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Business
7th edition of leaders in Islamabad business summit
Islamabad, 19 April, 2024 (GNP): The 7th Edition of Pakistan’s biggest corporate event, LEADERS IN ISLAMABAD BUSINESS SUMMIT 2024 (LIIBS), will take place on April 23 & 24, 2024, at a local hotel.
Curated under the theme of…
USAID launches $10 million climate financing initiative in Pakistan
Today the United States Agency for International Development (USAID)/Pakistan launched the Pakistan Climate Financing Activity, an up to $10 million, four-year endeavor aimed at bolstering sustainability and climate resilience in Pakistan.
Pakistan and KSA set to take steps towards economic partnership
Islamabad, 16 April 2024, (GNP): Pakistan and Saudi Arabia are poised to explore fresh opportunities for mutual economic collaboration by investing in diverse development areas.
This initiative comes as the top-level Saudi delegation,…
Pakistan-Saudi Arabia investment conference held in Islamabad
The high-level Saudi delegation led by His Highness Prince Faisal bin Furhan A.F. Al Furhan Al Saud, Special Investment Facilitation Council (SIFC) attended the ‘Saudi Arabia-Pakistan Investment Conference’ held in Islamabad.
Sam Bankman-Fried crypto king’ jailed for 25 years
New York, 29 March, 2024 (GNP): Sam Bankman-Fried, also known as SBF, has been handed a 25-year prison term for embezzling billions of dollars from customers of his cryptocurrency platform, FTX.
The once-prominent figure in the…
IMF wants cryptocurrencies to be included in the tax net
Islamabad, 18 March, 2024 (GNP); The International Monetary Fund (IMF) has advised the Federal Board of Revenue (FBR) to broaden the scope of the Capital Gains Tax (CGT) by including cryptocurrencies.
This recommendation was made during…
Indian fighter aircraft Tejas crashes in Rajasthan
Rajasthan, 13 March, 2024 (GNP): An Indian fighter aircraft named Tejas crashed in the grounds of a student hostel in Jaisalmer, Rajasthan. This marks the first crash of the Tejas aircraft since its induction into the Indian Air Force (IAF)…
Atta Tarar claims PTI plot to revoke Pakistan’s GSP+ status
Information Minister Attaullah Tarar asserted today that the Pakistan Tehreek-e-Insaf (PTI) has been lobbying the European Union to withdraw Pakistan's Generalised System of Preferences (GSP) Plus status.
Faysal Bank complements State Bank’s efforts for enhancing financial literacy
Karachi, 4 March, 2024 (GNP): A leading Islamic financial institution of Pakistan, has partnered with State Bank of Pakistan (SBP) for ‘Pakistan Financial Literacy Week 2024’. Committed to fostering financial education and inclusivity, FBL…
Entrepreneurship in Family Business
Entrepreneurship in family business involves bringing innovation to an already existing set of system and practices that is not only found in the product itself but also the way it is delivered or served to the customers.
COMSTECH organizes workshop on innovative practices in agri-business
Islamabad, 19 February 2024 (GNP): COMSTECH, ICESCO and Songhai Center, in Benin jointly organized 5-day international training workshop on innovative practices for the development of a sustainable agri-business for the future at Songhai…
New era in world sports: Future games 2024 unveils Fijital competitions in Kazan
This is how experts assess the event that will take place in Russia from 21 February to 3 March 2024. For the first time in the history of world sport, Kazan will host the International Multisport Tournament Games of the Future.
Former SC judge Mazhar Naqvi challenges SJC’s jurisdiction amid resignation fallout
Former Supreme Court Justice Mazahar Ali Akbar Naqvi has rebuked the Supreme Judicial Council (SJC), asserting its lack of jurisdiction to pursue proceedings against him following his resignation. The retired judge faces allegations of…
New way North: What will be the 21st century alternative to Suez canal?
In 2024, the large-scale logistics project «North - South» will get a new development, which was discussed at the international economic forum «Russia - Islamic World: KazanForum 2023». Cargo carriers of Eurasian countries expect the…
فیصل بینک کا آپریٹنگ منافع 2023 کے اختتا م پر دوگنا ہوگیا
:کراچی،7 فروری 2024 (جی این پی)
پاکستان کے صف اول کے اسلامی بینکوں میں شامل فیصل بینک لمیٹڈ (ایف بی ایل) نے سال 2023 میں شاندار کارکردگی کا مظاہرہ کیا، جو کاروبار کے صحت مند بنیادی اصولوں کے ساتھ ساتھ محتاط رسک مینجمنٹ کی عکاسی کرتا ہے۔…
Faysal Bank doubles operating profit for the year ended 2023
Faysal Bank Limited (FBL) a prominent Islamic bank in Pakistan, has shown strong performance in the inaugural year as an Islamic Bank, showcasing its healthy business fundamentals as well as prudent risk management.
Navigating the geopolitical shifts and tech policy implications for companies in Asia
The evolving relationship between the US and China is impacting international partnerships and technology policies in Asia.
Maroof Hospital and Mari Petroleum organized health awareness session
Heart Health Awareness Session by Maroof Cardiovascular Center and Mari Petroleum
Russia prepares for Kazan 2024 Islamic finance forum
More than 20 million Muslims can get access to Islamic finance instruments and make halal money transactions. In 2023, Russia passed a law on Islamic banking - in the next two years, an experiment on its use in one of the largest countries…
Fly Jinnah announces the launch of international operations
Fly Jinnah, Pakistan’s low-cost carrier, announces the commencement of its international operations with the launch of its inaugural flight connecting Pakistan’s capital city Islamabad with the city of Sharjah in the United Arab Emirates…
Heavyweights join Raqami Islamic’s Shariah Board
Islamabad, 31 January,2024 (GNP): Raqami Islamic Digital Bank (RIDB) obtained a no objection certificate (“NOC”) and in-Principal Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Islamic digital retail bank in Pakistan…
Faysal Bank and OPay expands collaboration for digital merchant acceptance
Islamabad, 29 January, 2024 (GNP): Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with Sharia compliance, announced a strategic collaboration with OPay, a global fintech…
Ministry of Energy plans to host “Petroleum Conference 2024” in Islamabad
Petroleum Conference 2024 is scheduled to take place at a local hotel. This prestigious event brings together industry leaders, experts, and government stakeholders to highlight the industry challenges and discuss the latest trends, and…
ICJ issues emergency orders to Israel regarding Gaza conflict
In a significant development, the International Court of Justice (ICJ) has issued six emergency orders to Israel concerning its actions in the Gaza conflict.
K-Electric signs agreement with SAP to enhance productivity
Islamabad, 22 January, 2024 (GNP): K-Electric has decided to upgrade its SAP platform to S/4HANA Rise which is a Cloud Computing SAP software. The purpose of this data migration on cloud is to enhance the overall productivity of the…
4th meeting of CPEC joint working group on international cooperation and coordination
The 4th meeting of CPEC Joint Working Group on International Cooperation and Coordination (JWG-ICC) was held today in Islamabad.
Pakistan and Dubai signs $3 billion investment agreement in Davos
Pakistan and Dubai have signed a investment agreement exceeding $3 billion, encompassing collaboration in railways, economic zones, and infrastructure development.
iVerify fact-checking tool launched ahead of Pakistan’s general elections
In preparation for the forthcoming general elections on February 8, an independent and non-partisan fact-checking tool, iVerify, was officially launched at a ceremony held in Islamabad.
Disparity in punishments: Chief Justice Isa questions lawmakers’ disqualification
The Chief Justice Qazi Faez Isa, presiding over a case concerning the disqualification of lawmakers, raised critical questions regarding the disparity in punishments stipulated for identical offenses under Article 62(1)(f) and Article…
Houthi attacks prompt shipping suspensions in Red Sea
Houthi forces claimed responsibility for targeting two vessels in the Red Sea, citing “Israeli links,” prompting additional companies to suspend transit through the waterway.
Pakistan’s IT sector breakthrough: Policy shift boosts IT exports
Umar Saif, the Caretaker Federal Minister for Information Technology and Telecommunication, announced a major policy initiative on Monday in collaboration with the Special Investment Facilitation Council (SIFC) and the State Bank of…
Pakistan’s ambassador in Ethiopia boosts aviation ties with Ethiopian Airlines
Pakistan's ambassador in Ethiopia, Atif Mian, held a meeting with Lemma Gudeta, Chief Commercial Officer of Ethiopian Airlines, on Thursday.
USSEC and PPA forge partnership to elevate Pakistan’s poultry industry
In a signifcant development for Pakistan’s poultry sector, the U.S. Soybean Export Council (USSEC) and the Pakistan Poultry Association (PPA) forged a groundbreaking Memorandum of Understanding (MoU) during their meeting in Dubai, UAE on…
Kazakhstan-Pakistan bilateral meeting explores transport and logistics cooperation
A bilateral meeting between Arman Shakkaliev, Minister of Trade and Integration of Kazakhstan, and Gokhar Ejaz, Federal Minister of Commerce, Industry and Production of Pakistan, was held in Istanbul.
Caretaker Commerce Minister addressed China’s business community in Beijing
Pakistan's caretaker Commerce Minister, Dr. Gohar Ejaz, addressed the Chinese business community in Beijing, inviting Chinese businesses to invest in Pakistani enterprises and 'unlock mutual benefits.'
IT Minister enhances ties with Qatar, explores opportunities for Pakistani start-ups
Pakistan's IT minister Dr. Umar Saif is visiting Doha on 4-day visit to establish and foster bilateral business ties in IT sector between the two countries.
Karachi industrialists announce shutdown in protest of gas tariff hikes
Industrialists in Karachi, Pakistan's economic hub, declared a comprehensive production shutdown on Monday (Dec 4) to vehemently oppose the unprecedented surge in gas tariffs imposed by the caretaker government.
Government retains petrol price, cuts diesel cost amid IMF review
The caretaker government has opted to maintain the existing price of petrol at Rs 281.34 per litre while implementing a significant reduction in the price of high-speed diesel (HSD) by Rs 7 per litre for the upcoming fortnight.
Riyadh secures the bid to host World Expo in 2030.
Riyadh will host the Expo 2030 world’s fair, marking another successful hosting achievement for a Gulf nation, following Qatar’s hosting of the World Cup last year.
Saudi Arabia extends $3 billion deposit term to Pakistan.
The State Bank of Pakistan (SBP) announced today that the Kingdom of Saudi Arabia has extended the term for a $3 billion deposit to Pakistan for an additional year.
Vision Pakistan: Road to USD 100 billion exports, Pak China trade
Dr. Gohar Ejaz, the Minister of Commerce & Industry received the Jiang Zaidong, the Ambassador of China to Pakistan for a meeting to discuss Pakistan-China Economic cooperation especially in fields of trade and Investment.
IMF deal enhances Pakistan’s financial markets
After reaching a staff-level agreement with the International Monetary Fund (IMF), Pakistan’s benchmark KSE-100 index surged beyond 57,000 points, accompanied by a recovery in the rupee against the dollar.
Fly Jinnah expands flight frequency on key routes
fly Jinnah, Pakistan’s low-cost carrier, has announced an increase in its flight frequency on three key routes within its network. Starting from November 15, 2023, the airline will offer daily flights between Karachi and Quetta, Quetta and…
Uzbekistan – France: A Comprehensive High-level Partnership
France pays special attention to Central Asia as a region with an important geopolitical position, significant energy and other resources, and great economic, investment, transportation, communication and humanitarian potential.…
Expected decrease in fuel prices
According to sources, there is a possibility of a significant reduction in fuel prices starting from November 1.
Supreme court justice asserts accountability laws apply to armed forces and judge
Supreme Court Justice Mansoor Ali Shah issued a notable dissenting opinion on Monday, emphasizing that members of the armed forces and judges of constitutional courts are "fully liable" under accountability laws.
Chinese and Pakistani companies signed MOU to facilitate businesses of both countries
Chinese and Pakistani companies have taken a significant step towards enhancing their bilateral trade and business cooperation by signing a Memorandum of Understanding (MoU).
