Skip to main content

Pakistan Celebrates National Day in UAE with Diplomatic Reception

  The Embassy of Pakistan in the United Arab Emirates (UAE) hosted a grand reception today to commemorate Pakistan's National Day, attended by members of the diplomatic corps, senior UAE government officials, Emirati nationals, and the Pakistani community. His Excellency Sheikh Nahayan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, graced the occasion as the Chief Guest, alongside Minister of State for Foreign Affairs, His Excellency Ahmed bin Ali Al Sayegh. The event featured traditional performances, including the national anthems of Pakistan and the UAE played on traditional instruments. The Pakistani flag was prominently displayed on the hotel building, visible across Abu Dhabi, symbolizing the strong ties between the two nations . In his address, Ambassador Faisal Niaz Tirmizi reflected on the significance of the Pakistan Resolution and the challenges faced by the nascent state in its journey toward socio-economic development. He highlighted various opportuni...
Post a Comment

IMF Board Approves Pakistan’s First Review, Allows Immediate Disbursement Of $700m


Also read :Malala Yousafzai Calls for Ceasefire, Advocating for the Children of Palestine and Israel
 
Also read :Decades of Conflict: The Israeli-Palestinian Struggle for Peace

Also read :Escalating Violence in Gaza: A Grim Day of Tragedy and Tensions

The International Monetary Fund (IMF) has finished reviewing Pakistan’s economic reform program and approved the release of $700 million. This brings the total disbursed under the $3 billion Stand-By Arrangement (SBA) to $1.9 billion. 

Also read :Afghan Taliban Urges Pakistan to Revisit Afghan Refugee Policy Amid Expulsion Deadline

The funding is expected to stabilize the Pakistani rupee and help in managing external debt. The program, set to conclude in April, aims to support Pakistan’s economic stabilization. 

Despite high inflation, Pakistan is likely to enter a new agreement with the IMF for continued support, highlighting the country’s historical reliance on IMF assistance with 24 arrangements since 1950.

Labels:

Comments

Post a Comment

Popular posts from this blog

Palestine Cola’s demand surges amid Israel’s war on Gaza

  A Palestinian-Swedish drinks maker has seen its alternative to Coca-Cola and Pepsi take off massively as consumers boycott the US brands over perceived ties to Israel, UAE media reported on Monday. Palestine Drinks said that it is struggling to meet the soaring demand, with some eateries in Europe opting to exclude the American-owned market leaders. Within just under two months, sales have skyrocketed to approximately four million cans. The three entrepreneurs from Malmo with Palestinian roots, Hussein, Mohammed, and Ahmad Hassoun took the initiative six months ago to create an alternative to popular soft drink brands like Pepsi and Coca-Cola. The brand they established has rapidly accumulated millions of engagements on social media and has captured the attention of companies globally, eager to distribute their cola product
Post a Comment
Read more

How much consumers likely to face per unit hike in basic tariff?

  Power consumers likely to receive another ‘shock’ as the National Electric Power Regulatory Authority (NEPRA) is set to take up CPPA’s plea seeking a hike of Rs5 per unit in the base tariff Preparations are underway to impose an additional burden of over Rs 310 billion on electricity consumers. As per details, the electric power regulator will decide on the Central Power Purchasing Agency (CPPA) plea tomorrow, which is seeking a hike in the base tariff for the FY2024–25. CPPA has presented seven scenarios for power purchase prices, with an estimated range of Rs 25.03 to Rs 27.11 per unit. A report by the power division indicated that the circular debt was Rs 2,310 billion as of June 2023, marking an increase of Rs 325 billion over the following seven months up to January 2024. These developments signal continued financial strain on electricity consumers and highlight ongoing challenges within Pakistan’s power sector.
Post a Comment
Read more

All Eyes on Rafah': The meaning behind the post going viral on Instagram

  The viral spread of the "All Eyes on Rafah" message on social media has shone a necessary light on concerning developments in the besieged Strip.  Created by a user in Malaysia, the simple yet powerful post featuring tents arranged in a cry for attention has resonated widely, with over 35 million shares on Instagram alone.  This massive grassroots response indicates a strong desire among netizens to comprehend why Rafah has emerged as a focal point. The city in Gaza finds itself in a precarious situation, with lives continually at risk. By drawing global eyes to recent strikes and the dire humanitarian conditions faced by civilians, the post aims to hold accountable those inflicting harm while also advocating for impacted communities.  As wit
Post a Comment
Read more