The federal cabinet has accepted a deal to hold $3 billion in Saudi Arabian funding in Pakistan’s State Bank. The transaction was approved by the Cabinet via a dissemination summary on Saturday. The Saudi government agreed to keep a $3 billion reserve at the State Bank. The help will beRead More →
Reuters reports that Zoom Video Communications Inc’s (ZM.O) third-quarter sales growth rate dropped to 35% as demand for its video-conferencing tools fell from pandemic-fueled highs last year, sending the company’s shares down around 6% on Monday. Zoom reported $1.05 billion in revenue for the fiscal quarter ending Oct. 31, upRead More →
NAROWAL – Former Indian cricketer and politician Navjot Singh Sidhu hailed Prime Minister Imran Khan on Saturday for completing the Kartarpur corridor and praised Pakistan’s preparations for the 552nd birth anniversary of Bab Guru Nanak. Hundreds of Sikh pilgrims attended the festivities of Baba Guru Nanak’s birth, including Indian PunjabRead More →
KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
ISLAMABAD – On Tuesday, the Saudi Fund for Development announced a “generous instruction” to deposit US $3 billion with the State Bank of Pakistan to help the government maintain its foreign currency reserves and deal with the effects of the Corona outbreak. The deposit of US 3 billion dollars wasRead More →
ISLAMABAD – The Pandora Papers have uncovered further levels of corruption in Nawaz Sharif and Asif Ali Zardari, according to Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain. He said in a tweet that Sharjeel Memon and Ali Dar, Nawaz Sharif’s son-in-law and Ishaq Dar’s son, had no statusRead More →
ISLAMABAD, Pakistan – During a phone chat on Thursday, Prime Minister Imran Khan and Iraqi Prime Minister Mustafa Al-Kadhimi expressed a willingness to deepen bilateral cooperation between the two nations in a variety of sectors, including commerce, investment, infrastructure development, and religious tourism. The Prime Minister wished the Iraqi governmentRead More →
Prime Minister Imran Khan unveiled Pakistan’s first domestically produced electric motorbike on Thursday.The prime minister said the debut of the electric motorbike was a “futuristic stride” and that his government’s new electric vehicle (EV) policy laid out a strategy and established a future direction at a ceremony in Islamabad.The introductionRead More →
Chinese Foreign Minister and State Counselor Wang Yi vowed Wednesday that despite changes in international politics, China will remain committed to Pakistan. Yi was speaking at a conference organised by the Pakistan-China Institute (PCI) to commemorate 70 years of Pakistan-China ties titled “Pakistan-China At 70: A Unique Bilateral Partnership.” FMRead More →
ISLAMABAD :Samsung has been in negotiations with three investors about establishing a mobile manufacturing facility in Pakistan. According to sources, one of the three parties has a franchise from Korea and has already established car assembly factories in Pakistan as part of the Auto Development Policy (ADP) 2016-21, while theRead More →
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