of the US foreign service, she is the 34th consul general in Lahore consulate. Most recently, she served as the coordinator for…
United Nations organizes second of 12 dialogues on sustainable development in Multan
four topics chosen by the participants ahead of the event: the cost of gender-based violence; food insecurity; access to basic social services with a focus on water, sanitation and hygiene; and youth employment The United Nations in Pakistan along with the district administration of Multan organized a dialogue with local leaders on Sustainable Development Goals…
Sialkot’s leather industry; major contributor in Pakistan’s exports: Adnan Mehmood Awan
Deputy Commissioner Adnan Mehmood Awan has said that Sialkot’s leather industry has a major contribution in Pakistan’s exports. Deputy Commissioner Adnan Mehmood Awan has said that Sialkot’s leather industry has a major contribution in Pakistan’s exports. An annual foreign exchange earner of one billion dollars, the leather industries in Pakistan had the potential for immense…
Commerce Ministry & FBR to introduce track, trace system for transparent cotton trade
The Ministry of Commerce and Federal Board of Revenue collaborated to introduce track and trace system for transparent cotton trade. The development took place in a meeting of Malik Amjad Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), with Dr. Gohar Ejaz, the Caretaker Federal Minister for Commerce, Industries and Production, said by…
SBP issues commemorative coin to mark 75 years of Pak-US diplomatic relations
The State Bank of Pakistan issued a commemorative coin to mark the 75th anniversary of the establishment of diplomatic relations between Pakistan and the United States of America. The Rs 75 coin will be available at the exchange counters of SBP Banking Services Corporation from August 25, 2023. The commemorative coin was issued in a…
BRICS to welcome six new members, a ‘historical milestone’
The BRICS countries welcomed six new members from three different continents marking a historical milestone that underscored the solidarity of BRICS and developing countries and their determination to work together for a better future, officials and experts said. They stated that the expansion of the BRICS, as a new starting point for multilateral cooperation, will…
Standard Chartered Bank posts record profit before tax of Rs 38.1Billion
Standard Chartered Bank (Pakistan) Limited said in a statement that it has delivered a record profit before tax of PKR 38.1 billion for H123, registering an increase of 73 per cent year on year. Profit after tax grew by 132% year on year to PKR 18.8 billion during the first half of the year. Performance…
EU Ambassador, Commerce Minister discuss trade enhancement, export goals
Dr. Riina Kionka, Ambassador of European Union to Pakistan, called on Dr. Gohar Ejaz, Caretaker Federal Minister for Commerce & Industries, in Ministry of Commerce and congratulated him for assuming this important portfolio. Commerce Minister appreciated the unilateral trade concession of GSP Plus to Pakistan by EU, which is of great importance to Pakistan export…
Sandwich chain Subway agrees to sell itself to Roark Capital
SANDWICH chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday (Aug 24), amid its struggles with intensifying competition and rising costs. The terms of the deal were not disclosed, but Reuters reported earlier this week that Roark was in the lead to acquire the privately held…