Friday, January 28th, 2022
Senate passes SBP bill amid opposition protest
ISLAMABAD: The Senate on Friday approved the State Bank of Pakistan (SBP) Amendment Bill, 2021, amid strong protest from the opposition benches. The bill was passed by the upper house with the treasury benches enjoying a slight lead of 43 members over the opposition’s 42. The bill was presented by Finance Minister Senator Shaukat Tarin. The passage of the bill is one of the conditions set by the International Monetary Fund (IMF) for the release of $1 billion to the country. The IMF board meeting is scheduled for January 28Read More
IBPC plans to organize Pakistan’s single country exhibition in UK
Islamabad, JAN 28 /DNA/ – A delegation of International Business & Professional Corporation (IBPC) of UK led by Choudhry Rizwan Sulehria Founding Chairman visited Islamabad Chamber of Commerce & Industry (ICCI) and discussed options with Muhammad Shakeel Munir, President ICCI to organize a single country exhibition of Pakistan in UK to promote Pakistan’s trade and exports in UK market. Amir Mushtaq Khan Senior Vice Chairman, Asim Yousaf Secretary General, Manzoor Hussain, Yawar Faheem, Muhammad Iqbal, Sheikh Sohail, Naseem Mir and others were in the delegation. Jamshaid Akhtar Sheikh Senior ViceRead More
Fatima Jinnah Varsity, THSI sign MoU
DNA ISLAMABAD: The Human Security Institute (THSI) and Fatima Jinnah Women University (FJWU) signed MoU on Friday. The purpose of cooperation between THSI and FJWU is to improve the scientific and academic level of the two institutes and to promote mutual cooperation between two institutes, which concerns the interaction and research in the different fields of Human Security and related issues. The ceremony was attended by Worthy Vice Chancellor, and faculty/staff members of FJWU and team members of THSI.
Govt to approach Supreme Court on Ravi Urban project: PM
SHEIKHUPURA, JAN 28: Prime Minister Imran Khan on Friday said the government would invoke the jurisdiction of the Supreme Court after the High Court nullified the Ravi Urban Development Project. Speaking to media during his visit to Rakh Jhok forest, the prime minister said this time, the case would be presented in a better manner to apprise the Honourable Court about the significance of the project in view of urban development and civic facilities. The prime minister said there was a misconception about the Ravi Urban project that it wasRead More
Spain economy grows by 5% in 2021: statistics institute
Madrid, Jan 28: Spain’s economy grew by 5.0 percent in 2021, showing a remarkable bounceback from a year earlier but below the government’s target, an initial estimate by the National Statistics Institute (INE) showed Friday. The government had expected gross domestic product (GDP) to rise by 6.5 percent in 2021 after a year in which it contracted by nearly 11 percent in one of the worst results of the eurozone. Such a forecast was considered unrealistic by economists. However the INE estimate outdid the expectations of the Bank of SpainRead More
Replicating China’s development model for socio-economic uplift
Abdul Rashid Shakir A paradigm shift in the economic outlook from consumption to manufacturing is a key to poverty alleviation, economic prosperity and improvement in human development indicators like quality education, good healthcare and a higher level of per capita GDP. China, with a population of 1.4 Billion, is the only country in the world that alleviated its 800 Million people from poverty just within four decades. This remarkable journey started in 1979 with the reforms like trade liberalisation, free-market economy and opening up of Chinese economy to the restRead More