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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 19, 2025

The Pakistan Daily

FeaturedNewsPakistan

Parliamentary Committee on National Security expresses resolve to eliminate terrorism

The Parliamentary Committee on National Security has reiterated the nation’s resolve to eradicate terrorism in all its forms and manifestations from Pakistan. Prime Minister Shehbaz Sharif read out the declaration unanimously adopted by the Parliamentary Committee on National Security, which met in Islamabad on Tuesday with Speaker National Assembly Speaker Sardar Ayaz Sadiq in the chair. The committee stressed the need for a strategic and unified political resolve, combined with the full might of the state, to eliminate terrorism from the country. The forum emphasized the immediate implementation of the National Action Plan and the Azm-e-Istehkam strategy to dismantle terror

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

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 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 4, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan, KSA ink two financing agreements worth over $1b

Pakistan and Saudi Fund for Development have signed two financing agreements worth over one billion dollar. These agreements include “Deferred Payment for Oil Import from Saudi Arabia” worth 1.2 billion dollar for one year and “Construction of Gravity Flow Water Supply Scheme” at Mansehra amounting to 41 million dollar. Secretary Economic Affairs Dr Kazim Niaz and Chief Executive Officer Saudi Fund for Development Sultan Abdulrahman Al-Marshad signed the agreements. Among others, Prime Minister Shehbaz Sharif and Saudi Ambassador Nawaf bin Said Al-Malki witnessed the signing ceremony.