foreign

Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

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Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

Remittances from overseas Pakistanis exceeded export earnings during the first half of fiscal year 2024-25, highlighting a shift in foreign exchange inflows despite the government’s efforts to boost exports. According to data issued by the State Bank of Pakistan, remittances amounted to $17.645 billion, exceeding exports of $16.561 billion, a difference of $1.084 billion. In … Read more

Minister highlights foreign investment in Pakistani ports and shipping sector – Trendy Blogger

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Minister highlights foreign investment in Pakistani ports and shipping sector – Trendy Blogger

KARACHI: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday said that significant foreign investments are being channeled into Pakistan’s ports and shipping sector, making the country a regional trade hub. “Maersk Line, Dubai Port and Abu Dhabi Ports have shown interest in investing in Pakistani ports, while Hutchison Ports is planning additional investments … Read more

A foreign company is seeking government assistance to enforce a $7 million arbitration award against a Pakistani energy company – Trendy Blogger

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A foreign company is seeking government assistance to enforce a million arbitration award against a Pakistani energy company – Trendy Blogger

Frontier Holdings Ltd (FHL), a foreign oil and gas exploration company, has written to the Petroleum Department requesting intervention to implement an international court ruling against Petroleum Exploration (Pvt) Ltd (PEL), a local energy company. According to a news report, the letter, sent to the Petroleum Division’s Director General of Petroleum Concessions, highlights FHL’s victory … Read more

Foreign Minister Aurangzeb leaves to attend the 18th Asian Financial Forum in Hong Kong – Trendy Blogger

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Foreign Minister Aurangzeb leaves to attend the 18th Asian Financial Forum in Hong Kong – Trendy Blogger

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

India’s foreign currency reserves fell to a 10-month low as rupee pressure mounted – Trendy Blogger

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India’s foreign currency reserves fell to a 10-month low as rupee pressure mounted – Trendy Blogger

Mumbai: India’s foreign exchange reserves fell for the fifth straight week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India (RBI) showed on Friday. Reserves decreased by $5.7 billion in the aforementioned week, after declining by a cumulative amount of $17.8 billion in the previous three … Read more

Feminist foreign policy places greater emphasis on ending gender-based violence as key to national security Trendy Blogger

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Feminist foreign policy places greater emphasis on ending gender-based violence as key to national security Trendy Blogger

Gender-based violence has affected an estimated 736 million women worldwide, and ending it must therefore be a key aspect of a country’s domestic and foreign policy. Every year, from November 25 to December 10, advocates and governments around the world celebrate 16 days of activism against gender-based violenceto highlight the devastating impact of gender-based violence … Read more

Pakistan’s foreign exchange reserves declined by $261.2 million – Trendy Blogger

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Pakistan’s foreign exchange reserves declined by 1.2 million – Trendy Blogger

Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more

Telecom sector investment and foreign direct investment decline amid economic challenges: PTA report – Trendy Blogger

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Telecom sector investment and foreign direct investment decline amid economic challenges: PTA report – Trendy Blogger

Islamabad: Pakistan’s telecommunications industry faced significant setbacks in foreign direct investment (FDI), contributions to the national exchequer, and overall investments during fiscal year 2023-2024, highlighting the broader economic challenges facing the country. According to the annual report released by the Pakistan Telecommunication Authority (PTA) on Monday, foreign direct investment in the sector fell by 21% … Read more