The State Bank of Pakistan (SBP) is highly expected to maintain the benchmark interest rate at 21% through its monetary policy statement (MPS) to be announced today (Monday). The Monetary Policy Committee — which is empowered to take a decision keeping in view the macroeconomic fundamentals — is highly likely to maintain the interest rate despite the fact that …
Islamabad, June 12 (INP): Arab Chinese Business Conference is a testament to the enduring commitment between Saudi Arabia and China to foster robust economic ties. It offers businesses and investors a platform to establish partnerships, explore growth avenues, and leverage each other’s strengths, according to a report published by Gwadar Pro on Monday. Saudi Arabia hosted the much-anticipated 10th session of …
LAHORE: Days after officially forming a political party, Istehktam-e-Pakistan Party (IPP), president Jahangir Tareen left for the United Kingdon on Sunday amid speculations that he will hold meetings with Pakistan Muslim League-Nawaz (PML-N) leaders. According to sources, the party chief is expected to stay in the UK for over a week, during which he will hold meetings with the overseas …
ISLAMABAD, June 12 (EW): The first cargo of discounted Russian crude oil arranged under a new deal between Islamabad and Moscow arrived in Karachi on Sunday, opening a new chapter of cooperative trade relations between the two countries. The shipment had left Russia over a month ago and reached Pakistan via Oman. The discharge of the oil would begin …
KARACHI, June 12 (EW): The cyclone “Biparjoy” getting much intensity may hit Pakistani shores by June 15, authorities said on Sunday. High tides may hit Keti Bandar port on June 15. The cyclone is hardly 690 kilometers away from Karachi in South, 670km from Thatta in South and 720km away from Ormara in South East. The authorities have repeatedly …
Islamabad, June 11 (INP): The Built and Road Initiative (BRI) has entered into its tenth year and has become an important engine of development and regional connectivity around the world especially in African continent. More than 150 countries have joined the BRI which is good omen for immense socio-economic integration, infrastructure development and regional connectivity, according to a report …
SHENZHEN, June 10 (INP): The dazzle of Made-in-Pakistan handicrafts – including wood carving, bronze carving, carpets – won the hearts of visitors by its beautiful and artsy look and the deeply rooted tradition behind it at the 19th China (Shenzhen) International Cultural Industries Fair (ICIF) this week. Kicked off in Shenzhen, Guangdong, China on June 7, the 5-day national-level …
ISLAMABAD, Jun.10 (INP): Pakistan’s new Federal budget 2023-24 has allocated about Rs. 5 billion in the total cost of New Gwadar International Airport (NGIA). With the allocation, NGIA’s total cost will be increased from Rs. 55.4 billion to Rs 60.208 billion. Ministry of planning has already approved the Rs. 5 billion in the meeting of Central Development Working Committee (CDWP), high-powered government …
ISLAMABAD Jun.10 (INP): Gwadar Port Authority (GPA) has finalized plan to supply 20 MW to energize Gwadar Port, Gwadar Free Zone South and Gwadar Free Zone North. Around Rs 727.738 million has been earmarked under public sector development program (PSDP) in Federal Budget 2023-24 presented by Finance Minister Ishaq Dar on June 09. Quetta Electric Supply Company (QUESCO) has …
Islamabad, June. 9 (INP): A Chinese-Urdu calligraphy competition was held to promotes Sino-Pak cultural exchanges. It was arranged by the Karachi branch of the Industrial and Commercial Bank of China (ICBC) to celebrate the 72nd anniversary of China-Pakistan diplomatic relations. According to Gwadar Pro, it was aimed promoting friendship and harmony among its staff members, they organized a Chinese-Urdu calligraphy …