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Tag: Pakistan

  • AVALON – The Most Tech-Enable Real Estate Project In Islamabad

    AVALON – The Most Tech-Enable Real Estate Project In Islamabad

    ISLAMABAD: With so many real estate projects in Pakistan on the rise, it’s close to impossible to find the most futuristic & tech-enabled, sustainable, and state-of-the-art project that’s worth investing without breaking the bank while also being trust-worthy.

    Having said that, we’ve recently spotted a project that’s taking Islamabad by storm. Their streamers and outdoor billboard are literally everywhere we go.

    Avolon hoarding

    We did a little digging and found out about this real estate giant, namely AVALON City. The masterplan is in development as Pakistan’s first technological city. This is a state-of-the-art infrastructure designed and idealised as the Future of Real State in Pakistan. Embracing their tagline, they truly want you to ‘Envision Your Lifestyle’.

    We found out this project sits at an ideal location of Chakri Road, adjacent to M2 Motorway, ensuring a convenient residence and commercial success for its residents and investors. Have you ever thought about having Smart Homes, Wi-Fi trees, 3D and Virtual Theatres, Electric Bikes, Automated Traffic Control? Well, AVALON City has got it all.

    We know what you’re thinking. With all these offerings, they must be expensive as anything but after doing a thorough price comparison, we found out that their prices are very affordable compared to other projects in the vicinity.

    The hashtag #AvalonCityIslamabad was trending on social media for the past couple of days.

    Don’t believe us? Well, Netizens on social media are going nuts about this.

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    Some people are comparing it to Saudi Arabia’s The Line project.

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    While others are just excited that something progressive is coming to Pakistan.

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    If you’re interested in investing or just getting to know about them, we recommend getting in touch with them directly @ [email protected], +92 (51) 6120517 or www.theavaloncity.com

  • Miftah presents key points for Pakistan growth

    Miftah presents key points for Pakistan growth

    ISLAMABAD: Dr. Miftah Ismail, minister for finance and revenue, has presented four points for taking Pakistan on path of growth and prosperity.

    The Finance Minister Dr. Miftah Ismail alongwith the Federal Minister for Climate Change Sherry Rehman attended the 5th edition titled “Imagineering The Future” as chief guest. The Finance Minister unveiled 4 point agenda to put Pakistan on path of prosperity.

    The Summit is jointly hosted by Nutshell Group and Martin Dow, in strategic partnership with Overseas Investors Chamber of Commerce & Industry (OICCI).

    Miftah Ismail stated: “The government is considering to promote exports of the country at an aggressive level through an incentive of significant tax waiver to companies which could enhance their exports by 10 per cent of its productions.’’

    He said that the government will provide full support to companies having plans for exporting their products to different countries because it is a daunting task that must be taken as a challenge.

    Various business groups in Pakistan are performing outstandingly and contributing to the national economy through taxes and different ways but they spend $200 million on imports every year which needs to be addressed by enhancing our exports.

    He further said, ‘’If you make something, sell it abroad, if you build, go construct abroad, if you offer a service, offer it abroad. The nation should set the direction to the promotion of exports.’’

    Businesses in Pakistan should think beyond the local market to explore foreign markets to enhance their exports through aggressive value-addition.

    Containing the expenses in imports can stabilize the budget deficit including the trade deficit and current account deficit in tandem.

    The government may not enhance the export overnight but it did control imports of non-essential goods which impacted inflows of foreign exchange to the tune of $700-800 million in the interbank market in the last few months while the country also paid its scheduled debt-servicing in the first week of August.

    Federal Minister for Climate Change Senator Sherry Rahman spoke about the urgency of required action to combat climate change.

    She said climate change is a matter of national security which have affected adversely food and energy security, supply chain, infrastructure, and precious lives of the citizens across the country.

    One-fifth of Pakistan is submerged at present due to heavy monsoon rains which have wreaked havoc on the infrastructure in many parts of the country especially Balochistan and Sindh.

    Pakistan is at the front of climate change and we would like all corporates to interweave sustainability goals in their mission statements.

    She said that greenwashing has to end and genuine efforts have to be made. She also mentioned that they are trying to move the markers for 2050 down to 2030 as climate change is accelerating and our pace needs to match it.

