In finance, we will cover activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Basically, everything that has to do with Pakistan’s economy, financing needs, finance news, and a lot more.
According to a senior official of Gwadar Port Authority (GPA), the Gawadar Free Zone Phase I has been completed and functional, whereas Phase II is underway. This will help to generate revenue of $10 billion yearly through the economic activities in Gawadar Port.
The highlights of the meeting included potential trading opportunities, the issues of regional and global impacts, and the chances of promoting bilateral trade in various fields between the two countries.
One of the largest copper and gold mines in the world is in Chaghi District, Balochistan. “It is part of the Tethyan Magmatic Arc, extending through central and southeast Europe (Hungary, Romania, Bulgaria, Greece) Turkey, Iran, and Pakistan through the Himalayan region into Myanmar, Malaysia, Indonesia, and Papua New Guinea.” They are remnants of one of many eroded volcanic centers in the Chagai volcanic chain of mountains, which runs in an east-west line across Balochistan between the Quetta-Taftan Line railway and the border with Afghanistan.
The Fintech industries deal with technology related to finances. Since the term itself is quite broad, it will help to give you an example. Consider this. Every time you draw cash from an ATM, used an Easypaisa service to send money to your family, or transfer money through your HBL app, then you are also utilizing the services of the Fintech industry.
The Saudi Ambassador, Nawaf bin Said Al-Malki, met the Board of Investment leadership. They discussed trade potential between the countries and tap opportunities, which could enhance bilateral relations.
A meeting under the Pakistan-United States Trade and Investment Framework Agreement (TIFA) was held in Islamabad. The Assistant United States Trade Representative (AUSTR) for South and Central Asia, Christopher Wilson visited on this eve. Federal Secretary of Commerce, Muhammad Sualeh Ahmad Faruqui thanked him for visiting. They agreed to ‘reinvigorate and revitalize trade and business relationships to enhance bilateral trade and investment.’
Pakistan and Uzbekistan enjoy warm brotherly relations with each other. Both the countries have always aimed to cooperate and coordinate in economic, social, and cultural sectors.
The prices had gone by Rs. 6 per litre which has caused discomfort amongst the public. PM in his national address, announced that ‘his government would cut petrol and diesel prices by Rs. 10 per liter and electricity prices by Rs. 5 per unit. He also promised that there would be no further increase in the prices until the 2023-2024 budget.
The Ministry of Science and Technology has surprised us with interesting news that the official partner for the Future Fest 2022 is Binance, which is the world’s largest crypto exchange program.
Pakistan is trying to expand its wings diplomatically to strengthen the ties across the region. Gulf states have been of utmost importance. Pakistan has cordial relationships with all of them. Recently a seminar at Islamabad Policy Research Institute (IPRI), was held to review the Pak-Gulf Relations.
Imran Khan’s efforts have borne fruit and the plans for Digital Pakistan have reached a significant mark. The proof of this achievement is the recent visit of Bill Gates to Pakistan today, on 17th February 2022. He has recently arrived in Islamabad and landed at Nur Khan airbase where government officials received him.
PM launched Raast, which is the country’s first digital transaction system. This is going to help low-cost digital retail payments and money transfers. Well, this is amazing as the local small businesses will have access to a common man without a hassle.