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Sugar

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…

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SA

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….

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SBP

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…

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Economy

Pakistan and Saudi Arabia to deepen economic cooperation

ISLAMABAD, October 10 2024: Pakistan and Saudi Arabia have reaffirmed their commitment to enhancing cooperation in key areas such as the economy, agriculture, mining and information technology. Both sides underlined the need to work together to build a prosperous and peaceful future for the region as well as for the Islamic World. This was discussed…

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“Pakistan Zero-Tariff Trade Zone” for Chinese Investors under consideration

ISLAMABAD, October 10 2024: A delegation from the China Asia Economic Development Association (CAEDA), led by Qian Qiu Zhu and Jian Jun Guo, met with the Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, on Thursday in Islamabad. During the meeting, CAEDA expressed interest in collaborating with Pakistan on a range of economic initiatives,…

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