Saturday, February 11th, 2023
Kazakhstan for signing Transit Trade Agreement, MoU between Central Banks
DNA KARACHI: The Ambassador of Kazakhstan Yerzhan Kistafin has said that Kazakhstan intends to sign a Transit Trade Agreement with Pakistan which was very important as it would provide a legal framework to the businesspeople of both countries for developing trade ties. “We are also planning to sign an agreement between the State Bank of Pakistan and National Bank of Kazakhstan to develop legal framework for cooperation in the banking sector.” “We are further planning to arrange visit of President of Kazakhstan to Pakistan this year and we will beRead More
Mob lynches alleged blasphemer in Nankana Sahib; PM orders probe
ISLAMABAD, FEB 11: In a ghastly incident in Punjab’s Nankana Sahib, a violent mob Saturday burned a man to death after dragging him outside of a police station on allegations of blasphemy. As the mob was lynching the man — who was put behind bars for alleged blasphemy — Station House Officer (SHO) Warburton Feroze Bhatti and other police personnel escaped the scene, trying to save their own lives. Residents of the area claimed that the man — who had returned after spending two years in jail — used toRead More
India could be this decade’s China
This could be India’s decade if it plays its cards right. The subcontinental state is poised to be the next China, even if its path will likely be less straightforward than that of China and more of a Leninist two steps forward, one step backwards. Leaving aside the multiple domestic issues India will have to address to realise its full potential, it is already, in the words of an Indian analyst, in a “geopolitical sweet spot.” Recently concluded defence and technology agreements with the United States constitute a milestone. The agreements acknowledgeRead More
PIAF rejects jump in power, gas tariffs
ISLAMABAD, FEB 11 /DNA/ – Strongly rejecting the significant jump in electricity prices up to Rs15 per unit for exporters and farmers and hike in gas tariffs by Rs110 per mmbtu to meet the IMF ninth review prior condition to put additional burden of over Rs240 billion the Pakistan Industrial & Traders Associations Front has said that the high cost of doing business has proved to be dangerous for Pakistan’s industry. PIAF Chairman Faheem ur Rehman Saigol observed that it is unfortunate that the government has approved the passing ofRead More
Minibudget to unleash new wave of inflation, making exports uncompetitive: APBF
DNA ISLAMABAD: The All Pakistan Business Forum, flaying the huge jump in electricity as well as gas prices to meet the IMF condition, has said the minibudget would unleash a new wave of high inflation, further increasing the cost of doing business, making Pakistani exports uncompetitive in the international markets. APBF President Syed Maaz Mahmood said that the already decline of 34 rupees in the value of local currency against dollar and 35 rupees hike in the prices of petroleum would create a ripple effect as it would badly squeezeRead More
ICCI discusses building Expo Centre and Hospital in Gulberg Green
ISLAMABAD, FEB 11 /DNA/ – Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation visited IB Employees Cooperative Housing Society (Gulberg Green) Islamabad and exchanged views on matters of mutual interest with Tariq Mehmood President, Bilal Riaz Burki Joint Secretary and other Office Bearers of the Society. Ahsan Zafar Bakhtawari said that Pakistan is currently facing a foreign exchange crisis due to which the economy is confronted with great challenges and added that the best solution to get out of the current crisis is toRead More