Advancing Economic Growth
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Pakistan is preparing a National Fisheries and Aquaculture Policy aimed at unlocking up to $10 billion in economic potential, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhary said on Thursday, August 20, as the government moves to strengthen the country’s blue economy. Fisheries Sector Targeted for Expansion The minister made the announcement while chairing a meeting [...]
Buying interest returned to the Pakistan Stock Exchange (PSX) on Thursday, August 20, with the benchmark KSE-100 Index gaining more than 900 points in early trading as investors accumulated shares across major sectors following the previous session’s sharp decline. KSE-100 Rebounds in Early Trading At around 9:50am, the KSE-100 was trading at 177,771.47 points, up [...]
By: Izmi Herlani Some acts of courage are measured in battles won, while others are remembered for a single, defining decision. For Pakistan Air Force pilot officer Rashid Minhas Shaheed, that moment came on August 20, 1971, when the young aviator confronted an attempted defection inside the cockpit of a T-33 jet trainer and refused [...]
Pakistan and South Korea have moved closer to a Comprehensive Economic Partnership Agreement (CEPA) after completing the first round of negotiations, with Commerce Minister Jam Kamal Khan saying the second round is expected soon. The proposed pact is aimed at expanding trade, investment and market access between the two countries. First Negotiation Round Completed Jam [...]
ISLAMABAD (PEN) : H.E. Syed Muhammad Nehal Hashmi, Governor of Sindh Province, today visited the Rwanda High Commission in Islamabad, where he was received by H.E. Fatou Harerimana, High Commissioner of the Republic of Rwanda to the Islamic Republic of Pakistan. The visit was undertaken on a reciprocal basis following H.E. Fatou Harerimana’s visit to [...]
The United States national debt has crossed the $40 trillion mark for the first time, according to US Treasury data released Wednesday, August 19, highlighting the rapid expansion of federal borrowing under both President Donald Trump and former President Joe Biden. The debt has more than doubled since Trump first took office in 2017. Debt [...]
A magnitude 5.9 earthquake struck Indonesia’s Flores region on Thursday, August 20, according to the European-Mediterranean Seismological Centre (EMSC), with the shallow tremor recorded at a depth of about 10 kilometres. The quake struck as the region continues to recover from a deadly earlier earthquake. Shallow Earthquake Hits Flores The EMSC said the latest earthquake [...]
US President Donald Trump has warned that countries providing financial, commercial or institutional support to Iran will face what he described as “tremendous economic consequences,” escalating Washington’s pressure campaign against Tehran as efforts to resolve the conflict remain stalled. Trump Announces Wider Economic Pressure Trump said in a social media post that Washington would pursue [...]
Global bond markets steadied on Thursday, August 20, after the US Treasury moved to contain a sharp sell-off by doubling planned buybacks of longer-dated government debt. The intervention eased pressure on US yields, weakened the dollar and helped revive appetite for equities across major Asian markets. Treasury Steps In as Bond Rout Eases The US [...]
Gold prices hovered near a more than two-month high on Thursday, August 20, as lower US Treasury yields and a softer dollar strengthened demand for the non-yielding metal. Spot gold reached $4,525.79 per ounce, its highest level since June 2, before easing to $4,512.19. Treasury Move Lifts Gold Gold’s latest advance followed an unexpected US [...]
