Tag: The Pakistan Times

ROBUST NATIONAL MARITIME SECTOR PROVIDES FOUNDATION FOR SUSTAINABLE ECONOMIC FUTURE – CHIEF OF THE NAVAL STAFF“Considering the state of country’s economy it is imperative to realize Pakistan's maritime potential, since a robust national maritime sector can be a great enabler for transition to a sustainable economic future”, said Chief of the Naval Staff Admiral Naveed Ashraf addressing the closing ceremony of 6th Maritime Security Workshop at Pakistan Navy War College, Lahore.Maritime Security Workshop is Pakistan Navy’s annual event which aims to generate understanding on the dynamics of maritime security, creating awareness about blue economy and exploring untapped maritime potential of Pakistan. The workshop participants included parliamentarians, policy makers, bureaucrats, a...

Pakistan’s Liquid Foreign Reserves PositionThe total liquid foreign reserves held by the country stood at US$ 12,206.4 million as of 08-Dec-2023. The break-up of the foreign reserves position is as under:i) Foreign reserves held by the State Bank of Pakistan: US$ 7,040.8 million ii) Net foreign reserves held by commercial banks : US$ 5,165.6 million iii) Total liquid foreign reserves : US$ 12,206.4 millionDuring the week ended on 08-Dec-2023, SBP’s reserves increased by US$ 21 million to US$ 7,040.8 million.Editor: Raja Kamran

Ms. Hela Cheikhrouhou, Regional Vice President of International Finance Corporation (IFC) for Middle East, Central Asia, Turkey, Pakistan and Afghanistan called on Caretaker Federal Minister for Finance, Revenue and Economic AffairsMs. Hela Cheikhrouhou, Regional Vice President of International Finance Corporation (IFC) for Middle East, Central Asia, Turkey, Pakistan and Afghanistan called on Caretaker Federal Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar at Finance Division, today.The meeting was attended by Mr. Khawaja Aftab Ahmed, IFC Regional Director, Mr. Najy Benhassine, Country Director, World Bank, Mr. Zeeshan Shaikh, Country Manager, IFC Pakistan and senior officials from Economic Afairs and Finance Division.Welcoming Ms. Hela Cheikhrouhou, Fi...

Chargé d'Affaires Andrew Schofer at the S&P Global 20K Women Mentorship Milestone Event U.S. Mission Pakistan and the U.S.-Pakistan Women’s Council are tremendously proud to celebrate S&P Global’s milestone achievement in reaching 20,000 women as mentees, under the U.S.-Pakistan Women’s Council’s Million Women Mentors Initiative. Just one year ago, Ambassador Blome celebrated S&P’s goal of 10,000 women mentees.  These are remarkable efforts, and I applaud Mr. Zahur and his team’s impressive and energetic work, which reflects the best of U.S. corporate and social values in action. The Million Women Mentors is an initiative of the U.S.-Pakistan Women’s Council, led by member company Pod and STEMConnector.  By 2025, it aims to provide one million Pakistani women and girls with ...

ISSI Launches Special Edition of PIVOT Magazine: "10 Years of CPEC: Unlocking Pakistan’s Potential and Future Prospects"The China Pakistan Study Center (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) hosted the launching ceremony for the special edition of PIVOT Magazine, titled “10 Years of CPEC: Unlocking Pakistan’s Potential and Future Prospects.” The event featured eminent speakers and experts, who delved into the CPEC’s remarkable journey over the past decade.The special issue focuses on the transformative impact of CPEC on bilateral relations between China and Pakistan, regional integration, and overall development. It highlights the journey from a conceptual framework to a tangible reality – advancing the goals of economic development, regional connectivity, ...

