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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

February 21, 2025

The Pakistan Daily

FeaturedNewsPakistan

Govt pledges support to private sector for export growth, says Ahsan Iqbal

Minister for Planning Ahsan Iqbal says the government is committed to provide policy support and investment facilities to the private sector to stimulate exports and bring innovation into the economy. He was chairing second meeting of the Policy Board under “Uraan Pakistan” Programme in Islamabad. The meeting emphasized promotion of private investment, export growth, industrialization, infrastructure up-gradation, innovation, and the advancement of modern technologies to drive Pakistan’s economic development. Speaking on this occasion, Ahsan Iqbal highlighted the need to focus on the 5Es framework to transform Pakistan into a three trillion dollars economy by 2047. Various proposals were also presented

February 15, 2025

The Pakistan Daily

FeaturedNewsPakistan

ECC approves Pakistan’s NDB-BRICS membership

The Economic Coordination Committee of the Cabinet has approved over 27 billion rupees to ensure financial support for key initiatives. The ECC, which met in Islamabad with Finance Minister Muhammad Aurangzeb in the chair, approved a technical supplementary grant worth 19.15 billion rupees for 133 schemes of the defunct Pakistan Public Works Department. It also okayed 5.36 billion rupees to execute development schemes under the SDGs Achievement Programme with 4.25 billion rupees allocated for Sindh and 1.11 billion rupees for Khyber Pakhtunkhwa. The approval was also granted to an amount of 1.914 billion rupees in favor of NADRA, ensuring the

February 13, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan set for economic growth after stability: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif says Pakistan is taking off for economic growth after attaining macroeconomic stability. Presiding over the Federal Cabinet meeting in Islamabad, he lauded the tireless efforts of the government’s economic team for achieving the milestone of macroeconomic stability. The Prime Minister said the government is also taking effective measures and making untiring efforts to speed up journey towards achieving the goal of economic growth. Turning to his recent successful visit to the United Arab Emirates, Shehbaz Sharif said he had very fruitful meetings with the world leaders including UAE President Sheikh Mohamed bin Zayed Al Nahyan,

February 11, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan’s economy improving at macroeconomic level: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif says the foundation of Pakistan’s economy at the macro-economic level has been gradually improving since last year. Talking to Pakistani investors and businessmen in Dubai, he said the inflation has decreased to 2.4 per cent in January this year, while the policy rate is at 12 per cent. The Prime Minister said that Pakistan’s exports, including IT exports, are on the rise, and foreign remittances have reached a record high of three billion dollars in January this year. He said Pakistan’s economic landscape has witnessed stability at macroeconomic level following agreement with the International Monetary

January 30, 2025

The Pakistan Daily

BlogFeaturedNewsPakistan

The Role of International Financial Institutions in Addressing Global Poverty

Introduction: International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), the World Bank, and regional development banks have played crucial roles in the global economic landscape for decades. Their primary mission has been to support economic stability, growth, and poverty reduction worldwide. Despite this noble mission, the effectiveness of these institutions in addressing global poverty remains a topic of ongoing debate. In this blog, we’ll explore how IFIs function, their impact on developing nations, and the criticisms they face in their attempts to address the challenges of poverty. The Purpose of IFIs: The IMF and the World Bank

January 30, 2025

The Pakistan Daily

FeaturedNewsPakistan

Fuel prices set to rise again in February

Pakistanis are bracing for another potential increase in fuel prices, with sources indicating that the government is planning to raise petrol and diesel prices by up to Rs3 per liter and Rs6 per liter respectively, starting February 1, 2025. The anticipated price hike is attributed to the rising global crude oil prices. Sources suggest a Rs3 increase for petrol and a potential Rs6 increase for high-speed diesel, based on a forthcoming bi-weekly review. The Oil and Gas Regulatory Authority (OGRA) will submit a recommendation to the relevant ministry, factoring in international oil prices and exchange rate fluctuations. The final decision

January 30, 2025

The Pakistan Daily

FeaturedNewsPakistan

US to invest billions of dollars in Pakistan’s diverse sectors

The United States intends to invest billions of dollars in Pakistan, across various sectors, including minerals, real estate, energy, technology and the artificial intelligence. This was stated by head of US investors’ delegation and billionaire investor, Gentry Beach, while talking to media in Islamabad. He said that US President Donald Trump believes in economic diplomacy and that’s why we are visiting Pakistan. Gentry Beach said initially we are investing in the critical minerals and the real estate sectors. He said we are going to build some of the luxurious properties in Pakistan. Gentry Beach said we are seeing global opportunities

January 29, 2025

The Pakistan Daily

FeaturedNewsPakistan

CDWP approves 16 development projects worth Rs259.68b

The Central Development Working Party has approved 16 development projects worth of 259.68 billion rupees. The approval was given during a meeting of the CDWP in Islamabad with Deputy Chairman Planning Commission Ahsan Iqbal in the chair. Out of these, seven projects were recommended to the Executive Committee of the National Economic Council for its consideration and approval.