A worker monitors an automatic copper wire unit at the Fast Cables plant in Lahore, Pakistan. Reuters
The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan on Wednesday to rein in mounting debts and stave off a looming balance of payments crisis, in exchange for tough austerity measures.
The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Dubai: Pakistan Prime Minister Imran Khan’s government presented a Rs6 trillion (Dhs147.72b) federal budget of 2019-20 on Tuesday. A cross-section of Pakistani expats and business heavyweights share their candid views with Gulf Today. Ahmad Shaikhani, Senior Vice President, Pakistan Business Council
"Ads must be constructive rather than destructive," Usman said, adding that Western culture was corrupting Pakistan, pointing to the recent arrival of nudity in films and women marching in favour of abortion in Pakistan earlier this year.
Aramex announced its financial results for the first half ending 30th June 2022. The company reported revenues of Dhs2.97 billion, while the net profit stood at Dhs91.9 million.
The Board of Trustees of the Sharjah Award for Public Finance — the first of its kind in the Arab world has announced the launch of the second cycle of the award,
Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (Dhs4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore