ISLAMABAD:Prime Minister Muhammad Shehbaz Sharif on Friday said the country’s economic growth was directly linked with the fast sustainable growth of exports. He was talking to a delegation of exporters, which called on him here at the PM House. The prime minister said the exporters being the back bone of national economy, were extremely important for the government as they were playing a key role in the country’s development.The country’s economy would attain sustainable growth when the export sector showed fast growth, he added. PM Shehbaz said the government was providing all possible facilities to promote the non-traditional exports.He expressed…
Author: Iqra Khan
The cost of necessities has recently showed a diverse pattern in Pakistan. Prices for potatoes, onions, and tomatoes increased every week, but those for basmati rice and dal masoor decreased. The Sensitive Price Index (SPI) for the week ending June 20, as reported by the Pakistan Bureau of Statistics, showed price declines for five important products while prices for 21 remained steady. On the other hand, over the same time frame, 25 commodities saw price increases. Diesel had a decrease in price of 0.84%, chicken by 0.05%, basmati rice and dal masoor by 0.08%, and petrol by 3.76%.In contrast, prices…
Deputy Prime Minister and Foreign Minister Ishaq Darhas reaffirmed Pakistan’s commitment to enhance people to people linkages with China to deepen the sentiments of mutual respect, trust and understanding between the two countries. Delivering his speech at China-Pakistan Political Parties Forum and the Third Meeting of the CPEC Political Parties Joint Consultation Mechanism in Islamabad today, he said Pakistan-China friendship is a relationship of the past, the present and the future. He said our strategic trust is unshakeable and nothing can undo it. The Deputy Prime Minister said this meeting is a manifestation of a shared commitment to preserve and…
The most recent data released by the State Bank of Pakistan (SBP) revealed that Pakistan reported Foreign Direct Investment (FDI) of $270.9m in May, up from FDI of $155.7m in the Same Period Last Year (SPLY). When comparing months to months, it can be seen that the nation recorded $358.8 million in investments made the month before.In all, the nation received $1.73 billion in foreign direct investment in 11MFY24, compared to $1.5 billion in the same period the previous fiscal year. In the review month, there was an inflow of $339.1 million, up 66.47% YoY, into direct investments, and an…
MEXICO CITY: Pakistan’s ambassador to Mexico, Shozab Abbas presented his credentials to President Andrés Manuel López Obrador at a formal ceremony held here at the presidential palace. The meeting was also joined by Foreign Minister of Mexico, Ms Alicia Bárcena.Ambassador Abbas emphasized the importance of strengthening bilateral diplomatic, political, economic, and scientific relations between Pakistan and Mexico. He highlighted the potential for enhanced cooperation in various sectors, reaffirming the commitment of both nations to deepen their ties.Mexico, the second most populous country in North America after the United States, shares a significant economic relationship with its northern neighbor. The Mexican…
ISLAMABAD: All the mainstream political parties of Pakistan on Friday displayed exemplary consensus to back the China-Pakistan Economic Corridor (CPEC) with the leaders reiterating their unwavering commitment to further strengthen the bilateral relationship between Pakistan and China by thwarting all nefarious designs. The political consensus was shown at the CPEC Pakistan-China Political Parties Forum and 3rd Meeting of CPEC Political Parties Joint Consultative Mechanism co-chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar and Minister of the International Department of the Communist Party of China (IDCPC) and member of the Communist Party’s Central Committee Liu Jianchao who is on…
BEIJING: A delegation of international media outlets arrived at Wendeng District in Weihai City to conduct on-site visits to Weili Tools Company, Yunxiang Embroidery Workshop, and Yiyang Company. The Journalists from Russia, South Korea, Pakistan, Hungary and Azerbaijan were on visit to Weihai, East China’s Shandong province to capture the charm of exquisite city through words and lenses.During the three-day event under the theme China, an Opportunity; the journalists immersed themselves in the rich folk customs and exquisite scenery of the city. When entering the exhibition hall of Weili Tools Company, the delegation was amazed by digitalized and intelligent tools…
WASHINGTON: The United States support “direct discussions” between India and Pakistan, saying the two neighbouring countries should work out the mode for the talks themselves, State Department Spokesperson Matthew Miller has said. “We value our important relationships with both India and Pakistan,” he said in response to a question from a Pakistani TV channel reporter at his daily news briefing on Thursday.“As we have said, we support direct discussions between India and Pakistan, but the pace, scope and character should be determined by those two countries, not by us,” Miller added. Relations between India and Pakistan have deteriorated since August…
ISLAMABAD: The National Disaster Management Authority is expected to serve as a “safety wall” against the effects of climate change, according to Prime Minister Shehbaz Sharif’s statement on Thursday. During a visit to the authority’s remodeled National Emergencies Operation Center, Prime Minister Shehbaz stated that Pakistan was now one of the ten most susceptible countries due to climate change, placing it in the red zone. He claimed it would take years to recover from the $30 billion in losses caused by the floods in 2022. In addition to financing from the provinces and assistance from friendly nations, the federal government…
The Federal Board of Revenue (FBR) has been instructed by the Federal Tax Ombudsman (FTO) to destroy or auction off any confiscated items, including cash, gold, silver, antiquities and precious stones, weapons and ammunition, alcohol and tobacco products, prohibited substances, and firearms. According to the FBR’s stated reasons, 555 of the 3451 lots that are currently pending are being litigated in various legal and quasi-judicial forums. This information was obtained from the FBR statistics. There is a significant backlog at Customs State warehouses and port locations due to the frightening pendency of confiscated products awaiting destruction or lots being delayed…
