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Day: July 29, 2024

Govt sets IT exports target to $15b in next 5 years

The government has set the target of enhancing IT exports to fifteen billion dollars in the next five years. The IT sector is one of the priority sectors of Special Investment Facilitation Council (SIFC). State Bank of Pakistan has made amendments in the Foreign Exchange Manual to increase the international

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Planning Minister vows to implement 5Es framework

Minister for Planning and Development Ahsan Iqbal has reaffirmed government’s commitment to implementing 5Es framework to propel the country forward on the path of development. Addressing an event in Islamabad today, he stressed that peace, stability, continuity of policies and reforms are of paramount important to include Pakistan in the

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Fitch upgrades Pakistan’s rating to ‘CCC+’ from ‘CCC’

Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating to ‘CCC+’ from ‘CCC’. According to Fitch, the upgrade reflects greater certainty over continued availability of external funding, in the context of Pakistan’s staff-level agreement with the IMF on a new 37-month seven billion dollars Extended Fund Facility. It said

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PM orders measures for safety of people amid heavy rains

Prime Minister Shehbaz Sharif has directed National Disaster Management Authority (NDMA) to take immediate measures for the protection of lives and properties of people in view of the torrential rains in the country. In a statement, the Prime Minister directed the NDMA to support the four provincial governments as well

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Naval Chief pays official visit to Romania

Naval Chief Admiral Naveed Ashraf paid an official visit to Romania and held a joint meeting with the Chief of Defence Staff of Romania and the Chief of the Romanian Navy. They discussed issues related to regional maritime security and stability, bilateral military cooperation and professional matters of mutual interest.

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