Following the refusal of other players, Saudi Arabia’s Al-Rajhi Bank is now the only foreign bank currently confirming letters of credit (LCs) for Pakistani crude oil imports. Foreign banks have been unwilling to confirm letters of credit for crude oil imports for several months due to ...

ISLAMABAD – A Saudi tech company has announced launching a Saudi-Pakistan Tech House in Islamabad tomorrow (Monday). The Saudi tech company, owned by Prince Fahad bin Mansour Al-Saud, aimed to forge partnerships with information technology (IT) companies and enterprises in the South Asian ...

On Thursday, an auto parts manufacturer Agriauto Industries Limited informed the Pakistan Stock Exchange (PSX) that it would partially close its plant in March. The official notice cited reduced production volumes of its major customers, which include car assemblers, bike makers, and ...

Inflation in Pakistan is set to break the almost 50-year record of 29.3 percent witnessed in April 1975. Ismail Iqbal Securities link has put the estimate for February 2023 inflation at 29.6 percent but said that this is not likely to be the peak as most of the impact of recent sharp currency ...

As the death toll of Italy migrant boat crash climbed up to 62, senior Pakistani embassy officials in Italy met with 16 Pakistani survivors. Pakistani survivors said 20 Pakistanis in total were on the ship and four remained missing. Majority of the victims are feared to be Pakistanis. Italian ...

The Ministry of Foreign Affairs (MoFA) on Tuesday said that initial reports suggested that four Pakistanis had died when the boat capsized near Ben Ghazi, Libya. In a tweet, the ministry said that the Pakistani Embassy in the Libyan capital Tripoli was ‘facilitating the process of ...

An Indian army officer was arrested on Sunday in connection with the alleged murder of a woman in Assam’s Tezpur. Lieutenant Colonel Amarinder Singh Walia has been serving as the defence PRO of the Indian Army’s 4 Corps, police said. The army officer was detained by the police with help ...

ISLAMABAD – A contingent of the Pakistan Air Force (PAF) participated in Exercise Spears of Victory 2023 that concluded at Air War Centre Dhahran (King Abdulaziz Air Base) in the Kingdom of Saudi Arabia. The PAF contingent consisted of pride of Pakistan, JF-17 Thunder, and F-16 aircraft, which ...

Bulgarian Ambassador to Pakistan Irena Gancheva has praised the natural beauty of Pakistan and said that the country has a great deal of potential for tourism while stressing that Bulgaria wants to strengthen its trade relations with Pakistan. In an exclusive interview with 24NewsHD TV, the ...

ISLAMABAD, Feb 09 (APP): Prime Minister Shehbaz Sharif on Thursday directed the authorities concerned to make all out efforts to achieve Rs 30 billion loan target under Prime Minister Youth Loan Scheme by end of June this year. The prime minister who chaired a review meeting on the PM Youth ...