Pakistan, Kazakhstan to broaden ties in field of Science and Technology
Federal Minister for Science and Technology, Agha Hassan Baloch and the Ambassador of the Republic of Kazakhstan, Yerhan Kistafin in a meeting held here Tuesday reaffirmed their firm resolve to broaden ties in the field of Science, Technology, Innovation and Research. They discussed various measures to strengthen the bilateral ties of brotherly states in areas…
Adil Aziz
UK announces project for Pakistan’s climate finance accelerator initiative
The UK has announced that seven innovative low-carbon projects from across Pakistan will be part of the first cohort of projects for the Climate Finance Accelerator (CFA), Pakistan. The chosen projects, selected from over 50 applications, were from the energy, transportation, Agriculture, Forestry and other Land Uses (AFOLU), waste, e-mobility, and industrial and manufacturing sectors….
Jubilee Life Insurance wins Asia Money Award 2022
Jubilee Life Insurance, the largest private sector insurer in Pakistan, has extended its list of notable acknowledgments with Asia Money Award 2022. Asia Money is a prestigious platform that adjudges financial performance of companies on a set of strict criteria to ascertain the most outstanding companies in various countries. Jubilee Life Insurance is the first…
ECNEC approves modified PC-1 for ML-1 project worth $9.85 Billion
The Executive Committee of National Economic Council (ECNEC) on Monday considered and approved in principle Ministry of Railways modified PC-1 for up-gradation of Pakistan Railways existing Main Line-1 (ML-1) project at the total cost of US$ 9,851.079 million subject to recommendation of cost, technical details and preferably an equity participation financial model. Main Line -1…
PSX witnesses bullish trend, gains 124 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 124.32 points, a positive change of 0.30 percent, closing at 41,264.66 against 41,140.34 points on the last working day. A total of 97,476,761 shares were traded during the day as compared to 177,761,063 shares the previous day, whereas the price of…
Faysal Bank delivers exuberant performance – registers PKR 1 Trillion landmark
FBL achieved the landmark of Rs. 1 Trillion mark in Balance Sheet footings with a record Profit Before Tax of Rs. 15.0 billion, 51% higher than the corresponding period last year. The Board of Directors of Faysal Bank Limited (FBL), in their meeting held on October 27, 2022, approved the financial statements of the Bank…
PM to announce special package for rehabilitation of agriculture sector
Prime Minister, Shehbaz Sharif is all set to announce a special package for rehabilitation of agriculture sector and provision of employment to farmers in the flood-hit areas of the country. The package has been prepared with the recommendations of ministries of National Food Security and Research and Finance and Revenue on directions of the prime…
Tetra Pak reiterates its commitment to sustainability at the Euro Village 2022
Tetra Pak asserted its commitment towards sustainability and ensuring a greener environment at the Euro Village 2022 gala recently organized by the European Union in Islamabad. Participating at the Euro Village 2022 event served as an ideal opportunity for Tetra Pak to highlight its approach to sustainability which is shaped by its promise of protecting…
ECC allows TCP to import Urea, Wheat
The ECC meeting presided over by Finance Minister Ishaq Dar on Friday has approved Ministry of Commerce summary to suspend the date of implementation of IPO 2022 regarding import of timber and wood till 31st March, 2023. The meeting was informed that All Pakistan Timber Traders Association (APTTA) requested for extension in the date of…
Pakistan needs over $16 Billion for post flood reconstruction: Report
Pakistan needs at least US$16.3 billion for rehabilitation and reconstruction in a resilient way to support the country’s adaptation to climate change and overall resilience of the country to future climate shocks. The assessment estimates total damages to exceed $14.9 billion, and total economic losses to reach about USD 15.2 billion. The report shows that…