Four banks in Pakistan fined Rs83 million for regulatory breaches
“The State Bank of Pakistan (SBP) imposed fines on United Bank Limited (UBL), The Bank of Punjab (BoP), JS Bank Limited (JSBL), and Allied Bank Limited (ABL) for non-compliance with banking regulations.”
Pakistani and Chinese firms sign MoU to boost bilateral business
Guangzhou, Guangdong, 26 October 2023(GNP): In a landmark development, two prominent companies from Pakistan and China have inked a Memorandum of Understanding (MoU) to strengthen economic cooperation and promote educational exchange at…
Iranian delegation boosts automotive collaboration in Pakistan
Islamabad, 25 October, 2023(GNP): Muhammad Mudassir Tipu, Pakistan’s Ambassador to Iran, welcomed a delegation from the Iran Union of Automobile Spare Parts Manufacturers & Sellers at the Pakistan Embassy in Tehran today.
The…
Finance Ministry cracks down on daily allowance abuses by bureaucrats
The Ministry of Finance, in an effort to prevent the misuse of daily allowances funded by taxpayers, has imposed restrictions on payments to senior bureaucrats when traveling abroad on foreign invitations.
Snapshot of high-quality Belt & Road Cooperation between China & Latin America & the…
During my flight to Panama for a working visit not long ago, I looked out the window and saw cargo ships lined up by the locks on the Panama Canal to pass between the oceans.
Systems Limited and Temenos to unleash banking innovation at bank of the future forum 2023
Bank of the Future Forum 2023, one of the key banking and financial conferences in Pakistan, co-hosted by Systems Limited and Temenos, is set to take place on 5th October 2023 at PC Hotel Karachi.
Pakistan and Azerbaijan join hands for resilient, sustainable urban planning
Pakistan and Azerbaijan join hands for a Climate Resilient and Sustainable Urban Planning keeping in view the real challenges faced by the region.
Pakistan-GCC FTA initiates a promising era for trade and economic relations
In a historic moment, the Pakistan-Gulf Cooperation Council Free Trade Agreement (Pak-GCC FTA) was ceremoniously inked on the 12th of Rabiʽ al-Awwal, a day of great significance, at the GCC Headquarters in Riyadh. This ushers in a promising…
Gomel Economic Forum bolster Belarus-Pakistan economic ties
Ambassador of Pakistan to Belarus, Sajjad Haider Khan, participated in the Gomel Economic Forum held on 21 September.
Biosecurity sovereignty: Modern epidemic solutions
The Forum organized a thought provoking session on biosecurity titled "Biosecurity Sovereignty: Fighting Together or Every Man for Himself?"
U.S. delegation explores investment opportunities in Pakistan’s tech sector
A high-level US delegation to explore avenues for increased investment in Pakistan's burgeoning Electric Vehicle (EV), semiconductor, and Artificial Intelligence (AI) sectors by the Pakistani diaspora.
U.S. and Saudi Arabia in talks for $15 billion African mining investments
In a bid to secure crucial metals for their energy transitions, the United States and Saudi Arabia are engaged in discussions regarding investments in African mining assets, as reported by the Wall Street Journal. Sources with knowledge of…
G20 summit 2023: Key highlights and global agreements
The 2023 G20 summit concluded in New Delhi with leaders from the world's 20 major economies achieving significant consensus and taking substantial steps on various global issues. Here are the key takeaways:
Dutch court sentences Pakistani ex-cricketer for threatening Geert Wilders
Dutch court has sentenced former Pakistani cricketer Khalid Latif to 12 years in prison for inciting violence against Dutch far-right leader Geert Wilders. The court deemed Latif's statements as incitement to murder, sedition, and threats,…
Sherry Rehman urges ECP for election date clarity
Sherry Rehman, a prominent leader of the Pakistan Peoples Party (PPP), has called upon the Election Commission of Pakistan (ECP) to promptly announce the election date, addressing growing uncertainty in the nation.
World Bank and Pakistan discuss ongoing economic collaboration
Country Director World Bank called on Minister for Finance, Revenue, Economic Affairs and Privatization, Dr. Shamshad Akhtar.
امریکی معاونت سے پاکستانی تارکین وطن کی جانب سے چار کروڑ ڈالر کی سرمایہ کاری
ریاستہائے متحدہ امریکہ نے آج اسلام آباد میں امریکی ادارہ برائے بین الاقوامی ترقی ( یو ایس ایڈ) کی جانب سے منعقدکی جانے والی " پاکستان میں سرمایہ کاری کریں" کانفرنس میں اعلان کیا کہ امریکہ میں مقیم پاکستانی نژاد امریکیوں کی حوصلہ افزائی کی…
U.S.-Pakistani diaspora announces $44 million investment at USAID event
The United States announced the mobilization of more than $40 million in new U.S.-Pakistani diaspora investment at the USAID ‘Invest in Pakistan’ conference today in Islamabad.
British High Commissioner Jane Marriot meets Air Chief Marshal
Jane Marriott, British High Commissioner to Pakistan, met with Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, Pakistan Air Force, in a highly significant meeting held at Air Headquarters.
Saudi ambassador Nawaf Bin Said met caretaker finance minister Dr. Shamshd
Nawaf Bin Said Al-Malki, Ambassador of the Kingdom of Saudi Arabia called on Caretaker Minister for Finance, Revenue, Economic Affairs, and Privatization Dr. Shamshd Akhtar, at the Finance Division.
نگران وزیر خزانہ سے سعودی سفیر نواف بن سعید کی ملاقات
:اسلام آباد،۷ستمبر ۲۰۲۳ (جی این پی)
نگران وزیر خزانہ نے سعودی سفیر کا پرتپاک خیر مقدم کیا، وزارت خزانہ
ڈاکٹر شمشاد اختر نے پاکستان اور سعودی عرب کے درمیان دیرینہ تاریخی، مذہبی اور ثقافتی تعلقات کو سراہا
نگران وزیر خزانہ نے سعودی سفیر کو…
سربراہ پاک فضائیہ سے برطانوی ہائی کمشنر کی ملاقات
ملاقات میں باہمی دلچسپی کے امور، عصر حاضر کی جغرافیائی سیاسی صورتحال اور نئے ابھرتے ہوئے علاقائی سلامتی کے چیلنجز پر تبادلہ خیال۔ ترجمان پاک فضائیہ
ڈاکٹر گوہر اعجاز کی ترکمانستان کے سفیر سے ملاقات
وفاقی وزیر تجارت ڈاکٹر گوہر اعجاز اور ترکمانستان کے سفیر آتادجان موولاموف کے درمیان دوطرفہ تجارت میں اضافے کے لئے ایک اہم ملاقات
Government refutes fake notification on Rs5,000 currency notes ban
In a swift and decisive response, Caretaker Federal Minister for Information and Broadcasting, Murtaza Solangi, categorically refuted the authenticity of a purported notification circulating on social media, falsely claiming a ban on…
Indonesian ambassador urges Pakistani businesses to explore global niche markets
The Ambassador of Indonesia Adam Tugio urged the business community of Faisalabad to focus and research on global niche market for extra dividends and products expansion while taking into account products where Pakistan has comparative…
Foreign Minister Wang Yi met Italian counterpart Antonio Tajani
Chinese Foreign Minister Wang Yi met his Italian counterpart Antonio Tajani. The meeting took place in Beijing on Monday. The two foreign ministers held talks regarding bilateral relations and the Belt and Road Initiative (BRI). They also…
Israel inaugurates new embassy in Bahrain
Israel's Foreign Minister, Eli Cohen, visited Bahrain on Monday to celebrate the inauguration of Israel's new embassy in Manama. During the ceremony, both nations expressed their commitment to strengthening economic ties and trade…
Pak, Iran aim to strengthen economic and trade ties
Iranian Deputy Minister of Economics and Finance, Reza Bakhshi, engaged in discussions with Acting Secretary of Pakistan's Ministry of Economic Affairs, Humair Karim, to fortify cooperation and enhance economic ties between the two nations.
Pak-Iran-Turkey trade routes can be pivotal to China’s BRI project
The President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki chaired an effective think-tank meeting focused on the three-party trade ties among Pakistan, Turkey, and China, on Monday.
Tonnes of cocaine captured in Spain
Police and Customs officials on Friday announced the capture of 9.5 tonnes of cocaine. The reported shipments have been captured in the area of Algeciras. Cocaine was packed in Banana crates being transported from Ecuador through the port…
T-Mobile announces layoffs, impacting 5,000 employees
T-Mobile has recently revealed its intention to undertake a significant workforce reduction, resulting in the layoff of approximately 5,000 employees, which corresponds to around 7% of its overall workforce, over the next five weeks.
Affordable transport facilities for female students in Islamabad
Humak Girls College students residing in nearby areas will soon have the convenience of an online app to facilitate their commute to Model Town Humak.
PIA grounded 11 airplanes, three considered unrepairable
Pakistan International Airlines (PIA) has grounded 11 airplanes together with its Boeing 777s because the national airline is going through a severe financial crisis as the rates of dollars are increasing regularly as well as a surge in…
Kazakh President Tokayev’s visit to Vietnam spurs comprehensive cooperation agreements
President Kassym-Jomart Tokayev, who arrived in Hanoi on an official visit, held talks with the President of Vietnam, Vo Van Thuong.
فلائی جناح نے مسافروں کی سہولت کیلئے موبائل ایپ متعارف کرادی
پاکستان کی معروف سستی ترین ایئرلائن فلائی جناح نے نئی موبائل ایپلیکیشن متعارف کرادی ہے جو مسافروں کو بے مثال سہولیات کے ساتھ بلا تعطل منفرد سفری تجربہ فراہم کرنے کے لے پیش کی جا رہی ہے
Fly Jinnah launches Mobile App for enhanced passenger convenience
Fly Jinnah, Pakistan’s new low-cost carrier (LCC), announces the launch of its brand-new mobile application, designed to provide passengers with unparalleled convenience and a seamless travel experience.
Oil’s 7-week upward trend is in jeopardy
Oil prices increased by around a dollar per barrel on Friday on clear signs of shrinking United States production. Despite that, both crude benchmarks looked ready to conclude their longest rally of 2023 on soaring apprehensions regarding…
Bitcoin hits new two-month low as global market sell-off
The world's leading cryptocurrency, bitcoin, experienced a significant drop to a fresh two-month low as global markets faced a wave of risk-off sentiment. Following a 7.2% decline on Thursday, marking its largest single-day drop since…
COMSTECH hosts webinar on co-combustion of coal and biomass for clean electricity generation
COMSTECH organized webinar on “Co-combustion of Coal and Biomass for Clean Electricity Generation”, which was delivered by Prof. Dr. Shahid Munir, chairperson of Punjab higher education commission.
Private jet crash claimed 10 lives in Malaysia
In a devastating incident, a small private aircraft crashed on a highway on the outskirts of Kuala Lumpur in Malaysia, resulting in the loss of at least ten lives. The incident occurred when a Beechcraft Model 390 (Premier 1) aircraft, a…
7th China-South Asia Expo opens in Kunming, Yunnan Province
The 7th China-South Asia Expo and the 27th China Kunming Import and Export Fair (hereinafter referred to as the "7th South Expo") opened in Kunming, Yunnan Province on the 16th.
VinFast surpasses market valuation of Volkswagen and Ford
The market value of one of Vietnam's prominent automakers, VinFast, has risen above that of industry titans like Volkswagen and Ford.
Turkmenistan’s Energy Cooperation amidst Emerging Gas Alliances
Turkmenistan, being an active participant in international energy cooperation, pays great attention to the development of cooperation in the oil and gas sector with various states based on the principles of equal and mutually beneficial…
First International Agricultural Exhibition held in Karachi
At the invitation of the Trade Development Authority of Pakistan (TDAP), a representative delegation from Kazakhstan, composed of employees from the Ministry of Agriculture of the Republic of Kazakhstan and entrepreneurs working in the…
Enertech Holding of Kuwait Explores Green Energy Collaboration with K-Electric
Karachi, 11 August, 2023 (GNP): Pakistan’s energy landscape is rapidly changing, and clean energy is increasingly taking center stage. At EnerTech Holding, we have been exploring various markets and identifying partners in leading utilities…
Neelum-Jhelum Hydropower project restarted electricity generation
The 969 megawatts Neelum-Jhelum Hydropower Project has restarted electricity generation after a year-long break, following the regeneration of its tail race tunnel, as Water and Power Development Authority (WAPDA) stated on Wednesday.