  • Businessmen express shock over petroleum price hike in Pakistan

    Businessmen express shock over petroleum price hike in Pakistan

    KARACHI: Businessmen have expresses shock over hike in petroleum prices in Pakistan despite massive reduction in oil prices in international market. 

    The businessmen are in shock and expressed their serious concern over the hike in petroleum products in Pakistan despite the fact that crude oil prices have plunged to below $90 a barrel while the rupee has jumped by around Rs30 versus dollar during the last fortnight, said a statement issued on Wednesday.

    READ MORE: Miftah defends petrol price hike in Pakistan from August 16, 2022

    The chairman of Businessmen Panel (BMP) and former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar reiterated his demand of passing on relief of cut in oil prices in the global market to the industry, besides bringing key policy rate to a regionally competitive level.

    On Monday night, the federal government announced a hike of Rs6.72 per litre in the price of petrol for the remaining days of August 2022, according to a notification issued by the Ministry of Finance.

    He voiced his concern over the increase in fuel prices despite downward trend in international market. The present government came into power to give relief to the masses, which should be its top priority, as the hike in petroleum prices will trigger inflation in the country.

    READ MORE: New petroleum prices in Pakistan from August 16, 2022

    He said that it was beyond comprehension that why prices were raised despite a reduction in oil prices at the international level, adding that the government should have mercy on poor masses and give them some relief.

    Mian Anjum said when Russia invaded Ukraine last spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and transportation into the stratosphere and bring the global economy to its knees.

    Now oil prices are lower than they were when the war began, having dropped more than 30 percent in barely two months. The news of a slowing Chinese economy and a cut in Chinese interest rates sent prices down further, to less than $90 a barrel for the American benchmark.

    Gasoline prices have fallen every day over the last nine weeks, to an average of less than $4 nationwide, and prices of jet fuel and diesel are easing as well. That should translate eventually to lower prices for things so that cost of production could come down to a regionally competitive level.

    READ MORE: New petroleum prices in Pakistan from August 1, 2022

    Moreover, a large number of fuel stations remained closed nationwide despite no strike or shortage of petroleum products in the country. He said that oil marketing companies (OMCs) and petroleum dealers have allegedly created an artificial fuel crisis as the coalition government increased petrol prices by Rs6.72 per litre.

    Recent practices suggest they usually stop supplies of petrol and diesel to end-consumers for a couple of hours to make additional profit. However, this time around the suspension lasted for almost an entire day. Many petrol pumps had gone dry by Monday evening and new supplies came on Tuesday afternoon.

    Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president demanded the government to reduce petroleum prices without any delay.

    He demanded that the government should slash the prices of the petroleum products immediately as the international oil prices have substantively come down; and, the benefit needs to be shifted to the masses.

    He noted with a sigh of relief that oil prices are now under $90 per barrel. The move will bring down the inflation in a much more effective and tangible manner than raising the interest rate to a 14-year high of 15 percent, he added.

    Mian Anjum emphasized that the full force of the multiplier effect of the raise of the petroleum products has not yet materialized in Pakistan and inflation will keep rising in coming weeks if the relief from international market is not shifted to the end consumer.

    READ MORE: New petroleum prices in Pakistan from July 15, 2022

    FPCCI former chief explained that global macroeconomic sentiments are not optimistic and growth forecasts have been significantly lowered to the tune of being recessionary; and, the phenomenon may drive the international oil prices even lower than $90 per barrel in coming weeks. However, he maintained, we have to tread a cautious path and gradually but progressively lower the domestic petroleum prices.

    The BMP Chairman called for the prudent and diligent regulation of the markets to allow the country to benefit from the downward trends in international oil prices, edible oils and initial signs of receding supply constraints in some other commodities.

    He said that our industry already facing cut-throat competition in both national and international markets, as the industry was directly hit by the fluctuation of oil prices, which also directly increase inflation, he said. Its negative impact can be witnessed in the hike of cargo freight charges, which adds cost to the industrial production at all stages, he said.

  • Australia wishes Pakistan Independence Day

    Australia wishes Pakistan Independence Day

    KARACHI: The Australian High Commissioner to Pakistan, Neil Hawkins wished Pakistan on its 75th Independence Day.

