Islamabad, Sep 7: According to the most recent data available from the General Administration of Customs of China (GACC), Pakistan’s shipments of frozen orange juice to China during the January–July 2024 period reached previously unheard-of levels, demonstrating the expanding demand for Pakistani produce in the Chinese market. Ghulam Qadir, Commercial Counselor at the Pakistan Embassy in China, told China Economic Net that the two countries’ free trade agreements and the combined efforts of the Pakistani government and exporters to broaden and diversify their international markets are to blame for the export boom. He continued by saying that Pakistani farmers now…
Author: Iqra Khan
Islamabad, Sep 7: Mohammad Ishaq Dar, the foreign minister and deputy prime minister, stated on Saturday that the administration was working to resurrect flights to and from the United Kingdom as soon as feasible. Speaking to the Pakistani diaspora here, the deputy prime minister stated, “We have made every effort, even we changed the laws as per the latest requirements of the Aviation Authority of UK to solve the issue of resumption of PIA flights.” The UK, and the West were grounded.DPM Dar declared that the government would, among other things, outsource Islamabad International Airport and privatize Pakistan Airlines (PIA).…
Islamabad, Sep 7: Rana Mashhood Ahmed Khan, the chairman of the Prime Minister’s Youth Programme (PMYP), stopped by Huawei’s headquarters on Saturday to talk about the details of a massive training initiative designed to give 300,000 young Pakistanis superior information and communication technology (ICT) skills. The conference represented a significant advancement in the integration of Huawei’s cutting-edge training materials into Pakistan’s educational environment and came after important technical meetings on September 4 and 5. The program, which is being led by Prime Minister Mian Muhammad Shehbaz Sharif, aims to improve technical education by utilizing Huawei’s extensive worldwide experience and state-of-the-art…
Islamabad, Sep 7: A $78 million disinvestment in the first half of August, foreign investment inflows into Pakistan’s domestic bonds have sharply reversed from their record inflows in July.Data from the State Bank of Pakistan (SBP) shows that during the first 15 days of August, foreign inflows into T-bills were $8.2 million, while outflows rose to $86.3 million, leaving a net outflow of $78.15 million. There was a net investment of $91.5 million for the months of July and mid-August due to total inflows of $271.5 million and withdrawals of $180 million. The abrupt withdrawal is linked to a reduction…
Islamabad, Sep 7: The government has demanded a guaranteed investment of $500 million from potential buyers of Pakistan International Airlines (PIA), and these buyers have refused to meet key performance targets such as expanding the airline’s fleet and operating on a predetermined number of domestic and international routes. Six bidders were shortlisted: Fly Jinnah, Airblue, Arif Habib Corporation, Blue World City, Pak Ethanol (Pvt) Consortium, and YB Holdings Consortium. Of these, some have expressed issues with the planned sale-purchase agreement and shareholders’ agreement, according to a news article. The goals of the requirements outlined in these documents are to safeguard…
Islamabad, Sep 7: In a groundbreaking move, the Planning Ministry and the Planning Commission of Pakistan, under the visionary leadership of Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, have constituted a high-level Policy Board. This initiative aims to enhance transparency and improve the economic planning process of the country with the active participation of private sector and corporate leaders. The Policy Board, chaired by Professor Ahsan Iqbal, comprises a diverse group of esteemed members from various sectors, including former federal ministers, industry leaders, academic experts, and international professionals. Notable members include Mr. Shahid Ashraf Tarar, Ex-Caretaker…
Islamabad, Sep 7: 15,000 people have applied for interest-free house loans thus far as part of the “Apni Chhat Apna Ghar” campaign, which started accepting loan applications on September 6. According to specifics, 657 Gujranwala applicants were chosen to get loans in the first phase. A total of 2,628 city residents will get something from the initiative during its four stages. With major intentions for greater urban centers, the initiative promises to reach a wider range of geographies. Specifics of the Plan At a ceremony in Dera Ghazi Khan, Punjab Chief Minister Maryam Nawaz announced the launch and listed the…
Islamabad, Sep 7: A sizable deposit of natural gas and petroleum has been found within Pakistan’s territorial waters. Experts believe this might have a huge impact on the future of the nation’s economy. A top security officer with knowledge of the issue claims that the discovery was verified after a cooperative three-year survey with a friendly country. Pakistan has disclosed these lucrative deposits to the government after using the survey to locate them. The representative said that although exploration is still in its early phases, bids for the reserves are now being considered. If successful, Pakistan might be able to…
Islamabad, Sep 7: CEO and founder of Telegram Pavel Durov has announced a change in the app’s direction, turning off a few features he believes are out of date. This follows his recent apprehension in France. The app’s integrated blog entries and “People Nearby” location feature are the first to be altered. Durov is working to dispel the notion that Telegram is a sanctuary for illicit behavior. The app’s prior lack of moderation is what gave it its notoriety. Durov was detained by French authorities in August on charges of aiding unlawful activities and disseminating information about child sex abuse.…
Islamabad, Sep 7: The Khyber Pakhtunkhwa (KP) government has launched a major new project to solve the province’s housing requirements. According to specifics, authorities completed planning for a low-income housing program intended to offer impoverished citizens access to cheap housing options. In its initial phase, the plan will require an investment of PKR 4 billion. It offers interest-free loans up to PKR 1.5 million, with a focus on people who own five marlas of land but are unable to finance the construction of a house. For the project, the Housing Department has already started official planning, guaranteeing that residents would…
