Islamabad, Oct 14: Asian Development Bank Appoints New Country Director to Strengthen Pakistan’s Economic Development Strategy. Xiaoqin (Emma) Fan has been named the new Country Director for Pakistan at the Asian Development Bank (ADB). Today, she formally began her work at the Pakistan Resident Mission. Fan will be in charge of ADB’s activities in Pakistan as Country Director. Including the execution of the country partnership strategy (CPS), which places a high priority on accelerating growth, enhancing resilience, and enhancing competitiveness. Additionally, she will be in charge of the consultation for the new CPS, which will run from 2026 to 2030.…
Author: Iqra Khan
Top Real Estate Investment Opportunities in Pakistan’s Emerging Markets. Pakistan real estate sector is fast growing and there are many opportunities in newer markets for investment. Most of the country’s major cities such as Islamabad, Karachi, Lahore, and Rawalpindi are experiencing massive constructions as well as speedy growth in their economy, this has spurred investors to search for new opportunities in buying properties in residential, commercial, and agricultural ventures. Today’s an emerging market for the country’s real estate especially to local and international investors indulging in high yields. Why invest in Pakistan’s real estate market and what kind of properties…
Islamabad, Oct 13: IMF Raises Alarms Over Pakistan’s Increasing Reliance on Banks and SBP for Liquidity Support. The State Bank of Pakistan (SBP), commercial banks, and the federal government have a “complex tripartite relationship.” concerning which the International Monetary Fund (IMF) has issued warnings. G overnmentand commercial banks in its most recent report, “2024 Article IV Consultation and Request for an Extended Arrangement under The Extended Fund Facility.” This relationship between sovereigns and banks may result in regulatory difficulties, policy disagreements, and economic instability. Due to the banking sector’s rising adoption of government debt due to limited access to external…
Islamabad, Oct 13: KC-EU to Lead Protest in Brussels on October 27, 2024, Marking Black Day of Indian Occupation of Jammu and Kashmir. KC-EU to hold a protest in Brussels on black day of 27 October.A protest demonstration would be arranged in front of Indian Embassy in Brussels, the capital of Belgium on Sunday, October 27, 2024. The protest will be organized by Kashmir Council Europe (KC-EU) to mark the day of Indian Occupation of Jammu and Kashmir (27th Oct).Kashmiris on both sides of the Line of Control and based in other parts of the world observe Black Day on…
Islamabad, Oct 13: Shaheen Afridi Set to Be Dropped for 2nd Test Against England Following Babar’s Omission. After a string of lackluster performances, the Pakistan cricket team made the audacious decision to bench star fast bowler Shaheen Afridi for the second Test against England. Following Pakistan’s crushing loss by an innings and 47 runs in the opening Test, this decision was made. Over the past year, Shaheen Afridi, who was once the cornerstone of Pakistan’s bowling attack, has found it difficult to uphold his customary high standards. Due to his lackluster recent performances, both critics and supporters have called for…
Islamabad, Oct 13: Public Cooperation Vital for Effective Disaster Management PDMA DG. Irfan Ali Kathia, the director general of the Provincial Disaster Management Authority (PDMA) in Punjab, has reiterated the organization’s dedication to using all resources at its disposal to combat natural catastrophes. On Sunday, the world commemorated International Disaster Reduction Day. Kathia emphasized the widespread effects of climate change in her speech, emphasizing that although disasters inflict great pain, they also teach valuable lessons. The DG emphasized that the state bears the primary duty for protecting residents’ property and life by stating that the government has taken innovative measures…
Islamabad, Oct 13: Tarar Praises China’s Role in Helping Pakistan Overcome Energy Crisis. Attaullah Tarar, the Federal Minister for Information, Broadcasting, National Heritage, and Culture, expressed his sincere gratitude to China on Sunday for assisting Pakistan in resolving its biggest energy crisis since the beginning of the previous decade. He stated that the friendship between Pakistan and China has endured over many generations and decades during his speech at the China Chamber of Commerce in Pakistan function held here. The minister added that there was an emotional bond between the people of China and Pakistan. “The friendship between Pakistan and…
Islamabad, Oct 13: FBR Sets New Customs Values for Imported Power Tools. For the purpose of accurately assessing duties and taxes, the Directorate General of Customs Valuation in Karachi has set new values on the import of 31 distinct kinds of power equipment. Meetings with pertinent parties were held, according a valuation determination released by the directorate. An exercise to determine the New Customs values of subject items was started under Sections 25 and 25A of the Customs Act, 1969, in response to an analysis of import statistics, current market trends, variations in market pricing, and customs values. The stakeholders…
Islamabad, Oct 13: 24 carat Gold Rate In Pakistan Today 13 October 2024. The price of 24 carat gold in Pakistan is 274,700, while the price of 10 grams is 235,520. Visit UrduPoint to get more about the latest Gold Rate changes in Pakistan. As of October 13, 2024, the current gold rate in Pakistan is 274,700 per tola for 24k gold, and 235,520 for 10 grams.Today’s gold rate in Pakistan is 215,892 for 10 grams of 22k gold and 251,795 for tolas of 22k gold. The Karachi Sarafa Bazar Association sets the gold rate in Pakistan for the year…
Islamabad, Oct 13: PTA Engages US Consultancy Firm to Oversee 5G Auction Process in Pakistan. An international consulting firm based in the United States was chosen to provide advisory services to the Government of Pakistan for the spectrum auction/release of IMT spectrum in order to improve Next Generation Mobile Broadband Services in the nation. The firm placed among the top two companies in technical bids and had the lowest financial bid of $0.750 million. Media was informed by sources that NERA has received a letter of intent (LOI) from the Pakistan Telecommunication Authority (PTA) requesting a response within seven working…
