Pakistan’s IT industry receives huge turnout at GITEX Global 2024, Dubai Farzana Mansour Dubai (United Arab Emirates): Ambassador Faisal Niaz Tarmizi, Pakistan’s envoy to the UAE, chaired a meeting on Thursday at the Dubai World Trade Center to review the performance of Pakistani exhibitors participating in GITEX Global 2024. The IT sector has received significant … Read more
In this photo, the State Bank of Pakistan building in Karachi can be seen. – SBB/website Macroeconomic conditions in Pakistan improved during FY 2023-24 due to a range of reasons, including successful engagement with the IMF. In its annual state of Pakistan’s economy report for the fiscal year 2023-24, the State Bank of Pakistan (SBP) … Read more
A man walks past the International Monetary Fund logo at its headquarters in Washington, United States, May 10, 2018. — Reuters Pakistan’s ability to repay its debts depends on certain factors: International Monetary Fund. The International Monetary Fund says Pakistan needs to repay $18.8 billion in foreign debt this year. Global Lender Sponsored Program Fully … Read more
View of the World Bank building. – Reuters/File The World Bank report expects the GDP growth rate to reach 2.8% in Pakistan. Business confidence is likely to improve after the credit rating upgrade. Pakistan’s lack of trade openness is hurting exports, the report says. ISLAMABAD: In its report titled “Pakistan’s Development Modernization: Dynamics of Power … Read more
On Thursday, the US State Department imposed sanctions on a Chinese research institute and several companies it said were involved in supplying Pakistan’s ballistic missile program. Likewise, Washington targeted three China-based companies with sanctions in October 2023 for supplying materials that could be used in missile manufacturing to Pakistan. Ministry spokesman Matthew Miller said in … Read more