Islamabad, Nov 17: PBF Signs MoU with Azerbaijan’s Private Sector to Boost Regional Trade. Amna Munawwar Awan, Senior Vice President of the Pakistan Business Forum (PBF) and President of Matrix Global, signed a Memorandum of Understanding (MoU) with Babak Huseynli, Director for Central Asia and Azerbaijan, at Digital Diplomacy here on Sunday, marking a significant step to support regional trade and investment. With the goal of strengthening economic diplomacy, the agreement will make it easier for Sunridge Foods Pvt Ltd to sell premium food items to Azerbaijan and the larger Central Asian market. The MoU establishes the framework for an…
Author: Iqra Khan
Islamabad, Nov 17: Bureaucrats Receive ‘Free’ Plots in Islamabad’s Premium Sector, Sparking Controversy. Top police officers and senior bureaucrats are purchasing one-kanal plots in the exclusive Sector E-11 of Islamabad for absurdly low prices just 1.5% of current market values. According to a national publication, senior police officials, including IG Khyber Pakhtunkhwa Akhtar Hayat Khan, IG Punjab Dr. Usman Anwar, and NPF Managing Director Sabir Ahmed, are among the benefactors, along with former interior secretary Aftab Akbar Durrani. Similar preferential allocations were documented in Sector O-9, where a plot worth Rs. 500,000 was given to Additional IG Punjab Bilal Siddique…
Islamabad, Nov 17: Finance Minister, Constructive IMF Talks, No Mini-Budget Planned. A mini-budget in the upcoming months has been ruled out by Finance Minister Muhammad Aurangzeb, who also reported that this week’s talks with the International Monetary Fund (IMF) went well. In a televised interview, Aurangzeb stated that the government was dedicated to improving administration and enforcement in order to meet the Rs. 12.97 trillion tax objective. He also mentioned that the National Fiscal Pact was approved by the cabinet and that he would not be altering the National Finance Commission’s (NFC) structure in any way. While acknowledging difficulties in…
Islamabad, Nov 17: PSX Predicted to Reach 127,000 Points by December 2025. The Pakistan Stock Market (PSX), boosted by stability of the economy and consolidation of its fiscal policy, expects to reach 112700 by December of this year and 127000 by December of 2025 at a 37% return inclusive of a 10% dividend yield. Topline Securities report anticipates re-rating in PE on account of better macro sentiment & declining bond yields, which is making more liquidity available in equities, to that historic forward PE of 7 x during the current IMF program. It also estimated the market forward 2026 PE…
Islamabad, Nov 17: TRNC should be recognised as independent, sovereign state, Ambassador Senol. The TRNC recently marked its 41st anniversary through its envoy to Uganda, the charming Ambassador Dilsad Senol at Serena Hotel. Politicians including members of parliament, ambassadors and businessmen joined a ceremony to support the TRNC on the observed occasion. The event started with Turkish and TRNC anthems and the official event of the ceremony that is the ceremonial cutting of the cake. That TRNC documentary depicting its years of democracy, economy and tourism made more emphasis on the struggle of its sovereignty and independence. In this video,…
Islamabad, Nov 17: Production of Toyota automobiles in Pakistan will be temporarily halted from November 18 to November 20, 2024, according to a statement from Indus Motor Company (IMC). The choice was made as the business battles a lack of necessary components and raw materials. IMC emphasized the difficulties brought on by continuous supply chain interruptions in a statement submitted to the stock exchange on Friday. The company clarified that its capacity to sustain production levels has been directly impacted by the growing difficulty in finding key parts.
Islamabad, Nov 17: Denmark’s Victoria Kjær Theilvig Wins Miss Universe 2024 Crown. Denmark’s Victoria Kjaer Theilvig won Miss Universe 2024, making history. She is the first competitor from Denmark to ever take home this championship. The 21-year-old is an ambitious lawyer, businesswoman, and competitive dancer. She won the title on Saturday night after competing against over 120 competitors in Mexico City. The previous champion, Sheynnis Palacios of Nicaragua, gave Victoria her tiara. Mario Lopez and Olivia Culpo hosted the event, and musician Robin Thicke performed. After a preliminary event that featured a nationwide costume exhibition, 30 finalists were chosen to…
Islamabad, Nov 17: NA Speaker Urges Stronger Pak-Spain Ties via Parliamentary Friendship Groups. Speaker of the National Assembly Ayaz Sadiq Sunday urged the efficient use of Parliamentary Friendship Groups (PFGs) to improve inter-parliamentary connections and stressed the importance of parliamentary diplomacy in fostering deeper relationships between Pakistan and Spain. He made these remarks when he met with a high-level Spanish parliamentary delegation that included Spanish Senators Luis de la Peña, Antononio Gutierrez Limones, Ms. Natalia Ucero, and Vicente Azpitarte Perez, as well as Spanish Ambassador to Pakistan Jose Antoniode Herrera Ory. “Improving Parliament-to-Parliament contacts is essential for fortifying ties between…
Islamabad, Nov 17: Milk Prices Set to Rise Amid Higher Taxes on Dairy. Karachi dairy producers have alluded to a possible rise in milk costs as a result of what they claim is double taxation on dairy animals by local government officials. According to the farmers, the government has increased the tax on dairy animals in places like Gadap Town, Super Highway, and other locations by between Rs 100 and Rs 700 per animal. Additionally, they pointed out that Ibrahim Hyderi Town’s government collects 400 rupees in taxes from each animal. According to a dairy farmers’ representative, the combined tax…
Islamabad, Nov 17: Pakistan Launches First National Carbon Market Policy to Boost Green Investment. As part of efforts to achieve environmental sustainability and climate resilience in the nation, Pakistan is now actively exploring the development of carbon markets as a key strategy to meet its climate goals, attract green investments, and transition toward a low-carbon economy, according to Romina Khurshid Alam, the Prime Minister’s Climate Change Coordinator.Pakistani food At a high-level event called “Launch of Pakistan’s Carbon Market Policy,” she declared, “I can say with confidence that Pakistan is now ready to lead, innovate, and work with local private sector…
