Finance Minister Muhammad Aurangzeb says country’s foreign currency reserves have crossed nine billion dollars mark and confidence of foreign investors is improving due to the government’s effective economic policies. Addressing a pre-budget conference in Lahore today, he said that due to government’s measures, the value of the rupee is getting stronger while the inflation rate is lowering now. The Finance Minister said that we need structural reforms and lower the current account and budget deficits. He said that the salaried segment of society is part of the tax net, however the business community should have to be made part of…
Author: WebDesk
Great news awaits Pakistanis residing in the UK and across Europe as Pakistan International Airlines (PIA) is set to resume its flights to Paris next month and to the UK on August 14, marking the end of a four-year hiatus, as reported by 24NewsHD TV. According to Abdullah Hafeez, the spokesperson for PIA, the European Union Aviation Safety Agency (EASA) is expected to grant permission to the airline in phases throughout the ongoing month. Hafeez stated that upon receiving approval from the Agency, PIA will prioritize the resumption of flight operations in Paris. “The direct flight to London is scheduled…
PMO Press Release No. 136/2024 Prime Minister’s Office(Press Wing) Islamabad: 9 May, 2024 Minister of State for Foreign Affairs of Qatar calls on the Prime Minister H.E. Dr. Mohammed bin Abdulaziz Al-Khulaifi, Minister of State for Foreign Affairs of the State of Qatar, called on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister House today. Welcoming the Qatari dignitary and his delegation, the Prime Minister said Pakistan greatly valued its historic, cordial and fraternal relationship with Qatar. Both countries had always supported each other through thick and thin. He said Pakistan was keen to transform its excellent ties with…
Ministry of Foreign Affairs(Office of the Spokesperson) MEDIA NOTE Deputy Prime Minister and Foreign Minister receives the Ambassador of Switzerland Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar received the Ambassador of Switzerland, Georg Steiner, today for a courtesy call. Deputy Prime Minister and Foreign Minister Dar said that Pakistan attaches high importance to its ties with Switzerland and the two sides have the potential to expand cooperation in trade and investment, climate, tourism and migration. He appreciated Swiss companies doing business in Pakistan and invited more Swiss companies to invest in Pakistan, particularly in the renewable energy…
7 May 2025: Today, the LUMS School of Education has embarked on a transformative journey, forging a pioneering alliance with the esteemed Ministry of Federal Education and Professional Training (MoFEPT). This landmark partnership is set to revolutionize teacher training, creating a cutting-edge, LUMS-approved digital teacher certification program. Current and aspiring teachers will be able to access the certification digitally, taking a world-class online course and assessments developed with the support of LUMS School of Education. In addition, teachers will also have access to animated content and assessments that can be shared with students to measure learning. The whole process will…
Prime Minister Muhammad Shehbaz Sharif held a telephonic conversation with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, this evening. The Prime Minister conveyed heartfelt condolences to the UAE President on the sad demise of his beloved uncle Sheikh Tahnoun bin Mohamed Al Nahyan and prayed for eternal peace of the departed soul as well as patience for the Royal Family to bear this irreparable loss. The Prime Minister said that the people of Pakistan have always held the UAE Royal Family in high esteem and respect, particularly lauding the leadership of the late Sheikh Zayed…
Minister for Finance Muhammad Aurangzeb has termed Saudi delegation’s visit to Pakistan as successful. Addressing a news conference along with Law Minister Azam Nazeer Tarar and Minister for Information and Broadcasting Attaullah Tarar in Islamabad today, has said confidence of investors is increasing on Pakistan due to its stable situation. He said Saudi delegation evinced confidence in Pakistan’s economy. The Finance Minister said the country is heading in right direction. He said the foreign exchange reserves have exceeded nine billion dollars while inflation has reduced from thirty eight percent to seventeen percent and it is gradually coming down. Muhammad Aurangzeb…
Saudi Deputy Investment Minister Ibrahim Almubarak has said Saudi government and companies consider Pakistan a high priority economic, investment and business opportunity. He made the remarks at the two-day Pakistan-Saudi Arabia Investment Conference which opened in Islamabad today. The Saudi Deputy Investment Minister said his country believes in the economic potential of Pakistan including its demography, location and natural resources. He said Pakistan is a major strategic partner for Saudi Arabia. Referring to the fraternal ties rooted deep in common faith, culture and shared values, he said we want to see Pakistan as one of our leading international partners. The…
Japan has expressed confidence in Pakistan’s business friendly policies and has vowed to enhance its investment portfolio in the country. The expression was made during meeting of a high level Japanese business delegation with Prime Minister Muhammad Shehbaz Sharif in Islamabad today. The Prime Minister underscored the need to further promote the decades-long trade and investment ties between two countries in different sectors. Highlighting the vast potential for investment in the automobile industry of Pakistan, the Prime Minister invited Japanese companies to take full advantage of it with their best technology. He said problems faced by Japanese industrialists and businessmen…
The CCP provisionally concluded on Monday that PTCL’s acquisition of Telenor Pakistan (Private) Ltd and Orion Towers Private Ltd could substantially lessen competition in the telecommunication industry. There are four players in Pakistan’s telecom sector: Jazz, Telenor, Zong, and Ufone, a subsidiary of PTCL. After the intended acquisition, Ufone and Telenor will merge to become equally as large as Jazz, leaving only three players in the telecom market. PTCL is a publicly listed company that provides various telecommunication services, such as cellular mobile telephony, wireless local loop service, direct-to-home television service, and financial services, through its subsidiaries in Pakistan, Azad…