In response to a report he published The Express Tribune and Monitored by This writer On Friday, the Ministry of Economic Affairs issued a statement. According to the ministry, the report published by the media indicated the cancellation of a loan that was not approved by the World Bank’s Board of Directors or signed by … Read more
Karachi: President Asif Ali Zardari on Thursday called on China to invest in various sectors of the Pakistani economy. President Zardari made the remarks while speaking to a Chinese business delegation headed by Yang Yundong, Chinese Consul General in Karachi. The President said that this will enhance trade and economic relations between the two brotherly … Read more
Special report Dubai: The historic inaugural presentation of the Cambridge Lifetime Achievement Award 2024 saw the award of the prestigious Banking Leadership Award to Justice Dr Syed Muhammad Anwar of the Federal Sharia Court of Pakistan recently. This honor comes in honor of his pivotal contributions to Islamic finance, especially his instrumental role in the … Read more
Dubai: The UAE has revealed an important step towards economic diversification and sustainability with the launch of XRG, an investment company focused on low-carbon energy and chemicals. This was announced by UAE President Sheikh Mohammed bin Zayed Al Nahyan, on Wednesday, according to the Emirates News Agency (WAM). XRG is preparing to play a pivotal … Read more
Saudi Arabia is hosting the 2024 Indian Premier League (IPL) players’ auction in Jeddah, marking the kingdom’s first major foray into cricket. The two-day event is expected to see franchise teams spend upwards of Rs 600 crore ($71 million), adding to the Indian Premier League’s reputation as one of the most lucrative shows in sports. … Read more
The International Monetary Fund has urged Pakistan to take steps to reduce state intervention in the economy and enhance competition, which will help promote dynamic private sector development. The IMF mission led by Mr. Nathan Porter concluded its staff visit to Pakistan from 12 to 15 November 2024. During the visit, the IMF team met … Read more
The Chinese national flag appears in front of the Central Financial District on Chinese National Day in Hong Kong, China on October 1, 2022. – Reuters The move would raise “the maximum local government debt by six trillion yuan.” The debt ceiling is scheduled to be raised every year from 2024 to 2026. A total … Read more
Members of the Pakistan Navy stand guard near a ship carrying containers at Gwadar port, about 700 kilometers west of Karachi, during the opening ceremony of a pilot trade program between Pakistan and China on November 13, 2016. — AFP The monthly deficit also decreased by 17.7% from $1.82 billion. Exports showed strong monthly growth, … Read more