Author: The Team PK

Finance Minister Ishaq Dar Announces $2 Billion Deposit from Saudi Arabia into State Bank of Pakistan Account Following Pakistan-IMF Deal During a press conference on Tuesday, Finance Minister Ishaq Dar revealed that Saudi Arabia has made a substantial deposit of $2 billion into the State Bank of Pakistan (SBP). This significant inflow comes just days after Islamabad reached a staff-level agreement with the International Monetary Fund (IMF) on a $3 billion Stand-By Arrangement. Dar emphasized that this deposit has had a positive impact on the forex reserves held by the central bank and will be duly reflected in the forex…

In a thrilling final showdown, a three-member team from Pakistan emerged as the champions in the Gamers8 Tekken 7 Nations Cup by defeating South Korea with a score of 3-2, much to the delight of fans. The victorious team, consisting of Arslan Ash, Atif Butt, and Khan Imran, showcased their exceptional skills and strategic gameplay to secure two rounds in the match, ultimately clinching the prestigious title and an impressive half-million dollar prize. The tournament, organized by the Saudi Esports Federation, brought together 16 national teams from around the world, setting the stage for intense competition and showcasing the immense…

In a significant development for Pakistan’s economic revival, global rating agency “Fitch” has upgraded the country’s long-term foreign-currency rating from IDR (Issuer Default Rating) to CCC. This positive news comes as a welcome boost to the ongoing efforts towards economic recovery and has been met with celebrations and congratulations. Federal Finance Minister Ishaq Dar accounted that in his twitter this afternoon.  In his tweet he said its “another positive news towards current economic revival journey, AlhamdoLilah”. He also congratulated his team and Prime Minister Shehbaz Sharif leadership. https://twitter.com/mishaqdar50/status/1678365206122987522?s=46&t=o0nsJN7MuxFT7tVAOTAOxg Prime Minister Shehbaz Sharif, along with the nation, government allies, and the…

KARACHI: The Pakistan Sports Board (PSB) has declined to grant a no-objection certificate (NOC) to the Pakistan Football Federation (PFF) for the women’s team’s upcoming tour to Singapore. The scheduled friendly matches between Pakistan and Singapore’s women’s teams, set to take place on July 15 and 18, now face uncertainty as the PFF’s request for an NOC from the PSB has been turned down. According to the PSB’s letter to the PFF, federations are required to submit all relevant documents for government clearance at least six weeks prior to the departure date. Due to the belated submission of the request,…

Beijing: Federal Minister for Planning Development & Special Initiatives, Prof Ahsan Iqbal on Monday shed light on the importance of growing the digital economy, termed digital economy is vital to ensure sustainable development of the country. The Minister made these remarks while speaking at the panel discussion titled: “Industrialization & Digital Era Connectivity,” organized by the China International Development Cooperation Agency in Beijing on Monday. It is noted that the Planning Minister Ahsan Iqbal is on a four-day official visit to China to attend a special commemorative 12th Joint Cooperation Committee (JCC) to be held on July 11 to mark…