The Government of Pakistan, along with leading private firms, has unveiled around 40 mega investment projects worth over $28 billion to a visiting Saudi delegation during the Pakistan–Saudi Joint Business Council meeting in Islamabad. The Saudi delegation, led by Prince Mansour bin Mohammad Al Saud, met top Pakistani ministers, business leaders, and the SIFC team…
The world economy is forecast to grow by 2.7 per cent in 2024, up from 2.4 per cent projected at the start of the year. Growth will reach 2.8 per cent in 2025, representing a slight increase. These changes are mainly due to better-than-expected performance in some large developed and emerging countries, notably Brazil, India,…
(Photo: Screen grab) Lahore: Federal Minister for Information Attaullah Tarar has been met by China’s ambassador to Pakistan, Jiang Zhaidong, in which Pakistan-China relations, CPEC, government initiatives to revive Pakistan’s economy and other important issues were discussed. In the meeting, a detailed discussion was also held regarding Prime Minister Shahbaz Sharif’s upcoming visit to China….
“This year’s theme – invest in women – reminds us that ending the patriarchy requires money on the table,” UN Secretary-General António Guterres said in a statement for the International Day. “This all depends on unlocking finance for sustainable development so that countries have funds available to invest in women and girls,” he said, calling…
The preliminary assessment of the social and economic impacts of the conflict examines Gross Domestic Product (GDP) loss, recovery timelines and the enduring effects on poverty and household expenditure. It is estimated the annual GDP of Gaza declined by $655 million last year, equivalent to 24 per cent. “If Gaza is to remerge with a…
The report paints a bleak picture of socio-economic conditions since the Taliban returned to power in August 2021, with the erosion of women’s rights and a banking system near collapse, identified as major areas of concern. The Afghan economy has not recovered from the cumulative 27 per cent shrinkage experienced since 2020 and appears to…
The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-expected GDP growth coming out of the COVID-19 pandemic masked short-term risks and structural vulnerabilities in the world economy. The sombre short-term outlook is based on persistently high interest rates, further escalation of conflicts, sluggish international trade, and increasing climate disasters, which…
. Islamabad ( ) Faraz ur Rehman, President, Korangi Association of Trade and Industry (KATI) claimed that Pakistan’s exports have actually diminished by 5% throughout July-September this year contrasted to in 2014 while the nation requires a considerable rise in exports to revitalize the economic situation. He emphasized that the federal government needs to resolve…
In its latest report, the UN Human Rights Council (OHCHR) body found that attacks on civilians, escalating fighting, economic decline and human rights violations persist, despite the country’s re-admission to the League of Arab States. The continued war in Syria is a “monument to the failure of diplomacy” said Inquiry Chair, Paulo Pinheiro. Speaking in…
Photo screen grab Islamabad: Caretaker Prime Minister Anwarul Haq Kakar has said that the Special Investment Facilitation Council has decided on a new visa regime regarding Open Pakistan. Businessmen or investors from abroad will be able to easily get Pakistan visa on international business documents. Caretaker Prime Minister Anwarul Haq Kakar while talking about the…