British team observed security measures at Islamabad airport in place
The British security team of the Department for Transport (DFT) has concluded its official visit with a sense of satisfaction that security measures were in place at the Islamabad International Airport on Friday.
Energy stocks are surging as oil prices rise 20%
Energy stocks have staged an impressive comeback, surging after a sluggish start earlier this year. During the third quarter, the energy sector of the S&P 500 index outperformed the benchmark, boasting a gain of over 6%.
Govt announces increase in petrol and diesel prices
The Government of Pakistan has announced a substantial hike in petrol and diesel prices, with the new rates set at Rs272.95 and Rs273.40 per litre, respectively. The decision came as a response to the recent surge in international prices…
پاکستان منرلز سمٹ اسلام آباد میں منگل کو ہوگی
اسلام آباد، 30 جولائی 2023(جی این پی): ”پاکستان منرلز سمٹ۔ ڈسٹ ٹو ڈویلپمنٹ۔ پاکستان میں سرمایہ کاری کے مواقع“ کی میزبانی حکومت پاکستان کرے گی۔ بیرک گولڈ کارپوریشن کی اسپانسر شب میں یکم اگست 2023 بروز منگل اسلام آباد میں ہونے والی کانفرنس…
New Gwadar International Airport to be inaugurated soon
The new Gwadar International Airport, a flagship project under the China-Pakistan Economic Corridor (CPEC) is soon to be inaugurated as revealed by the Commercial Counsellor of the Pakistani Embassy in Beijing Ghulam Qadir on Tuesday.
FM Bilawal discusses Black Sea Grain Initiative with Russian counterpart
Foreign Minister Bilawal Bhutto-Zardari and his Russian counterpart Sergei Lavrov discussed the Black Sea Grain Initiative (BSGI) in a telephone conversation on bilateral issues on Wednesday, according to a statement issued by the Foreign…
Pakistan signed framework agreement with Azerbaijan for LNG procurement
Pakistan and Azerbaijan have joined hands to secure a framework agreement for Liquefied Natural Gas (LNG) procurement with flexible terms.
PIA cleared remote audit by EASA
The European Aviation Safety Agency (EASA) has cleared the Pakistan International Airlines (PIA) in its remote audit which took off another barrier in the restoration of PIA's flight operations to European land.
Rs15 radio fee to be added in electricity bills
The Ministry of Information and Broadcasting has presented a summary for charging a radio license fee of Rs15 through electricity bills.
Islamabad airport to be outsourced for 15 Years
Aviation Minister Khawaja Saad Rafique made a significant announcement in the National Assembly revealing the government's plan to outsource Islamabad Airport for 15 years. He clarified that navigational services and runway operations will…
PPDA calls for nationwide strike on 22 July
The Pakistan Petroleum Dealers Association (PPDA) announced a nationwide strike on 22 July, demanding an increase in profit margins due to the overwhelming impact of surging inflation.
SBP’s forex reserves almost double, exceeding $8 Billion
The State Bank of Pakistan (SBP) has announced a significant surge in its foreign exchange reserves, which increased by $4.2 billion to $8.7bn during the week ending July 14, as reported in an official statement by the central bank.
UAE signed $1.9bn deal with DR Congo for mining development
The United Arab Emirates (UAE) has inked a historic $1.9 billion agreement with Societe Aurifere du Kivu et du Maniema (Sakima), a state mining company in the Democratic Republic of the Congo (DRC), to develop at least four mines in the…
Parvez Elahi detained for 30 days under MPO section 3
In a recent development, Parvez Elahi, President of the Pakistan Tehreek-e-Insaf (PTI) and former Chief Minister of Punjab, has been ordered to be detained for 30 days at Lahore's Camp Jail under Section 3 of the Maintenance of Public Order…
CJP urges implementation of population management laws and policies in Pakistan
Chief Justice of Pakistan, Justice Umar Atta Bandial, called for the effective implementation of laws and policies that promote population management in the country.
Eroding dollar: loss of US hegemony
Countries opting out for Yuan and other currencies other than the US dollar is a signal of declining value of Washington and the dollar.
IMF new $3bn loan program to support Pakistan’s economic stabilization
The International Monetary Fund (IMF) has announced that the recently approved $3 billion loan programme will play a vital role in stabilizing Pakistan's economic situation and meeting its balance of payments needs.
PM Shehbaz inaugurates Chashma-5 nuclear power plant
Prime Minister Shehbaz Sharif, along with Chinese officials, performed the groundbreaking ceremony the of 1200 megawatts Chashma-5 nuclear power plant in Mianwali. In his address, the Prime Minister assured that the risk of potential…
Historical Pakistan embassy in Washington sold for $7.1 million
The federal government has successfully concluded the sale of a government-owned historical building in downtown Washington, DC, in compliance with its instructions.
Ishaq Dar sought standard plan for outsourcing of airport
The Federal Minister for Finance and Revenue Ishaq Dar on Wednesday looked for a comprehensive roadmap, executed with timelines, to well assist the outsourcing of the first airport in Pakistan. The objective is to upgrade the service…
Pakistan receives $1bn from UAE, bolstering foreign exchange reserves
Finance Minister Ishaq Dar announced on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion into the State Bank of Pakistan, bolstering the country's declining foreign exchange reserves. The timely financial support from…
Virgin Atlantic ends flight operations in Pakistan
Virgin Atlantic ran its last commercial flight on Sunday from Islamabad International Airport after announcing earlier this year that it will discontinue flight operations between London Heathrow, Islamabad, and Lahore.
The role of international observation in democratic elections
The participation of international organizations and foreign observers in elections is essential for the open and transparent conduct of democratic elections. At the same time, international election observation helps ensure the…
Hague court renders verdict in Indus River Water dispute: Ruling favors Pakistan
The Permanent Court of Arbitration (PCA) in The Hague has rejected India's objections to a Pakistan-initiated procedure over water use in the Indus River basin, signaling a significant development in the long-standing dispute between the…
Airbus launches new Wing Development Technology Centre
Airbus has announced its latest state-of-the-art Wing Technology Development Centre (WTDC) at its Filton site in Southwest England.
SC permitted PIA to appoint 205 experienced employees
The Supreme Court authorized Pakistan International Airlines (PIA) on Wednesday to hire 205 skilled employees while standing over the enrollment of 45 others.
Govt assured IMF of no new tax amnesty in upcoming 9 months
Prime Minister Shehbaz Sharif stated on Wednesday that there has been a positive indication that the country would get the approval of a $3 billion short-term bailout from the International Monetary Fund (IMF) board when it meets on 12 July…
Shoaib Akhtar secures stay order against unauthorized biopic ‘Rawalpindi Express’
Former national fast bowler Shoaib Akhtar has obtained a stay order against the film 'Rawalpindi Express' based on his life. In a tweet, Akhtar revealed that despite terminating the contract for the film, he was being threatened by certain…
PM Shehbaz urged the need to construct a framework for economic stability
The Prime Minister of Pakistan Shehbaz Sharif said on Monday that the International Monetary Fund (IMF) agreement is a "breather" and a "moment of concern" at the same time. He asked all the national institutions to make a collective effort…
Fitch and Moody’s predicted economic instability despite IMF deal
The two prominent global rating agencies, Fitch and Moody's have predicted that Pakistan will be in need of more funds than it is currently getting from the International Monetary Fund (IMF) to assist its economy and meet its debt…
International investment forum held in Arkadag
Arkadag, 4th July, 2023 (GNP): On June 30, 2023, the International Investment Forum "Arkadag - a "smart" city" was held in the conference hall of the “Markav Hotel” in the new city, which brought together delegates from around the world, as…
Saudi Arabia and UAE gear up to invest in Pakistan
Dr. Musadik Malik, the Minister of State of Petroleum announced that the Kingdom of Saudi Arabia and the United Arab Emirates (UAE) are willing to gear up investments in Pakistan.
Pakistan and Japan strengthen bilateral ties during Foreign Minister Bilawal Bhutto’s visit
The Foreign Minister of Pakistan, Bilawal Bhutto-Zardari, embarked on his maiden visit to Japan since assuming office last year, aimed at further strengthening the bilateral cooperation between the two nations. During his visit, the…
Second Russian crude oil cargo arrives at Karachi port
A discounted cargo of 55,000 tonnes of Russian crude oil has arrived at the Karachi port, marking the second shipment as part of a deal between Islamabad and Moscow.
Government decides to lease out Islamabad airport
The government has decided to lease out New Islamabad International Airport to international investors in the first phase. This decision came after the government faced practical difficulties in outsourcing the Karachi and Lahore airports.
Govt to impose Rs215bn additional taxes to seal IMF deal
Finance Minister Ishaq Dar informed the National Assembly on Saturday that the government has agreed to implement Rs215 billion in new taxes. This move came as a final attempt to revive the stagnant International Monetary Fund (IMF) loan…
Govt is willing to make adjustments with IMF
The government of Pakistan and the International Monetary Fund (IMF) reduced their differences after the government agreed to make adjustments to the budget and also withdrew import restrictions.
World Bank and IMF steps up to bolster crisis financing
The World Bank (WB) on Thursday, announced financial facilitation for the vulnerable countries hit by natural disasters at the Paris Summit. Simultaneously, the International Monetary Fund (IMF) stepped up to provide $100 billion in Special…
Pakistani cherries primed for export to China
Pakistan’s ambassador to China has announced that Pakistani cherries will be exported to Chinese consumer markets, soon after signing the China-Pakistan protocol for cherry exports.
Intel to invest $33 Billion in Germany in landmark expansion
Intel and the German government signed an agreement on Monday under which the US will spend more than 30 billion euros ($33 billion) in Germany to develop two chip-making plants in the eastern city of Magdeburg as part of its expansion push…
Pakistan plans to hand over Karachi port terminals to UAE
The government of Pakistan formed a negotiation committee to settle a deal with the United Arab Emirates (UAE) to hand over the Karachi port terminals on Monday.
Mercedes-Benz to incorporate ChatGPT in upcoming car models.
Mercedes-Benz is making waves in the automotive industry by embracing the potential of artificial intelligence (AI) with its latest integration of ChatGPT into its vehicles. This advanced language model, known for its eerily human-like…
New UK initiative will boost trade with Pakistan
The United Kingdom’s Developing Countries Trading Scheme (DCTS) has now entered into effect, providing tariff reductions and simpler terms of trade to Pakistan and 64 other countries.
Pakistani business woman nominated for global woman inspiration award
Huma Fakhar is the first Pakistani businesswoman to receive a nomination for the United Kingdom-based Global Woman Inspiration award for her exceptional contributions to Pakistan's business and social sector.
Twitter to focus on video, commerce in business revamp
Twitter is betting on video and commerce to drive future growth. The company is in early conversations with political and entertainment figures, payments services, and news and media publishers to develop new partnerships that will help it…
Shell announces departure from Pakistan’s oil market after 75 years.
Shell Petroleum Company Ltd. (Shell) announced on Wednesday its decision to divest its 77 percent stake in Shell Pakistan Ltd., signifying its withdrawal from Pakistan following a successful 75-year presence.
YouTube eases monetization policy to help more creators earn money
"We want to make it easier for everyone to make money on YouTube,” said Neal Mohan, Chief Product Officer at YouTube. “By lowering the monetization requirements, we’re opening up the opportunity for more creators to earn a living from their…
Finance Minister Ishaq Dar dismisses rumors of failed talks with IMF
Finance Minister Senator Ishaq Dar has dismissed rumors of failed talks between Pakistan and the International Monetary Fund (IMF), emphasizing that negotiations are still ongoing.
IMF unsatisfied with the FY2024 budget
The International Monetary Fund (IMF) is unsatisfied with Pakistan's budget 2023-24 and pointed many faults out in it on Wednesday.
