Mohammad Rizwan has been announced as Pakistan’s new white-ball captain, and his first assignment will be the ODI and T20I series against Australia next month. The team marks the return of Babar Azam, Shaheen Shah Afridi and Naseem Shah. The trio, absent from Pakistan’s last two Tests against England, are back in both white-ball formats. … Read more
Pakistan’s IPO market witnessed a strong recovery in 2024, with five IPOs raising PKR 8.4 billion, reflecting renewed investor confidence amid improving economic conditions. According to a report by Arif Habib Limited, key economic indicators such as downward inflation trend, monetary easing, stable currency and $7 billion IMF Expanded Financing Facility have collectively created a … Read more
A liquefied natural gas (LNG) tanker is towed towards a thermal power plant. – Reuters/File Official says Pakistan will get LNG cargoes in 2026 after rescheduling Official: “The authorities are trying to postpone the import of 13 additional shipments of liquefied natural gas.” Pakistan imports 108 LNG cargoes from Qatar under two GtG agreements. ISLAMABAD: … Read more
Islamabad: National Assembly Speaker Asad Qaiser on Saturday asked Balochistan parliamentarians and public representatives to propose solutions to the social and economic problems faced by the province and its people. Qaiser, who chaired the first meeting of the Special Parliamentary Committee on Balochistan at Parliament House, said the CPEC started from Gilgit-Baltistan and culminated in … Read more
Finance Minister Muhammad Aurangzeb said Reuters Pakistan is targeting about $1 billion in a formal request for financing from the International Monetary Fund facility that helps manage external shocks. “We have formally requested consideration of this facility,” Aurangzeb said in an interview on the sidelines of the fall meetings of the International Monetary Fund and … Read more
Entrance to the Ministry of Foreign Affairs in Islamabad. – AFP/File Pakistan condemned the deadly attack in Türkiye on Wednesday that killed at least five people, describing it as a cowardly act. The attack occurred at the headquarters of the Turkish Aerospace Industries Company near Ankara, where two attackers killed five people and injured 22 … Read more
Power generation in Pakistan fell to 12,487 GWh in September 2024, representing a 6% decline year-on-year compared to 13,339 GWh produced in the same month last year. On a monthly basis, power generation fell 5.3% from August’s total of 13,179 GWh. Experts attributed the decrease in production to weak economic conditions, as well as an … Read more
KARACHI: The Pakistan Branch of the UK Maritime Institute is pleased to announce the unanimous election of Captain Syed Muhammad Farid Masood as its new President, a press release said. Recognition of Exceptional Achievement: Captain Masoud’s impressive qualifications and outstanding contributions to the maritime industry have earned him this prestigious position. His notable achievements include: … Read more
IslamabadPakistan and Indonesia have taken important steps to strengthen their trade relations, thanks to the efforts of the Private Investment Facilitation Council (SIFC). At the recent trade fair in Indonesia, the two countries signed several trade agreements and memorandums of understanding between companies with a total value of $10.7 million. These agreements cover a variety … Read more
Abu Dhabi (UAE): Pakistan Business Professionals Council (PBPC) Abu Dhabi held its Annual General Meeting (AGM) at the Abu Dhabi Chamber of Commerce and Industry recently. A press release stated that the conference was attended by a large majority of its corporate and individual members.Pakistan’s Ambassador to the UAE, Faisal Niaz Tarmzi, chaired the annual … Read more