    In his message, he said that, “Happy Birthday Pakistan. Just 75 years young and much to be proud of and much to celebrate: Your ethnic diversity, rich cultural heritage, fabulous food and spectacular scenery. But the most striking element for me is the warm and welcoming people – always ready with a smile and a salaam aleikum.”

    READ MORE: Faysal Bank celebrates 75th Pakistan Independence Day

    Australia was one of the first countries to recognise Pakistan in 1947, though our people to people ties go back to the 1800s.

    Camel traders from Balochistan were critical in transporting goods across our deserts. Today almost 100,000 Pakistanis call Australia home and make a critical contribution to our multicultural society. 

    We are also proud to host thousands of Pakistani students enjoying our great cities and world class universities.

    READ MORE: Pakistan unveils first locally made electric car

    Looking ahead, Pakistan and Australia both face challenges that require us and all nations to cooperate, particularly that of climate change.

    Australian expertise in science and technology, especially water management and agricultural research will play a key role.

    And who can overlook our common passion for cricket where we look forward to hosting the T20 later this year and Pakistan’s women’s XI early 2023.

    READ MORE: Pakistan issues Rs75 banknote to celebrate Independence Day

    We were heartened by the typically warm reception given to our cricket team during its Pakistan tour earlier this year. 

    Finally, we sincerely wish all our Pakistani brothers and sisters increased prosperity and harmony in order to fulfil the vision of the Quaid-i-Azam.

    He also said that, “my message to you all is of hope, courage and confidence. Let us mobilise all our resources in a systematic and organised way and tackle the grave issues that confront us with the grim determination and discipline worthy of a great nation.”

    READ MORE: Donald Blome visits Karachi to support US-Pakistan trade ties

  • Faysal Bank celebrates 75th Pakistan Independence Day

    Faysal Bank celebrates 75th Pakistan Independence Day

    KARACHI: Faysal Bank Limited (FBL) celebrated Pakistan’s 75th Independence Day by organizing flag hoisting ceremony on Sunday.

    The heartwarming ceremony took place on the bank’s iconic branch located at Abdullah Haroon Road.

    The celebrations of the 75th anniversary required a platinum edge, therefore FBL decided to showcase Pakistan’s inclusivity by inviting the Special Olympic athletes to grace the occasion.

    READ MORE: Pakistan unveils first locally made electric car

    Athletes from Pakistan chapter of Special Olympics were invited to join FBL in this grand celebration of Pakistan’s Independence Day.

    FBL is enthusiastic to have these special champions shine with equal resonance.  The reverberation of their achievements becomes equally treasurable.

    Sports in Pakistan may have carried a national Flag, but their emotional impact far outweighs any other effect.

    READ MORE: Pakistan issues Rs75 banknote to celebrate Independence Day

    40 members of the athletic team joined the FBL families on Sunday morning to be part of flag hoisting ceremony along with cake cutting ceremony and Prizes were also distributed among special athletes to recognize their efforts in the field of sports despite having challenges. Each person held on to a mini flag to flutter and add cheer to an already vibrant environment.

    The President and CEO of FBL said, “Faysal Islami strongly believes in inclusion from all segments of the society.”

    READ MORE: Donald Blome visits Karachi to support US-Pakistan trade ties

    He also added that, “on this special day of 75th year of our independence it is important to remember that we have to work towards the shining Pakistan, FBL plays its role by providing economic opportunities in a Shariah Compliant manner.’’

    He further elaborated on the importance for society to endorse this need for inclusion and allow youth to aim for their dreams irrespective of their challenges.

    READ MORE: Pakistan Met office issues thundershower alert from August 14

  • Pakistan unveils first locally made electric car

    Pakistan unveils first locally made electric car

    ISLAMABAD: Pakistan unveiled its first ever electric hatchback car on Sunday, August 14, 2022. The car has been named Nur-E-75 (named after Noor).

    The company which manufactured the car is named as JaXari (named after a scientist from the 12th century, Ismael al-Jazari).

    READ MORE: Donald Blome visits Karachi to support US-Pakistan trade ties

    The car has been designed and developed by DICE foundation, which is U.S. based non-profit organization controlled by Pakistani expatriates. The local academia and the industries also contributed in the car manufacturing process.

    The car was unveiled in the ceremony started at 4:00 pm on August 14, 2022. The car was displayed in all its glory featuring awesome designs and functions.

