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Articles for tag: ADB, downside risks, Economic Growth, external account, fiscal, FY2027, GDP, Inflation, Pakistan

June 11, 2025

News Desk

Chinese stocks are increasing as Hang SENG increases after US-China trade agreement announcement

Chinese stocks rose on June 11, enhanced by signs of relaxation of commercial tensions between the United States and China after a two -day meeting in London. The meeting saw both countries agree on a preliminary framework for releasing trade conflicts, which has helped to restore investor confidence. As mentioned by ParachuteOnshore’s CSI 300 index, which is watching the largest companies on Shanghai and Shenzhen stock markets, won 1%, marking the most significant increase in almost a month. Meanwhile, a measure of Chinese reserves reported in Hong Kong was promoted by 0.9%, reaching its highest point since March. The market

March 23, 2025

The Pakistan Daily

Hilal-e-Imtiaz for Umar Farooq Zahoor for bringing over $700m in investment to Pakistan

LONDON: President Asif Ali Zardari has conferred Pakistan’s highest civilian award – the Hilal-e-Imtiaz – upon Dubai-based Pakistani origin businessman Umar Farooq Zahoor in recognition of his services for the state of Pakistan, mainly for bringing foreign direct investment worth hundreds of millions of US Dollars. President Asif Ali Zardari had approved the Hilal-e-Imtiaz (Crescent of Excellence) for Umar Farooq Zahoor in August last year. Farooq was among over 100 individuals, both Pakistani and foreign, who received the civil awards on Sunday at the special presidential investiture ceremony held at the President House in connection with the Pakistan Day. Umar

March 22, 2025

The Pakistan Daily

Nation to celebrate Pakistan Day tomorrow

The nation celebrates Pakistan Day on Sunday with renewed pledge to work hard for the progress and stability of the country. The day marks adoption of historic Lahore Resolution on this day in 1940 that provided a framework for realization of the goal of a separate homeland for Muslims of South Asia. The Day will dawn with 31-gun salute in the federal capital and 21-gun salute in provincial capitals. Special prayers will be offered in mosques after Fajr prayers for the progress, prosperity and solidarity of the country. Pakistan Day parade will be held on a limited scale at Aiwan-e-Sadr

March 22, 2025

The Pakistan Daily

Additional tax revenues to be spent on welfare projects: PM Shehbaz

Prime Minister Shehbaz Sharif has said the additional tax collection will be spent on health, education, and other public welfare projects. He said this in a statement in response to the Lahore High Court’s decision of dismissing the stay order on windfall tax on banks’ additional income, benefiting the national treasury by 11.5 billion rupees, and a total of 34.5 billion rupees over the last month. The Prime Minister, taking notice of the stay order cases regarding the windfall tax imposed on banks’ additional income under the Finance Act 2023, had directed the Minister of Law, Minister of Finance, Attorney

March 17, 2025

Tahir Khan

Pak Afghan jirga makes progress, Torkham could be opened anytime: member

ISLAMABAD: Pakistani and Afghan elders and traders made progress in a joint Jirga held on Monday to discuss the reopening of Torkham, a key border crossing for trade and pedestrians, a Jirga member said. Torkham was closed on Feb 21 after a controversy surfaced over constructions on both sides near the border. Pakistan Foreign Ministry spokesman Shafqat Ali Khan told a weekly press briefing on March 13 that the Afghan side had carried out an illegal and unilateral construction activity within the Pakistani territory at two points along the Pakistan border. On their part, Afghan Taliban officials insisted that they

March 8, 2025

The Pakistan Daily

Govt successfully steers country out of economic turmoil, says Rana Sanaullah

ISLAMABAD: Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah said that the government has successfully steered the country out of economic turmoil, providing a stable foundation for further progress. Talking to a private news channel, he said that Parliament remains the best platform for discussing and resolving national issues. “We believe every matter should be addressed through democratic means,” he asserted. Addressing concerns regarding coalition partners, he acknowledged that minor disagreements are natural in coalition governments but clarified that there is complete understanding on fundamental issues. Replying to a question, he said that political matters must

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