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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

Additional tax revenues to be spent on welfare projects: PM Shehbaz

Prime Minister Shehbaz Sharif has said the additional tax collection will be spent on health, education, and other public welfare projects. He said this in a statement in response to the Lahore High Court’s decision of dismissing the stay order on windfall tax on banks’ additional income, benefiting the national treasury by 11.5 billion rupees, and a total of 34.5 billion rupees over the last month. The Prime Minister, taking notice of the stay order cases regarding the windfall tax imposed on banks’ additional income under the Finance Act 2023, had directed the Minister of Law, Minister of Finance, Attorney

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

طورخم سرحد کھولنے کے لئے پاک افغان مذاکرات ناکام

پاکستانی اور افغان حکام کے درمیان تجارت اور مسافروں کی آمد ورفت کے لئے اہم سرحدی گزرگاہ طورخم کھولنے کے لئے مذاکرات ناکام ہوگئے ہیں۔ طورخم سرحد 21 فروری کو دونوں سائڈز پر سرحد کے قریب چیک پوسٹ اور دیگر تعمیرات کے معاملے پر تنازعہ سامنے انے کے بعد بند کردیا گیا تھا۔ پاک افغان مشترکہ صنعت وتجارت کے ایک مرکزی رہنما ضیاء الحق سرحدی نے ‘دی پاکستان ڈیلی’ کو بتایا کہ سرحد بند ہونے کی وجہ سے دونوں جانب تقریبا پانچ ہزار مال بردار گاڑیاں کھڑی ہیں جن میں خوراکی مواد بھی شامل ہے جس سے دونوں ممالک کے

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

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

Pakistan moving towards stability, says Atta Tarar

LAHORE – Federal Minister for Information and Broadcasting Attaullah Tarar has said with the grace of Allah Almighty and the sincere efforts of the incumbent government during the last year, things have improved in the country. He said the world was acknowledging that Pakistan was moving towards stability and its economy was improving. The minister was speaking at a convocation of an international education centre here on Sunday. He highlighted the importance of integrating research, digital media, and contemporary communication tools into religious education to make it more relevant to today’s world. He said that there was one vision behind

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