Land transfer dispute turns deadly: Triple murder case in Pakpattan
In a shocking incident, a man has been accused of murdering his wife, her father, and her brother over a land transfer dispute that has left the community in deep shock and sorrow. The incident took place on Sunday in Sham Kot village,…
5Es framework roadmap to revive the economy of Pakistan
To revive the economy, the government has laid out a roadmap for the execution of numerous projects within the 5Es framework: exports, e-Pakistan, environment, energy and infrastructure, and equality and empowerment.
SCAT Airlines launched new flight operations to Pakistan
SCAT airlines, a Kazakh airline has announced to launch its new flights operation to Pakistan. The inaugural flight will be in Lahore airport on 8 July.
PM approved program for youth, women and farmers in budget 2023-4
In the next fiscal year, the youth would be provided interest free loans and an endowment fund would be established for education and sports.
وفاقی بجٹ 2023، ٹیلی کام اور آئی ٹی سیکٹر کیلئے بجٹ تجاویز
نٹ شیل گروپ کے بانی و سی ای او، سابق وزیر مملکت اور چیئرمین بورڈ آف انویسٹمنٹ (بی او آئی) محمد اظفر احسن کا کہنا ہے کہ پاکستانی معیشت کی ترقی میں ٹیلی کمیونی کیشن/ سیلولر انڈسٹری کا اہم کردار ہے، جسے تسلیم کیا جانا ضروری ہے۔
TAPI to further strenghthen energy security of Pakistan and region
TAPI is a critical component of our government’s vision for ensuring Pakistan’s energy security, bringing economic growth and prosperity to Pakistan and the entire region.
TAPI energy project: Officials from Turkmenistan and Pakistan met in Islamabad
The delegation of Turkmenistan arrived in Islamabad for a two-day visit to discuss the implementation of the TAPI Gas Pipeline Project and the TAP Power Transmission Line Project.
Oil rises 1% on Saudi plan to deepen output cuts from July
Oil prices rose $1 per barrel on Monday due to Saudi Arabia's pledge to reduce output by an additional 1 million barrels.
Microsoft to pay $20M over child privacy violation
According to officials, Microsoft would pay $20 million to settle government charges that it illegally obtained personal data from children without their parent’s consent.
Can Pakistan-IMF deadlock see a breakthrough?
As Prime Minister Shehbaz Sharif stated his optimism to settle the deal with the International Monetary Fund (IMF), rumors have arisen that the world's top lender may combine the 9th and 10th reviews with the bailout plan for Pakistan set…
Pakistan committed to increase trade with Turkey by $5 billion
Prime Minister Shahbaz Sharif remains expectant to reach $5 billion in bilateral trade over the next three years.
Pakistan’s trailblazing barter trade with Russia, Iran and Afghanistan
The groundbreaking move aims to alleviate pressure on Pakistan’s foreign exchange reserves.
6th leaders in Islamabad business summit concluded
Nutshell Conferences Group and Martin Dow Group, in strategic partnership with Overseas Investors Chamber of Commerce and Industry (OICCI), and Unity Foods Limited, concluded the 6th Edition of the LEADERS IN ISLAMABAD BUSINESS SUMMIT.
Dr. Aafia Siddiqui meets her sister after 20 years
A Pakistani senator who helped arrange the meeting reported on Wednesday an emotional reunion between Dr. Aafia Siddiqui and her sister after almost 20 years apart.
Leaders in Islamabad Business Summit 2023
6th edition of leaders in Islamabad Summit held on Wednesday under the them "The Big Rethink."
Pakistan government set to share budget details with IMF
Pakistan is ready to share all budget details with IMF to revive the 6.5 billion program.
Government requests recusal of CJP and two other judges from audio leaks commission pleas
Government requests the recusal of CJP and two other judges from audio leaks commission pleas, citing alleged bias.
Elon Musk lands in China for Tesla talks
Elon Musk, the CEO of Tesla Inc. (TSLA.O), landed in Beijing on a private jet on his first trip to China in three years.
First China-made commercial aircraft will fly from Shanghai to Beijing on Sunday
Beijing, 27 May 2023 (GNP): According to China Eastern Airlines, the first China-made commercial aircraft, known as C919, will fly from Shanghai to Beijing on Sunday. The information provider VariFlight has said that the flight will last…
Leaders in Islamabad business summit 2023
The 6th edition of Pakistan’s biggest corporate event, Leaders in Islamabad business summit 2023 (LIIBS), will take place from 31 May till 1 June, 2023, at a local hotel in Islamabad.
IBA director’s training program boosts Islamabad’s business community
IBA Center for Executive Education made a significant stride towards nurturing the expansion of the business community in Islamabad.
SAP digitizes Pakistan’s public enterprise
Saquib Ahmad, Managing Director, SAP Pakistan, Iraq and Afghanistan, interacted with the media at a local hotel in Islamabad on Tuesday.
ایس اے پی اور پاکستان حکومت پبلک انٹرپرائزز کو جدیدکرنے کیلئے کوشاں
ایس اے پی اور حکومت پاکستان کی جانب سے عوامی شعبے کے اداروں اور محکموں کو ڈیجیٹل ذرائع سے جدید خطوط پر استوار کرنے کی مشترکہ کوششوں کو اجاگر کیا
China-Central Asia Summit: Xian Declaration
The result of friendly exchanges between the parties, mutual understanding on various issues and guidelines for future were summed up in the Xian declaration.
Pakistan-Russia to launch Direct Shipping Service
An official claimed on Thursday that a Pakistan-Russia Direct Shipping service is set to start operations later this month, enhancing commercial access for Pakistani goods in the profitable Russian market.
Republicans stalls US Debt Crisis Talks
Less than two weeks before a potentially terrible default, House Speaker Kevin McCarthy announced on Friday that Republicans have suspended crucial US debt crisis talks due to a lack of movement from Democrats.
Kazakhstan, Pakistan realizing Promising Collaboration and Mutual Benefits
In a remarkable display of diplomatic camaraderie, Ambassador Yerzhan Kistafin of Kazakhstan engaged in a fruitful meeting with Minister Rana Ihsaan Afzal Khan, the Minister of Coordinator for Commerce and Industry in Pakistan, along with…
پاکستان میں امریکی کمپنیوں کی کامیابی ملکی کاروبار کی آئینہ دار
امریکی ملٹٰی نیشنل کارپوریشنز کے منافع بخش کاروبار دیگر سرمایہ کاروں اور کاروباری برادری کے لئے نہ صرف ملکی 24 کروڑ آبادی سے فائدہ اٹھانے کے لئے باعث ترغیب ہونا چاہیے
Pepsico investing millions in Pakistan annually
Mohammad Khosa informed that PEPSICO was investing $ 80-90 million in Pakistan every year.
Pakistan and Iran inaugurates border marketplace
Bilateral agreements are meant to promote regional trade, transit, and overall connectivity.
Pakistan is not backtracking from IMF Programme, claims State Minister
Pakistan's state minister for finance and Revenue Dr Aisha Ghaus Pasha categorically denied on Wednesday that Pakistan is not backtracking from the IMF programme.
کے۔ الیکٹرک نے مقامی وسائل سے بجلی کی پیداوار کے حصول کیلئے ملٹی پارٹی ایم او یو پر دستخط کردیے
مقامی ذرائع سے بجلی کی پیداوار بڑھانے اور سب کے لیے سستی توانائی کا حصول یقینی بنانے کے عزم کے ساتھ، کے۔ الیکٹرک نے حکومت سندھ، اوریکل پاور اور پاورچائنا کے ساتھ تھر کے کوئلے سے چلنے والے 1320 میگاواٹ کے پاور پراجیکٹس لگانے کے لیے مفاہمت کی…
Government announced price-cuts in petrol prices
Federal government has announced massive price-cuts on petroleum products on Monday.
Russia developing North-South International Transport Corridor with Eurasian countries
Russia and Eurasian countries are planning a large-scale development of the North-South international transport corridor.
PKR made a sharp recovery against US Dollar
PKR regained 4.86 per cent of its value against the US Dollar in the interbank market, after losing almost 3pc the day before.
EU imposes sanctions on Chinese companies
The European Union has suggested imposing sanctions on Chinese companies for allegedly selling equipment that could potentially aid Russia's military efforts.
Google and Sonos set for patent war
On Monday, a San Francisco court trial will pit Alphabet's Google LLC and Sonos Inc. against one another over accusations that Google stole Sonos' patented smart-speaker technology in wireless audio products including Google Home and…
The Northern Mecca: What has the Islamic World created in Russia
On May 18-21, representatives of 72 countries will gather in the most northern point of Islamic culture distribution – the Russian region of the Republic of Tatarstan. The XIV International Economic Forum Russia - Islamic World: KazanForum…
Russia – Islamic World Economic Forum: KazanForum
On May 18-20, 2023 in the capital of the Republic of Tatarstan at the International Exhibition Center Kazan Expo will be held
کے۔ الیکٹرک کے جنریشن ٹیرف کی درخواست پر نیپرا کی عوامی سماعت
یہ بات اہم پے کہ اس سماعت اور اس کے فیصلے سے صارفین کو جاری کردہ ماہانہ بلوں کے ٹیرف پر ممکنہ طور پر کوئی نہ ہوگی کیونکہ یہ بل یکساں یا برابرری کی ٹیرف پالیسی کے تحت جاری کئے جاتے ہیں
NEPRA concludes public hearing on K-electric’s generation tariff petition
It is pertinent to note that this hearing and its decision is expected to not have any impact on the consumer tariff charged in monthly bills issued to customers.
China Merchants Group to invest $2 billion in Sri Lanka.
China Merchants Group (CMG), a leading state-owned enterprise in China, announced on Monday that it plans to invest $2 billion
Perez leads Red Bull 1-2 at Azerbaijan Grand Prix.
At the Azerbaijan Grand Prix on Sunday, Sergio Perez won for the second time this year and for the sixth time in his career.
ZONERGY Corporation Displayed its Smart Products in South African Market
ZONERGY Corporation displayed its Smart Products at South Africa’s Largest Solar Energy Exhibition
US Dollar’s Global Dominance Challenged
The US dollar, as the leading global currency, has long been the preferred form of payment for investors as the most important global currency but that status is now coming under a mounting threat.
Disney files suit against Florida Government
Walt Disney Co. filed a lawsuit against Florida's Republican Governor Ron DeSantis on Wednesday, seeking the court to turn down state attempts of regulating Walt Disney World theme parks and escalating issues between the World's largest…
Migrant Pushbacks Legalized by Lithuanian Parliament
Lithuanian Parliament passed a bill on Tuesday to not grant acceptance to asylum seekers by legalizing the Migrant pushbacks.
FrieslandCampina Engro Pakistan Limited posts strong financial results in Q1, 2023
The Company reported a revenue of PKR 22,651 million in the first quarter, showcasing 62% topline growth versus last year, driven by mix improvement, widening our distribution footprint, and volume growth in both, the Dairy-Based Products…
Air France and Airbus Acquitted by French Court
Air France and Airbus were cleared of all charges on Monday after a French court concluded that it was unable to prove that the two companies' faults were to blame for the 2009 accident of a Rio-Paris aircraft.
جرمن فرم (ایس اے پی ) نے پاکستانی ریٹیل اسٹور امتیاز کے ساتھ اشتراک کر لیا۔
جرمن ٹیکنالوجی فرم ایس اے پی کا پاکستانی ریٹیل سٹور امتیاز سپر مارکیٹ سے بلاتعطل آپریشنز کے لئے معاہدہ. عوامی خدمات کے سرکاری اور نجی اداروں کی ایس اے پی سافٹ وئیرز سے کاردکرگی میں اضافہ ہوا ہے
Poland and Hungary Bans Ukrainian Grain
Poland and Hungary banned imports of Ukrainian grain and other food products on Saturday amid a spike in low-cost products.
German Firm (SAP) collaborate with Pakistani retail store Imtiaz
German technology firm (SAP) extends partnership with Pakistani retail store Imtiaz Supermarket for seamless operations. SAP software has enhanced the efficiency of public and private organizations.
