ISLAMABAD: Against a flurry of activities between Pakistan and Saudi Arabia to boost trade ties, Crown Prince Mohammed Bin Salman is expected to arrive in Pakistan this month to conclude deals being negotiated between Islamabad and Riyadh. According to Foreign Minister Ishaq Dar, dates for the visit had not been communicated to Pakistan, but media reports claimed that the visit was likely …
RIYADH: In a meeting with Prime Minister Shehbaz Sharif, Saudi Commerce Minister Majid Al Kasabi on Monday said Pakistan was the kingdom’s “priority” for investment and trade as per the directives of Crown Prince Mohammed bin Salman, Radio Pakistan reported. The meeting between the two took place on the sidelines of the World Economic Forum’s (WEF) special meeting in Riyadh. The Saudi …
BEIJING: Chinese President Xi Jinping said Friday that China is happy to see a confident, open, prosperous and thriving United States and hopes the United States can also look at China’s development in a positive light. “This is a fundamental issue that must be addressed, just like the first button of a shirt that must be put right, in order …
RAWALPINDI: Chief of Army Staff (COAS) General Asim Munir on Friday said that complete independence was not possible without first achieving economic stability. According to the Inter-Services Public Relations (ISPR), the army chief made the remarks while addressing the Green Pakistan Initiative Conference. The remarks were also carried by state-run APP and Radio Pakistan. The federal government’s Green Pakistan Initiative is aimed at introducing the …
WASHINGTON: The Executive Board of the International Monetary Fund (IMF) will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA). “According to the IMF’s event calendar, the review meeting is set for 10:00am on April 29,” a diplomatic source informed Dawn. Earlier this week, the Fund published a schedule of the Executive Board’s meetings …
ISLAMABAD: Three months after the two countries were on the verge of a major conflict, Pakistan and Iran on Monday decided to strengthen economic and security cooperation by setting a $10 billion bilateral trade target and jointly fighting the menace of terrorism. The understanding between the two neighbours was reached after formal talks between Iranian President Ebrahim Raisi and Prime …
WASHINGTON: Finance Minister Muhammad Aurangzeb has stated that the process of privatising PIA will be finalised by the end of June or early July, with Islamabad airport potentially following suit shortly after. “The government has no business being in business,” the minister declared at a Saturday afternoon news briefing, explaining the government’s plan to divest from state-owned enterprises (SOEs). “We …
Following the success of AMAYA Residences which sold out in record-breaking time, One Homes is expected to launch another serviced apartment concept in Cedar Hills, Islamabad. The $35 million state-of-the-art development, positioned just 15 minutes from the capital’s centre, aims to merge the tranquillity of nature with urban dynamism. Tailored for the overseas Pakistani market, the project offers dollar-linked rental …
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the two sides reached a staff-level agreement regarding …
ISLAMABAD: The federal cabinet on Tuesday approved the restructuring of Pakistan International Airlines (PIA) but directed its specialised panel to sort out differences between the ministries of finance and privatisation over financial implications of the bifurcation of the airline for the budget. The cabinet gave the green light to invite interests from potential investors for selling 51% to 100% stake …