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The UAE has agreed to extend the tenure of its $2 billion in deposits with the State Bank of Pakistan (SBP) for an additional year, a move beneficial for Pakistan’s economy. These deposits, each worth $1 billion and set to mature in January 2024, will now continue to support Pakistan’s financial stability. In a pertinent […]

ISLAMABAD – In a significant upsurge of corporate activity, the Securities and Exchange Commission of Pakistan (SECP) reported the registration of 2,095 new companies in December 2023, elevating the total corporate entities in the country to a tally of 209,604. The fresh capital inflow from these registrations amounted to a substantial Rs. 2.6 billion. The

The Punjab Mass Transit Authority (PMA) has secured financial support for the Rawalpindi Development Authority (RDA) to initiate essential repair work on the metro bus infrastructure. An allocation of Rs. 720 million is reserved to refurbish the elevated road stretching from Saddar to Faiazabad. This venture is imperative for maintaining the operation of the pivotal

The Capital Development Authority (CDA) has announced plans to construct two new electric bus depots in Islamabad, a move that comes behind schedule and is vital for housing and servicing the fleet of electric buses recently imported from China. Upon the arrival of the first 30 electric buses (a segment of a larger 160-bus order),

For the third consecutive year, Dubai has made history as the only city to clinch the No.1 spot in the esteemed Tripadvisor Travellers’ Choice Best of the Best Destinations Awards. Receiving the highest honor based on comprehensive feedback and ratings from millions of travelers worldwide, Dubai stands out as the ultimate best destination for a

The industrial sector set a promising tone for the fiscal year 2023-24, registering a laudable 2.48% growth in the first quarter, outperforming the previous year’s mark. A closer look at the economic figures for 2024 unveils the diverse sectors propelling this upturn, with mining and quarrying at the forefront, achieving a commendable 2.15% increase in

KARACHI: Leading real estate mogul, Syed Afzal Hameed of Shangrila City, has called on the government to reinitiate house financing schemes in partnership with commercial banks to support the public in acquiring and creating homes, thereby revitalizing economic processes nationwide. This appeal was made at an esteemed gathering of developers and during the inauguration of

Fourteen years ago, the Burj Khalifa in Dubai ascended to fame as the world’s tallest building at a staggering 828 meters. However, its reign as the record-holder may be challenged soon, with speculation that a new structure could eclipse it. The skyscraper, situated at the core of an expansive mixed-use complex, symbolized Dubai’s shift from

Rawalpindi Division Commissioner Liaquat Ali Chatha confirmed on Monday (January 8, 2024) that the Rawalpindi Ring Road project is on schedule for timely completion. During his inspection at the Ring Road Project Camp Office, Chatha was briefed on the latest developments and subsequently evaluated construction segments stretching from Khasala Khurd to Thalian Interchange. Commissioner Chatha

Lahore: Punjab’s Caretaker Chief Minister Mohsin Naqvi recently conducted a comprehensive review of the Ring Road Southern Loop 3 project. Situated on Maraka Multan Road, this essential 8-kilometer-long infrastructure development underwent meticulous inspection by the CM who issued critical guidelines to accelerate its completion. During his visit, CM Naqvi expressed his confidence that the successful