Fiscal, monetary policy direction imperative for sustainable economic growth: Dar
Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar on Saturday stressed that fiscal and monetary policy coordination is imperative for sustainable and effective economic growth. Finance Minister Ishaq Dar shared about fiscal measures being undertaken for economic revival of the country. The governor State Bank of Pakistan (SBP) Jameel Ahmad called on Federal…
Adil Aziz
Strategic business plan prepared to revamp PIA: Khawaja Saad Rafique
Minister for Aviation Khawaja Saad Rafique on Friday informed Senate that a strategic business plan has been prepared to enhance revenues of Pakistan International Airlines. Responding to the questions of Senators during question hour in Upper House of Parliament, he stressed political stability and continuity in policies to achieve the long-term goals. He said reform…
International inflation, floods minimize economic outlook for FY 2023
In the backdrop of international price-hike and recent exceptional floods, the economic outlook for Pakistan in the current fiscal year (2022-23) is likely to remain below the target, says ‘Economic Update and Outlook for September 2022’ released by finance ministry. “The economic outlook for Pakistan in the current fiscal year has become uncertain and will…
HBL clarifies news item
• We are aware of the news item published by Bloomberg.• The allegations in the complaints are meritless, and HBL is contesting them fully and vigorously.• The public record is clear that HBL is unwavering in its commitment to combating the financing of terrorism, and—as has been well documented—its extensive global implementation of anti-money laundering…
ADB to mobilize over $2 Billion to support Pakistan’s post-flood relief measures
The Asian Development Bank (ADB) will approve funding of over US$2 billion to support Pakistan’s post-flood relief and resilience activities by end of current year, ADB Director General for Central and West Asia Eugene Zhukov told a virtual press conference from Manila on Thursday. Expressing sympathies and grief over the huge devastation caused by the…
Seafood exports jump 52 % to $37.9 million in 2 months
The exports of fish and fish preparations increased by 52.07 percent during the first two months of the current fiscal year as compared to the corresponding period of last year. The seafood exports during July-August (2022-23) were recorded at US $37.941 million against the exports of US $24.949 million in July-August (2021-22), showing growth of…
Meta’s Annual Marketing Summit is coming to Pakistan to help businesses get future-ready
Meta is expanding its annual Marketing Summit on Thursday, 29 September 2022 to more countries in Asia Pacific this year, which includes Pakistan, Bangladesh, Cambodia, Laos and Sri Lanka. The Summit will bring together global and regional leaders to explore and discuss technologies and trends impacting our businesses today, such as Business Messaging, Metaverse &…
Chinese entrepreneurs united to invest SEZs in Punjab
Pakistan has one of the most free trade and investment regimes in the world and is likely the most free one in South Asia. The establishment of Special Economic Zones (SEZs) is a flagship initiative of the Pakistani government to attract Foreign Direct Investment (FDI). Pakistan attaches high importance to its trade and investment relations…
Pakistan, EU agree on multifaceted development cooperation
Pakistan and European Union (EU) have agreed on multifaceted development cooperation agenda in smart agriculture, economic growth, sustainable infrastructure, technical and vocational education, climate and green development, digital transformation, health, and several other sectors. The was unfolded during the 12th annual meeting of the sub-group on development cooperation of the Pakistan-EU Joint Commission at the…
Now ABHI lets you pay your utility bills before you get your salary
Have you ever found yourself stuck in a situation where you received your bills before you got your salary or had to bear the late fees because you got your salary after the due date was passed? Then ABHI has brought Pakistanis a unique solution, where they can pay their bill from their earned but…