    READ MORE: Pakistan Met office issues thundershower alert from August 14

    The car has capacity of five people, having five doors. The power peak is 107 horse power (80 kilo watt). The peak torque is 200Nm. The battery can work till the car covers the distance of 210 kilometer with the air conditioner on. However the actual range is still pending to be tested.

    The battery size is 35KwHr. The size of wheel is R16 205/55. The car is fully charged in seven-eight hours from regular 220V outlet, when charging slowly. On the other hand the car is fully charged in two hours from fast DC chargers when charging fast. The time for fast charging still needs to be premeasured.

    READ MORE: Jazz announces free calls to calamity hit Balochistan

    The Nur-E is just a concept car which is an initiative taken by Pakistani automotive industry. DICE Foundation is planning to secure investments to commercially produce this car, which may take up to three years.

  • Donald Blome visits Karachi to support US-Pakistan trade ties

    Donald Blome visits Karachi to support US-Pakistan trade ties

    KARACHI: The U.S. Ambassador Donald Blome visited Karachi on Saturday to support the US-Pakistan trade ties and further strengthen the economic partnership and bilateral trade.

    During the visit, U.S. Ambassador met with the Federal Minister for Maritime Affairs, the Chief Ministers of Balochistan and Sindh, the Administrator of Karachi, the Commander of Pakistan Navy Pakistan Fleet (COMPAK), government officials, financial and business leaders, trade and energy executives, and other business and commercial representatives.

    Donald Blome said that, “I am glad to be back in Karachi, a financial and commercial hub with tremendous energy.”

    He added that, “this year marks the 75th anniversary of U.S.-Pakistan bilateral relations and I look forward to strengthening U.S.-Pakistan partnerships in trade, investment, clean energy, health, security, education, and other mutually beneficial priority areas.”

    READ MORE: US calls for strengthening bilateral trade with Pakistan

    Ambassador Blome visited Port Qasim and met with Federal Minister for Maritime Affairs Faisal Subzwari.  The Ambassador expressed interest in how the United States can work with Pakistan to develop more linkages with U.S. port and maritime institutions.

    In the Ambassador’s meetings with Balochistan Chief Minister Abdul Quddus Bizenjo and Sindh Chief Minister Murad Ali Shah, he discussed political, economic, and security matters, as well as the ongoing relief efforts to address the tragic impact of the recent floods in both provinces.

    In his meeting with Sindh Chief Minister Shah, Ambassador Blome announced the United States is providing a new $1 million grant to build the resilience of agricultural communities in Sindh Province, and support Pakistan’s disaster management authorities in Sindh, Khyber Pakhtunkhwa, and Gilgit-Baltistan provinces, to better respond to future disasters.

    Ambassador Blome and Karachi Administrator Murtaza Wahab discussed the impact of flooding and other challenges in the city, as well as opportunities for growth including in the information technology sector.

    READ MORE: US Treasury sanctions virtual currency mixer Tornado Cash

    During the Ambassador’s meeting with COMPAK Vice Admiral Ovais Bilgrami, he further discussed relief efforts in flood-stricken areas and affirmed the importance of the U.S.-Pakistan military relationship and the desire to strengthen and expand our ongoing security cooperation.

    Ambassador Blome met with CEO of Cargill Pakistan Imran Nasrullah. The Ambassador also toured Excelerate’s floating storage and regasification unit at Port Qasim to emphasize our mutual interest in seeing Engro and Excelerate’s LNG joint venture succeed in Pakistan.

    He met other U.S and Pakistani business leaders to show his commitment to promoting U.S. business and investment in Pakistan through a wide range of effective services, products, and programs.

    The U.S. government is dedicated to expanding the ties between the Pakistani and American people to promote a more stable, secure, and prosperous future for both our nations.  Bilateral trade reached nearly $9 billion in 2021.

    READ MORE: Toyota Motors suspends production at Tsutsumi plant

    The United States is Pakistan’s largest single country export market and one of the largest sources of foreign investment, with U.S. direct investment growing by 50 percent in the past year.

    U.S. companies and their local affiliates are among Pakistan’s largest employers, with roughly 80 U.S. companies directly employing more than 125,000 Pakistanis, and more than one million Pakistanis employed indirectly. In 2021, U.S. firms invested up to $5.7 million in corporate social responsibility initiatives in Pakistan.

