Senator Faisal Saleem Rahman has made history by becoming the first Pakistani lawmaker to be chosen as a member of the International Monetary Fund (IMF) and World Bank’s parliamentary board. Starting his six-year term in March 2021, Senator Faisal represents Khyber Pakhtunkhwa in this role. The parliamentary board, which includes representatives from 140 countries, works […]
Addressing the media after a cabinet meeting, he emphasized that ensuring peace and security in the province remained the top priority for his government. During the holy month of Ramazan, he disclosed that a cash amount of Rs. 10,000 would be disbursed among approximately 850,000 deserving individuals, with data collected from the Ehsas Program. An […]
In a bid to facilitate the flood victims, the Sindh government has sought the Asian Development Bank’s (ADB) support to build 250,000 housing units. The development came during a meeting between a delegation of the ADB led by Hong Soo Lee and Sindh Chief Minister Syed Murad Ali Shah today. During the meeting, the ADB […]
Bank Alfalah Pehchaan Finance’s initiative to host a Women’s Day celebration at its Digital Lifestyle Branch is a commendable step towards promoting gender equality and women’s empowerment. By offering free E-Scooty rides and exclusive financing options, the event underscores the institution’s commitment to providing practical solutions to address the unique needs of women in society. […]
During this year’s Two Sessions in China, when delegates presented ideas to improve manufacturing in the nation under new, high-quality productive forces, the term “smart manufacturing” became popular. According to a recent analysis by Richard Baldwin, an IMD Business School professor of international economics, China is the only manufacturing giant in the world, producing more […]
Moody Investors Service improved Pakistan’s banking sector outlook from “negative” to “stable,” noting a reduction in macroeconomic problems and strain on the country’s budget. The agency emphasized in its assessment that banks’ strong profitability and steady funding served as a safeguard against the nation’s political unpredictability and macroeconomic difficulties. According to the estimate, Pakistan’s GDP […]
Indus Motor Company Limited, the company that produces Toyota and Daihatsu cars in Pakistan, has informed its investors about a temporary shutdown of its production plant. The reason behind this decision is the shortage of cars available for sale and the depletion of essential parts required for car manufacturing. The company is facing challenges in […]
The Pakistani government has declared that beginning on March 7, 2024, the cost of Machine Readable Passports (MRPs) will increase. This implies that the new, higher charge will be required of anybody applying for a passport on or after this date. The Directorate General of Immigration & Passports (DGI&P) has made it clear that applicants […]
The settlement is subject to approval by US Bankruptcy Judge John Dorsey in Wilmington, Delaware. The two companies had sued each other in 2023, seeking to recover money they had loaned each other before they both went bankrupt in November 2022. Under the new settlement, FTX agreed to prioritize a $250 million payment to BlockFi, […]
Pakistanis will most likely observe the first day of the holy month on Wednesday, March 13. In a statement, the SSGC announced no load-shedding during Sehr-o-Iftar during the Holy month of Ramzan. According to the schedule, gas supply will remain suspended from 9 am to 3 pm and 10 pm to 3 am during the […]
