Karachi, Pakistan – In a significant move, Pakistan and the United Arab Emirates (UAE) have joined hands to pave the way for the development of renewable energy projects in Pakistan. The agreement, signed in Islamabad, was witnessed by Pakistan’s Prime Minister Shehbaz Sharif and Sultan Ahmed Al Jaber, the UAE’s Special Envoy for Climate Change… Read More »
In a resolute statement, Prime Minister Shehbaz Sharif emphasized that the China-Pakistan Economic Corridor (CPEC) is a transformative project that holds the potential to revolutionize the entire region. He called upon neighboring India to cease creating obstacles and instead embrace the opportunities presented by this mega project. As Pakistan commemorates the 10th anniversary of the… Read More »
The government of Pakistan has developed a new Medium-Term Debt Management Strategy to address its external financing needs in the coming years. With the support of the International Monetary Fund (IMF), the government aims to secure funding through 10- to 15-year international bonds and concessional multilateral loans. Additionally, it intends to diversify its local debt… Read More »
Pakistani Authorities Undertake Decisive Measures to Align Policies with IMF-Backed Economic Reform Programme In a recent statement, Nathan Porter, the mission chief for Pakistan at the International Monetary Fund (IMF), commended the Pakistani authorities for their proactive approach in bringing policies in line with the IMF-supported economic reform programme. These measures, he explained, encompassed various… Read More »
The strategic partnership forged between the Indonesia Investment Authority (INA), the Indonesian government-owned port operator Pelindo, and DP World is set to establish Indonesia’s most direct link with the Malacca Strait, renowned as one of the world’s busiest shipping routes. The agreement, signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World,… Read More »
In a significant development, the National Assembly recently passed the revised budget for the upcoming fiscal year. The government, under the guidance of the International Monetary Fund (IMF), has implemented several fiscal tightening measures in order to secure critical funding. This article delves into the details of the revised budget, shedding light on the changes… Read More »
Pakistan Peoples Party (PPP) Chairman and Foreign Minister Bilawal Bhutto-Zardari has expressed his discontent with the government’s economic team, highlighting the absence of funds allocated for the 2022 flood victims in the recent federal budget presented by Finance Minister Ishaq Dar. In a recent development, Finance Minister Dar unveiled a budget of Rs14.5 trillion (approximately… Read More »
Prime Minister Shehbaz Sharif is actively seeking to attract Turkish investors and businessmen to expand their investment in various sectors of Pakistan. During his visit to Turkey for President Recep Tayyip Erdogan’s swearing-in ceremony, PM Sharif held separate meetings with representatives from several companies, emphasizing the potential for investment and job creation in Pakistan. Establishing… Read More »