    One of the highlights of Ambassador Blome’s time in Karachi was a visit to the Lincoln Corner Karachi at Liaquat Memorial Library where he inaugurated the StartUp Lab! along with Minister of Sindh for Education, Culture, Tourism, Antiquities and Archives, Syed Sardar Ali Shah.

    “The StartUp Lab! is unique and a one-of-a-kind space in Pakistan where aspiring entrepreneurs with an idea for a startup business can turn ideas into reality using the latest technology and equipment for free,” noted Ambassador Blome.

    READ MORE: Xiaomi further improves rank to 266 in Fortune Global 500 list

    Ambassador Blome said, “The people-to-people ties between the United States and Pakistan are among our greatest strengths.  We are proud to partner with the Culture Department of Sindh to ensure young Pakistanis are prepared to face 21st century challenges.”

    The Lincoln Corner Karachi is one of 18 in the U.S. Mission to Pakistan’s network of American Spaces nationwide that offer free educational and cultural programs, as well as technology and information resources, to young Pakistani leaders.

    Ambassador Blome also visited Frere Hall in Karachi to appreciate its architecture and murals.  There, he was given a tour by representatives of NGO Sindh Exploration and Adventure Society (SEAS), Dr. Asma Ibrahim and Dr. Kaleemullah Lashari.

    SEAS received in 2021 a grant from the U.S. Ambassadors Fund for Cultural Preservation (AFCP) to renovate portions of Frere Hall.  This AFCP project further demonstrates our respect for Pakistan’s rich cultural heritage.

    In celebration of Pakistan’s National Minority Day, the Ambassador was honored to meet religious minority community leaders in Karachi to promote interfaith cooperation, religious tolerance, and diversity.

    He also visited the Mausoleum of the founder of Pakistan Quaid-e-Azam Muhammad Ali Jinnah and laid a wreath in honor of the founding father of Pakistan, ahead of Pakistan’s 75th Independence Day.

    Ambassador Blome said that, “It is a great honor to be here at the Mazar-e-Quaid to pay my respects and commemorate the legacy of Muhammad Ali Jinnah.  The United States shares Quaid-e-Azam’s vision of a unified Pakistan, at peace with itself and its neighbors, a Pakistan of religious tolerance, economic prosperity, and social inclusion.”

  • Pakistan, Türkiye sign preferential trade agreement

    Pakistan, Türkiye sign preferential trade agreement

    ISLAMABAD: Pakistan and Türkiye Friday signed the Preferential Trade Agreement (PTA) for enhancing trade in goods between the two countries.

    Prime Minister Shehbaz Sharif witnessed the signing of the PTA at a ceremony held at the PM Office, as the visiting Turkish Trade Minister Dr Mehmet Mus and Minister for Commerce Syed Naveed Qamar signed the accord.

    READ MORE: Banks not issuing forms for land trade with Turkey: FPCCI

    Commonly known as Trade in Goods Pact, the PTA includes comprehensive provisions on bilateral safeguards, balance of payment exceptions, dispute settlement, and periodic review of the agreement. Prime Minister in his remarks termed the agreement “a great moment and a milestone” in the brotherly and historic relations between Pakistan and Türkiye. He recalled that following his official visit to Türkiye in May, the untiring efforts of the ministries of both sides resulted in the signing of the agreement.

    READ MORE: Turkey eases COVID restriction for Pak travelers

    He said immense business opportunities existed between the two countries and expressed confidence that the accord would further explore the trade avenues in diverse sectors.

    The prime minister said Pakistan would continue to work with Türkiye on strengthening bilateral ties.

    Trade Minister Dr Mehmet Mus said the occasion marked a significant milestone which would contribute in a long way to further strengthening and expansion of trade ties.

    READ MORE: Ten-day quarantine must for Pakistanis arriving Turkey

    He said meeting expectations of all stakeholders was not easy, however added that dedication and step-by-step measures led to conclusion of the accord.

    He thanked PM Shehbaz Sharif for his leadership to seal the agreement for the betterment of the two countries and enhancing linkages between their business communities.

    The key highlights of the trade concessions offered by both sides under the agreement are as follows: (i) Türkiye had offered concessions to Pakistan on 261 Tariff Lines, which include key items of Pakistan’s export interest to Türkiye from both agriculture and the industrial sectors.

