Bilateral trade between Iran and Pakistan has surged to $1.128 billion in the first five months of 2024, reflecting a robust 10% growth compared to the same period last year.…
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Business
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Business
ADB Commits $2 Billion Annual Aid to Pakistan for Infrastructure and Climate Resilience
by Haktaurusby HaktaurusThe Asian Development Bank (ADB) has announced that it will provide $2 billion annually to Pakistan over the next three years to support infrastructure development and climate-resilient initiatives. This commitment…
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Traders are facing significant challenges in importing onions, raising alarms over potential price hikes and shortages in the market. Logistical issues and import restrictions have disrupted the supply chain, leading…
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Pakistan’s rice exports have achieved an unprecedented milestone, reaching $3.89 billion during the fiscal year 2023-24. This significant rise is attributed to favorable weather conditions and the availability of crucial…
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Business
Chinese Companies to Set Up Textile Raw Material Plants in Pakistan
by Haktaurusby HaktaurusTwo major Chinese companies have announced plans to establish plants in Pakistan, focusing on producing raw materials for the textile industry, with support from the Special Investment Facilitation Council (SIFC).…
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Business
ADB Assures Pakistan of $2 Billion Annually in New Loans Amid Economic Struggles
by Haktaurusby HaktaurusIslamabad: The Asian Development Bank (ADB) has committed to providing Pakistan with $2 billion annually in new loans, as the country grapples with securing cheaper credit due to its deteriorating…
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Suzuki is delighted to announce that the popular Suzuki GD 110S is now available on an interest-free installment plan, making motorcycle ownership more accessible than ever in Pakistan. With this…
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Business
Saudi Arabia Offers 15% Investment in Pakistan’s Reko Diq Project
by Haktaurusby HaktaurusSaudi Arabia has extended an offer to acquire a 15% stake in Pakistan’s Reko Diq gold and copper project, accompanied by grants aimed at enhancing road infrastructure surrounding the site.…
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September 14, 2024 In a significant development in Pakistan’s commodities market, gold prices have surged to a new all-time high, reaching Rs266,300 per tola. This unprecedented increase reflects a growing…
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Business
SBP Addresses Misinterpretation of Art Competition Results for New Banknote Series
by Haktaurusby HaktaurusThe State Bank of Pakistan (SBP) has issued a clarification regarding the recent art competition for the new banknote series, addressing misconceptions about the results and their implications. In a…
