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Articles for tag: domestic, facilitate, Minister, pave, PIF, private, Saudi, sector, spending, urges

October 29, 2025

News Desk

Saudi minister urges PIF to facilitate domestic spending, pave way for private sector

Saudi Arabia’s Investment Minister Khalid bin Abdulaziz Al-Falih attends the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, October 29, 2024. — Reuters Minister Khalid urges PIF to pave way for private sector. The PIF president said the fund last year would focus on domestic projects. The Fund’s initial strategy for the period 2021-2025 expires in December of this year. Saudi Arabia’s investment minister urged the kingdom’s Public Investment Fund (PIF) on Tuesday to ease spending on domestic projects and pave the way for more private sector investment as the fund prepares to draw up a new strategic plan. “It’s

August 31, 2025

News Desk

China invoices pave the way for high seafood exports to us

Islamabad: Pakistan is likely to make the most of the US seafood market, as Washington has imposed high invoices on the Chinese seafood industry. China has lost the entire seafood market in the US after higher duties, according to market sources, adding that Beijing was expected to shift its Pakistan market for exports to the US. Federal Minister of Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Saturday that Pakistan has received authorization to extend to exporting fish and fish in the United States from another four years. In a statement, the minister said the decision reflects international recognition of

December 27, 2024

News Desk

Prudent fiscal management, strategic reforms that pave the way for economic growth: report

People walk as they shop in a market in Karachi on April 19, 2023. — Reuters ISLAMABAD: The country’s economy has shown steady positive developments in the first five months of the current financial year, with prudent fiscal management and strategic reforms paving the way for sustainable economic growth, the finance ministry said on Friday. “Macroeconomic figures strengthened, characterized by further deceleration in CPI inflation with stable food prices, effective fiscal consolidation leading to fiscal surplus, current account surplus supported by increased exports and remittances and accommodative stance of monetary policy,” the ministry said. Finance. in its monthly financial report.

December 27, 2024

News Desk

The German president dissolves parliament to pave the way for early elections

German President Frank-Walter Steinmeier dissolves Germany’s parliament, the Bundestag, during a statement to the media after Chancellor Olaf Scholz lost a vote of confidence at Bellevue Palace in Berlin, Germany, December 27, 2024. — Reuters BERLIN: President Frank-Walter Steinmeier on Friday dissolved Germany’s lower house to pave the way for snap elections on February 23 after Chancellor Olaf Scholz’s tripartite coalition collapsed. “Especially in difficult times like now, stability requires a government capable of acting and reliable majorities in parliament,” which is why early elections were the right way for Germany, Steinmeier said in Berlin. After the election, problem solving

June 15, 2024

News Desk

Tax hikes to pave the way for the IMF loan

KARACHI: Moody’s Ratings reported on Friday that Pakistan’s federal government has raised tax rates in the 2024-25 budget to generate higher revenue, moving towards winning the International Monetary Fund (IMF) loan program and unlocking additional funding from multilateral and bilateral partners. At the same time, however, it saw a significant increase in subsidies, particularly in the electricity sector, which showed the government’s inability to undertake promised structural reforms amid a weaker coalition government. Additionally, an 18% jump in debt interest payments to Rs9.8 trillion is equivalent to half of estimated earnings, suggesting a “weak debt affordability leading to high debt

December 3, 2023

News Desk

Pakistan and Saudi Arabia reach consensus to pave way for landmark trade deal

“Productive discussions in Riyadh as we work to finalize the GCC investment-related part of the FTA,” the minister said Interim Commerce Minister Gohar Ejaz (center) holds the final round of talks with the GCC chief negotiator in Riyadh on December 2, 2023. — X/Gohar Ejaz ‘Productive talks’ in Saudi Arabia, says trade minister. Ejaz says the agreement will strengthen Pakistan-GSR economic ties. Pakistan and Saudi Arabia have reached a consensus on investment modalities, says Solangi. ISLAMABAD: Pakistan and Saudi Arabia have reached a consensus on investment details, paving the way for the ratification of a long-awaited free trade agreement (FTA)

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