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Articles for tag: Arabia, Investment, key, Pakistan, pledge, promote, Saudi, sectors

October 23, 2024

News Desk

Pakistan and Saudi Arabia pledge to promote investment in key sectors

Finance Minister Muhammad Aurangzeb and Saudi Arabia’s Finance Minister Mohammed Aljadaan meet on the sidelines of the World Bank-IMF Annual Meetings in Washington on October 23, 2024. — Ministry of Finance FinMins appreciate the historical, brotherly ties between 2 countries. Both sides agreed to promote cooperation in many fields. Aurangzeb to Washington to attend the annual meetings of the PT-IMF. Appreciating the historic and brotherly ties between Pakistan and Saudi Arabia, both sides expressed determination to further deepen mutually beneficial economic ties, enhance bilateral trade and facilitate investment in key sectors. The commitment was renewed at a meeting between Finance

October 14, 2024

News Desk

Afghan Taliban pledge to implement media ban on images of living beings

Taliban forces patrol in front of Hamid Karzai International Airport in Kabul, Afghanistan, September 2, 2021. — Reuters KABUL: The Afghan Taliban’s ethics ministry pledged on Monday to implement a law banning the media from publishing images of all living things, with journalists saying the rule would be phased in. It comes after the Taliban government recently announced legislation formalizing the implementation of Sharia law. “The law applies to all of Afghanistan […] and it will be implemented gradually,” Ministry for the Propagation of Virtue and Prevention of Virtue (PVPV) spokesman Saiful Islam Khyber told AFP, adding that officials would

September 1, 2024

News Desk

Taliban pledge international engagement as UN condemns moral law as ‘gender apartheid’

KABUL: A Taliban government spokesman said Afghan authorities had pledged to engage with the international community after a new morality law sparked tense exchanges over women’s rights. The United Nations and European Union have warned that the law — which requires women to be fully covered and not raise their voices in public — could hurt prospects for engagement with foreign nations and international organizations. Deputy government spokesman Hamdullah Fitrat was responding to comments by a spokesman for the UN secretary-general assuring continued engagement with Taliban authorities after Afghanistan’s ethics ministry said it would no longer cooperate with the UN

August 28, 2024

News Desk

Pakistan and Turkey pledge to strengthen bilateral trade relations

Listen to the article Islamabad: Pakistan and Turkey have reaffirmed their commitment to expand bilateral trade, aiming to reach the target of $5 billion, after signing the 2022 Trade in Goods Agreement. Both nations emphasized the importance of boosting trade and investment through more Government-to-Government (G2G) and Business-to-Business (B2B) arrangements, according to a press release from Pakistan’s finance ministry. The statement was made during a farewell video conference by the Ambassador of Turkey, Mehmet Paçaci, to the Federal Minister of Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb. The meeting highlighted the deep-rooted ties between Pakistan and Turkey, based on

August 13, 2024

News Desk

Sports legends pledge to uplift Pakistan’s athletics

As Pakistan celebrates its 77th Independence Day in green and white, the nation’s sporting heroes have offered more than just congratulatory messages. These legends, whose achievements have elevated the country to the world stage, have united in a pledge to propel Pakistan to new heights in the world of sports. In hockey fields, squash courts, boxing rings and Olympic arenas, these icons not only brought home medals and trophies, but also inspired generations to come. They have expressed a renewed commitment to steer the nation towards a brighter, more prosperous future in sports. They also pledged to uphold the legacy

July 25, 2024

News Desk

Musk ‘never told me’ about $45m donation pledge: Trump

Former US President and Republican candidate Donald Trump (left) and SpaceX and Tesla CEO Elon Musk — Reuters Former US President Donald Trump has confirmed that Elon Musk never told him he would pledge $45 million a month to support the presidential campaign just days after the Tesla CEO refused. Wall Street Journals states that he would. “I have a good relationship with him, I think he’s a good guy,” Trump said of Musk during an interview with Fox News. “Someone told me they would give me 45 million [dollars] one month. I said, ‘That sounds like a lot, even

July 6, 2024

News Desk

Oil and gas exploration companies pledge $5 billion investment in Pakistan

Prime Minister Shehbaz Sharif presides over a meeting in Islamabad. — APP/File Oil and gas companies meet PM Shehbaz to discuss investments. Prime Minister forms high-level committee to address E&P sector issues. It secures the E&P sector for complete investment and profit security. ISLAMABAD: A group of local and international oil and gas exploration and production (E&P) companies are poised to pump $5 billion into Pakistan’s oil sector, showing confidence in the government’s investor-friendly policies and assurances of the safety of their capital, according to the state -run APPLICATION. An announcement to this effect came to light at a meeting

June 5, 2024

News Desk

Indian PM Modi to be sworn in for 3rd term on June 8 as allies pledge support

A person carries a cutout of Indian Prime Minister Narendra Modi outside the Bharatiya Janata Party (BJP) headquarters, on the day of general election results, in New Delhi, India, June 4, 2024. — Reuters Indian Prime Minister Narendra Modi is expected to be sworn in for a record third term on June 8 after key allies pledged continued support a day after a humiliating election verdict saw his party lose its majority in parliament. Modi, a populist who has dominated Indian politics since taking office in 2014, will for the first time need the support of regional allies whose loyalty

May 4, 2024

News Desk

ADB, donors pledge $5 billion in grants

KARACHI: The Asian Development Bank (ADB) and donors have pledged $5 billion in grants for member countries to combat vulnerabilities such as climate change, natural disasters, poverty and the gender gap over the next four years, giving the enabling nations, including Pakistan, to focus on growth, development. and regional connectivity. In a statement on Friday, ADB said: “Donors and ADB agreed to match $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8. The commitment was made during the 57th Annual ADB meeting’. According to the bank, ADB President Masatsugu Asakawa said at a

April 13, 2024

News Desk

PSX over 70,000 in Saudi investment pledge

KARACHI: The Pakistan Stock Exchange (PSX) broke back-to-back records over the past week as investors pushed the KSE-100 above the psychological barrier of 70,000 on reports of Saudi Arabia’s willingness to invest billion dollars and the upcoming talks with the International Monetary Fund. IMF) for a larger loan program. Although the market remained open for only two days during the week due to Eidul Fitr holidays, the index added nearly 1,900 points to its tally. A significant increase in remittances sent abroad by overseas Pakistanis and a stable rupee against the US dollar also fueled positive market momentum. On Monday,

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