𝗛𝗘𝗖, 𝗕𝗿𝗶𝘁𝗶𝘀𝗵 𝗖𝗼𝘂𝗻𝗰𝗶𝗹, 𝗣𝗠𝗬𝗣 𝘁𝗼 𝗝𝗼𝗶𝗻𝘁𝗹𝘆 𝗪𝗼𝗿𝗸 𝗼𝗻 𝗚𝗿𝗲𝗲𝗻 𝗬𝗼𝘂𝘁𝗵 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁The Higher Education Commission, British Council, and Prime Minister’s Youth Programme have entered a new partnership to collaboration in their flagship programmes aimed to contribute to the economic and social development of the Pakistani youth.Special Assistant to Prime Minister Mr. Wasi Shah was chief guest of the signing ceremony, which was graced with their presence by Chairman HEC Dr. Mukhtar Ahmed, Executive Director HEC Dr. Zia Ul Qayyum, Country Director British Council Mr. James Thompson and other notables from the three sides.Deputy Secretary Prime Minister’s Youth Programme Dr. Muhammad Ali Malik, Advisor (Global Engagement) HEC Mr. Awais Ahmed and Country Director British Council Mr. Hampson signed...

COMBAT COMMANDER TURKISH AIR FORCE VISITS AIR HEADQUARTERSGeneral Ìsmail Güneykaya, Combat Commander Turkish Air Force, called on Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, Pakistan Air Force in his office today. The meeting underscored several key areas of mutual interest with a special focus on bilateral training, progress of current joint ventures and exploration of further avenues of collaboration in the aviation industry.During the meeting Air Chief Marshal Zaheer Ahmed Baber Sidhu, Chief of the Air Staff, Pakistan Air Force, shared the framework of PAF's comprehensive modernization strategy involving integration of emerging technologies, bolstering critical infrastructure and a comprehensive restructuring of its training set-up, in order to address ...

VICE ADMIRAL OVAIS AHMED BILGRAMI APPOINTED AS VICE CHIEF OF NAVAL STAFF Vice Admiral Ovais Ahmed has been appointed Vice Chief of the Naval Staff with immediate effect. Ministry of Defence has appointed Vice Admiral Ovais Ahmed Bilgrami as Vice Chief of the Naval Staff. The admiral was commissioned in Operations Branch of Pakistan Navy in 1989. He carried out his initial training from Britannia Royal Naval College, Dartmouth (UK) and won the coveted Sword of Honour. The Admiral distinguished service career includes wide range of Command and Staff appointments. His major Command appointments were Commanding Officer of a Type-21 destroyer PNS KHAIBAR, Commander Karachi and Commander Pakistan Fleet. His Staff appointments include Fleet Operations Officer & Chief Staff Officer to Command...

To Support Central Asian Trade, Pakistan explored Various Routes Pakistan has strategically taken use of the Wakhan Corridor to get unrestricted access to Central Asia, avoiding economic obstacles and boosting trade activity. There has been a discernible change in the manner that Pakistan and Iran actively search for alternate routes, moving away from Afghanistan and promoting a new age of unrestricted commerce with Central Asia. An important turning point in Pakistan's regional economic policy has been reached with the decision to stop depending on Afghanistan's transit commerce via the Gwadar port. Through the Pak China Trade Corridor, which connects Karachi with Shanghai and Kashgar, the National Logistics Corporation (NLC) has become a significant player in this environment. NLC ju...

AWARDS CEREMONY FOR 6TH EDITION OF ‘JINNAH YOUNG WRITERS AWARD’ HELD IN ANKARA Awards ceremony for sixth edition of ‘Jinnah Young Writers Award’, essay competition was held in Ankara today. The prize distribution ceremony was graced by the Turkish Minister for National Education, H.E Yusuf Tekin and ambassador of Pakistan to Turkiye H.E Dr. Yousaf Junaid.Named after Quaid-e-Azam Muhammad Ali Jinnah, the founder of Pakistan, the essay competition is one of the key features of Pakistan Embassy’s commitment to intellectual development. The essay competition is held annually among senior high school students of Turkiye. Theme for the 6th round of competition was ‘Muhammad Iqbal and Mehmet Akif Ersoy- Two great poets of 20th century’.Speaking on the occasion, Minister for National Educ...