Islamabad, Feb 14: The federal government has announced a plan to provide sugar at a controlled price of Rs 130 per kilogram during Ramazan, ensuring affordability for consumers across the country. Federal Minister for Industries and Production, Rana Tanveer Hussain, made the announcement while chairing a Sugar Advisory Board meeting on Saturday to finalize sugar prices for the holy month. According to a news release, sugar mills nationwide will set up dedicated stalls to sell sugar in small packages of 1-2 kg, with each CNIC holder allowed to purchase up to 5 kg. These stalls will become operational three days…
Author: Iqra Khan
Islamabad, Feb 14: Pakistan and Myanmar have taken a step toward deepening economic cooperation as Myanmar’s Ambassador to Pakistan, Wunna Han, engaged in an interactive session at the Islamabad Chamber of Commerce and Industry (ICCI). During the discussion, he outlined his vision for strengthening trade, investment, and cultural ties between the two nations, emphasizing the vast potential for mutually beneficial collaboration. According to a press release, Ambassador Han highlighted key sectors such as tourism, Information Technology (IT), and pharmaceuticals as prime areas for joint ventures and business-to-business (B2B) cooperation. He underscored the importance of improving the ease of doing business…
Islamabad, Feb 14: Pakistan and Saudi Arabia have reaffirmed their commitment to strengthening economic ties and regional cooperation as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met his Saudi counterpart, Mohammed bin Abdullah Al-Jadaan, on the sidelines of the Emerging Markets Conference in AlUla, Kingdom of Saudi Arabia. The high-level meeting marked a significant step towards fostering trade, investment, and financial collaboration between the two nations. According to a press release from Pakistan’s Ministry of Finance, Minister Al-Jadaan warmly welcomed Senator Aurangzeb and reiterated the deep-rooted brotherly ties between Saudi Arabia and Pakistan. The discussions were attended by…
Islamabad, Feb 14: Honda and Nissan have officially abandoned their merger talks, which were initially announced in December 2024. The two Japanese automakers had planned to unite under a new holding company to strengthen their position against rising competition from Tesla and Chinese electric vehicle (EV) manufacturers. However, after weeks of negotiations, both companies decided to terminate their Memorandum of Understanding (MoU) and end discussions. The proposed merger would have created the world’s third-largest automaker, significantly enhancing their presence in the global EV market. However, disagreements over the structure of the deal led to its collapse. Honda insisted on making…
Islamabad, Feb 14: The Sukkur Chamber of Commerce and Industry (SCCI) has strongly condemned the manufacturing and sale of counterfeit medicines, emphasizing that those involved in such illegal activities are endangering human lives for financial gain. In a statement issued on Saturday, SCCI President Muhammad Khalid Kakizai, along with Senior Vice President Ameet Kumar and other senior members, expressed their unwavering support for strict actions against individuals and businesses engaged in the production and distribution of fake medicines. The Chamber reaffirmed its long-standing stance against unethical business practices that prioritize profits over public safety. It called for the full implementation…
Islamabad, Feb 14: JazzCash, the fintech arm of Pakistan’s leading digital operator Jazz, has been nominated in the Best Fintech Innovation category at the prestigious Global Mobile (GLOMO) Awards, set to take place at MWC 2025. This recognition highlights JazzCash’s groundbreaking approach in digital payments, making it the first fintech globally to enable over 360,000 merchants and businesses to accept contactless payments via an NFC-enabled Android device. Through its partnership with Mastercard, JazzCash has also empowered its wallet users to make seamless digital transactions with any contactless device. The innovative Tap Pay feature is addressing Pakistan’s payment acceptance gap by…
Islamabad, Feb 14: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has departed for the Kingdom of Saudi Arabia to attend the inaugural high-level “AlUla Conference for Emerging Market Economies,” scheduled for February 16-17. The event, hosted in the historic city of AlUla, is organized in collaboration with the International Monetary Fund (IMF) and Saudi Arabia’s Ministry of Finance. Aurangzeb, accompanied by Khurram Schehzad, Advisor on Economic and Financial Reforms, is participating at the special invitation of Saudi Finance Minister Mohammed Al-Jadaan. His presence at the conference is seen as a recognition of Pakistan’s recent economic stabilization efforts despite…
Islamabad, Feb 14: The 156th death anniversary of legendary poet Mirza Asadullah Khan Ghalib is being observed on Saturday, honoring his unparalleled contributions to Urdu and Persian literature. Born on December 27, 1797, in Agra, Ghalib’s poetry remains an enduring symbol of philosophical depth, love, and wit, securing his place as one of the most influential literary figures in history. Spending most of his life in Delhi, Ghalib gained immense fame for his ghazals, which continue to shape Urdu poetry to this day. His verses delve into themes of love, sorrow, existential struggles, and the complexities of human emotions, resonating…
Islamabad, Feb 14: International Finance Corporation (IFC) Chief Makhtar Diop has announced plans to ramp up equity investments and large-scale infrastructure financing in Pakistan, aiming to unlock $2 billion in annual investments over the next decade. Speaking during his visit to Pakistan, Diop highlighted the country’s potential to attract significant funding for critical infrastructure projects, signaling a shift towards long-term investment commitments. Diop expressed optimism about Pakistan’s readiness for major financial inflows, stating that progress on key transactions is expected between now and October. He emphasized that large-scale financing would play a crucial role in transforming the country’s infrastructure, including…
Islamabad, Feb 14: A captivating photo exhibition titled “Beautiful Japan- Through the Eyes of an Ambassador” opened here today at the Pakistan National Council of the Arts (PNCA) that showcases a remarkable collection of photographs capturing the various facets of Japanese life, including Japanese culture, its people, landscapes, technology while reflecting the essence of beauty and intricacies of Japan. The former Ambassador of Pakistan to Japan, Mr. Farukh Amil, who played a significant role in forging deep connections between the two nations over the years, captured these photographs displayed in the exhibition during his diplomatic service in Japan. The exhibition,…
