Economy
President Zardari advocates for enhanced railroad connectivity with Turkiye
Ashgabat, October 11, 2024: During a pivotal meeting with Numan Kurtulmus, Speaker of the Turkish Parliament, President Asif Ali Zardari emphasized the importance of improving railroad connectivity between Pakistan and Turkiye as a means to enhance trade, economic cooperation, and people-to-people contacts. The discussion took place on the sidelines of the International Forum on “Interrelation…
SCO Summit to boost business opportunities
Islamabad, October 11, 2024: In a meeting held today in Islamabad, Barrister Danyal Chaudhry, Parliamentary Secretary on Information and Broadcasting, expressed optimism about the upcoming Shanghai Cooperation Organization (SCO) summit, highlighting its potential to strengthen business ties between China and Pakistan. The meeting included representatives from the Pakistan Overseas Chinese Association and the China-Pakistan Youth…
ECC Approves dditional export of 0.5 million metric tonnes of surplus sugar
Islamabad, October 11, 2024: In a meeting chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, the Economic Coordination Committee (ECC) of the Cabinet approved the export of an additional 0.5 million metric tonnes (MT) of surplus sugar. The decision follows a thorough review of existing sugar stocks, domestic consumption, and the anticipated…
Pakistan and Saudi Arabia strengthen economic ties through major corporate collaborations
Pakistan, October 11 2024: In a significant boost to Pakistan-Saudi economic relations, prominent Pakistani companies, including Citi Pharma Limited and Pakistan Cables, have entered into strategic agreements with Saudi firms. These partnerships, forged as part of the growing economic cooperation between the two nations, aim to enhance industrial capabilities and boost trade across key sectors….
SBP released its annual report in the national payment ecosystem during the Fiscal Year 2023-24
KARACHI, October 11 2024: The State Bank of Pakistan (SBP) has released its annual report highlighting the significant advancements in the national payment ecosystem during the Fiscal Year 2023-24. The report underscores the remarkable growth in digital payments, driven by the increasing availability and adoption of digital payment channels, reflecting a growing reliance on these…