Pakistan
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Saudi Arabia finalising extension of $3bn deposit to Pakistan | The Express Tribune
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[ad_1] DAVOS: Saudi Arabia is finalising the extension of the kingdom’s $3 billion deposit to Pakistan, Saudi Minister of Finance Mohammed al-Jadaan told Reuters. “We are currently finalising extending the $3 billion deposit to Pakistan,” he said on the sidelines of the World Economic Forum in Davos. Last year, Saudi Arabia deposited $3 billion in…
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Pakistan to set up pavilions in Beijing | The Express Tribune
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[ad_1] BEIJING: Pakistan’s national pavilions (offline and online) will be established in Beijing and on famous Chinese social media platform TikTok to promote high-quality products in Chinese markets, said Pakistan’s Ambassador Moinul Haque. He met with Lu Hongjun, President of the China Asian Economic Development Association’s Urban Cooperation Committee (Caeda-UCC) and appreciated Caeda’s proactive role…
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Pakistan briefs ASEAN diplomatic missions on CPEC | The Express Tribune
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[ad_1] The Ministry of Foreign Affairs on Friday hosted a briefing on the China-Pakistan Economic Corridor (CPEC) for resident diplomatic missions of Association of Southeast Asian Nations (Asean) member countries. Chaired by the additional secretary (Asia-Pacific), the panel of briefers included senior officials of the ministry, the CPEC Authority and the Board of Investment. In…
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ADB reaffirms support to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) has always been a great supporter of Pakistan in pursuing reforms and implementing various development projects in the country, remarked Federal Minister for Finance and Revenue Miftah Ismail. In a meeting with ADB Executive Directors Wan Farissan Bin Wan Suleiman and Noor Ahmed on Tuesday, the minister acknowledged…
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Global economic outlook and Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Having made a sound recovery in 2021 from the Covid-19 induced contraction in 2020, most of the major economies on the globe are heading for an awkward combination of rising prices and falling growth rates. This situation together with actual or likely policy responses thereto weighs significantly on Pakistan’s economic outlook. According to…
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ADB hints at providing $2.5 billion loan to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) on Thursday indicated providing $2.5 billion in additional loans to Pakistan, including $1.5 billion before end of year, but the government will have to secure a good economic health certificate from the International Monetary Fund (IMF). “The ADB indicated the additional support of $2.5 billion for the next…
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Pakistan exports its first SUV class vehicle | The Express Tribune
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[ad_1] KARACHI: Pakistan has exported its first vehicle – made by Master Changan Motors – under the new Auto Industry Development and Export Policy (AIDEP 2021-26), according to a press release issued by the company on Thursday. The press release stated that under the new auto policy, all OEMs would require to initiate vehicle exports to help…
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Pakistan yet to take full advantage of GSP+ | The Express Tribune
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[ad_1] KARACHI: Pakistan’s Generalised Scheme of Preferences (GSP+) status is about to end in December 2023, but the country is yet to take full advantage of the scheme. Contrary to the objective of GSP+ status, ie trade diversification, Pakistan is heavily relying on only textiles to date. For the continuation of GSP+ status beyond 2023,…
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Pakistan urges Saudi Arabia not to withdraw deposits given to SBP | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail has said that the government has requested Saudi Arabia not to withdraw its deposits given to the State Bank of Pakistan (SBP) and extend its oil facility for Pakistan. Addressing a press conference in Karachi on Wednesday, he lamented former prime minister Imran Khan’s government for making promises to the…
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Costly veg oil: a test for Pakistan | The Express Tribune
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[ad_1] BEIJING: As Ukraine and Russia are the top two exporters of sunflower seed oil, the military conflict between them has led to sharp spikes in vegetable oil prices among food commodities. The FAO Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points from February and hitting a new record high. Pakistan,…
