Pakistan Climate Change and COP29 By: Muhammad Zahid Rifat on November 21, 2024Climate change is one of the most significant environmental challenges facing the world. Greenhouse gas (GHG) emissions resulting from human activities, particularly fossil fuel consumption and deforestation, have increased the concentration of these gases in the atmosphere, leading to irreversible damage to natural resources and ecosystems. Climate change is expected to devastate the world’s poor, […]
Global Interest Rates Lowering; Why? By: Juan Abbas on November 21, 2024The Global Economy has seen much turbulence in the past 4 years. Irrational decisions made in 2020, made it difficult for a speedy recovery, for economies around the world, especially the underlying strength in emerging economies before the Pandemic. The Federal Reserve, as well as the European Central Bank, set the precedent early on for […]
Karachi-Chittagong ports connectivity By: Ibrahim Khalil Ahasan on November 21, 2024On November 11, a direct cargo ship from Karachi, Pakistan, arrived in the port of Chittagong, Bangladesh, establishing the first-ever direct maritime connection between the two nations. This was a huge step to strengthen the connections. The Bay of Bengal, the Indian Ocean, and the Arabian Sea bind Bangladesh and Pakistan, who are close neighbors. […]
Role of TVET in Pakistan’s Economic Growth By: Zamur Hafeez on November 21, 2024The youth of a nation plays a crucial role in its progress. According to the UNDP Human Development Report (NIHDR) 2018, increasing the earning capacity of youth through proper education and training can significantly reduce unemployment and poverty. Technical and Vocational Education and Training (TVET) institutions, of which Pakistan has around 2,173, serve as the […]
PSX snaps winning streak as index loses 310 points By: APP on November 21, 2024The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 310.21 points, a negative change of 0.32 percent, closing at 95,546.46 points as compared to 95,856.67 points on the last trading day. A total of 1,138,411,946 shares were traded during the day as compared to 830,931,008 shares the previous […]
Ahsan proposes GSP-Plus, 5Es framework alignment for economic growth By: APP on November 21, 2024Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Wednesday proposed a multi-pronged strategy, aligning the GSP-Plus programme with the 5Es framework to get export-led economic growth secure a prosperous future for Pakistan. “The GSP-plus programme represents more than just trade preferences. It is a roadmap for sustainable development and good governance. By […]
Gold prices increase further by Rs.800 per tola By: APP on November 21, 2024The price of 24 karat per tola gold increased further by Rs.800 and was sold at Rs.274,300 on Wednesday against its sale at Rs. 273,500, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also went up by Rs.686 to Rs.235,168 from Rs. 234,482 whereas that of 10 gram […]
Rupee sheds 9 paisa against dollar By: APP on November 21, 2024The Pakistani rupee on Wednesday depreciated 09 paisa against the US dollar in the interbank trading and closed at Rs 278.04 against the previous day’s closing of Rs 277.95. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.60 and […]
POL imports up by 1.68% to $5.11 bln in 4 months By: APP on November 21, 2024The petroleum group imports increased by 1.68 percent during the first four months of the current fiscal year as compared to the imports of the same months of last year, the Pakistan Bureau of Statistics (PBS) reported. The imports of overall petroleum group during July-October (2024-25) stood at $5,113.616 million as against the imports of […]
500 tons of Pakistan-grown chili to reach Shandong for deep processing By: Agencies on November 21, 2024The first batch of 500 tons of Pakistani chilies is scheduled to be harvested by the end of November as part of the Pakistan-China Center project within the Shanghai Cooperation Organization (SCO) Demonstration Zone. “These chilies will be distributed throughout China, including provinces like Guizhou, Yunnan, Sichuan, Chongqing, Hunan, and Hubei,” said Liu Jing, business […]