News Updates

Day: September 28, 2024

Pakistan witnesses substantial increase in current account balance

Pakistan has witnessed a substantial increase in current account balance with the support of Special Investment Facilitation Council. According to the latest statistics released by the State Bank of Pakistan, after remaining negative for three consecutive months, current account balance remained positive with an increase of 75 million dollar in

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Aleem invites Chinese investors to invest in diverse sectors

Minister for Privatization, Abdul Aleem Khan has invited Chinese businessmen to invest in housing, energy and transport sectors in Pakistan. He was presiding over a Business and Investment Roundtable held in Beijing to promote investment cooperation between Pakistan and China. Abdul Aleem Khan said since the visit of Prime Minister

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Defence Minister calls for restoration of peace in Afghanistan

Defence Minister Khwaja Muhammad Asif says Pakistan remains committed to expanding trade, commerce and investment in Afghanistan. He was addressing the third meeting of the Quadripartite Group on Afghanistan in New York. Pakistan, China, Iran and Russia are the member of Quadripartite Group on Afghanistan. The Defence Minister said we

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Gilani highlights textile sector’s key economic contribution

Chairman of Senate, Syed Yusuf Raza Gilani has underscored significant contribution of textile sector in country’s economy. Addressing 7th International Conference on Textiles in Lahore, he said textiles sector contributes over sixty percent in country’s exports which is a substantial share in national income. Senate Chairman also called for high-quality

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SBP receives over $1bn as 1st tranche from IMF

State Bank of Pakistan has received first tranche of approximately one billion and twenty six million dollars from International Monetary Fund. It has been received following approval of IMF Executive Board of thirty-seven month Extended Fund Facility amounting to seven billion dollars for Pakistan. Source: Radio Pakistan

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Work on Green Energy Project is in full swing: Awais

Federal Minister for Energy Sardar Awais Ahmed Khan says work on the green energy project is in full-swing to reduce electricity cost. Addressing a ceremony in Lahore, he said upgradation of the electricity transmission system is essential. He said modern technology is being promoted in the electricity distribution companies and

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