French court approves Macron’s pension reform
On Friday, France's constitutional court approved Macron's pension reform, permitting him to execute the controversial revisions that have provoked months of rallies and strikes.
Twitter’s Ad Revenue Expects 28% Drop in 2023
Twitter’s Ad Revenue Expects a 28% Drop in 2023 as the site stumbles under Elon Musk's Management.
Tesla to Build Shanghai Battery Plant
Tesla's CEO, Elon Musk, revealed on Sunday that his company will build a Shanghai plant to produce 10,000 huge batteries per year for electric producers and distributors.
US urges Turkiye to stop trade with Russia
In recent days, the United States cautioned Turkiye to stop trade with Russia of chemicals, microchips, and other items that may be used in Moscow's military assault in Ukraine.
Bazaar Prime: B2B e-commerce’s exclusive distribution arm
Bazaar, Pakistan’s leading B2B e-commerce platform for 5M+ businesses, launches Bazaar Prime - its exclusive market distribution arm for retail suppliers and manufacturers
یونٹی فوڈز اور نٹ شیل کمیونی کیشنز کے مابین کمیونی کیشن اینڈ اسٹریٹجک انگیجمنٹ کیلئے اشتراک
یونٹی فوڈز، پاکستان اسٹاک ایکسچینج (پی ایس ایکس) میں درج ایک نجی کمپنی ہے، جو اپنے فلیگ شپ برانڈ سنرج سمیت مختلف مشہور فوڈ برانڈز تیار کرتی ہے۔
Unity Foods partners with Nutshell Communications for PR and strategy
Unity Foods Limited, a leading food producer and supplier to the nation’s food security system, entered into a Communications and Strategic Engagements partnership with Nutshell Communications (Private) Limited.
Commerce Ministry denies rumors of Pak-Israel Trade
Islamabad, 3 April 2023 (GNP): Islamabad referred to the claims as "sheer propaganda" on Sunday amid social media rumors about the atypical trade between Pakistan and Israel went viral in response to a tweet from a Jewish merchant…
Boosting Trade: President Pakistan Prioritizes Tajikistan
The President told the ambassador that Pakistan and Tajikistan had long-standing historical and cultural ties and that as part of its "Vision Central Asia" programme, Pakistan sought to develop stronger, more productive relationships with…
صدر عارف علوی سے تاجکستان میں پاکستان کے سفیر محمد سعید سرور کی ملاقات
اسلام آباد، 28 مارچ 2023 (جی این پی) : صدر عارف علوی سے تاجکستان میں پاکستان کے نامزد سفیر محمد سعید سرور کی ملاقات
صدر مملکت کا تاجکستان کے ساتھ تجارتی و اقتصادی تعلقات کو وسعت دینے پر زور
دونوں برادر ممالک کی ترقی کیلئے تجارت اور…
Key agreements between Canada and US
In addition to agreements between Canada and US, the leaders discussed the importance of taking bold and ambitious action to fight climate change and protect nature.
Government will facilitate investors and industrialists in Pakistan
Prime Minister on Industry and investments
Shahid Khaqan Abbasi demands action on Toshakhana swindling
Shahid Khaqan Abbasi on Toshakhana
POWERCHINA marks 10th CPEC anniversary, aims at green Pakistan
Gwadar, 10 March 2023 (GNP): The Belt and Road Initiative (BRI), which was initiated by China, will celebrate its 10th anniversary this year, along with the China-Pakistan Economic Corridor (CPEC), which is why POWERCHINA is celebrating its…
Zonergy Corporation excels in exhibition “Solar Pakistan”
Lahore, 10 March 2023 (GNP): Zonergy Corporation, a leading provider of renewable energy storage solutions, participated in the 12th edition of the SOLAR PAKISTAN Exhibition and 5th edition of the Electricity Pakistan Exhibition at Expo…
Zonergy Corporation made Strong Debut at Middle East Energy Dubai 2023
Abu Dhabi, 9 March 2023 (GNP): In the three-day Middle East Energy Dubai 2023, which was formally inaugurated at the Dubai World Trade Center, Zonergy Corporation had an amazing debut. The firm, Zonergy Corporation, presents its Smart…
Ambassador explores expanding trade between Pakistan and Indonesia
Islamabad, 7 March 2023 (GNP): Adam M. Tugio, the Indonesian ambassador to Pakistan, paid a courtesy visit to Syed Murtaza Mahmud, the federal minister for industries and production of Pakistan, on March 7, 2023, to discuss efforts to…
Pakistan enhances risk score on global AML index
International risk score of Pakistani banks
Litigation threats after Iran claims $18b for IP pipeline
Iran Pakistan gas pipeline issue
Qatar Investment Authority’s CEO discusses investment proposals with PM Shehbaz Sharif
Doha, 6 March 2023 (GNP): Mansoor Ebrahim Al-Mahmoud, the Chief Executive Officer (CEO) of the Qatar Investment Authority (QIA), met with Prime Minister Shehbaz Sharif in Doha to discuss the status of numerous investment projects in a…
Government bans traditional manufacturing of electric fans and bulbs
Government of Pakistan ban on traditional fans and bulbs
Pakistani Exports Fall for 6th Consecutive Month in February
Continuously falling exports of Pakistan
Pakistan inflation all time high- PBS
Islamabad, 2 March 2023 (GNP): According to the Pakistan Bureau of Statistics(PBS), the Consumer Price Index (CPI) measured inflation and showed an increase by 31.5 percent in February while a year back, there wasn't inflation to this…
Government will charge consumers up to Rs15 per unit for fuel cost
Government charges for fuel consumption
DHL Pakistan suspends its ‘Import Express Product’ from March 15
DHL Pakistan limiting weight
SC suo motu; bench hears about KP and Punjab elections
Supreme Court of Pakistan suo motu on elections
Government of Pakistan tax relief for foreign investors
Governmentt of Pakistan tax relaxation
Government acting swiftly to stabilize Economy, says PM Shehbaz
PM Shehbaz on country's economy
Azerbaijan and UAE signs MoU to cooperate in field of banks
Abu Dhabi, 20 February 2023 (GNP): On February 15, the UAE Banks Association and the Azerbaijan Banks Association signed a Memorandum of Understanding (MoU) to extend the sharing of interactions and enhance the growth of the banking and…
Metal and cement sectors to suffer from high gas prices
Gas price hike in Pakistan
Tenth round of sanctions by EU against Russia
Brussels, 16 February 2023 (GNP): By introducing the tenth round of sanctions, the European Union (EU) exerted significant pressure on Russia.
The European Commission President, Ursula von der Leyen, announced the package and observed…
Auto sales decreased to a 31-month low
Islamabad, 14 February 2023 (GNP): 10,867 units were sold, a 31-month low, in January 2023 as a result of a partial suspension of small car production due to restricted parts imports and an increase in price following a sharp depreciation…
British Virgin Atlantic to suspend operations in Pakistan
British Airlines suspended its services in Pakistan
Two Pakistani institutions team up to promote CPEC, BRI and Pakistan-China friendship
Islamabad, 14 February 2023 (GNP): The China Study Centre, COMSATS University Islamabad, and Centre for BRI and China Studies – Institute of Peace and Diplomatic Studies, Pakistan, signed a memorandum of understanding (MoU) at Junaid Zaidi…
Elon Musk fires top engineer for his low Tweet reach
Elon musk and his low tweet reach
Microsoft is on AI technology in Word and PowerPoint
New AI technology of Microsoft
MG showcases vintage car at all MG dealerships
MG vintage cars exhibition in Pakistan
FPCCI strengthens business and investment connections with Bulgaria
Islamabad, 11 February 2023 (GNP): Irena Gancheva, the ambassador of Bulgaria to Pakistan, and Irfan Iqbal Shaikh, the president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), met in person.
The officials spoke…
Pakistani economy will survive in 2023
The likely state of Pakistan economy in the year 2023
Google’s Alphabet Inc lost $100 billion shares in the market
The tech company shared a brief animated GIF video showcasing Bard on Twitter and advertised it as a tool to simplify complicated subjects and act as a "launcher for inquisitiveness." However, before the launch event in Paris, an erroneous…
بازار نے پاکستان میں کاروبار کےلئے خام مال کی فراہمی کا پلیٹ فارم بازار انڈسٹریل متعارف کرادیا
Bazaar launched a digital platform for Pakistani industries
Bazaar launches Bazaar Industrial in Pakistan
Bazaar is one the leading B2B Pakistani platform
Indonesia is keen to invest more in Pakistan
The Ambassador of Indonesia told Pakistani investors that Indonesian investors could invest more in Pakistan
Microchip Industry and World’s obsession
The microchip industry has been growing at an exponential pace for several decades, playing a crucial role in the development of modern technology. From smartphones and laptops to cars and medical devices, microchips are the building blocks…
Pakistan to pay $22 billion in debts in coming year
Pakistan has to pay a staggering amount of $21.95 billion in the coming year. This is huge amount for Pakistan already in very fragile economic position.
Largest oil refinery in Pakistan shuts down temporarily
Islamabad, 7 January 2023 (GNP): Due to the US dollar shortage and significant rupee devaluation, Pakistan's largest oil refinery, the Cnergyico refinery, has faced a crude oil shortage and has been closed for approximately a week.
An…
Investing in Your Future with Spain’s Golden Visa Program
Spain's Golden Visa Program is a residency by investment program that allows non-European Union citizens to obtain a residency permit in Spain by investing in Spanish real estate. The minimum investment required is 500,000 euros, which can…
Today’s Gold Prices
Islamabad, 3 February 2023 (GNP): The price of gold (24 carats) climbed by Rs 3,500 per tola and Rps 3,000 per 10 kilos to settle at Rps 205,000 and Rps 175,754, respectively, according to data issued by the All-Pakistan Sarafa Gems and…
Pakistan’s beverage industry opposes sugar tax
Islamabad, 3 February 2023 (GNP): Pepsi and Coke recently met with the Finance Ministry of Pakistan and promised to get loans worth about $200 million from their parent businesses to inject money into the nation. The Finance Ministry agreed…
Toyota shuts down temporarily
Islamabad, 3 February 2023 (GNP): The manufacturer of Toyota automobiles, Indus Motor Company (IMC), has decided to shut down all operations at its Pakistani manufacturing facility from February 1 through February 14 due to an inventory…
Pakistan’s Inflation rate all time high
Islamabad, 2 February 2023 (GNP): Owing to record-breaking currency depreciation, higher taxes, and rising electricity prices, Pakistan is experiencing its highest level of inflation. This is largely due to a double-digit increase in the…
UK, only G7 economy to decline in 2023
London, 31 January 2023 (GNP): The IMF did add, though, that it currently believes the UK economy is "on track" following the Autumn Statement. The UK did better than many expectations last year, according to Chancellor Jeremy Hunt. Instead…
Latest dollar to Pakistani rupee rate
Islamabad, 30 January 2023 (GNP): The Pakistani rupee rate dropped by Rps 6.5 to the dollar (2.32%) in today's interbank market activity, reaching a new record low of Rps 270.
In an effort to persuade International Monetary Fund (IMF)…
Petrol rate update: new price hike
Islamabad, 30 January 2023 (GNP): Ishaq Dar, the finance minister of Pakistan, in a recent conference, announced that the federal government has raised the cost of gasoline and fuel by Rupees 35. Following the elimination of the informal…
Majlis 2023: Two-day Global conference
Islamabad, 30 January 2023 (GNP): The Entrepreneurs' Organization (EO) Islamabad Chapter organized the global conference "Majlis 2023," which got underway on January 28, 2023, at the Serena Hotel in Islamabad.
