Sunday, May 15th, 2022
Foreign exchange reserves dipped by $6b in two months: Asad Umar
ISLAMABAD, Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar has said that since no-confidence motion the foreign exchange reservesof the State Bank of Pakistan have dipped by more than $6b. Asad Umar has cautioned that the situation of Pakistan is only weeks away from the Sri Lankan economic situation lamenting that Prime Minister Shehbaz Sharif lacks courage to take any decision. The former minister was addressing a presser alongwith PTI leaders in Islamabad on Sunday. Lashing out at the clumpy handling of the economic condition by the new government, Umar rued thatRead More
Imran Khan felicitates new UAE President
ISLAMABAD, Pakistan Tehreek-i-Insaf (PTI) Chairman ImranKhan on Sunday felicitated Sheikh Mohammed bin Zayed al Nahyan for beingelected President of the United Arab Emirates (UAE), following the saddemise of Sheikh Khalifa bin Zayed Al Nahyan. Taking to Twitter, the former prime minister said that he extends hiswarm felicitations to Sheikh Mohammed bin Zayed al Nahyan upon beingelected President of UAE. “It is his vision that is already transforming UAE into a leadingeconomic [and] political player on the global stage,” he said and addedthat as the prime minister, he saw first-hand hisRead More
Flamboyant Australia cricketer Andrew Symonds dies in car crash
Sydney, May 15: Australian cricket was reeling Sunday after swashbuckling former all-rounder Andrew Symonds was killed in a car crash — another tragic blow after the recent deaths of fellow greats Shane Warne and Rod Marsh. The 46-year-old, who played 26 Tests and 198 one-day internationals from 1998 to 2009, was involved in a single-car accident outside Townsville in Queensland state on Saturday night. Police said emergency services attempted to revive him, but he died from his injuries after the car left the road and rolled. Pictures published by theRead More
PBF proposes agriculture measures to CM Punjab to revive agro economy
Lahore, MAY 15 /DNA/ – Pakistan Businesses Forum (PBF) said Pakistan’s agriculture sector plays a central role in the economy absorbing 42.3 percent of the labour force and to revive agro economy we need to provide tangible solutions. Briefing to media, The PBF Vice President, Ahmad Jawad said by eliminating hunger and malnutrition through agriculture growth and diversification we could act as a catalyst towards attaining food security. We will also be able to build a vibrant farmer community through mobilization of maximum capacity of the Agriculture Department and the achievementRead More
PIAF wants exports on sustainable growth as trade deficit keeps widening
ISLAMABAD, MAY 15 /DNA/ – The Pakistan Industrial and Traders Associations Front on Sunday called for controlling trade deficit which has widened by almost 65 percent to $39.290 billion in July-April 2021-22, stressing the need for putting the economy on a balanced and sustainable growth trajectory, addressing the underlying structural vulnerabilities. PIAF senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi stressed the need for building on gains on the ease of doing business front, which requires not just the capacity development in key public institutions, but also aRead More
Pakistan’s footwear exports witnessed an increase of 21.16 pc
ISLAMABAD, May 15 (DNA): Pakistan’s footwear exports witnessed an increase of 21.16 pc during the first ten months of financial year (2021-22) as compared with the exports of the corresponding period of last year, Gwadar Pro reported on Sunday. “Since 2018, the output value of Pakistan’s footwear industry has developed rapidly and the export momentum keeps going. To seize this golden opportunity, more investment is required to flow into shoe factories to increase capacity and contribute to the country’s exports,” said Pakistan Footwear Manufacturers Association (PFMA) Chairman Zahid Hussain. PakistanRead More