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Author: WebDesk
Net FDI (foreign direct investment) inflow numbers are clear indicators of a stable environment for investors. High FDI inflows suggest that existing investors are satisfied and that the country’s business policies are favorable, thereby attracting more investment. Conversely, low FDI inflows indicate a challenging business environment and policies that do not inspire investor confidence. The 2023 net FDI inflows of 10 African countries surpass those of Pakistan. These include Egypt (USD 9.841 billion), South Africa (USD 5.233 billion), Ethiopia (USD 3.263 billion), Uganda (USD 2.886 billion), Senegal (USD 2.641 billion), Mozambique (USD 2.509 billion), Namibia (USD 2.345 billion), Nigeria (USD…
Must-Have Shoes to Enhance Your Style in 2024 Fashion trends evolve constantly, and staying ahead of the curve can make a significant difference in your wardrobe. Shoes, being an essential part of any outfit, are no exception. As we step into 2024, it’s time to explore the most exciting shoe trends that promise to dominate this year’s fashion scene. Chunky Sneakers – Creating a Bold Statement Chunky platform sneakers continue to dominate the fashion scene in 2024. These shoes are more than just a means to add height; they epitomize the perfect blend of comfort and style. With their exaggerated…
Exclusive Story: Staff from Bloom Pakistan. Islamabad, June 26, 2024: Parkview City’s site office in Islamabad was stormed by hundreds of people who had bought plots in the Overseas block and Golf Estate, on Monday, June 3rd. They were infuriated over delayed possession exceeded 2 years now. Their frustration fuelled by a contemptuous notification issued from the management that linked possession of their plots to the construction of houses. The notification reads, “We are extremely humbled and happy to announce the possession of members who want to construct their house in Overseas block, subject to terms and conditions. The letters…
Speakers at a seminar in Islamabad emphasized the urgency of preventing climate disasters akin to the devastating events of 2022, which claimed the lives of around 2,000 people, injured thousands, and caused an estimated $30 billion in economic losses. The seminar, titled “Disaster Resilient Pakistan” and organized by the National Disaster Management Authority (NDMA), highlighted the need for a comprehensive action plan to address these challenges. Prime Minister’s Coordinator on Climate Change, Romina Khurshid Alam, highlighted the government’s efforts to mitigate the impacts of climate change, including policy measures aimed at overcoming significant economic losses. She stressed the adverse effects…
Expected government actions include passing on the benefits of reduced international prices to consumers, potentially lowering petrol and high-speed diesel (HSD) rates. In the upcoming fortnightly price review on June 15, petrol is projected to decrease by around Rs9 per litre and HSD by Rs5 per litre. International market fluctuations have led to a decline of approximately $3.75 per barrel for petrol and $2.7 per barrel for HSD in the last two weeks. This follows previous reductions of about $12 and $8 per barrel for petrol and HSD, respectively, over the past fortnights. Despite slight changes in import premiums and…
In Washington, Masood Khan, Pakistan’s Ambassador to the United States, advocated for increased American investment in Pakistan and enhanced trade between the two nations to bolster their relationship. Speaking at the World Affairs Council in Philadelphia, he encouraged US businesses to expand their investment ventures, particularly in sectors like technology startups, renewable energy, agriculture, and extractive industries. Addressing a diverse audience including scholars, policymakers, legislators, entrepreneurs, business leaders, and professionals, Ambassador Masood Khan highlighted Pakistan’s significance as a substantial market for American manufacturers, with a potential consumer base of 240 million people. In his discourse, Ambassador Khan delved into various…
At the G7 summit in Borgo Egnazia, Italy, a senior U.S. official disclosed on Thursday that the United States and European nations have agreed to freeze sanctioned Russian assets until Moscow compensates for its invasion of Ukraine. This agreement paves the way for the announcement of a $50 billion loan package for Kyiv, to be made during the summit where President Joe Biden is expected to sign a security agreement with Ukraine’s Volodymyr Zelenskyy. The agreement, eagerly anticipated, will utilize interest and income generated from over $260 billion worth of frozen Russian assets, primarily held in Europe, to secure the…
Huawei Technologies Pakistan has accomplished the execution of Huawei Tech Connect 2024, as stated in a press release issued on Thursday. This event was primarily aimed at ushering Digital Transformation into Pakistan’s SME sector, revolutionizing organizational operations with a determined focus on enhancing the ICT landscape of the country. The cross-industry event addressed the IT infrastructure challenges across various sectors such as Education, Pharma, Energy, Banks, Real Estate, Healthcare, and Retail. Industry experts had the opportunity to share insights, interact, and network with one another to discuss contemporary technology challenges and how Huawei’s advanced solutions can enable organizations to stay…
Finance Minister Muhammad Aurangzeb announced today that the federal government has allocated a historic and unprecedented budget for the IT sector. Speaking at a post-budget press briefing in Islamabad, Aurangzeb highlighted the significant portion of the budget earmarked for the development of the IT sector. With current IT exports at $3.5 billion and projections indicating a potential increase to between $5 billion and $7 billion, measures to enhance digital infrastructure have been proposed. To support this growth, the government intends to subsidize loans and provide risk guarantees for the IT sector and SMEs. Aurangzeb commended Pakistan’s status as the third…
