Eight major fiscal risks—macroeconomic imbalances, growing debt, guarantees, climate degradation, losses in State Owned Enterprises (SOEs), risks associated with public-private partnerships, fiscal indiscipline in provincial governments, and governance issues—have been identified by the Ministry of Finance as having the potential to exacerbate Pakistan’s economic vulnerabilities. The Ministry of Finance’s Fiscal Risk Statement (FRS) for 2023–24 […]
A profit of Rs21.54 billion was declared by Askari Bank Limited (PSX: AKBL) in 2023, a 54.2% rise from the year before. This indicates that they made more money than they did previously. The directors of the bank have agreed to distribute a final cash dividend to the shareholders in the amount of Rs2.5 per […]
The first batch of equipment for the Million Acres of Green Pakistan Smart Farm Project, in which Tianjin Dayu Irrigation Group, a leader in the Chinese water-saving industry, is involved, was recently packed and delivered. In addition to providing crucial technical support for the development of smart farms in Pakistan, the batch of intelligent water […]
In order to collaborate with Saudi Arabia’s Aramco on the development of a state-of-the-art refinery and petrochemical complex in Pakistan, Pakistan State Oil (PSO) has sent an invitation to Sinopec, a significant Chinese energy giant. It is possible that this project may be included in the China-Pakistan Economic Corridor (CPEC). The President of Sinopec received […]
Four members of the robotics team at Diocesan Boys’ School in Hong Kong have accomplished a remarkable feat of engineering. They have managed to develop the smallest humanoid robot in the world, surpassing the previous record held by Zain Ahmad Qureshi of Pakistan in 2022. This robot is 11.3 mm (0.44 in) shorter than a […]
Irfan Junejo, a well-known influencer, has prepared the ground for a shocking disclosure that might alter Karachi’s investment environment. Junejo is well-positioned to provide what he considers to be the greatest investment opportunity for Karachi, a thriving metropolis, thanks to his astute vision and years of experience working with many national and international businesses. As […]
The PML-N has nominated Maryam Nawaz to be the next Chief Minister of Punjab, and she has outlined a number of goals for her five-year tenure should she be elected. These objectives seek to develop and bring about beneficial changes in a number of industries. Establishing five IT cities, which would offer chances for creativity […]
In response to the purported voting irregularities that were observed during the polls on February 8, the Pakistan Tehreek-e-Insaf (PTI), Grand Democratic Alliance (GDA), and Jamaat-e-Islami (JI) are uniting to form a new political alliance in Sindh. Chief Coordinator of GDA Sindh Syed Sadruddin Shah Rashidi called a meeting at his home and invited Ameer […]
After becoming Islam, a German Sikh girl of Indian descent got married to a young man from Sialkot. Zainab, formerly known as Jaspreet Kaur, and Ali Arsalan exchanged vows, as attested to by the Islam acceptance certificate from Jamia Hanafia Sialkot. Kaur is the daughter of Sangara Singh and is originally from Ludhiana in Indian […]