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March 23, 2025

The Pakistan Daily

Pakistan

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 9, 2025

Hafsa Akram

BlogFeaturedNewsPakistan

Responsibility of youth (Opinion)

Pakistan is facing political & economic upheaval, with one of its important state assets, like ‘our youth,’ highly impacted, disturbed & distracted due to the ongoing situation in the country. Political polarization and misinformation threaten to divide the very fabric of society. What would happen to that society where the state-important pillar ‘youth’ is being polarised, diverted from their original work? The responsibility of Pakistan’s youth today is greater than ever: to rise above political hate, foster unity, and contribute meaningfully to national development. The country is facing massive issues at all levels.What if the youth were truly being taught

March 4, 2025

The Pakistan Daily

FeaturedNewsPakistan

Economic indicators improving due to govt’s efforts: PM Shehbaz

Prime Minister Shehbaz Sharif says provision of essential items to the people at affordable prices is the top priority of the government. In a statement, he expressed satisfaction over the continuous decline in the Consumer Price Index inflation. He also expressed confidence that inflation will decrease further. The Prime Minister said the current government is completing its one year in office and this is extremely good news on this occasion. He said it is very encouraging that inflation has come down to 1.5 percent last month, which is the lowest inflation rate since September 2015. He said the average inflation

March 3, 2025

The Pakistan Daily

FeaturedNewsPakistan

SIFC paving way for foreign investments to boost economy

Special Investment Facilitation Council is paving the way for investments from different countries to improve the country’s economic situation. In this regard, Memorandums of Understanding (MoUs) have been signed between Pakistan and the United Arab Emirate aimed at enhancing bilateral cooperation. The UAE has expressed interest in investing in various sectors, including banking, mining, railways and infrastructure. A significant agreement between Pakistan Railways and the UAE’s Etihad Rail is expected to improve the railway network. The strategic partnership between Pakistan and the UAE will enhance cooperation in trade, investment and energy sectors. Pakistan, Uzbekistan set $1 billion trade target: Uzbek

March 1, 2025

The Pakistan Daily

FeaturedNewsPakistan

Govt pursuing strategy for investor-friendly policies: PM Shehbaz

Prime Minister Shehbaz Sharif says business community and industrialists are the backbone of country’s economy and resolving their problems is government’s top priority. Talking to leading businessmen and industrialists in Islamabad, he said the government is vigorously pursuing the strategy to bring in business and investor-friendly policies in the country. The Prime Minster said the business community and investors have been provided with a simple and easy platform under the Special Investment Facilitation Council, where facilities are being provided under one-window operation. He informed that a major task has been completed regarding the digitization of the Federal Board of Revenue

February 24, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan, Azerbaijan set to finalize $2bn investment agreements in April

BAKU: Pakistan and Azerbaijan have reaffirmed their commitment to strengthening economic ties, with plans to finalize investment agreements worth $2 billion by April. Prime Minister Shehbaz Sharif made the announcement during his official visit to Baku, where he met with Azerbaijani President Ilham Aliyev. Speaking at a joint press conference, PM Shehbaz expressed gratitude for Azerbaijan’s investment pledge, highlighting its potential to boost economic cooperation. “This investment will bring mutual benefits to both countries,” he stated. The two sides have given themselves a one-month deadline to finalize the agreements, with an Azerbaijani delegation scheduled to visit Islamabad in April for