Islamabad, Nov 7: PM Shehbaz to Visit Saudi Arabia and Azerbaijan for Arab Summit and COP29 Next Week. Prime Minister Shehbaz Sharif will travel to the Kingdom of Saudi Arabia and Azerbaijan to attend the World Leaders Climate Action Summit in Baku and the Second Joint Arab Islamic Summit in Riyadh. According to Foreign Office spokesperson Mumtaz Zahra Baloch, the prime minister will travel to Saudi Arabia to attend the World Leaders Climate Action Summit in Baku and the Second Joint Arab Islamic Summit in Riyadh on November 11. The summit is being held at the Saudi government’s initiative. And…
Author: Iqra Khan
Islamabad, Nov 6: ICCI-DHA JVs to turn Islamabad into regional trade hub. The Islamabad Chamber of Commerce and Industry (ICCI), Wednesday, eagerness to collaborate with the Defence Housing Authority (DHA) in its future real estate projects through joint ventures lilke mechanism. In this regard, ICCI President Nasir Mansoor Qureshi proposed a joint venture for constructing a Medical City, saying the project would to attract an estimated $10 billion in foreign direct investment and it would turn the federal capital, Islamabad into a hub for healthcare innovation, research, and development. The project will also generate numerous job opportunities and contribute to…
Islamabad, Nov 6: CDA and Chinese Delegation Discuss Urban Development and Green Initiatives for Islamabad’s Infrastructure Growth. A Chinese delegation called on Chairman Capital Development Authority (CDA), Muhammad Ali Randhawa, at CDA Headquarters on Wednesday to explore avenues for mutual cooperation and urban development in Islamabad. The Chairman CDA warmly welcomed the delegation, highlighting the value of benefiting from Chinese expertise and experiences in advancing Islamabad’s infrastructure and sustainable urban growth. During the discussions, Chairman CDA emphasized the importance of learning from China’s development model, particularly in green initiatives and environmental sustainability. He also outlined some of Islamabad’s ongoing and…
Islamabad, Nov 6: PM Shehbaz Announces 100MW Power Supply and Rs1 Billion Endowment Fund for Gilgit-Baltistan. On Wednesday, Prime Minister Shehbaz Sharif announced a Rs1 billion endowment fund for university students as well as the immediate provision of 100 megawatts of electricity for Gilgit Baltistan. The prime minister, who presided over the GB cabinet’s special meeting during his all-day visit, expressed his happiness and contentment with the prompt construction of the Bubar Model Village, which he had previously inaugurated, in order to offer shelter for those impacted by the 2022 flood. He gave the GB administration instructions to build parks,…
Islamabad, Nov 6: OICCI Hosts Pre-COP29 Dialogue to Amplify Private Sector Climate Action Initiatives. The Overseas Investors Chamber of Commerce and Industry (OICCI) hosted a high-level discussion at the 27th Sustainable Development Conference to support private sector-led solutions for climate resilience and green financing as Pakistan faces the urgent challenges of climate change. Leaders from the public and commercial sectors as well as international organizations convened for the Pre-COP29 Policy Dialogue to discuss how corporate investment may help Pakistan achieve its climate goals. Jason Avanceña, the CEO of Nestlé Pakistan and Senior Vice President of OICCI, emphasized the role of…
Islamabad, Nov 6: Demonstrating the effectiveness of strategic leadership in enhancing Pakistan’s export portfolio, Federal Minister for Commerce Jam Kamal Khan has overseen a significant breakthrough with the export of the first consignment of Sider honey from Tarnab, Khyber Pakhtunkhwa, to Malaysia. The achievement of this milestone is a direct result of the minister’s relentless focus on promoting Pakistani agricultural products in the global market. Minister Jam Kamal Khan’s vision has been the driving force behind initiatives that have positioned Pakistan as a serious contender on the international stage. His proactive policies culminated in the success of FoodAg 2024, an…
Islamabad, Nov 6: President Federation of Chambers of Commerce and Industries Atif Ikram Shaikh has appealed to the government to announce a comprehensive winter package for export-oriented industries to mitigate the challenges faced by the sector. However, FPCCI cautioned that any conditional eligibility criteria tied to incremental gas consumption last year would unfairly exclude many industries. “Several units did not have gas supply connections, making it impossible for them to meet this condition,” Atif Ikram Shaikh explained. Therefore, he said, FPCCI demands that the government offer the winter package without conditions, ensuring equal access to all export-oriented industries. This inclusive…
Islamabad, Nov 6: Finance Minister Aurangzeb Stresses Economic Improvement, Calls for Sustained Reforms. According to Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, the government’s actions are causing macroeconomic gains in Pakistan. He emphasized the Monetary Policy Committee’s decision to lower interest rates by 2.5% while speaking at the 8th Edition of the Future Summit on Wednesday at a nearby hotel. He also mentioned that the nation is on track to accomplish its financial goals for the first four months of the fiscal year. There has been a notable decline in food inflation, and the Karachi Interbank Offer Rate…
Islamabad, Nov 6: Nestlé Pakistan Sets Target to Increase Exports to $50 Million by 2030. To help the federal government expand the economy, Nestlé Pakistan has unveiled a new plan to boost its packaged food exports to $50 million by 2030. Nestlé’s expansion into 26 nations was highlighted during the “Limitless Possibilities” event in Islamabad, when this ambition was announced. Rana Tanveer Hussain, the Federal Minister for Industries and Production, highlighted the importance of exports to Pakistan’s economic recovery and commended Nestlé’s contributions. He pointed out that Nestlé’s expanding export presence shows how resilient Pakistan’s private sector is and how…
Islamabad, Nov 6: Gold Rate in Pakistan Drops Further Amid Decline in International Prices. Gold prices in Pakistan fell for a second consecutive day on Wednesday as the precious metal lost value in the international market. According to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of 24-carat gold per tola decreased by Rs. 1,000 to Rs. 282,200. Likewise, the price of 10g fell by Rs. 857 to Rs. 241,941. About this drop comes when on Monday, the speed of gold raised by Rs. 700 per tola. Gold, which had seen record highs of Rs. 287,900 per tola…
