international Archives

Pakistan repay $1 billion international Sukuk bonds

8Dec

By Muhammad Dastageer ShamsNo Comments

Business

Pakistan repay $1 billion international Sukuk bonds

The State Bank of Pakistan (SBP) announced that it would repay $1 billion in international Sukuk (Islamic bonds) on December 2. The State Bank made the announcement on Friday. The Pakistan bank is all set to repay the international amount three days before the due date of maturity. Although the state bank had already paid $1.8 billion in full for the current month alone against foreign obligations. SBP Governor Jameel Ahmed briefed a few analysts after the Monetary Policy announcement. He said that the nation has been making regular payments to foreign creditors. Moreover, he said that he is confident that there would be no obstacles to the repayment of the nation's foreign debt. An attendee senior analyst said that the earlier payment may be in the processing for clearance of the ...

11th IDEAS 2022 held at Karachi Expo Centre

16Nov

By Muhammad Dastageer Shams1 Comment

Pakistan

11th IDEAS 2022 held at Karachi Expo Centre

The 11th Edition of IDEAS 2022 is holding at Karachi Expo Centre where major players showcase the most recent technological developments. These developments are related to the defense industry. Foreign Minister Bilawal Bhutto Zardari inaugurated the exhibition's 11th edition, which runs through Friday. The previous edition of the international defence exhibition was in 2018. The participants display the most innovative defense technology in the world at the event. There are many business-to-business and government interactions and networking opportunities. At the inauguration ceremony, Bilawal Bhutto Zardari addressed the audience. In his speech, Bilawal welcomed everyone to the special edition of innovation and excellence. He also claimed that Pakistan was on the verge of default. Th...

Government asked for donation to help flood victims

31Aug

By Muhammad Dastageer ShamsNo Comments

Latest

Government asked for donation to help flood victims

Various parts of Pakistan devastated by the unprecedented rains and floods. There have been huge losses of life, property, infrastructure, livestock, and livelihoods in Pakistan, so the government has declared a state of emergency. More than 33 million people affected by floods with the loss of 1000 lives. Pakistan's national and civil organizations, as well as humanitarian organizations, have stepped up to help flood victims. Donors for flood victims To accept donations and contributions from both home and abroad, the Government of Pakistan has established the Prime Minister's Flood Relief Fund 2022. For the collection of donations/contributions by Overseas Pakistanis, the State Bank of Pakistan has developed the following guidelines for commercial and micro-finance banks. Overs...

Australia Cricket Team back to Pakistan after 24 years

3Mar

By Aqsa Azam1 Comment

Sports

Australia Cricket Team back to Pakistan after 24 years

Australia Cricket team players are excited to play a full-fledged tour with Pakistan Cricket Team; including Test series, ODIs and T20; On their way to redeeming history. Australia Cricket showed up for its first visit to Pakistan in 24 years on Sunday. They are prestigious guests because they will conduct a full tour during their six-week visit. ACB and PCB have called the Test Series Trophy as Benaud-Qadir Trophy. It is named after the retired players Richie Benaud and Abdul Qadir. Australian Cricket players are thrilled to visit Pakistan and enjoy its hospitality. Historic Victory of Lahore Qalandars In 7th edition of HBL-PSL Australia’s last tour to Pakistan back in 1998 Australia last visited Pakistan in 1998 when it won the Test series 1-0. In limited over series t...