Pakistans

Pakistan’s preferential access to EU trade is under threat after military court rulings – Trendy Blogger

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Pakistan’s preferential access to EU trade is under threat after military court rulings – Trendy Blogger

The European Union expressed concern over the sentence handed down by a military court in Pakistan to 25 civilians on December 21, describing the sentences as inconsistent with Pakistan’s obligations under international human rights conventions. In a statement, an EU spokesperson confirmed that Pakistan, as one of the beneficiary countries of the EU’s Generalized Additional … Read more

Opinion – Pakistan’s diplomatic dilemma in world affairs Trendy Blogger

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Opinion – Pakistan’s diplomatic dilemma in world affairs Trendy Blogger

Earlier this year, Guyanese President Irfaan Ali coached a BBC journalist, challenging the developed world’s double standards when asked about Guyana’s oil drilling plans amid a climate crisis. In a show of controlled anger, the president questioned the journalist about his right to lecture a country that has kept vast forests alive, for the benefit … Read more

The Senate committee said the NFC award changed Pakistan’s financial situation amid high-interest loans – Trendy Blogger

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The Senate committee said the NFC award changed Pakistan’s financial situation amid high-interest loans – Trendy Blogger

Federal Finance Minister Imdadullah Bhosal informed the Senate Standing Committee on Finance on Wednesday that the current National Finance Commission award has significantly distorted Pakistan’s fiscal position, pushing the federal government to rely on high-interest loans, some at interest rates as steep as 8%. According to a news report, in a press conference chaired by … Read more

The Minister highlights that maritime operations contribute only 0.5% to Pakistan’s GDP – Trendy Blogger

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The Minister highlights that maritime operations contribute only 0.5% to Pakistan’s GDP – Trendy Blogger

Islamabad: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday revealed that Pakistan’s naval operations contribute a modest 0.5% to the country’s GDP, which lags significantly behind the global average of 7%. Speaking at Kholi Kashahri at the PNSC building in Karachi, the Minister emphasized the huge untapped potential in the maritime industry. “Developed … Read more

Pakistan’s trade deficit will shrink by about 19% in November 2024 – Trendy Blogger

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Pakistan’s trade deficit will shrink by about 19% in November 2024 – Trendy Blogger

IslamabadPakistan’s trade deficit significantly shrank by 18.60% year-on-year in November 2024, falling to $1.589 billion from $1.952 billion recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS). Pakistan’s exports rose 8.98% year-on-year, to $2.804 billion in November 2024 from $2.573 billion in November 2023. Imports fell … Read more

Pakistan’s 5G auction faces spectrum and policy challenges – Trendy Blogger

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Pakistan’s 5G auction faces spectrum and policy challenges – Trendy Blogger

ISLAMABAD: National Economic Research Associates (NERA), a US-based consultancy hired by the Pakistan Telecommunication Authority (PTA), has identified major hurdles that could delay the rollout of 5G spectrum technology, scheduled for April 2025. NERA shared its preliminary findings with the advisory committee on Friday after a week of consultations with stakeholders. The committee, headed by … Read more

National Bank of Pakistan’s Diamond Jubilee Celebrations 75 years of unwavering excellence – Trendy Blogger

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National Bank of Pakistan’s Diamond Jubilee Celebrations 75 years of unwavering excellence – Trendy Blogger

KARACHI: Celebrations filled with unwavering dedication and lavish prestige marked the 75th anniversary of the National Bank of Pakistan (NBP). The event was held at the historic Mohatta Palace in Karachi, and was attended by dignitaries from the government, business community and clients from across the country. Mr. Rehmat Ali Hasni, Chairman, National Bank of … Read more

Pakistan’s IT exports can exceed $25 billion through better utilization of resources: PM – Trendy Blogger

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Pakistan’s IT exports can exceed billion through better utilization of resources: PM – Trendy Blogger

IslamabadPrime Minister Shehbaz Sharif said that Pakistan’s IT exports could exceed twenty-five billion dollars through betterExploiting resources and providing training and education to the workforce. He chaired a review meeting on reforms in the IT sector in Islamabad and directed the Higher Education Commission to draw up a roadmap for provisionEducation, training and skills of … Read more

Pakistan’s inflation rate is expected to decline further in November – Trendy Blogger

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Pakistan’s inflation rate is expected to decline further in November – Trendy Blogger

Islamabad: Pakistan’s inflationary trend is likely to decline further as the CPI-based figure is expected to fall below 5% in November, hitting a 78-month low, according to a Topline Securities report. The report said: “Pakistan CPI for November 2024 is expected to reach 4.5-5% y/y (+0.4% m/m), bringing the 5-year average of FY25 to 7.91% … Read more

IMF identifies flaws in Pakistan’s budget practices and calls for tighter fiscal controls – Trendy Blogger

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IMF identifies flaws in Pakistan’s budget practices and calls for tighter fiscal controls – Trendy Blogger

The IMF has identified significant problems in Pakistan’s budget preparation and implementation processes, revealing that deviations from the approved budget reached a record high of 55% in FY 2022-23 due to supplementary grants. The findings were outlined in the IMF’s technical assistance report on budget practices in Pakistan, emphasizing the need for stronger financial institutions … Read more