Every Pakistani Should Celebrate Iqbal Day
Allama Iqbal does not require any introduction. Every year on 9 November, Iqbal day is celebrated in Pakistan. Allama Iqbal played a significant role in the struggle for a separate homeland for Pakistanis.
Economy
Pakistan’s low-cost airline Fly Jinnah inaugurated
The airline will conduct flight operations in Karachi, Islamabad, Lahore and Peshawar on a daily basis, while four flights will be operated between Karachi and Quetta in a week. The ticket prices for flights start from Rs13,999, and the passengers will be allowed to carry luggage up to 10kg.
One Billion Dollars in Saudi Investments for Pakistan
Saudi state TV reported that the Saudi government was planning to invest $1 billion in Pakistan.
Pakistan will receive an IMF tranche within six days of board approval, according to SBP
Pakistan will receive the $1.17 billion tranche from the International Monetary Fund (IMF) in six days following approval from the Executive Board, which is scheduled to meet on August 29, according to SBP Acting Governor Murtaza Syed.
Qatar will provide $2 billion in bilateral assistance to Pakistan
Qatar is expected to provide $2 billion in bilateral assistance to Pakistan to help cushion its financial crisis and the risk of default.
Pakistan can benefit from Norwegian expertise in the automobile and other industries
Per Albert Ilsaas, the Norwegian Ambassador to Pakistan, stated that Norway has advanced expertise in the automobile, information technology, and renewable energy sectors. Pakistan’s private sector can form joint ventures with Norwegian counterparts in these specific sectors.
Pakistan has signed three Memorandums of Understanding with Iran
On the second day of the 21st Session of the Joint Economic Commission (JEC) between the two countries, Pakistan signed three Memoranda of Understanding (MoUs) with Iran in the fields of maritime, museum, and information broadcasting.
The Co-Founder of Spades, a payments solution based in the UAE, warns startups against “aggressive customer acquisition”
Adnan Haque, co-founder of a contactless payments solution used in 200 restaurants in the UAE, believes that startups that add value to a consumer’s life will last in Pakistan, and he advocates against aggressive customer acquisition. His remarks come at a difficult time for Pakistan’s startup community.
“Bad Days Ahead,” Pakistan’s Finance Minister warns
According to Pakistan’s Finance Minister, the government led by Prime Minister Shehbaz Sharif is suffering as a result of the economic policies implemented by the former Pakistan Tehreek-e-Insaf regime led by ousted Prime Minister Imran Khan.
The Rupee maintained its winning trend versus the US dollar, closing at 213.90
The Pakistani rupee resumed its winning streak against the US dollar today, closing at 213.90 in the interbank market, amid increased confidence regarding the restoration of a halted International Monetary Fund (IMF) rescue package later this month.