The October edition of the World Economic Outlook projects Pakistan’s GDP to grow by 4.0% - 0.8% less than the target set by the incumbent government. The report stresses the need for equitable vaccine access for every country and calls on the G7 and G20 nations to deliver the outstanding doses of vaccines they promised. Vaccines manufacturers and developed countries have been asked to aid the regional production of COVID-19 vaccines.
National Logistics Cell (NLC) opened a dedicated office at Gwadar Port to facilitate business. Gwadar is set to become logistical hub of the region and NLC's presence in the port city shows that this is not just an ambition but a ground reality.
The withdrawal of the directive to notify taxpayers 24 hours prior to freezing their bank accounts drew the ire of the former chairperson of the Federal Board of Revenue.
Pakistan’s textile exports have risen by approximately 28% in the first quarter of the current fiscal year. The exports by the textile industry recorded an increase by 26% in September and by 28.67% in the July-August period.
Pak-UAE strengthen ties at Leaders Pavilion Dubai Expo 2020 through investment opportunities and key regional issues. After meeting the Emirati leadership, President Alvi formally inaugurated the Pakistan Pavilion at Dubai expo.
“[The] UK decides gora certificates [and] vaccines are okay but most non-gora vaccine certificates [and] Chinese vaccines are not. This is despite widespread evidence of fake certificates in [the] US [and] Europe," said Asad Umar in a tweet.
Pakistan’s trade statistics for the first quarter of FY22 present a mixed picture of the country’s economic trajectory. The figures for imports and exports as reported by the Pakistan Bureau of Statistics are a potent indicator of the effectiveness of the government’s trade policies and the direction of the economy.
Finance Minister reiterated that petroleum prices were still cheapest in Pakistan, in comparison to the rest of the world except the sixteen oil producing countries. The government, from October 1, increased the price of petrol and high speed diesel (HSD) by 4 rupees per liter and 2 rupees per liter, respectively.
In what can be termed as a game-changing development for the Pakistani automobile sector, Volkswagen and Skoda SUVs and Crossovers will be assembled in Pakistan and will be available to the consumers by mid 2023.
World Expo 2020 starts in Dubai after a one year delay because of the COVID-19 pandemic. It is set to take place from 1 October 2021 to 31 March 2022. The theme of Expo 2020 is 'Connecting Minds, Creating the Future'.