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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

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

PM Shehbaz to embark on 2-day visit to UAE today

Prime Minister Muhammad Shehbaz Sharif will pay a two-day official visit to the United Arab Emirates from Monday to participate in the World Governments Summit in Dubai. He is undertaking this visit at the invitation of Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The Summit will bring together a large number of Heads of State and Government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation. This marks Prime Minister Muhammad Shehbaz Sharif’s second visit to the UAE since

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

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

Pakistan to be part of premium economic club of world G-20 by 2030: Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar says Pakistan will be the part of premium economic club of the world G-20 by 2030 due to its enormous economic potential. Speaking at the Pakistan Business Council’s Dialogue on the Economy in Islamabad, he emphasized all stakeholders to work collectively for economic sovereignty of the country. He said that we have become 24th largest economy of the world and inflation has been declined from double digit to four percent. Highlighting the achievements at diplomatic fronts made by country during the present PML-N government, he said that Pakistan became the non-permanent member

Pakistan’s improved ratings positioning it as attractive destination for investment, says Muhammad Aurangzeb

Finance Minister Muhammad Aurangzeb, in his meeting with Qatari counterpart Ali Ahmed Al-Kuwari on the sidelines of World Economic Forum Annual Meeting in Davos, discussed avenues for enhancing economic and investment cooperation between two brotherly countries. He highlighted Pakistan’s improved international financial ratings, which reflect the country’s robust efforts towards fiscal reforms, macroeconomic stability, and sustainable development. The Finance Minister emphasized that these improvements are positioning Pakistan as an attractive destination for foreign investment, especially from key partner nations like Qatar. The meeting concluded with a shared vision to strengthen the partnership between the two brotherly nations, aiming to elevate

In a significant move Afghan, Chinese officials inaugurate freight train

ISLAMABAD: Afghan and Chinese officials on Thursday re-launched the direct China-Afghanistan Freight Train Service in a significant move to boost trade and economic ties. Special envoy for Afghan affairs of the Chinese Foreign Ministry Dr Yue Xiaoyong, and Afghan Ambassador Bilal Karimi were also present on the occasion, according to officials of the two countries. “Together with Afghanistan Amb. #BilalKamiri# in Nantong, one of the BRI (Built and Road Initiative) hub cities, north of Shanghai, celebrating the relaunching of China-Afghanistan direct freight train service,” the Chinese special envoy wrote on X. “Happily delivered a congratulation message this morning 31/10/’24 on

Pakistan’s ‘Diplomatic Waltz’ with China

Pakistan and China have been “iron brothers” longer than many of us have been alive, a partnership so robust it could make even the most stoic neighbour glance over the fence with a glint of envy. As Premier Li Qiang hobnobs in Islamabad ahead of the Shanghai Cooperation Organization (SCO) summit, the stage is set for Pakistan to emerge as a power broker, not in Asia but far beyond. India’s complex dynamics with China add a twist to the tale and Islamabad might just dance its way into a more influential role. The Pakistan-China dynamic is the stuff of legends,

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