Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the country would launch a Panda bond before year-end. Pakistan has an existing 30 billion yuan swap line already, Aurangzeb told Reuters in an interview on the […]
Pakistan’s Information Technology (IT) companies have strongly demanded the government to rationalise taxes on the IT sector in order to enhance its exports manifold in the coming years. Muhammad Umair Nizam, Senior Vice Chairman of the Pakistan Software Houses Association (P@SHA), called for a major reduction in the burden of income tax on employees’ salaries […]
In a collaborative effort to strengthen Pakistan’s export sector, Chief Collector of Customs (Export) Mohammad Sadiq reaffirmed the commitment of customs authorities to work closely with the Karachi Chamber of Commerce and Industry (KCCI) to promote seamless trade operations. Speaking at a meeting during his visit to the KCCI, the chief collector emphasised the longstanding, […]
A minister’s complaint cell has been launched as a key component of the upcoming comprehensive reforms in the maritime sector in a bid to promote transparency and ensure faster delivery of public services. In line with the vision of Prime Minister Muhammad Shehbaz Sharif, Federal Minister for Maritime Affairs Junaid Anwar Chaudhry launched the complaint […]
Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, reaffirmed Pakistan’s improving macroeconomic stability and positive outlook during a series of high-level meetings with senior executives from some of the world’s leading financial and investment institutions, including JP Morgan, Standard Chartered, Deutsche Bank, Jefferies, and major credit rating agencies, held on the sidelines of […]
Jules Kounde lashed home a dramatic extra-time winner as Barcelona beat Real Madrid 3-2 in a thrilling Copa del Rey final, claiming their second major trophy under Hansi Flick after a fiery Clasico in Seville. After a 2-2 draw across 90 minutes, the Barcelona defender struck from 22 yards out, drilling a powerful shot into […]
Experts from diverse sectors, educationists and students pledged to uphold the principles of environmental justice, equity, and sustainability in their daily lives and corporate operations, and promised to support and engage in efforts that promote climate resilience, nature conservation, responsible consumption and environmental education. Their commitment included complying with national and international environmental laws, and […]
With over 9,000 patients visiting daily, the Pakistan Institute of Medical Sciences (PIMS) hospital is undergoing significant transformation to meet the growing healthcare demands of the population. A series of major reforms aimed at improving healthcare services, patient satisfaction, and staff accountability at the country’s premier public hospital, PIMS Executive Director Dr Imran Sikandar said […]
The Civil Defence Department has launched a campaign against the unchecked sale and supply of various bottled water brands under the label of “mineral water” across the city. According to a spokesperson, authorities have begun collecting samples of bottled water being delivered monthly to homes, offices, markets and residential areas. Currently, more than a dozen […]