February 6, 2025
A three-day Made in Pakistan Exhibition and Business Forum has begun at Jeddah in Saudi Arabia. The Trade Development Authority of Pakistan and the Ministry of Commerce have showcased a diverse range of Pakistani products to tap into the lucrative Saudi market. The exhibition is designed to connect Pakistani businesses with Saudi and International buyers and investors promoting the country’s products in Saudi market.
January 30, 2025
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 29, 2025
ISLAMABAD: The National Accountability Bureau (NAB) has initiated proceedings to extradite property tycoon Malik Riaz and his son, Ali Malik, from the United Arab Emirates (UAE). According to an NAB official, the extradition request is being pursued under international anti-money laundering laws and the Vienna Convention. The accountability watchdog has formally approached UAE authorities for assistance in returning Mr. Riaz, who has long been considered untouchable due to his influence and extensive business empire. Dismissing claims by Pakistan Tehreek-e-Insaf (PTI) that Mr. Riaz was not accused of corruption in the UK, the source cited a November 2021 ruling by the
January 22, 2025
President Asif Ali Zardari will visit China next month. According to diplomatic sources, President Asif Zardari’s visit to China is likely to begin on February 6 which will be of three days. The preparations for President Zardari’s visit to China have entered the final stages, diplomatic sources said. President Zardari will also attend the Winter Games ceremony in Harbin during his visit to China. Former Foreign Minister Bilawal Bhutto Zardari will also accompany President Zardari on the visit. The President will also hold important bilateral meetings with Chinese leaders during his visit to Beijing. The President was supposed to visit
November 25, 2024
President of the Republic of Belarus Aleksandr Lukashenko will undertake a three-day visit to Pakistan from today. In a statement, Foreign Office said the President Aleksandr Lukashenko will hold extensive talks with Prime Minister Muhammad Shehbaz Sharif and discuss areas of bilateral cooperation and engagement. Several agreements and Memorandum of Understandings will also be signed during the visit. The visit of the President of Belarus reflects the strong and growing partnership between Pakistan and Belarus. A ministerial delegation of Belarus led by Foreign Minister Maxim Ryzhenkov had already arrived in Islamabad. Interior Minister Mohsin Naqvi received the delegation at the
October 31, 2024
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
October 31, 2024
ISLAMABAD: Germany has sought the intervention of Pakistan’s Chief of Army Staff, General Asim Munir, in amending a settlement agreement involving a 450MW power plant operated by Siemens. This move follows a disputed settlement agreement that German stakeholders allege they were compelled to accept, triggering diplomatic concern over investor confidence in Pakistan. According to media sources, Germany’s Ambassador to Pakistan, Alfred Grannas, formally requested General Munir’s assistance following Siemens’ enforced settlement, which requires the company to transfer the plant at a nominal cost to the Pakistani government. The government, however, asserts the settlement was mutually negotiated. Siemens holds a 26%
October 10, 2024
In the intricate mosaic of global alliances, few relationships resonate with the profound depth and timeless essence of the bond between Pakistan and Saudi Arabia. This is not merely a diplomatic rapport but a tapestry woven with threads of shared faith, cultural affinity, and mutual aspirations. As the sands of time shift, this enduring brotherhood is poised to transcend into an unprecedented economic partnership, turning the pages of history to a chapter where ancient ties invigorate modern ambitions. Recent declarations by Saudi Investment Minister Khalid Al-Falih, proclaiming “no limits to Pak-Saudi economic cooperation,” are not hollow diplomatic overtures but echoes
October 7, 2024
KARACHI: An explosion near the Karachi International Airport has killed two Chinese nationals and injured several others, officials from both countries said. Police and the provincial government said a tanker exploded outside the airport, which is Pakistan’s biggest, on Sunday night. The nature of the blast was not immediately clear, the local news channel reported. In a statement, the militant group Baloch Liberation Army (BLA) claimed the explosion was an attack carried out by them using a vehicle-borne improvised explosive device targeting “a high-level convoy of Chinese engineers and investors” coming from Karachi’s airport. The Chinese embassy in Pakistan said
Despite prevailing economic crises, Pakistan’s stock market has shown resilience to emerge as the best performing market in Asia in 2024, according to Bloomberg. The KSE-100 index reflects a 27% gain in dollar terms this year, with experts expecting further gains. Strategists attribute the market’s strong performance to cheap valuations, high positive real interest rates and a well-valued currency. The recently proposed budget, aimed at securing a new loan from the International Monetary Fund (IMF), has also boosted investor confidence. Topline Securities Ltd and Arif Habib Ltd predict that the KSE-100 index could see an additional 10% rise by the
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October 26, 2026
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