Pakistan’s fruits, vegetable export to China crosses $54 Million in Jan-Sept 2022
Pakistan’s fruits and vegetable export to China topped $54.34 million, witnessing a massive increase in the month of January-September year-on-year. Imports of dried leguminous vegetables (commodity code 07139090), amounted to $6.17 million, with imports totaling more than 4,040 tons in the January-September period, compared with $3.97 million in the same period last year. Ahmed Raza,…
Adil Aziz
Planned oil refinery in Gwadar to open new chapter of development
Gwadar, the engine room of the China-Pakistan Economic Corridor (CPEC), is set to be the recipient of a $4.5 billion oil refinery as a Chinese firm has laid down a plan to build an oil refinery with an annual processing capacity of 8 million tons. The Chinese entry came at a time when uncertainty was…
Pakistan exported textile products worth $5.941 Billion in 4 months
The textile exports from the country reached to $5,941.099 million during the first four months of the current fiscal year (2022-23). The textile exports showed a decline of 1.34 percent during the period under review when compared to the exports of $6,021.813 during the same period of last year (July-October 2021-22). The textile products that…
MMBL, U Microfinance Bank sign MoU to offer Housing Finance Solutions for their Employees
Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, and U Microfinance Bank Ltd. (U Bank), Pakistan’s fastest-growing microfinance bank, have entered into a strategic partnership for providing housing finance facility for their employees. The MoU was signed between Ghazanfar Azzam, President & CEO – MMBL, and Kabeer Naqvi, President & CEO – U Microfinance…
Govt making efforts to resolve issues of telecom industry: Amin
Federal Minister for IT and Telecommunication Syed Amin Ul Haque said the government was making all possible efforts to resolve the issues of the telecom industry as the economic stability of the country was linked to uplift of it. “We are well aware of the departmental issues confronted by the country’s telecom industry, and struggling…
IMF to consider targeted assistance for poor, flood-hit people
The International Monetary Fund (IMF) has indicated its willingness to sympathetically view the targeted assistance for poor and vulnerable, especially flood affected people of Pakistan. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held an online meeting with IMF Mission Chief for Pakistan, Nathan Porter. The two sides discussed the progress made with…
Need stressed to curb smuggling, illicit trade in counterfeit products
The Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) demanded the government that smuggling and illicit trade in counterfeit products needs to be curbed without further delay to protect the organised industry and consumers. Talking to a delegation of industrialists and traders led by Chaudhary Ghulam Mujtaba MD Vital Tea, UBG…
Pakistan’s annual GDP can fall 18-20% by 2050 due to climate change risks: World Bank
Pakistan’s annual Gross Domestic Product (GDP) is at risk of fall by 18 to 20 percent by 2050 due to the combined risks from intensification of climate change and environmental degradation in the country, if the climate change issues are left unaddressed. “The combined risks from the intensification of climate change and environmental degradation, unless…
Pakistan is an ideal destination for U.S. investors and businesses
Pakistan has taken a number of steps to enhance the ease of doing business, Ambassador Masood Khan has told Pakistani-American businessmen in Los Angeles, California, urging them to become part of the country’s economic transformation. “Pakistan is an ideal destination for U.S. investors and businesses due to its unique geo-economic position and impressive demographic cohorts”,…
US launches initiative to enhance U.S-Pakistan bilateral trade
In honor of Global Entrepreneurship Week, U.S. Ambassador Donald Blome, joined by the Minister of State for Finance and Revenue, Dr. Ayesha Ghaus Pasha, formally launched a United States government-led initiative to enhance U.S.- Pakistan bilateral trade. The United States has long been Pakistan’s largest export market, with potential for further growth. According to the…