Islamabad, November 01 2024: In a significant development for bilateral relations, a high-level meeting between Pakistani and Saudi ministers was convened in Riyadh to discuss and finalize a roadmap for increased investment between the two nations. The meeting focused on the implementation of existing Memoranda of Understanding (MOUs) and the progression of agreements established during…
Karachi, November 1 2024: In a bold call to action, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep dissatisfaction with the current monetary policy framework, urging a significant revision ahead of the upcoming Monetary Policy Committee (MPC) meeting. Sheikh highlighted that the prevailing policy rate…
KARACHI, October 31 2024: In a historic turn of events, Pakistan has reported a budget surplus for the first time since the second quarter of FY04, marking a significant milestone in the country’s fiscal management. Key Highlights of 1QFY25: Overall, these figures reflect a significant shift in Pakistan’s economic landscape, showcasing improved fiscal discipline and…
KARACHI, October 31 2024: In a groundbreaking turn of events, Pakistan has announced its first-ever fiscal surplus, reporting an impressive Rs1.7 trillion, equivalent to 1.4% of its GDP, for the first quarter of FY25. This achievement marks a significant departure from the fiscal struggles that have plagued the nation over the past two decades. The…
Saudia Arabia, October 30 2024: Saudia, the national flag carrier of Saudi Arabia, has announced impressive operational results for the third quarter of 2024, showcasing a 10% growth in guest transportation compared to the same period last year. The airline successfully transported over nine million guests on more than 49,500 flights, reflecting a 9% increase…