An introduction to the…
Foreign credit influxes decline
Islamabad, 28 January 2023 (GNP): Due to its tardiness in making a decision over restarting the International Monetary Fund (IMF) loan programme, Pakistan received only $5.6 billion in foreign loans during the first half of the current…
Gold Prices exceed rupees 200,000
Islamabad, 28 January 2023 (GNP): Following the rupee's freefall against the US dollar on Friday, gold prices exceeded Rs200,000 per tola (11.66 grams) for the first time in Pakistani history. However, because real buyers have left the…
Saudi Arabia aims to produce 5 lac electric cars every year by 2030
Riyadh, 27 January 2023 (GNP): According to the Saudi Press Agency (SPA), the Ministry of Industry of the Kingdom of Saudi Arabia and Hyundai Motors have agreed to develop a factory in the Kingdom for the final assembly of electric…
US economy shows signs of slowdown: Statistics
Washington DC, 27 January 2023 (GNP): The US economy grew more quickly than anticipated until the end of 2022, but there were indications of declining underlying demand as growth in this year's economy is threatened by the sharpest…
Pakistan to sign agreement of IMF deal this month
Islamabad, 27 January 2023 (GNP): Prime Minister of Pakistan, Shehbaz Sharif, announced to the public that Pakistan will sign the agreement with the International Monetary Fund (IMF) by the end of this month, which had been delayed due to…
Pakistan to pay $500m in debt
Islamabad, 25 January 2023 (GNP): With the lack of clarity over dates for the visit of the International Monetary Fund, Pakistan is bound to a $500 million amount as debt repayment to a Chinese commercial bank within 72 hours. This action…
Pak Suzuki hikes car prices
Karachi, 25 January 2023 (GNP): Pak Suzuki Motor Company (PSMC) has announced to increase in its car prices between the range of Rs115,000 and Rs355,000 in light of economic and political downturns and high production costs. The news comes…
OGRA negates reports of petrol shortage
Islamabad, 24 January 2023 (GNP): The spokesperson of OGRA said in a statement:" Ogra strongly rebuts the speculations on petrol/diesel shortages. Furthermore, ships carrying 101,000 metric tonnes petrol are at berth/outer anchorage. The…
Pakistan and Qatar talk to improve cooperation
Islamabad, 24 January 2023 (GNP): Federal Minister of Finance and Revenue (Pakistan), Senator Muhammad Ishaq Dar, met with Ali Bin Ahmed Al Kuwari, Finance Minister of State of Qatar, in Doha. They agreed to build their cooperation in the…
Amazon starts air freight service in India
Delhi, 24 January 2023 (GNP): According to Amazon Inc., the company will launch its own air cargo fleet in India named 'Amazon Air' to expand and speed up deliveries across one of its key markets.
After Canada and the United States,…
Iran’s currency reaches historic low
Tehran, 23 January 2023 (GNP): In the midst of rising tensions with the West and the turmoil roiling the nation, the value of Iran's currency has fallen to an all-time record low.
The US dollar crossed the 45,000-rial threshold on the…
World Bank delays loans of $1.1b to Pakistan
Islamabad, 21 January 2023 (GNP): The World Bank has announced to delay in the approval of two loans worth $1.1 billion until the next fiscal year. The lender has also opposed the policy of levying taxes on imports, creating a disruption in…
Rupee falls against Dollar
Islamabad, 21 January 2023 (GNP): According to Pakistan Stock Exchange (PSE), the Pakistani rupee dropped by Rps 0.52 (0.23%) to a three and half-month low at Rs229.67 against the US dollar in the interbank market.
Also Read: Major…
Pakistan to import oil from Russia
Islamabad, 21 January 2023 (GNP): After the end of the annual inter-governmental commission between Russia and Pakistan, it was agreed that Russia will export crude oil to Pakistan starting from March this year.
The news was confirmed by…
Textile owners threaten to halt production due to import delays
Islamabad, 20 January 2023 (GNP): Textiles owners on Thursday warned to go on a strike over delays of imported cotton containers at Karachi Port amid the country’s struggle to boost fast-depleting foreign exchange reserves.
All Pakistan…
Saudi Arabia now getting away from US dollar
This statement of the Saudi Finance Minister is viewed by the world community with a paradigmatic shift in the foreign policy and trade policy of the country.
Saudi Arabia up for investing more in Pakistan
Riyadh, 19 January 2023 (GNP): Crown Prince Mohammad Bin Salman, on January 17, ordered the authorities of Saudi Arabia to increase the country's investments in Pakistan by $10 billion, giving a major boost to Pakistan’s efforts to…
Pakistan gets a loan of $2 billion from UAE
Islamabad, 19 January 2023 (GNP): The Finance Minister of Pakistan, Ishaq Dar, revealed that the United Arab Emirates (UAE) provided Pakistan with a 2 billion dollars loan on 12 January 2023 so that Pakistan, currently a cash-deprived…
Major mobile phone companies planning to shutdown in Pakistan
Islamabad, 19 January 2023 (GNP): According to reports, multinational companies are shutting down their mobile phone assembly plants in Pakistan due to a shortage of dollars. Three major phone manufacturers have reportedly closed their…
Companies of Shark Tank India’s judges face loss
Delhi, 19 January 2023 (GNP): Ankit Uttam, an Indian author and marketeer, posted on his LinkedIn how the companies run by Indian judges of Shark Tank are actually running into losses and hence they are not credible enough to give business…
Inflation can rise to 70% if Pakistan defaults
Islamabad, 19 January 2023 (GNP): The former Finance Minister of Pakistan, Hafiz Pasha, has warned that in case Pakistan defaults, the country's inflation rate can skyrocket to 70%. Even if the International Monetary Fund’s (IMF) loan…
Power tariff of DISCO increased by Rs4.46 per unit
Islamabad, 18 January 2023 (GNP): The National Electric Power Regulatory Authority (Nepra) has allowed an increase in tariff up to Rs4.46 per unit for quarterly adjustment for the first quarter of the financial year 2022-23.
The tariff…
Reko Diq extraction project to start in 2028
Chaghai, 17 January 2023 (GNP): The Canadian company Barrack Gold has announced the development of Reko Diq, which will begin in 2028. A ceremony was held at the office of Chief Minister’s secretariat on 15 January 2023, where Barrick Gold…
Pakistan Government will not change fuel prices
Islamabad, 16 January 2023 (GNP): Ishaq Dar, Finance Minister of the Pakistan Government, has announced that the prices of petroleum will remain the same as the present and won't increase till February. He said this while addressing a media…
Government might increase petrol prices
Islamabad, 14 January 2023 (GNP): According to Pakistan Petroleum Division, the price of petrol is expected to increase by Rupees 8.98 per liter while the price of high-speed diesel (HSD) may rise by Rupees 1.06 per liter in the coming…
Gold rate in Pakistan
Islamabad, 14 January 2023 (GNP): According to the stats revealed by All Pakistan Sarafa Gems and Jewellers Association, the price of gold rose by Rupees 500 per 1 tola on Thursday, 12 January to set at Rupees 186,100 today. Similarly, the…
Argentina’s rising prices: Cost of living doubles
Buenos Aires, 13 January 2023 (GNP): According to the recent stats issued by Argentina's economists, it was observed that the country's consumer prices inflated by almost 95 percent during 2022.
This is one of the highest inflation rates…
US pledges to help Pakistan rebuild economy
Washington DC, 12 January 2023 (GNP): United States's spokesman, Ned Price has assured Pakistan that the US will support the country's efforts to strengthen its economy and deal with the aftereffects of last year’s flood disaster.
Ned…
PM Shahbaz Sharif warns wheat hoarders
Karachi, 12 January 2023 (GNP): Pakistan's PM Shahbaz Sharif has warned all business persons and individual hoarders who have created an artificial wheat shortage in the market.
He announced in a meeting on Monday that the federal…
Diamond Foam to shutdown in Pakistan
Karachi, 12 January 2023 (GNP): Diamond Industries Limited, the oldest foam producer in Pakistan has announced to temporarily suspend its production due to a shortage of raw materials. This decision came into effect yesterday on 10th…
European Union aids Pakistan
Islamabad, 11 December 2023 (GNP): According to a press release issued by the European Union on Monday, January 9, 2023, , three agreements were signed by Dr. Kazim Niaz, Secretary Ministry of Economic Affairs Division, and Dr. Riina Kionka…
OGRA allows hike in gas prices
Islamabad, 11 January 2023 (GNP): Oil and Gas Regulatory Authority of Pakistan (OGRA) has allowed Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL), two major gas-providing companies, to inflate gas…
7 million people dismissed in textile industry
Islamabad, 10 January 2023 (GNP): According to reports, about seven million people working in textile and textile-related industries in Pakistan have been fired from their jobs due to decreasing exports and the Pakistani government’s failed…
Aggregate cost of flood crisis spending may cross $3 billion
Islamabad, 10 January 2023 (GNP): Pakistan's Federal Minister for Planning, Ahsan Iqbal has stated at the International Conference on Climate Resilient Pakistan, co-arranged by the UN and Pakistan's government in Geneva that the aggregate…
Switzerland’s central bank faces loss
Zurich, 9 January 2023 (GNP): The central bank is reported to have recorded a loss of a total 132 billion Swiss francs ($143 billion) last year, hindering it from providing funds to Switzerland's government. Most of last year’s losses were…
Azerbaijan, Uzbekistan enhancing bilateral trade up to $1bn
Baku, 8 January 2023 (GNP): Recently there was a meeting that took place between two important central Asian states Azerbaijan and Uzbekistan where both countries discussed the economic potential they have if they could collaborate by…
Pakistan Govt. will sell LNG Plants to Qatar
Karachi, 7 January 2023(GNP): Pakistan's government has decided to sell two LNG power plants to raise an estimated $1.5 billion. Previously these plants were to be privatized, however now, the government aims to sell state assets to Qatar…
Twitter gets hacked with stolen email addresses
New York, 6 January 2023 (GNP): According to reports, Twitter has been hacked; the hackers stole the email addresses of more than 200 million users and posted them on an online hacking platform. It may have taken place as early as 2021,…
Pakistan’s Inflation Crisis: Lahore Faces Flour Shortage
Islamabad, 6 January 2023 (GNP): According to reports, Flour, which is Pakistan's staple food is no longer available in Lahore. Prices of flour have soared in the metropolis with shops reporting zero stock of the commodity across the city.…
Millat Tractors to Shutdown in Pakistan
Islamabad, 6 January 2023 (GNP): Millat Tractors, the biggest tractor producer in Pakistan has decided to cease its operations in the country from 6th January onwards, due to a cash flow crisis and low demand.
The news comes after major…
Apple’s Stock Value falls below $2 trillion
New York, 5 January 2023 (GNP): The news comes one year after Apple reached a market value of $3 trillion. According to sources, Apple Inc's shares fell by 3.7% to $125.07 after the analyst, Jerome Ramel downgraded the company to 'neutral'…
Pakistani Rupee All Time Low
Islamabad, 4 January 2023 (GNP): According to reports, the Pakistani rupee fell in value on the first working day of 2023 by 0.22 (Rps 0.51) to a three month low at Rs226.94 against the US dollar in the inter-bank market on Tuesday. The…
Miftah Ismail puts Economy before Politics
Islamabad, 2 January 2023 (GNP): Pakistani politician and political economist Miftah Ismail shared his views regarding Pakistan's future and economy in a recent interview.
Upon being asked about Pakistan's position to default in 2023,…
KIA to Shutdown Karachi Dealership Permanently
Karachi, 30 December 2022 (GNP): KIA ltd. has announced to close its operations in Karachi permanently in an official post on its website, stating: "The only reason for the closure of Kia Motors Shahrah-e-Faisal showroom was the expiry of…
SUZUKI Shutting Down Production Temporarily
Islamabad, 30 December 2022 (GNP): The local automobile company subsidiary of the Japanese automobile company Suzuki announced on 26 December 2022 that it will be shutting down its plants for cars and motorcycles from next year.
The span…
Karachi businessmen to travel Kyrgyzstan
Islamabad, 29 December 2022 (GNP): The Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic to the Islamic Republic of Pakistan, Ulanbek Totuiaev met with the former Chairman of the Association of Builders and Developers of…
Pakistani Rupee Devalues Against Dollar
Islamabad, 29 December 2022 (GNP): According to sources, Rupee has fallen in value in comparison with the American dollar by 225 at the inter-bank market after two and a half months. There have been reports of people putting their savings…
Japan COVID-19 Death Toll On Rise Again
Tokyo, 28 December 2022 (GNP): After the end of COVID-19's Omicron pandemic wave, the new BF.7 variant has affected every country, with Japan experiencing 415 deaths today from COVID-19.
