Day: February 10, 2025

Islamabad: Pakistan’s economy has seen remarkable improvement, signaling the country’s move toward economic stability. Government policies and positive ratings from international agencies indicate a positive shift, leading to increased foreign investment and a stabilized stock market.

According to Radio Pakistan, in a statement, President of the Federation of Pakistan Chambers of Commerce and Industry, Atif Akram Sheikh, said all indicators are positive. The economy is stable, investment is flowing in, and the stock exchange is at its peak. He mentioned that interest rates have significantly decreased and expressed optimism that the rate would continue to drop.

CEO of the Overseas Investors Chamber of Commerce and Industry, Abdul Aleem, highlighted that foreign exchange reserves have increased to twelve billion dollars. He noted that the State Bank has cleared all dividends and remittances that were previously stuck for foreign investors.

These developments suggest a promising future for Pakistan’s economy, attracting more foreign investments and improving the overall business environment in the country.

Islamabad: Advisor to Finance Minister Khurram Schehzad has announced that remittances from Pakistani workers saw a significant surge of twenty-five percent in January this year, reaching a total of three billion dollars. This increase indicates a robust trend in the flow of funds from overseas Pakistani workers, which plays a crucial role in bolstering the country’s economy.

According to Radio Pakistan, Khurram Schehzad shared these insights on the social media platform X today. He highlighted that the cumulative workers’ remittances from July 2024 to January 2025 experienced a notable growth of thirty-two percent, amounting to twenty point eight billion dollars. This upward trajectory in remittances reflects positively on the financial support provided by the Pakistani diaspora to their home country.

Khurram Schehzad expressed optimism that if this trend continues, the full-year remittances are expected to exceed a record mark of thirty-five billion dollars. Such an achievement would provide substantial support to Pakistan’s external financial position, enhancing its economic stability and resilience.

Riyadh: Minister of State for Information Technology and Telecommunication Shaza Fatima Khawaja has announced that Pakistan and Saudi Arabia are expanding their digital and economic partnership, with the aim of fostering innovation and investment in key technology sectors. Speaking at the LEAP 2025 technology event in Riyadh, she underscored Pakistan’s dedication to leveraging technology for economic growth.

According to Radio Pakistan, the minister highlighted that Pakistan’s IT exports have surged by 28%, reaching $1.86 billion, which underscores the sector’s robust expansion. She also described the Digital Nation Act 2025 as a transformative initiative poised to reshape Pakistan’s digital economy.

Shaza Fatima Khawaja revealed that Islamabad is set to host the Digital Foreign Direct Investment Forum, which will invite global investors to explore Pakistan’s expanding digital landscape. She emphasized Pakistan’s desire for a strong tech partnership under Saudi Vision 2030, urging Saudi investors to explore opportunities in fintech, cybersecurity, and cloud computing.

Islamabad: Pakistan and Turkiye have agreed to further strengthen bilateral cooperation in areas such as countering the financing of terrorism, preventing the use of the Internet for terrorist purposes, and preventing radicalization. This understanding was reached during the second round of Pakistan-Turkiye Counter Terrorism Consultations, held in Islamabad.

According to Radio Pakistan, the Pakistani delegation was led by Director General for Counter Terrorism, Ministry of Foreign Affairs, Abdul Hameed, while the Turkish side was headed by Director General for Intelligence and Security, Ministry of Foreign Affairs of Turkiye, Ambassador Kenan Yilmaz. Both sides reviewed the global and regional terrorism landscape and exchanged views on threats posed by terrorist entities in the region and beyond.

They shared their best practices and reviewed the ongoing Pakistan-Turkiye cooperation in the field of counter-terrorism. It was highlighted that the international community needs to address the root causes of terrorism by resolving long protracted conflicts. The two sides also vowed to continue the ongoing collaboration and mutual learning from each other’s experiences.

The next round of the consultations will take place in Ankara on mutually convenient dates.

Islamabad: World Pulses Day was observed on Monday. This year, the theme of the day is ‘Pulses: Bringing diversity to agrifood systems’.

According to Radio Pakistan, pulses have been considered vital to sustainable agriculture and nutrition for centuries. This observance aims to emphasize the importance of pulses in enhancing the diversity and sustainability of global agrifood systems.

Islamabad: Acting President Syed Yousaf Raza Gilani has summoned the session of the Senate on Thursday. The session will be held at the Parliament House in Islamabad at four in the afternoon.

According to Radio Pakistan, this upcoming session is expected to address key legislative matters. The agenda for the session is yet to be disclosed, but it is anticipated that the Senate will deliberate on several important issues affecting the country.