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

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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CPEC projects transforming lives of millions

Faiz Paracha Oct 9, 2023

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), the flagship project of Belt and Road Initiative (BRI), has promoted Pakistan’s sustainable development in a wide range of areas since its start in 2013. CPEC has been playing a vital…

Business

Norway, Pakistan hold 12th round of political consultations

Faiz Paracha Oct 4, 2023

ISLAMABAD: Pakistan and Norway at their 12th round of political consultations have reaffirmed to further strengthen cooperation in investment, shipping, climate change, renewable energy resources and higher education. At the discussions…

Business

Plan to import crude oil from Russia not abandoned: energy minister

Faiz Paracha Sep 23, 2023

LAHORE: Minister for Energy, Power and Petroleum Muhammad Ali has said the government had not abandoned its plan to import Russian oil. Talking to media persons, he said under an agreement with Moscow, one cargo of crude oil had been…

Business

Azeri airline’s direct flight from Baku due today

Faiz Paracha Sep 23, 2023

ISLAMABAD: As part of its earlier announcement, Azal, the national airline of Azerbaijan is launching direct flight to Pakistan today. According to a schedule of the airline, the first direct flight will land at Allama Iqbal International…

Business

IMF raises concerns over smuggling of petrol

Faiz Paracha Sep 20, 2023

ISLAMABAD: The International Monetary Fund (IMF) has written to the Ministry of Finance and Federal Bureau of Revenue (FBR) seeking answers to allegations of petrol smuggling. The Washington-based lender is concerned about the huge amount…

Business

Warning issued against use of India made AI products, services

Faiz Paracha Sep 19, 2023

ISLAMABAD: The government has advised all informational technology (IT) and financial institutions, including regulators, to avoid using "Indian origin” artificial intelligence (AI)/information and communication technology (ICT) products as…

Business

Changes to visa policy approved to attract investors

Faiz Paracha Sep 19, 2023

ISLAMABAD: The government of Pakistan has approved changes to the country’s visa policy, under which foreign investors will receive a six-month business visa within 24 hours. The move is aimed at attracting foreign investors and…

Business

Pakistan’s exports increase by 22.45pc to Rs.1.27 trillion

Faiz Paracha Sep 18, 2023

ISLAMABAD: The exports from the country in rupee term witnessed an increase of 22.45 percent during the first two months of current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS)…

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