By Dr. Zafar Iqbal On behalf of the people of the government and people of Pakistan, I congratulate the Romanian government and people as they celebrate Great Union Day. As they mark this special day, I wish peace, prosperity, and good health to all the Romanians, living inside Romania or celebrating abroad. I also take this opportunity to reaffirm Pakistan’s desire to deepen our longstanding close and cordial relations with Romania. For Pakistan, Romania has always been a valued and important partner and steadfast friend not only in the bilateral context but both countries have a longstanding history of having similar views on major regional international issues. Pakistan and Romania have enjoyed cordial relations ever since...
December 5, 2021 at 10:14 pm | Economic Affairs
05 December, 2021Islamabad( Press Release) PAF won the 30th Chief of Air Staff Challenge Cup Polo Tournament, which was played at the lush green Islamabad Polo Club. PAF won the final match by defeating PAF Blue with five to four goals. Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, Pakistan Air Force was the Chief Guest on the occasion.The Chief Guest gave away prizes amongst the players and awarded the CAS Challenge Polo Cup to the winning team. The Air Chief congratulated the winners and appreciated the club management for successful conduct of the event in order to promote sports in Pakistan. The chief guest also emphasized upon the significance of sports for mental as well as physical health of the youth. T...
December 5, 2021 at 9:20 pm | Economic Affairs
By Zahoor Ahmed December 6 is the national day of the Republic of Finland. On this day, Finns everywhere fly their blue and white flag and bake delicious cakes with blue and white icing. Traditionally, Finnish families light two candles in each window of their homes to signify offering hospitality to wanderers. National vector fabric wave flags of Finland and Pakistan isolated on white background. 1 to 2 proportion. While Finland has a harsh climate and small population of 5.5 million, the country is one of the most advanced nations in the world primarily on account of its achievements in the fields of education and innovation. Today, it has a highly industrialized, largely free-market economy with one of the highest per ...
December 5, 2021 at 1:31 pm | Economic Affairs
December 3,2021Rawalpindi (ISPR)His Excellency Mr Andrei Metelitsa, Ambassador of Belarus called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) at GHQ, today.During the meeting, matters of mutual interests, potential in defence cooperation, regional security, current situation in Afghanistan & collaboration / partnership in Humanitarian measures were discussed. COAS said that Pakistan values Belarus's role in global and regional affairs and we look forward to enhance our bilateral relationship. COAS also emphasized on the urgency for swiftly devising an institutional mechanism for channeling humanitarian assistance to Afghanistan in order to avert a looming humanitarian catastrophe.The visiting dignitary appreciated Pakistan'...
December 3, 2021 at 6:27 pm | Economic Affairs
December 2,2021Rawalpindi (ISPR)General Qamar Javed Bajwa, Chief of Army Staff (COAS) attended Closing Ceremony of the 41st Pakistan Army Rifle Association (PARA) Central Meet at Jhelum Garrison as Chief Guest. The mega shooting event was conducted at Army Marksmanship Unit from 26 October to 1 December 2021. Over 2500 firers from Army, Navy, Air Force, Civil Armed Forces (CAFs) including Rangers, Frontier Corps and Airport Security Force as well as civilians participated in the competition that comprised numerous events involving different ranges and types of weapons.COAS awarded trophies and medals to the winners and runners up in each shooting category. In Inter Formations Competition, Multan Corps came first followed by Mangla Corps. I...
December 2, 2021 at 11:36 pm | Economic Affairs
December 2,2021Vienna(Press Release)Pakistan has been elected as a member of the Industrial Development Board (IDB) and Programme and Budget Committee (PBC) of United Nations Industrial Development Organization (UNIDO). Elections were held in Vienna earlier today during the ongoing General Conference of UNIDO.Pakistan's term as a member is for four years for IDB (2022-2025) and two years for PBC (2022-2023). Since Pakistan’s membership of UNIDO in 1985, Pakistan has been playing its active role as a member of IDB for 30 years and PBC for 18 years.The international community has once again reposed confidence in Pakistan, recognizing Pakistani’s contribution and efforts for inclusive and sustainable industrial development. Being the memb...
December 2, 2021 at 11:35 pm | Economic Affairs
EA ReportLahore, Dec2—Pakistan stocks got a hammering on Thursday with the benchmark KSE-100 index losing over 1,400 points or nearly 3.2% during the first half of the trading session as the market reacted sharply to the widening trade deficit data.Index was hovering around the 43,900-point level -- a fall of 3.2% -- and heading for one of its worst days of the calendar year at noon,The sell-off comes after Pakistan posted a massive trade deficit in November, denting economic sentiment.Stocks fell across-the-board, following inflation reading that touched a 21-month high.This has raised interest-rate hike expectations, analysts told Business Recorder, and could put the central bank on the path of even more aggressive monetary tightening....
December 2, 2021 at 12:29 pm | Economic Affairs
December 1,2021Islamabad(Press Release)Foreign Secretary (FS) Sohail Mahmood held a briefing for the Islamabad-based OIC Heads of Mission, today, on the proposed Extraordinary Session of the Council of Foreign Ministers (OIC-CFM) of the Organization of the Islamic Conference (OIC) on the situation in Afghanistan.The Foreign Secretary informed that on 29 November, the Kingdom of Saudi Arabia – in its capacity as the Chair of the Summit of the OIC – took the initiative to propose the convening of an Extraordinary Session of the OIC Council of Foreign Ministers, relating to the situation in Afghanistan.Pakistan welcomed this initiative and offered to hostthe CFM in Islamabad on 17 December 2021.The Foreign Secretary underscored that this ...
December 1, 2021 at 10:24 pm | Economic Affairs
December 1,2021Vienna(Press Release)Ambassador Aftab Ahmad Khokher, in his capacity as Head of Pakistan’s delegation, addressed the 19th session of General Conference of United Nations Industrial Development Organization (UNIDO). He appreciated UNIDO’s initiative of arranging Global Consultations on circular economy which offers a promising solution to some of the most pressing global challenges, particularly being faced by developing countries like Pakistan. In view of technological and financial constraints of developing countries, Ambassador Khokher emphasised that UNIDO should assist the Member States for transfer of clean and innovative technologies and arrangement of adequate and predictable financing for promotion of circular ec...
December 1, 2021 at 6:42 pm | Economic Affairs
Islamabad (Press Release)Greetings from Ambassador WADADear Pakistani Friends,Assalamu Alaikum,I am WADA Mitsuhiro, newly appointed Ambassador of Japan to Pakistan. It is my pleasure to contribute to the development of Japan-Pakistan relations especially at this very important time and to work in this wonderful country which has a rich history, culture and also very warm-hearted people.Next year marks the 70th anniversary of the establishment of diplomatic relations between Japan and Pakistan since our cordial relationship began in 1952. On this remarkable opportunity, I will sincerely pursue my duties to further develop the existing friendly relationships in various fields such as politics, economy, culture, and defence cooperation....
December 1, 2021 at 2:45 pm | Economic Affairs
Pakistan Rupee Exchange Rate