Author

Faiz Paracha

Faiz Paracha, an esteemed broadcast journalist with over two decades of experience, excels in reporting and editorial positions. His expertise lies in the economy and energy sectors, where he has delivered thorough coverage and valuable insights.

Currently serving as the Head of Reporting at News Diplomacy, Faiz manages coverage related to diplomatic missions, international development organizations, the United Nations, and foreign affairs. His diverse interests encompass environmental and climatic issues, alongside his profound knowledge of business, economy, and energy.

Business

Helpline launched to benefit transit trade with Central Asia

Faiz Paracha Jan 13, 2024

ISLAMABAD: Pakistan Single Window (PSW) has launched its dedicated Russian language helpline to benefit international transit trade with Central Asia. Introducing this helpline service addresses a crucial language barrier faced by…

Business

IMF approves release of $700 million to Pakistan

Faiz Paracha Jan 11, 2024

ISLAMABAD (Reuters/Correspondent): The International Monetary Fund's board has approved a roughly $700 million loan for Pakistan under a $3 billion bailout, the finance ministry said. The IMF's completion of its first review of the program…

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Senate passes resolution to delay Feb 8 elections

Faiz Paracha Jan 5, 2024

ISLAMABAD: In a very strange move, the Senate of Pakistan on Friday passed a resolution seeking a delay in the February 8 general elections in the country due to security reasons. Media reported that there were only 14 members in the house…

Business

WB approves $350million to support fiscal, competitiveness reforms

Faiz Paracha Dec 20, 2023

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $350 million in financing for the Second Resilient Institutions for Sustainable Economy (RISE-II) operation. The operation aims to strengthen fiscal management and…

Business

FBR issues notices to 0.7 million non-filers

Faiz Paracha Dec 5, 2023

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to over 700,000 non-filers to file their returns within days otherwise action would be started against them The data of the 700,000 non-filers was gathered through their…

Business

Share market crosses over record 60,000 mark

Faiz Paracha Nov 28, 2023

After crossing the psychological mark of 58,000 points on Wednesday, the share market crossed 59,000 points mark on Friday. Today, the share market achieved yet another milestone, piercing through the 60,000 points as well. The benchmark…

Business

DFIs potential drivers for development of capital market: Shamshad

Faiz Paracha Nov 9, 2023

ISLAMABAD: Minister for Finance, Revenue and Economic Affairs Dr. Shamshad Akhtar has said efficiency and flexibility of Development Finance Institutions (DFIs) can be DFIs potential drivers of growth and development of the capital market.…

Business

FBR’s facilitation efforts for taxpayers acknowledged

Faiz Paracha Oct 28, 2023

KARACHI: Caretaker Minister for Finance and Revenue Dr. Shamshad Akhtar and Chairman FBR Malik Amjed Zubair Tiwana visited Overseas Investors Chamber of Commerce and Industry (OICCI) and Korangi Association of Trade & Industry (KATI) in…

Business

Pakistan to import crude oil from Russia under long-term deal

Faiz Paracha Oct 20, 2023

ISLAMABAD: Pakistan and Russia have reached a long-term understanding in purchase of crude oil to offset rising prices of fuel in Pakistan, according to sources in the Petroleum Division. Under this arrangement, a commercial cargo of…

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Projects worth over $25 bn completed under CPEC in 10 years

Faiz Paracha Oct 15, 2023

BEIJING: The Belt and Road Forum is crucial opportunity for all member states to create a roadmap for the future in view of the past achievements. Over 50 projects worth $25 dollars have been completed under the China-Pakistan Economic…

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