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Pakistan, Bahrain agree on joint investment in industrial sector

Posted by - July 29, 2021

MANAMA: Pakistan and Bahrain have agreed to invest jointly in the industrial sector and hold expert-level meetings of the joint working groups in agriculture, trade and investment, labour and manpower, oil and gas and IT sectors. A statement issued after the conclusion of the second meeting of the Bahrain-Pakistan Joint Ministerial Commission (JMC) said both

Pakistan among world’s highest rate of malnutrition countries: minister

Posted by - July 29, 2021

ISLAMABAD: Pakistan is a lower-middle-income country with the fifth largest population in the world and unfortunately, it is among those countries, which have the highest rate of malnutrition in women and children, a senior government official said. Addressing the UN Food System Pre-Summit via a video link, Federal Minister for National Food Security and Research

Emirates, Etihad Extend Flight Suspension Till August 7 From Pakistan

Posted by - July 29, 2021

Etihad Airways and Emirates Airlines have suspended the international flights from Pakistan, India and Bangladesh to the UAE till further notice amidst the rising COVID-19 pandemic. The suspension on incoming scheduled passenger flights from India, Pakistan, Bangladesh and Sri Lanka to the UAE has been extended until at least August 7, Dubai’s flagship airline Emirates

Pakistan equity market remains bearish on global cues

Posted by - July 29, 2021

KARACHI: In line with the selloff in global equity markets, the local bourse witnessed profit-taking, as Covid cases keep on increasing, leading to more stringent lockdowns, dealers said on Wednesday. An analyst at Pearl Securities said the market witnessed a bearish session and closed in the red zone due to the substantial rise in the

Murabaha: UAE banks raise $350 million for Pakistan

Posted by - July 28, 2021

DUBAI: The Ajman Bank and the Commercial Bank of Dubai have raised $350 million (Dh1.28 billion) in Murabaha syndicated financing for the government of Pakistan, Khaleej Times reported on Wednesday. The two UAE banks acted as mandated lead arrangers and book-runners for the facility on behalf of Pakistan’s Ministry of Finance. The Shariah-compliant Ajman Bank also acted

Pakistan to start exporting mobile phones from next year: adviser

Posted by - July 28, 2021

ISLAMABAD: Pakistan will start exporting mobile phones from next year, a senior government official said. Adviser to the Prime Minister on Commerce and Industry Abdul Razak Dawood said this in a meeting of the Senate Standing Committee on Commerce held at the Parliament House on Tuesday. The adviser apprised the meeting, chaired by the Committee

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