    READ MORE: Pak-Turkey agree to strengthen cooperation

  • Pakistan car sales drop 59% in July 2022

    Pakistan car sales drop 59% in July 2022

    KARACHI: The total sales of car in Pakistan have dropped by 59 per cent Month on Month (MoM) in July 2022.

    The sales are also included non-members of Pakistan Automotive Manufacturers Association (PAMA).

    READ MORE: Pakistan car sales surge 54 per cent in FY22

    Analysts at Topline Securities on Friday said Pakistan car sales (including sales of Non-PAMA members) clocked in at around 14,000 units down 59 per cent MoM primarily due to production issues, higher car prices resulting low purchasing power of consumers, and less working days due to Eid ul Adha holidays in Jul-2022.

    The car sales is also down by 52 per cent Year on Year (YoY).

    READ MORE: Toyota unveils all new Crown for first time

    Indus Motors (INDU) posted decline of 62 per cent MoM to 2,375 units primarily due to non-production days in the month of July 2022. Similarly, Hyundai sales was down by 89 per cent MoM to 201 units from 1,871 units in June 2022.

    Pak Suzuki Motors Company (PSMC) sales was down 58 per cent MoM in July 2022. All variant of company reported decline in the range of 57-95 per cent on MoM basis except for Alto where sales increased to 4,618 units from 1,216 units in June 2022, largely due to low base effect.

    Honda Atlas Car (HCAR) also recorded decline of 35 per cent MoM to 2,537 units in July 2022 led by decline in sales of City & Civic by 30 per cent MoM.

    READ MORE: Honda Motors to start pre-orders of ZR-V SUV by September 2022

    Amongst Tractors, Millat Tractors (MTL) recorded decline of 60 per cent MoM and 65 per cent YoY to 1,011 units . Al Ghazi Tractors (AGTL) recorded sales of 1,243 units, down 48 per cent MoM and 12 per cent YoY.

    Pakistan bike sales were down by 33 per cent MoM and 34 per cent YoY in July 2022. Atlas Honda (ATLH) recorded sales of around 80,000 units down 28 per cent MoM and 20 per cent YoY.

    Trucks & Buses sales were down 22 per cent MoM and 37 per cent YoY to 379 units in July 2022 primarily due to drop in transportation activities amid slowdown in overall economy.

    READ MORE: New tax rates on car registration from July 01, 2022

  • Pakistan welcomes UAE $1 billion investment

    Pakistan welcomes UAE $1 billion investment

    ISLAMABAD: Pakistan has welcomed the announcement of United Arab Emirates (UAE) for investment of $1 billion in various economic and investment sectors.

    Prime Minister Shehbaz Sharif held a telephonic conversation with the President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday.

    READ MORE: Pakistan’s foreign reserves dip to $14.21 billion

    Highlighting the generous support extended by the UAE to Pakistan over the years, the Prime Minister welcomed the recent announcement by the UAE to invest US$ 1 billion in various economic and investment sectors in Pakistan.

    Pakistan and the UAE enjoy close fraternal ties which are rooted firmly in common belief and shared values and culture. The UAE is Pakistan’s largest trading partner in the Middle East and a major source of investments, and hosts more than 1.6 million Pakistanis.

    READ MORE: Pakistan’s trade deficit narrows by 18% in July 2022

    During the telephonic conversation, the two leaders exchanged views on matters of common interest. Reaffirming the close fraternal ties between the two countries, they agreed to work closely to further enhance bilateral cooperation in different fields.

    The Prime Minister offered his condolences on the damage caused by the recent floods in the Emirates, resulting in the loss of precious lives including Pakistani nationals. He also expressed his deepest sympathies with the Emirati brethren.

    READ MORE: Pakistan inflation hits 14-year high at 25% in July

    The UAE President also extended heartfelt commiserations on the loss of precious lives in floods in Pakistan as well as on the sad demise of army personnel in the recent helicopter crash.

    Recalling the decisions taken during the visit of the Prime Minister to the UAE in April 2022, the two leaders reviewed the progress and resolved to further strengthen trade and economic ties, with particular focus on accelerating cooperation and building partnerships in areas comprising investments, energy, and infrastructure.

    READ MORE: Pakistani rupee overshoots temporarily: FinMin, SBP