Despite the new BA.7 variant, BA.5 COVID variant…
Nishat Chunian Limited to Shut Down in Pakistan
Islamabad, 28 December 2022 (GNP): One of Pakistan's largest textile manufacturers, Nishat Chunian Limited, has declared that it will temporarily halt operations due to the current political and economic unrest in the nation. Organizations…
Today’s Gold Rate In Pakistan
Islamabad, 27th December 2022 (GNP): An abnormal rise in gold prices in Pakistan has been recorded and observed. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola started to rise this week on…
Japan’s Inflation At Highest
Tokyo, 27 December 2022 (GNP): According to sources, Japan's latest inflation rate has been revealed and financial experts of japan deem this to be the highest inflation rate in the economy since 1981. Consumer prices (excluding volatile…
Bank Alfalah Wins ‘Best Investor Relations’ Award
Islamabad, 27 December 2022 (GNP): Being among the top banks of Pakistan, Bank Alfalah has been honoured with three prestigious awards in recognition of its remarkable banking performance, investor relations and investment banking at the…
US to ban trade with 30 Chinese companies
Washington, D.C., 14 December 2022 (GNP): Biden administration decides to put 30 Chinese technological companies on the trade blacklist. This sanction would hinder the Chinese companies from purchasing certain tools and components from…
Gold price in Pakistan reached Rs.169,650
Karachi, 13 December 2022 (GNP): Gold price increase in Pakistan reached RS 169650 per tola on Monday because, due to bad conditions of the economic situation, the investors are keeping their gold safe.
According to the All Pakistan…
Pakistan’s Best Bank Award 2022 won by HBL
Karachi, 12 December 2022 (GNP): The Best Bank of Pakistan Award 2022 was presented to Habib Bank Limited (HBL). The Award ceremony was held in Karachi on December 9, 2022.
The Institute of Bankers Pakistan (IBP) and Dawn News jointly…
ECC opens door for Reko Diq projects
Islamabad, 12 December 2022 (GNP): On Sunday, the Pakistan Finance Minister, Ishaq Dar, chaired a virtual meeting regarding the out-of-court settlement with Tethyan Copper Ltd.
The mining firm sued the Government of Pakistan for not…
Indonesian Envoy commends Pakistan-Indonesia trade growth
Lahore, 8 December 2022 (GNP): Adam M. Tugio, the Indonesian Envoy, expressed his gratitude to the Punjab government and business community for their active support and collaboration in fostering bilateral economic relations between…
International Civil Aviation Day 2022
New York, 7 December 2022 (GNP/ TDI): The world observes International Civil Aviation Day on 7th December. The day acknowledges the special contribution civil aviation makes to building a global network of fast transit.
Moreover, it aims…
Growing Infrastructure Development in Pakistan by Chinese EPC Companies
Beijing, 6 December 2022 (GNP/ TDI): Dr. Hassan Daud Butt, the former CEO of the Khyber Pakhtunkhwa Board of Investment & Trade (KP-BOIT) held a meeting with the Chinese General Manager of China Energy International Group (CGGC), Lv…
First freight train launched on route within Turkic States
Islamabad, 4 December 2022 (GNP/TDI): On December 3, 2022, the "Turkiye-Iran-Turkmenistan-Uzbekistan" freight train, which runs along the Turkic States line, arrived in Tashkent, Uzbekistan.
The first freight train arrived in Tashkent,…
Azerbaijan-Pakistan Business Forum organized by GBA and AZPROMO
Baku/Islamabad, 4 December 2022 (GNP/TDI): Azerbaijan-Pakistan Business Forum was organized by the Global Business Allience and the Export and Investment Promotion Agency (AZPROMO) together in Baku.
Entrepreneurs working in the sectors…
GBA, PAKAZCHAM promote Pakistan-Azerbaijan cooperation through agreement
Baku/Islamabad, 4 December 2022 (GNP): The future course of economic cooperation was also reviewed by GBA and PAKAZCHAM , as well as the prospects for Pakistani businesspeople to take part in Azerbaijani enterprises.
The president of the…
Pakistani businessmen urged to boost Azerbaijan-Pakistan industrial cooperation
Baku, 3 December 2022 (GNP): The Global Business Alliance (GBA) and its Chairman, Muhammad Asif Noor, led a business group from Pakistan to the Sumqayit Chemical Industrial Park.
The delegation received information regarding the potential…
GBA and Azerbaijan Chamber of Commerce and Industry inked agreement
Baku, 1 December 2022 (GNP): For the sake of establishing solid economic and trade ties between Pakistan and Azerbaijan, Global Business Alliance inked an agreement with the Azerbaijan Chamber of Commerce and Industry.
The Azerbaijan…
GBA and Pakistan Ambassador discussed regional market dynamics
Baku, 30 November 2022 (GNP): Global Business Alliance (GBA), a multisectoral business delegation from Pakistan, was met in Baku by Bilal Hayee, the country's ambassador to Azerbaijan and Georgia.
Ambassador Bilala gave the team a…
GBA, Founder Club strike agreement to promote economic ties
Baku, 29 November 2022 (GNP): A Memorandum of Understanding (MoU) between the Global Business Alliance (GBA) from Pakistan and the Founder Club is signed to strengthen commercial links.
The GBA group, which includes well-known members of…
Global Business Alliance departs for Azerbaijan
Lahore, 26 November 2022 (GNP): Today, the Global Business Alliance (GBA) delegation left Lahore for Azerbaijan. The group members have a wide range of commercial business expertise.
From November 26 to December 3, 2022, the GBA will…
GBA in Baku to forge Pakistan-Azerbaijan business ties
Baku, 26 November 2022 (GNP): The Global Business Alliance (GBA) delegation, which included notable members of the Pakistani business community, arrived in Baku, Azerbaijan. The delegation departed Lahore early on Saturday. Members of the…
Ahsan Iqbal reviews progress over CPEC after Prime Minister’s visit to China
Islamabad, 22 November 2022 (GNP): Federal Minister for Planning Development & Special Initiatives Professor Ahsan Iqbal reviewed progress over CPEC projects after the 11th Joint Cooperation Committee (JCC) meeting held last month and…
Russia-Ukraine War condemned during the APEC Summit
Today was the last day of the APEC (Asia-Pacific Economic Cooperation) Summit 2022 in Bangkok, Thailand. (Read More)
Halal Cosmetics business expands opportunities for Pak-Indonesia
To profit from the booming Halal cosmetics sector, which is fast increasing its share and giving a wide range of economic... (Read More)
Denmark aims to ‘green up’ imports of soya and palm oil
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Denmark Government has unveiled an action plan that…
Erdogan says, Turkey, US decisively move towards $100B trade
Turkey's President Erdogan has praised US-Turkish relations and trade at a meeting with Turkish and American business people in New York City.
The event was hosted by Turkey-US Business Council (TAIK).
Turkey and the US are decisively…
PM Imran Khan invites Tajik investors to Pakistan
Prime Minister Imran Khan on Thursday invited the business community of Tajikistan to invest in Pakistan, assuring them of facilitation by his government.
The premier is in Tajikistan on a two-day visit, during which he will attend the…
H.E. Androulla Kaminara EU Ambassador to Pakistan 8 September 2021, Serena Hotel, Islamabad
H.E. Androulla Kaminara
EU Ambassador to Pakistan
8 September 2021, Serena Hotel,
Islamabad
Excellencies,
Representatives of SMEs, Moderators, and distinguished guests.
It is an absolutely and special…
PRESS RELEASE – EU DELEGATION TO LAUNCH BUSINESS FORUM TO FACILITATE PAKISTANI SMEs, BOOST…
ISLAMABAD, 8 September 2021: The Delegation of the European Union to Pakistan launched the first-ever EU-Pakistan Business Forum for Small and Medium Enterprises (SME) in Islamabad today.
The inaugural event was attended by…
Australian government initiative in Pakistan’s Agriculture Sector
Australian Ambassador to Pakistan, Dr Geoffrey Shaw tweets today, for sustainable livestock production in Pakistan. Australia has taken another initiative by developing partnership along with Market Dev Facility and Cattle Kit Pakistan to…
Rustam Emomali Inspects Hospitals Building For Coronavirus Infected Patients in Dushanbe
Dushanbe Chairman Rustam Emomali inspected the course of building the hospitals for the treatment of COVID-19 infected patients.
CPEC advances forward amid the outbreak of Coronavirus – GNP
CPEC advances amid the outbreak of Coronavirus
Despite the outbreak of COVID-19 and its difficulties, the journey of the China-Pakistan Economic Corridor (CPEC) is continuously starting towards its final destination of completion in the…
The Kohala Hydel Power Project will begin soon: Chairman CPEC authority
The Chairman CPEC authority Gen (retd) Asim Saleem Bajwa has notified that the government is committed to beginning the 1124 MW Kohala Hydel Power Project under CPEC. China Three Gorges Company has been called to address all the remaining…
Telephone Call between Afghan and Chinese Foreign Ministers – GNP
Acting Minister of Foreign Affairs, Mohammad Haneef Atmar, had a telephonic conversation with the Foreign Minister of People’s Republic of China, Wang Yi. Both the sides discussed issues of mutual interests including those pertaining to…
543 kg of gold exported Azerbaijan in two months – GNP
28th April 2020 (GNP); Azerbaijan exported 542.82 kg of gold during the month of January and February this year. The gold doesn't include gold used in the stamping of coins, but in other non-processed forms. according to the embassy of…
Uzbekistan allocates more than 3,6 trillion soums to support construction area for the time of…
The leader of Uzbekistan raised the issue of steady removal of quarantine regime in districts, regions and cities that saw positive shift in regards to novel coronavirus outbreak while using all the possible measures to preserve jobs and…
Uzbekistan sets up the way to support businesses helping families in need
At times when the world is addressing coronavirus pandemic, the leader of the Republic of Uzbekistan is taking decisive measures, aimed at minimizing consequences on country’s economy and social area.
300 million dollars will be streamlined to develop Uzbekistan’s textile industry
On April 23, President of Uzbekistan Shavkat Mirziyoyev held a meeting on ensuring the stable development of textile industry and mitigating the impact of novel coronavirus. The President ordered to extend the deadline for final payment…
Tajikistan ratifies agreements on supporting families living in CASA 1000 Project area
Members of Tajikistan’s lower house (Majlisi Namoyandagon) have unanimously voted for ratification of two agreements between Tajikistan and the World Bank on supporting communities located in the CASA 1000 Project area.
Azerbaijan joins Intergovernmental Agreement for Dry Ports
The president of the Republic of Azerbaijan Ilham Aliyev has approved the law of the Republic of Azerbaijan On being a part of the Intergovernmental Agreement for Dry Ports, APA reports.
The Republic of Azerbaijan has registered with the…
Chinese companies donate worth 5 million relief to Pakistan for Coronavirus – GNP
Chinese companies donated worth 5 million of relief goods to Pakistan. Besides helping Pakistan on a state level, the Chinese companies are contributing towards the cause themselves solidifying the relationship between Pakistan and China.…
OPEC and Russia Agree to Decrease Oil Production – GNP
The Organization of the Petroleum Exporting Countries, Russia, and other countries reached a tentative agreement to cut on production on Thursday.
In a statement on Friday OPEC and the other oil-producing countries agreed stated that they…
Pakistan and Turkey to support each other in the fight against COVID-19 – GNP
According to the Government of Pakistan, Pakistan and Turkey have agreed to work together and have reinforced to support each other in the fight against COVID-19. The agreement was made through a telephonic conversation between the Prime…
12 New Tourist Routes Launch in Tajikistan – GNP
12 new tourist routes have been launched in Tajikistan in honor of the celebration of 5500th anniversary of Sarazm, which is one of the unique monuments in Central Asia, reports the Committee for Tourism Development under the government of…
Tajikistan Increases Trade Turnover Volume with CIS Countries – GNP
The trade turnover volume between Tajikistan and the CIS countries for the two months of 2020 increased by 22.3% compared to the same period last year, reports the Statistics Agency under the President of Tajikistan.
