ISLAMABAD, JULY19: ISLAMABAD: In an effort to increase trade with Central Asian nations, Turkmenistan’s Foreign Minister Rasit Meredow announced on Friday that he will be visiting Pakistan for two days, from July 22 to 24. Pakistan aspires to capitalize on its geopolitical strategic location and strengthen its position as a vital hub for trade and transportation linking the landlocked Central Asian countries with the global economy. Meetings with leaders from Uzbekistan and Azerbaijan have been among the flurry of visits, investment discussions, and economic activity between Pakistan and Central Asian governments in recent months. At a weekly press briefing on…
Author: Iqra Khan
ISLAMABAD, JULY19: Chief Executive Officer of Abu Dhabi Ports Pakistan Khurram Aziz Khan on Friday called on Prime Minister Shehbaz Sharif and informed that the company would invest $250 million in Karachi Port during the next 10 years. The company CEO, who was accompanied by a delegation, also told that a fully equipped multipurpose terminal, being constructed through a $130 million investment, would be completed within two years. The delegation members briefed the prime minister about the company’s investment in the improvement of the container terminal facility at Karachi Port featuring X control, automated gates, 200-meter expansion in berth, crane…
ISLAMABAD, JULY19: Different levels of precipitation are expected in Islamabad, Rawalpindi, and other parts of Pakistan. The central and southern regions of Pakistan are penetrated by light to moderate monsoon currents from the Arabian Sea, according to the Pakistan Meteorological Department (PMD). Over the top regions of the nation, a westerly wave is dominant. On Saturday and Sunday, isolated rain-wind/thunderstorms are expected in Khyber Pakhtunkhwa, central and southern Punjab, Sindh, and northeastern and southern Balochistan due to the current weather. In isolated areas of northeast Punjab, Pothohar region, Islamabad, Kashmir, and Gilgit-Baltistan, rain-wind/thunderstorms are also anticipated. During that time, there…
ISLAMABAD, JULY19: A large portion of Pakistan’s cropland was ravaged by historic floods in 2022, causing farmers to suffer significant financial losses. Since commercial insurance is incompatible with Islamic beliefs, farmers have shunned it. Conventional insurance contracts frequently include interest, which is forbidden in Islam to stop the practice of exploitation. Here’s takaful insurance, an Islamic financial instrument that’s becoming popular among farmers (source: Bloomberg). Through contributions to a pool that balances each other’s losses, members in takaful operate on a mutual cooperation basis. After expenditures and service fees, participants may receive a refund of any surplus. This concept is…
ISLAMABAD, JULY 19: Coordinator to the Prime Minister on Climate Change and Environmental Coordination Romina Khurshid Alam lauded the UK’s support for Pakistan’s Climate action as the Ministry of Climate Change and Environmental Coordination and government of United Kingdom have agreed to enhance collaboration to address climate change and environmental issues in Pakistan. The agreement was reached during a meeting between Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam, and a UK HIgh Commission,delegation met her led by Development Director, Jo Moire, on Friday, a news release said.She said this collaboration marks a significant step forward in…
ISLAMABAD, JULY19: The price of per tola of 24 karat gold decreased by Rs.3,000 and was sold at Rs.251,000 on Friday against its sale at Rs.254,000 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.2,572 to Rs.215,192 from Rs. 217,764 whereas that of 10 gram 22 karat gold went down to Rs.197,259 from Rs. 199,617, the All Sindh Sarafa Jewellers Association reported. The price of per tola silver decreased by Rs.50 to Rs.2,850 whereas that of ten gram silver went down by Rs.42.87 to Rs.2,443.41.The price of gold in the international market…
ISLAMABAD, JULY19: A 10-member delegation from the Sialkot Chamber of Commerce and Industry (SCCI) has been visiting Tokyo, Japan, from July 17 to 22, aiming to strengthen trade ties and foster mutual cooperation between Pakistan and Japan. The Embassy of Pakistan, in collaboration with the Japan Chamber of Commerce and Industry, SMRJ, and JETRO, organized a networking event.Ambassador Raza Bashir Tarar welcomed the participants and encouraged them to explore Sialkot and Pakistan as potential trade partners. The Vice President of SCCI also addressed the attendees, highlighting Sialkot as the industrial hub of Pakistan.During this event, Japanese businesses had the opportunity…
ISLAMABAD, JULY19: The U.S Embassy in Islamabad on Friday held a graduation celebration for 100 women in the fifth cohort of the Academy for Women Entrepreneurs (AWE). Since 2020, the AWE has mentored over 330 Pakistani women to establish and scale up their businesses.Ambassador Donald Blome delivered inspiring remarks at the ceremony, congratulating the graduates and highlighting the importance of entrepreneurship in fostering economic growth and stability, says the press release. “The United States is strongly committed to advancing Pakistan’s inclusive economic transformation and women play a vital and growing role in that process,” said Ambassador Blome. “AWE remains a relevant…
ISLAMABAD, JULY19: The closing ceremony for the Overseas Training of Pakistani Trainees of Shandong Zhongyang Group was held at Longping Hall, Qiushi Building, Binhai Campus of Liaoning Petrochemical College (LNPC). Wang Xianhong, General Manager of the International Petrochemical Industry Park of Shandong Zhongyang Group; Zhang Zhenguo, Vice President of TANG International Education Group; Muhammad Bilal Tahir, Deputy Dean of the Natural and Applied Science School of Khwaja Fareed University of Engineering and Information Technology; Fu Haihua, Chief Engineer of Jinzhou Fenghan Industrial Co., Ltd.; Yu Zhongdang, Deputy Secretary of the Party Committee and President of LNPC; Yu Li, Secretary of…
ISLAMABAD, JULY19: Several internet service providers were reporting outages on the Pakistan Telecommunication Authority’s (PTA) official website. The regulator’s website has been displaying an error message that reads “Attack ID: 20000001” and “The page cannot be displayed” for the last hour. Kindly get in touch with the administrator if you need more details.A few users have mentioned that when using a VPN, the website functions as intended. After being restricted, the website is currently back online and operating as usual.
