Category Archives: General

Japan extends grant assistance worth 318 mln JPY to Pakistan

Japan has extended grant assistance worth 318 million Japanese Yen to Pakistan for The Project for Human Resource Development Scholarship for fiscal year 2020. The Exchange of Notes and Record of Discussions for the grant were signed by Secretary Economic

FPCCI welcomes GoPb advice to federal govt to reopen restaurants, marriage halls

The Federation of Pakistan Chambers of Commerce and Industry has welcomed the Punjab government advice to the federal government to reopen restaurants, marriage halls, cinemas and other sectors. In a statement issued in Islamabad today, FPCCI President Mian Anjum Nisar,

Decline in Remittances Will Affect Businesses & Households in Pakistan: IMF

The decline in remittances for economies such as Pakistan where remittance inflows represent more than 5% of GDP will imply significant hardship for many households and small businesses as their domestic economies are hit by the synchronized nature of the

World Bank Appoints Najy Benhassine as Pakistan’s Country Director

Najy Benhassine has been appointed as the World Bank’s new Country Director for Pakistan, effective August 1. He succeeds Mr. Illango Patchamuthu, who completed his term on July 31. Mr. Benhassine most recently served as Regional Director for Equitable Growth,

RCCI organizing country’s first Virtual Expo next month: Saboor Malik

A delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) led by its President Saboor Malik met Punjab Minister for Industries and Commerce Mian Aslam Iqbal in Lahore. They discussed smart lockdown and issued being faced by the industry during

USA, China, UK top three destinations of Pakistani exports during FY 2019-20

The United States of America (USA) remained the top export destinations of the Pakistani products during the fiscal year (2019-20), followed by China and United Kingdom (UK). The total exports to the USA during July-June (2019-20) were recorded at US

ECC allows import of 300,000 tonnes of sugar

Economic Coordination Committee (ECC) of the Cabinet has allowed import of up to 300,000 metric tonnes of white sugar to maintain buffer stocks in the country. The permission was given at the ECC meeting in Islamabad with Adviser on Finance

COVID-19 causes severe disruptions in global economic system: Khusro

Federal Minister for Economic Affairs Makhdum Khusro Bakhtiar says the COVID-19 pandemic has caused severe disruptions in the global economic system, stress on the health infrastructure and social distress. Addressing the annual meeting of Asian Infrastructure Investment Bank through a