Ishaq Dar holds meeting with Daraz delegation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with a delegation of Daraz led by its Managing Director (MD) Ehsan Saya. Special Assistant to the Prime Minister on Finance Tariq Bajwa and other senior officers from Finance Division participated in meeting The delegation expressed gratitude to the finance minister, shared…
Adil Aziz
President for improving Pakistan’s IT ecosystem to facilitate growth
President Dr Arif Alvi urged the need to facilitate the expansion and growth of Pakistan’s Information Technology (IT) sector. He said that an informed and dynamic leadership was needed to take steps to facilitate IT businesses, improve Pakistan’s IT eco-system, and provide a conducive environment to budding entrepreneurs in the field of IT and emerging…
Majid Al Futtaim expands its retail footprint in Pakistan
The leading retailer has launched its first health and beauty concept store myli, at two locations in Lahore Work is underway to open Carrefour’s 11th Pakistani store, boosting Majid Al Futtaim’s current investment in the country to PKR 11 billion. Majid Al Futtaim – the leading shopping mall, communities, retail and leisure pioneer across the…
Friesland Campina brings Dutch farmers to Pakistan under Farmer2Farmer initiative
Karachi: To aid knowledge transfer and best practice sharing in line with its Dairy Development Program (DDP), FrieslandCampina Pakistan invited certified dairy farmers from the Netherlands to train and advice Pakistani farmers on best dairy farming practices. Under the Farmer2Farmer initiative, 2 Dutch farmers, Petrus Adrianus and Gerhard Herman, visited FCEPL factory and partner farms…
ECC approves bids for import of 580,000 MT wheat
The Economic Coordination Committee (ECC) of the cabinet approved lowest bids of two companies for import of 580,000 metric tons wheat through Karachi and Gwadar ports. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting, according to press statement issued by the finance ministry here. Keeping in view results of…
Pakistan to get crude oil, petrol, diesel from Russia on discounted price: Musadiq
Minister of State for Petroleum Dr Musadik Malik termed his recent visit to Russia ‘very successful’ as the host country, in principle, had decided to provide crude oil, refined petrol and diesel to Pakistan at a discounted rate. “In addition, negotiations with private sector companies of Russia have been initiated for procurement of Liquefied Natural Gas…
Global food prices overall hold steady in November: FAO
World food commodity prices remained largely steady in November, with declining international prices of cereals, meat and dairy products offsetting increasing quotations for vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO), a Rome-based UN agency. The FAO Food Price Index, which tracks monthly changes in the international…
KSA extends term for a $3 billion deposit in the State Bank of Pakistan through SFD in support of the Pakistani economy
In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud – may Allah protect him; the Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of 3 billion dollars to the State Bank of…
Conference on Role of Banking Sector in Business and Economic Growth of Pakistan
National Institute of Banking and Finance (NIBAF) in collaboration with the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) conducted a conference on “Role of the Banking Sector in Business and Economic Growth of Pakistan” on December 2nd, 2022 at Marriott Hotel, Karachi. This full day event focused on the emerging challenges, opportunities…
Faysal Bank and Bank of Khyber, partner to offer Innovative Financial & Digital Payment Services
Faysal Bank Limited (FBL) and Bank of Khyber have partnered to launch a suite of digital financial services featuring virtual & debit card services along with added digital payment solutions. Faysal Bank through its Fintech Express Program is driven by creating partnerships with Banks and Fintech to further encourage State Bank of Pakistan’s (SBP) financial…