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Author: WebDesk
Net FDI (foreign direct investment) inflow numbers are clear indicators of a stable environment for investors. High FDI inflows suggest that existing investors are satisfied and that the country’s business policies are favorable, thereby attracting more investment. Conversely, low FDI inflows indicate a challenging business environment and policies that do not inspire investor confidence. The 2023 net FDI inflows of 10 African countries surpass those of Pakistan. These include Egypt (USD 9.841 billion), South Africa (USD 5.233 billion), Ethiopia (USD 3.263 billion), Uganda (USD 2.886 billion), Senegal (USD 2.641 billion), Mozambique (USD 2.509 billion), Namibia (USD 2.345 billion), Nigeria (USD…
Must-Have Shoes to Enhance Your Style in 2024 Fashion trends evolve constantly, and staying ahead of the curve can make a significant difference in your wardrobe. Shoes, being an essential part of any outfit, are no exception. As we step into 2024, it’s time to explore the most exciting shoe trends that promise to dominate this year’s fashion scene. Chunky Sneakers – Creating a Bold Statement Chunky platform sneakers continue to dominate the fashion scene in 2024. These shoes are more than just a means to add height; they epitomize the perfect blend of comfort and style. With their exaggerated…
Exclusive Story: Staff from Bloom Pakistan. Islamabad, June 26, 2024: Parkview City’s site office in Islamabad was stormed by hundreds of people who had bought plots in the Overseas block and Golf Estate, on Monday, June 3rd. They were infuriated over delayed possession exceeded 2 years now. Their frustration fuelled by a contemptuous notification issued from the management that linked possession of their plots to the construction of houses. The notification reads, “We are extremely humbled and happy to announce the possession of members who want to construct their house in Overseas block, subject to terms and conditions. The letters…
Speakers at a seminar in Islamabad emphasized the urgency of preventing climate disasters akin to the devastating events of 2022, which claimed the lives of around 2,000 people, injured thousands, and caused an estimated $30 billion in economic losses. The seminar, titled “Disaster Resilient Pakistan” and organized by the National Disaster Management Authority (NDMA), highlighted the need for a comprehensive action plan to address these challenges. Prime Minister’s Coordinator on Climate Change, Romina Khurshid Alam, highlighted the government’s efforts to mitigate the impacts of climate change, including policy measures aimed at overcoming significant economic losses. She stressed the adverse effects…
Expected government actions include passing on the benefits of reduced international prices to consumers, potentially lowering petrol and high-speed diesel (HSD) rates. In the upcoming fortnightly price review on June 15, petrol is projected to decrease by around Rs9 per litre and HSD by Rs5 per litre. International market fluctuations have led to a decline of approximately $3.75 per barrel for petrol and $2.7 per barrel for HSD in the last two weeks. This follows previous reductions of about $12 and $8 per barrel for petrol and HSD, respectively, over the past fortnights. Despite slight changes in import premiums and…
Zong 4G, Pakistan’s leading telecommunications company, presents budget-friendly International Roaming Bundles for travelers heading to Saudi Arabia during this sacred month, ensuring seamless connectivity with loved ones while performing Hajj. As the sole provider in Pakistan offering meticulously crafted international roaming plans, Zong addresses modern connectivity challenges faced by travelers by introducing tailored roaming bundles that prioritize affordability and accessibility. Zong users can now enjoy 1GB for 1200 PKR + Tax.
In the new federal budget 2024-25, the government has proposed an 18 percent sales tax on milk and fat-filled milk, which are presently zero-rated. The proposal also includes taxing infant milk items not exceeding Rs. 600 per 200g at the same rate. If approved, these taxes are expected to generate approximately Rs. 95 billion in revenue, with Rs. 75 billion from standard milk and Rs. 20 billion from infant milk. Finance Minister Muhammad Aurangzeb, speaking at a post-budget briefing, stated that the middle class should not face significant difficulties in paying the 18 percent sales tax on milk products. The…
In Washington, Masood Khan, Pakistan’s Ambassador to the United States, advocated for increased American investment in Pakistan and enhanced trade between the two nations to bolster their relationship. Speaking at the World Affairs Council in Philadelphia, he encouraged US businesses to expand their investment ventures, particularly in sectors like technology startups, renewable energy, agriculture, and extractive industries. Addressing a diverse audience including scholars, policymakers, legislators, entrepreneurs, business leaders, and professionals, Ambassador Masood Khan highlighted Pakistan’s significance as a substantial market for American manufacturers, with a potential consumer base of 240 million people. In his discourse, Ambassador Khan delved into various…
Today marks the beginning of the first phase of Hajj rituals in Makkah, as pilgrims prepare to depart for Mina. The majority of the estimated 1.5 million pilgrims from various corners of the globe have already arrived in Saudi Arabia for this sacred journey. Among them, approximately 160,000 are Pakistani pilgrims, while an additional 400,000 are local pilgrims. Pilgrims worldwide are poised to embark on their journey to Mina today, with many having already been transported by buses, while the departure arrangements for others are ongoing.