Tag Archives: Economy

Pakistan, World Bank sign loan agreements worth $918 million

Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh witnessed the signing of the agreement between Country Director World Bank Patchamuthu Illangovan and Economic Affairs Division Secretary Noor Ahmed.

World Bank and Pakistan sign 3 loan agreements worth $918 million for development sectors The World Bank and Pakistan on Tuesday signed three loan agreements worth a total of $918 million providing capital for development across various sectors as part of the government’s plan to steer the nation out of the economic crisis. Adviser to the Prime Minister on Finance, ... Read More »

US-Turkey relations enter crisis mode as Trump doubles tariffs

US Turkey

Donald Trump doubles Turkey tariffs ‘against World Trade Organisation rules’ as lira falls by 20% US President Donald Trump imposed higher tariffs on metal imports from Turkey, sending the country’s lira currency to a new record low. Trump doubled the U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. Due to this harsh move, the Turkish ... Read More »

Pakistan to exercise all options to maintain sovereignty, says PM Abbasi

Pakistan to exercise all options to maintain sovereignty, says PM Abbasi

Pakistan won’t initiate nuclear arms race and the nuclear weapons are only for defensive purposes Pakistan’s Prime Minister Shahid Khaqan Abbas during his meetings at World Economic Forum said that we would exercise all options to retain its sovereignty. PM Khaqan Abbasi told that Pakistan faces serious challenges from its two neighbours, particularly India that has aggressive designs in the ... Read More »

Alibaba officials visit Pakistan to explore entry into local e-commerce industry

Chinese e-commerce giant Alibaba expresses interest in investing in Pakistan A delegation of the global technology giant, Ali Baba, is currently visiting Pakistan to discuss plans for investment in Pakistan’s e-commerce sector. Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and ... Read More »

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