Finance Minister Muhammad Aurangzeb announced that Pakistan is preparing to issue Eurobonds to secure foreign financing in the fiscal year 2025-2026, subject to the expected upgrade of the country’s credit rating to ‘B’ category by global rating agencies. Speaking at the launch of the ‘Electronic Mortgage Registry’ by the Securities and Exchange Commission of Pakistan, … Read more
A polio health worker administers polio drops to a child during a polio vaccination campaign aimed at eradicating polio in the provincial capital. – Agence France-Presse This is the second polio case reported in Saifullah Fort in 2024. Pakistan is one of the only two countries in the world where polio is prevalent. Vaccine misinformation … Read more
Islamabad: In a positive development for the Pakistani economy, the State Bank of Pakistan (SBP) has hinted that remittances for October 2024 are expected to reach or exceed $3 billion. This trend, revealed during the Monetary Policy Committee’s recent briefing, is expected to significantly reduce the current account deficit to negligible levels. The expected remittance … Read more
Islamabad: The World Bank’s $213 million Integrated Flood Resilience and Adaptation Project (IFRAP) is gearing up for restructuring to promote rapid disbursement of funds for resilient housing reconstruction and restoration efforts in Pakistan. Official documents state that the IFRAP, signed on July 3, 2023, aims to revive and improve the livelihoods of communities affected by … Read more
The 14-year-old boy, a resident of Skardu, was kept in an isolation center where he tested positive for coronavirus. The second case of coronavirus emerged in Gilgit-Baltistan on Wednesday, taking the total confirmed cases in Pakistan to 20. The 14-year-old boy, a resident of Skardu, was kept in an isolation center where he tested positive … Read more
Federal Minister for Information and Broadcasting Ataullah Tarar addresses a press conference in Islamabad on November 1, 2024. – Screengrab via Geo News The two sides agree to enhance cooperation in multiple sectors: “Qatar honors the Prime Minister by organizing a special exhibition in Pakistan” The Minister refers to a development milestone in the Prime … Read more
Islamabad: In a major corporate shift, the Board of Directors of Shell Pakistan Limited (SHEL) has approved the renaming of the company to Wafi Energy Pakistan Limited. This decision comes in the wake of Wafi Energy Holding Limited’s acquisition of an additional 22,165,837 ordinary shares in SHEL, representing approximately 10.36% of the company’s total issued … Read more
Prime Minister Shehbaz Sharif (centre) and Saudi Investment Minister Khalid bin Abdulaziz Al-Falih, among others, speak at a joint press conference on the sidelines of the eighth edition of the Future Investment Initiative (FII) in Riyadh, October 30, 2024. – PID The number of memorandums of understanding increased after the meeting between the Prime Minister … 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
Afghan Chargé d’Affaires Mawlawi Sardar Ahmad Shakib in this undated photo. – Embassy of Afghanistan in Islamabad The China-Pakistan Economic Corridor has created many opportunities for the region: Diplomatic. He says that Kabul’s participation in the Belt and Road Initiative brings the countries of the region closer together. Shakib delivers a seminar at the Institute … Read more