Pakistan
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Pakistan ‘upbeat’ on rollover of $2bn UAE deposit
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[ad_1] A person counts $100 bank notes. — AFP/File ISLAMABAD: Pakistani authorities are hopeful that the United Arab Emirates (UAE) will roll over deposits worth $2 billion, sources told Geo News on Monday. People familiar with the matter told Geo News that caretaker Prime Minster Anwaar-ul-Haq Kakar has written a letter to UAE President Mohamed…
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Much to freelancers’ solace, Pakistan to allow payments via PayPal
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[ad_1] A representational image of online payment, money transfer platform PayPal. — AFP/File For years Pakistani freelancers and professionals from various industries have complained of the absence of various online payment and money transfer platforms, however, this is all set to change as caretaker Minister for Information and Technology Dr Umar Saif Sunday announced that…
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Pakistan to shine at Heimtextil 2024 trade fair | The Express Tribune
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[ad_1] KARACHI: Pakistan, renowned for its rich textile heritage, is gearing up for a groundbreaking opportunity as it prepares to participate in Heimtextil 2024. With a focus on maximising home textiles exports, Pakistan’s presence at this prestigious international trade fair promises to elevate the nation’s position in the global market. Amidst a wave of anticipation…
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Pakistan receives 160 high-end electric buses
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[ad_1] A screengrab showing the electric bus launched in Karachi. — X/@sharjeelinam/File Pakistan on Saturday received 160 high-end pure electric buses from a Chinese company during a ceremony held in Suzhou Industrial Park in Jiangsu province. The value of the order exceeds RMB 150 million (Chinese currency), which is the first time that Pakistan has…
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PayPal enters Pakistan via strategic partnership | The Express Tribune
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[ad_1] ISLAMABAD: PayPal is set to establish its presence in Pakistan through a strategic partnership with an existing international payment gateway, catering to freelancers and IT professionals. The joint venture announcement is expected next week. Caretaker Minister for IT and Telecom, Dr Umar Saif, stated that PayPal will operate indirectly in Pakistan through this collaboration,…
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Will Pakistan oscillate between despair and hope this year? | The Express Tribune
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[ad_1] ISLAMABAD: As 2023 draws to a close, it has left behind a mix of despair and hope. The economy had teetered on the brink of default but was then propped up with life support. The future of 242 million people now hinges on the anticipation of a return to political and economic stability at…
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Pakistan inks $1.2 billion loan agreement with ADB
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[ad_1] An image of the headquarters of the Asian Development Bank (ADB). — ADB website/File The Asian Development Bank (ADB) Wednesday confirmed that it has inked a $1.2 billion loan agreement with Pakistan. The agreement, signed on December 15, provisions budget funding and initiatives focused on domestic resource mobilisation and also features six projects aimed…
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Pakistan, ADB ink $1.2b loan deals | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed six loan agreements worth $1.2 billion, with one-third of it to be disbursed as budget financing, reopening choked financing pipelines after reaching a deal with the International Monetary Fund (IMF). The loan agreements were signed by the Economic Affairs Division (EAD) and the local…
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Pakistan records $9m current account surplus in Nov | The Express Tribune
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[ad_1] KARACHI: Pakistan’s balance of current account recorded a surplus of $9 million in November 2023 after remaining in deficit in the first four months (July-October) of the current fiscal year 2023-24, suggesting that the country’s capacity to make international payments has improved in recent times. State Bank of Pakistan (SBP) reported on Monday the…
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Pakistan, Japan launch ambitious project to boost ICT exports | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Ministry of Information Technology and Telecommunication (MoITT), Pakistan, and the Japan International Cooperation Agency (JICA) have initiated an EAD-approved project focused on elevating Pakistan’s ICT industry exports to Japan and fostering partnerships between public and private entities. The formal Record of Discussions was signed by key representatives at MoITT on Friday,…