وزیرِ اعظم عمران خان کی زیر صدارت گیس کے شعبے میں اصلاحات کے حوالے سے اجلاس
وزیرِ اعظم عمران خان کی زیر صدارت گیس کے شعبے میں اصلاحات کے حوالے سے اجلاس
Shah Mehmood Qureshi has Called for Joint Efforts of OIC Countries
Foreign Minister Shah Mehmood Qureshi has called for joint efforts of OIC countries to tackle the Corona pandemic challenges. In a telephone conversation with the Secretary-General OIC Dr. Yousef Bin Ahmad Bin Al-Othaimeen on Monday…
Digital app launched for registration of affluent and charity organizations – GNP
Special assistant to the prime minister Firdous Ashiq Awan said that special digital app is being launched for the registration of affluent people and charity organizations.
In a tweet she said this decision was made in the Pakistan…
Experts and supplies from China to Pakistan to build isolation hospital – GNP
With the existing assistance to Pakistan, China further sent its experts and supplies to Pakistan to build temporary isolation hospital.
Frequent help came from China and further local government, red cross society and Chinese companies…
Imran Khan to define roadmaps to delivery of food across the country – GNP
According to Radio Pakistan, Imran Khan will define comprehensive roadmaps for the smooth delivery of food across the country.
The information was given by Dr. Firdous Awan in a media briefing about PTI's Core Committee's meeting that was…
Ministers giving 50% of their Salaries toward COVID-19 – GNP
According to the ministry of information Ghana, All ministers of state, the chief staff of the office, secretary of cabinet, Presidential staff have decided to donate 50% of their salary towards COVID-19.
The decision was announced on…
Chinese mission arrives in Venezuela – GNP
A Chinese team arrived in Venezuela to fight against COVID-19.
With the experience china gathered in these days, now Chinese medical experts, scientists, and doctors arrived in Latin america, Caribbean and its first destination in…
First phase of Ehsas emergency cash programme to be initiated shortly – GNP
Government initiated Ehsas emergency cash programme that would be given to deserving people in this time who are affected by novel corona-virus. Cash is approved to be given to 10 million affected people.
Daily wage earner are their main…
Tajik Economy Is Growing by Increasing the Volume of Industrial and Agricultural Production | GNP
Following the timely execution of President Emomali Rahmon’s instructions, a steady growth of the country’s economy was ensured in January-February 2020, despite the influence of external factors, reports the Tajik Ministry of Economic…
CPEC projects vital for development of Pakistan: Prime Minister
Prime Minister Imran Khan chaired a briefing on status review of CPEC Energy Projects at Islamabad today.
The briefing was attended by Minister for Planning Mr. Asad Umar, Minister for Power Mr. Omar Ayub Khan, SAPM for Petroleum Mr.…
Safar e Meharbani Islamabad – help during the corona outbreak – IUCPSS – GNP
Safar e Meharbani - Islamabad - help during the corona outbreak
Role of Universities in Prevention of Coronavirus Disease 2020 (COVID-19)
A Joint Initiative by Inter University Consortium for Promotion of Social Sciences and Global News…
Emerging Technologies and their Impact on Strategic Stability in South Asia
“We live in a world where knowledge has become the key driver of socio-economic development. Those countries that have realised that their real wealth lies in their children through education, science and innovation, through unleashing the…
Saudi Arabia advance in deployment of 5G technology ranks 3rd
Saudi Arabia ranks third globally and first in the Middle East, Europe and North Africa region in the deployment of 5G networks as the Kingdom installed more than 5,797 towers across 30 cities, according to the Kingdom’s Ministry of…
China plans to build Green Corridor in Pakistan, Dr. Gu Wenliang, Agricultural Commissioner
Through joint cooperation in the second phase of China Pakistan Economic Corridor, China will build green corridor in Pakistan and through joint collaboration will galvanize the opportunities. Dr. Gu Wenliang, Agricultural Commissioner from…
Prime Minister Imran Khan wrote a letter to the Australian government
Prime Minister Imran Khan wrote a letter to the Australian government on behalf of the people and government of Pakistan with a message of support and offers of assistance for #bushfire recovery
Islamabad 14 January 2020
امریکی حملے کے بعد عالمی منڈی میں تیل کی قیمت میں اضافہ
جنرل سلیمانی کی ہلاکت کے چند گھنٹے بعد ہی عالمی منڈی میں تیل کی قیمت میں اضافہ اور عراق کے دارالحکومت بغداد میں امریکی حملے کے نتیجے میں ایرانی جنرل قاسم سلیمانی کی ہلاکت کے بعد مبصرین مشرقِ وسطیٰ میں کشیدگی میں اضافے اور ایران اور امریکہ…
Crown Prince of Abu Dhabi visit in Pakistan
Prime Minister of Pakistan Imran Khan warmly received Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan. The visit of Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan…
ورلڈ ہیلتھ آرگنائزیشن کے ڈائریکٹر جنرل نے اگلے سال پاکستان آنے کا اعلان کردیا
وزیرِ اعظم عمران خان کی جینیوا میں اہم ملاقات میں عالمی ادارہ صحت کے ڈائریکٹر جنرل ڈاکٹرروس ادہانم گیبرے ییس نے اگلے سال پاکستان کو دورہ کرنے کا اعلان کردیا۔ یہ ملاقات منگل کو جینیوا میں مہاجرینوں سے متعلق پہلے عالمی فورم میں ہوئ
ملائشیا کے پروٹون گاڑی بنانے والوں نے گاڑی پروٹون ایکس 70 حکومت پاکستان کے حوالے کی
ملائشیا کی جانب سے پاکستان میں ملائشیا کے ہائی کمشنر اکرام محمد اور پروٹون کے ڈائریکٹر آف انٹرنیشنل پروموشنز این خالد یوسف نے نمائندگی کی جبکہ وزیراعظم کے مشیر برائے کامرس، ٹیکسٹائل، انڈسٹری اینڈ پروڈکشن اور انویسٹمنٹ عبد الرزاق داود نے…
Proton delivers x70 to Pakistan government
Proton sees a lot of potential in Pakistan and as Malaysia is the only Muslim country to have its own automotive brand, both our countries are natural partners who have so much to share with each other.
سی پیک منصوبہ کے تحت تھرکول بلاک تعمیر کیاجائےگا
حکومت سندھ نے سی پیک منصوبہ کے تحت تھرکول بلاک-VI پر کام کرنے کا فیصلہ کرلیا ہے، جو کہ نیشنل سٹرٹیجک کا بہت ہی اہم پراجیکٹ ہے۔ مزید معلومات کے مطابق اس پراجیکٹ کے تحت کول مائن پر کام کیا جائے گا جس کے نتیجے میں 1320 میگاواٹ کول فائرڈ پلانٹ…
پاک، سعودی وزرائے خارجہ کی ملاقات
وزیرخارجہ پاکستان شاہ محمود قریشی کی سعودی عرب فیصل بن فرحان بن عبداللہ سے ملاقات۔ ملاقات کے دوران باہمی تعلقات، مقبوضہ کشمیر اور اہم علاقائ امور پر تبادلہ خیال کیا گیا۔ انہوں نے اپنے سعودی ہم منصب کو مقبوضہ کشمیر کی تازہ ترین صورتحال سے…
سی پیک سے پاکستانیوں کیلئے 75 ہزار نوکریاں فراہم کیں
حکام سرمایاکاری بورڈ نے کہا ہے کہ چین پاکستان اقتصادی راہداری (سی پیک) کے تحت جاری مختلف منصوبوں سے پاکستانیوں کیلئے 75 ہزار ملازمتیں فراہم
وزارت خارجہ میں منعقدہ افریقی ممالک کی دو روزہ سفرا کانفرنس کے حوالے سے وزیر خارجہ کا اہم ویڈیو…
کل وزارت خارجہ میں دو روزہ افریقی ممالک کی سفرا کانفرنس کے انعقاد کے ذریعے معاشی سفارتکاری کا آغاز کرنے جا رہے ہیں۔ ہم سمجھتے ہیں کہ ملک کی مضبوط خارجہ پالیسی کے لیے مضبوط معیشت کا ہونا ناگزیر ہے۔ معیشت جتنی مستحکم ہو گی اتنی موثر خارجہ…
CPEC Media Forum; Speakers rebut Alice Wells Critique of CPEC as “unfounded propaganda”, Ambassador…
The 5th CPEC media forum had lively presentations from a number of speakers who criticized United States, acting assistant secretary of state Alice Wells speech last night in Washington where she had attacked, CPEC terming her speech as…
Baku hosted 7th Summit of the Cooperation Council of Turkic-Speaking States
Baku hosted the 7th Summit of the Cooperation Council of Turkic-speaking states wherein the leaders and dignitaries from Turkey, Azerbaijan, Hungary, Turkmenistan, Uzbekistan, Kyrgyzstan, Kazakhstan participated and vowed to work together…
Next Summit of CIS in Uzbekistan
A unanimous decision was made at the CIS Heads of the State Council's session in Ashgabat Turkmenistan to host the next Summit meeting of the Council of the Heads of STATes of Commonwealth of Independent States (CIS) will be held in…
International Exhibition of National Products “Made in Uzbekistan”
The International Exhibition of National Products “Made in Uzbekistan” will be held from October 23 to October 25, 2019, in Pavilions NoNo.3, 4, Atrium Hall No.2 and in outdoors of “Uzexpocenter” NEC” JSS. It will be organized by the…
Congress Hall and Hilton ready for operation
Construction of the Congress Hall and Hilton Hotel, the first facilities of Tashkent City International Business Center, has been completed. On October 9, President Shavkat Mirziyoyev visited these facilities and the Hotel in Tashkent.
Tashkent Porcelain Factory starts itsactivities
President Shavkat Mirziyoyev visited Tashkent Porcelain Factory, erected in a new place, in Almazar district. At the meeting with residents of the district on June 29 last year, the Head of the state announced that the plant will be…
USAID Funding Enables Pakistani Entrepreneur
Entrepreneurship and innovation help boost employment, productivity, and trade, and can drive a nation’s economy. The United States Agency for International Development (USAID) is building the future of entrepreneurship in Pakistan by…
Pakistani Youth play Pivotal role in CPEC: Chinese Envoy
The Confucius Institute, National University of Modern Languages, Islamabad in collaboration with Pakistan China Institute organised ‘China-Pakistan Joint Painting and Calligraphy Exhibition’ to celebrate ‘The 70th Anniversary of the…
CPEC Project will complete soon, Chinese Envoy
Ambassador of China to Pakistan said that CPEC project will complete soon as both countries are committed to building strong relations on solid footings.
SCO will not take new members
The Shanghai Cooperation Organisation will not be further expanded, SCO Secretary-General Vladimir Norov said during a meeting with journalists on Thursday. He sais that SCO will work together to fight terrorism in the region.…
Afghanistan launches first container train to China through Uzbekistan
A train of 41 containers loaded with semi-finished stone of mineral talcum powder departed from the Hairaton station via the Friendship Bridge - a rail-road bridge across the Amu Darya River in transit through Uzbekistan and Kazakhstan.
Prime Minister Met with Chinese Business Delegation
Pakistan’s Prime Minister hold a meeting with a delegation of Chinese investors from around 100 Chinese investment companies, led by Mr. Javed Afridi at Governor House. Most of the Chinese companies’ representatives were from Shandong…
France Provides Soft Loan for Rehabilitation of Chitral and Dargai Hydropower Plants.
Mr. Noor Ahmed, Secretary of Economic Affairs Division (EAD), H.E. Mr. Marc Baréty, Ambassador of France, and Mr. Jacky AMPROU, Country Director of the French Agency for Development (AFD), signed the Credit Facility Agreement worth Euros 50…
Philippine Ambassador For Enhancing Trade Ties With Pakistan
Ambassador of Philippine to Pakistan Daniel Ramos Espiritu on Tuesday said Philippine and Pakistan can boost their cooperation in the field of construction as well as cement industry as his country is interested in infrastructure building.