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CDWP approves and forwards 15 development projects worth Rs422.704 billion – Trendy Blogger

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CDWP approves and forwards 15 development projects worth Rs422.704 billion – Trendy Blogger

The Central Development Work Party (CDWP), headed by Planning, Development and Special Initiatives Minister Ahsan Iqbal, approved 15 development projects worth Rs422.704 billion during its meeting on Sunday. Of these projects, six projects worth Rs17.95 billion were directly approved, while nine projects worth a total of Rs404.754 billion were referred to the Executive Committee of … Read more

The National Assembly informed that 43 projects worth US$24,703 have been completed under the China-Pakistan Economic Corridor. – Trendy Blogger

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The National Assembly informed that 43 projects worth US,703 have been completed under the China-Pakistan Economic Corridor. – Trendy Blogger

The Ministry of Planning, Development and Special Initiatives informed the National Assembly that 43 projects worth $24.703 billion have been completed under the China-Pakistan Economic Corridor (CPEC), while eight projects worth $759.56 million are currently being implemented. In response to a question from Tahira Aurangzeb during the Question Hour, officials from the Planning Ministry highlighted … Read more

The government is retiring debt worth Rs 1.9 trillion amid revenue growth and low inflation – Trendy Blogger

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The government is retiring debt worth Rs 1.9 trillion amid revenue growth and low inflation – Trendy Blogger

The government announced the retirement of 1.9 trillion rupees of debt, supported by record high revenues from the Petroleum Development Levy (PDL) and big profits from the State Bank of Pakistan (SBP), driven by high interest rates and low inflation. . According to the Ministry of Finance’s monthly economic update and outlook (November 2024), the … Read more

OpenAI allows $1.5 billion worth of stock to be sold to SoftBank – Trendy Blogger

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OpenAI allows .5 billion worth of stock to be sold to SoftBank – Trendy Blogger

OpenAI, the owner of ChatGPT, the Microsoft-backed AI startup, began selling shares worth $1.5 billion on Wednesday to its employees in a new tender offer for Japanese conglomerate SoftBank, according to a report in Reuters citing sources. SoftBank CEO Masayoshi Son, keen to expand his stake in the AI ​​leader, plans to invest through Vision … Read more

Mughal Energy Company Limited announces the issuance of Sukuk worth INR 2.5 billion – Trendy Blogger

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Mughal Energy Company Limited announces the issuance of Sukuk worth INR 2.5 billion – Trendy Blogger

Islamabad: Mughal Energy Company Limited announced plans to issue sukuks worth 2.5 billion rupees, after its board of directors approved amending the terms and structure of the issuance. The company disclosed this development to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, the sukuk will be offered to the company’s existing shareholders … Read more

SBP shuts down NBP branch over fake notes worth Rs. 2 million – Trendy Blogger

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SBP shuts down NBP branch over fake notes worth Rs. 2 million – Trendy Blogger

Hafizabad: The State Bank of Pakistan (SBP) has closed the Hafizabad branch of the National Bank of Pakistan (NBP) after counterfeit notes totaling Rs. 2 million found. The counterfeit currency was deposited through a private bank, raising major concerns about oversight of banking procedures. As a result of this serious error, the SBP imposed Rs. … Read more

Pakistan and Indonesia enhance trade relations with agreements worth $10.7 million – Trendy Blogger

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Pakistan and Indonesia enhance trade relations with agreements worth .7 million – Trendy Blogger

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

Boeing announces the layoff of 17,000 employees, recording losses worth $5 billion in the third quarter – Trendy Blogger

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Boeing announces the layoff of 17,000 employees, recording losses worth billion in the third quarter – Trendy Blogger

A strike banner hangs from a position near a Boeing sign as Boeing factory workers and supporters gather in a picket line during the third day of the strike near the entrance to Boeing’s production facility in Renton, Washington, US on September 15, 2024. – Reuters Global aerospace giant Boeing announced it will cut 17,000 … Read more

Memorandums of understanding worth $2 billion are expected to be signed with the arrival of a high-level Saudi delegation in Pakistan – Trendy Blogger

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Memorandums of understanding worth billion are expected to be signed with the arrival of a high-level Saudi delegation in Pakistan – Trendy Blogger

Petroleum Minister Musaddiq Malik receives a Saudi delegation upon its arrival in Islamabad on October 9, 2024. – Screengrab via Geo News A Saudi minister delivers a speech before the Business Forum during the visit Agreements and memorandums of understanding to be signed in various fields. Companies from various sectors are part of the delegation. … Read more

Pakistan obtains loan commitments worth $3.2 billion from foreign creditors – Trendy Blogger

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Pakistan obtains loan commitments worth .2 billion from foreign creditors – Trendy Blogger

A foreign exchange trader counts US dollars at a store in Karachi, Pakistan, May 19, 2022. – AFP/File Saudi Arabia promises $1.2 oil facility to Islamabad. Dubai Islamic Bank commits to providing $1 billion. The Islamic Development Bank and the Asian Development Bank pledged $600 million and $430 million, respectively. ISLAMABAD: Amid efforts by the … Read more