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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 Capital Market Transitions to T+1 Settlement Cycle

Faiz Paracha Feb 10, 2026
KARACHI: Pakistan’s Capital Market has officially transitioned to the T+1 settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices. Effective from February 9,…
Latest

Pakistan Issues License to First Digital Bank 

Faiz Paracha Feb 10, 2026
ISLAMABAD: Prime Minister Shehbaz Sharif has issued a license to Pakistan’s first digital bank, Raqami Islamic Bank, marking a significant milestone in Pakistan-Kuwait relations. Speaking at the licensing ceremony in Islamabad, the Prime…
Latest

WB Reaffirms Support for Pakistan’s 10-Year Uplift Programme

Faiz Paracha Feb 9, 2026
RIYADH: The World Bank has reaffirmed its support for Pakistan’s 10-year development programme worth $20 billion, emphasising the importance of effective coordination and timely implementation to maximise its developmental impact. The…
Business

Kazakh Group to Invest $20 Million in Gold Mining Projects of GB

Faiz Paracha Feb 6, 2026
ISLAMABAD: The Ilaman Group of Kazakhstan has expressed its commitment to invest $20 million immediately in placer gold mining projects in Gilgit-Baltistan. According to a statement issued by the Board of Investment, Federal Minister for…
Business

World Bank President Ajay Banga Arrives in Pakistan on Key Visit

Faiz Paracha Feb 1, 2026
ISLAMABAD: World Bank President Ajay Banga has arrived in Pakistan on an official visit, which is expected to focus on economic reforms and long-term development cooperation. According to sources, Ajay Banga will remain in Pakistan until…
Business

Pakistan’s Textile Exports to China Shift To Value-Added Goods

Faiz Paracha Jan 31, 2026
BEIJING: Pakistan’s textile exports to China experienced a significant shift in 2025, moving away from raw materials and toward higher-value products. According to recent trade data from the General Administration of Customs of the…
Latest

Pakistan Stock Exchange Hits Record High, Dollar Weakens

Faiz Paracha Dec 19, 2025
ISLAMABAD: The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday as the benchmark KSE-100 Index reached an all-time high, reflecting strong investor confidence and positive market sentiment. Trading began on a positive…
Education and Health

Japan Commits $3.5m Grant for Polio Eradication Efforts

Faiz Paracha Dec 19, 2025
ISLAMABAD: The government of Japan has announced a new grant of $3.5 million to support Pakistan’s ongoing efforts to eradicate polio, further strengthening its commitment to the cause. This funding will be used to purchase essential oral…
Business

Pakistan Stock Exchange Hits New Record High

Faiz Paracha Dec 15, 2025
KARACHI: The Pakistan Stock Exchange (PSX) demonstrated a robust upward trend today with the KSE-100 Index reaching an all-time high, signaling strong investor confidence and market momentum. The trading week began with a significant surge…
Business

World Bank Approves $400 Million for Punjab Improved Urban Services

Faiz Paracha Dec 12, 2025
ISLAMABAD: The World Bank’s Board of Executive Directors has approved, $400 million in financing for a new project that will provide safely managed water, sanitation and basic hygiene services, and help improve the institutional and…
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IHC Strikes Down Ban on Land Transactions in Islamabad

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