Federal Minister of Finance Senator Muhammad Aurangzeb left for Hong Kong on Saturday to participate in the 18th Asian Financial Forum. The visit aims to strengthen engagement with financial institutions and government officials across Asia, according to a press release issued by the Ministry of Finance. Aurangzeb is scheduled to deliver a speech at the … Read more
Ambassadors meeting the Asian Film Academy Awards (AFAA) exploited the actor Dean Fujioka As an ambassador for the upcoming 18th edition, alongside four young ambassadors from their fellow actors – Ukbap Shotemon (Thailand), Austin Lane (Taiwan), Lu Chun Yip (Hong Kong) and Okada Masaki (Japan). Fujioka, known for “Fullmetal Alchemist” and winner of Best Actor … Read more
PayPal has been sued by Nisha Desai, an Asian American businesswoman, who claims the company’s $535 million investment program unfairly limits funding to Black and Latino applicants. Desai, in cooperation with her New York-based venture capital firm Andaf Capital, filed the lawsuit on Thursday in Manhattan federal court. Desai said she applied to PayPal’s program, … Read more
Nazira Azzam Washington, D.C.: Richmond, Virginia – Virginia Governor Glenn Youngkin has appointed Mansoor Qureshi, a prominent Pakistani-American businessman and community leader, to the Virginia Asian Advisory Board (VAAB).In his new capacity, Qureshi will advise Governor Youngkin on critical issues impacting the Asian American and Pacific Islander (AAPI) communities. His role will also focus on … Read more
Pakistan and the Asian Development Bank (ADB) have signed a loan agreement worth US$330 million for additional financing of the Integrated Social Protection Development Program (ISPDP). According to a press release issued by the Department of Economic Affairs on Saturday, this program builds on an existing ADB-funded initiative aimed at strengthening and expanding social protection … Read more
ISLAMABAD: Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $500 million loan agreement for the Climate and Disaster Resilience Enhancement Program (CDREP) to strengthen the country’s resilience in the face of disasters caused by natural hazards and the impacts of environmental crises. The program aims to strengthen Pakistan’s institutional capacity for planning, … Read more
Pakistan will need more than $390 billion in additional investments by 2050 to transition toward low-carbon energy solutions, including switching from coal to gas in industries, electrifying transportation, and replacing gas with electricity for cooking, according to a recent report by the Organization of Islamic Cooperation. . Asian Development Bank (ADB). The report, titled “Pakistan’s … Read more
This aerial view shows a residential area flooded with water after heavy monsoon rains in Balochistan province on August 29, 2022. — AFP The loan was approved under the Disaster and Climate Resilience Strengthening Plan. CDREP to increase overall investment in disaster risk reduction. Pakistan is among the countries most vulnerable to climate change in … Read more