Exports increase by 22% to Rs.8.1 trillion in 11 months By: APP on June 23, 2023The exports from the country in the rupee term witnessed an increase of 22.13 percent during the past seven months of the current fiscal year 2022-23 as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported on Thursday. Exports from July 2022 to May 2023 were recorded at Rs. 6,187,511 […]
Abu Dhabi Ports Group to manage Karachi Port container terminal By: Agencies on June 23, 2023In a significant development, the Karachi Port Trust (KPT) has granted administrative control of the container terminal to Abu Dhabi Ports Group for duration of 50 years. Under the agreement, Abu Dhabi Ports Group will invest a substantial amount of 220 million dollars into the terminal, with the investment period spanning 10 years, and a […]
BoE hikes rate half-point as high inflation persists By: APP on June 23, 2023The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle stubbornly high UK inflation despite such a move worsening a cost-of-living crisis. The higher-than-expected hike to a 15-year high was the 13th increase in a row. “There had been significant upside news in recent data that indicated […]
China’s cross-border e-commerce trade value exceeds two trillion yuan in 2022: report By: APP on June 23, 2023Value of China’s cross-border e-commerce imports and exports exceeded 2 trillion yuan (about 280.55 billion U.S. dollars) for the first time in 2022, reaching 2.1 trillion yuan and marking an increase of 7.1 percent compared with 2021, according to a report released Thursday. The report was released by China’s General Administration of Customs (GAC) at […]
Macron opens climate finance summit with calls for change By: APP on June 23, 2023Paris, June 22 (AFP/APP):French President Emmanuel Macron opened a climate finance summit on Thursday by saying changes were needed to the global lending system to ensure that low-income countries “shouldn’t have to choose” between fighting climate change and poverty. He said the current international lending system, underpinned by the World Bank and the International Monetary […]
Pakistan receives $26.6m in FDI from China in May By: Agencies on June 23, 2023Pakistan received $26.6 million in FDI from China in May, China Economic Net (CEN) reported on Thursday. According to the latest statistics from the State Bank of Pakistan (SBP), Pakistan received $26.6 million in Foreign Direct Investment (FDI) from China in May 2023, contributing to a total FDI inflow of $149.6 million for the same […]
PM calls on world to ensure fair distribution of resources By: APP on June 23, 2023Prime Minister Shehbaz Sharif Thursday called on the international community to come up with a plan for fair, equitable and judicious distribution of resources to ensure sustainable peace and harmony in the world. Speaking here at the summit for a “New Global Financing Pact”, he said north had made progress and they would look forward […]
May 9: SC seeks details of all arrested accused By: APP on June 23, 2023The Supreme Court on Thursday sought complete details of accused arrested in connection with the May 9 riots and instructed respondents to submit written comments in the petitions against trial of civilian offenders in military courts. A seven-member bench headed by Chief Justice of Pakistan Umar Ata Bandial and comprising Justice Ijaz ul Ahsan, Justice […]
Justice Isa, Justice Tariq recuse from hearing case By: APP on June 23, 2023A nine-member bench of the apex court for hearing petitions about the trials of accused of May 9 riots and arson in military courts was dissolved on Thursday after Justice Qazi Faez Isa and Justice Sardar Tariq Masood recused from hearing the matter. As the hearing began, Justice Isa observed that he was astonished to […]
PM SAYS WILLING TO TAKE FURTHER STEPS JOINTLY WITH IMF: Pakistan ‘keenly looks forward’ to IMF deal By: APP on June 23, 2023Prime Minister Shehbaz Sharif Thursday said the government was fully committed to the ongoing Extended Fund Facility (EFF) of the International Monetary Fund (IMF). In a tweet he said, it was a pleasure to meet Managing Director IMF Kristalina Georgieva and he had a productive exchange of views with her on the IMF’s continued engagement […]