Aurangzeb meets representatives of United States Int’l DFC
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with representatives of the U.S. International Development Finance Corporation in Washington, D.C. During the meeting, the Finance Minister sought expedited support for priority private sector-led projects in the energy, information technology, infrastructure, minerals, and food and agriculture sectors. He noted that…
S&P Global upgrades Pakistan’s long-term instruments credit rating
A US-based international credit rating agency, Standard and Poor’s (S&P) Global, has upgraded Pakistan’s long-term instruments credit rating to ‘B’ from ‘B Minus’. The rating is upgraded due to stronger institutional capacity, sustained implementation of IMF-backed reforms, improved fiscal performance, and a significant rebuilding of foreign exchange reserves. Last time, Pakistan…
Pakistan, Canada sign protocol on import of canola
Deputy Prime Minister Ishaq Dar and Canada’s Minister of Foreign Affairs Anita Anand have signed the Protocol on the Phytosanitary Import Requirements for Genetically Modified Canola Intended for Food, Feed and Processing from Canada to Pakistan. The signing ceremony, held in Islamabad today, was witnessed by Prime Minister Shehbaz Sharif. The…
Pakistan, Canada vow to expanding trade relations
Pakistan and Canada have expressed the commitment to expanding trade and investment relations through a new Foreign Investment Promotion and Protection agreement. This came at delegation level talks between the two countries at the foreign office in Islamabad today. Deputy Prime Minister Ishaq Dar represented Pakistan while the Canadian delegation by…
Green Pakistan Initiative helping bring barren land under cultivation
Green Pakistan Initiative (GPI) is helping bring barren land under cultivation, providing guidance to farmers and promoting agricultural development. According to Owner of Mehnat Kash Naujawan Farm Asim Awan about eighty percent of the completely barren land allocated to him two years ago has now been brought under cultivation, where wheat,…
Daily petroleum pricing to promote competition: Ali
Minister for Petroleum Ali Pervaiz Malik has said the daily pricing mechanism for petroleum products represents a fundamental shift towards a competitive, market-driven economy by ending dependence on the weekly price announcement cycle and mandatory government approval. He was talking to key petroleum sector stakeholders on the government’s transition from weekly…
