#Pakistan

GE Vernova Pakistan H-Class Major Inspection

GE Vernova completes first outage on HA gas turbines in Pakistan

GE Vernova’s engineers executed the outage at Haveli Bahadur Shah and Balloki power plants in Punjab, Pakistan

Dubai Islamic Bank prices $750m inaugural sustainable sukuk

DIB leads $1bn Shariah-compliant financing for Government of Pakistan

Structured over five years, the facility includes a significant Islamic financing component

Microsoft’s cloud ecosystem to contribute over $74bn to UAE economy in 4 years Getty Images

Microsoft’s Pakistan office closure signals shift to SaaS and AI-led models

Microsoft’s exit from its physical footprint in Pakistan coincides with a worldwide cost-cutting initiative

Etihad increases flights to Karachi: Here’s what travellers need to know

The enhanced schedule, with optimised departure and arrival times, is designed to offer maximum convenience and seamless connectivity

UAE just made flying easier: GCAA launches unified air operator gateway

India, Pakistan extend airspace closures for each other’s airlines

The Pakistan Airports Authority said the restriction applied to “all aircraft registered, operated, owned, or leased by India”

India suspends IPL cricket league amid tensions with Pakistan

The suspension will come as a major setback for a Reliance-Disney joint venture which has broadcast rights for the matches, and also scores of companies who have commmitted millions of dollars for advertising

Airspace closure: GCC airlines suspend flights to Pakistan

This remains an evolving situation, and further changes or disruptions may occur

UAE airlines now fly to 606 destinations worlwide to meet growing demand Image-Getty Images for illustrative purposes

Airlines re-route, cancel flights due to India-Pakistan flare-up

Images from flight tracking websites showed a long line of airlines passing over Oman, UAE and Kuwait

Pakistan pauses rate cuts, but likely not for long

Economists said the government should shift its focus to implementing economic reforms as interest rate cuts are not the elixir for growth

Gold prices in UAE fall as global trends weigh on bullion

Pakistan strikes gold: New reserves discovered

The precious metal has been found spread across a 32-kilometre long stretch

AD Ports group and Pakistan sign MOUs Image WAM

AD Ports Group, Pakistan ink MoUs to enhance transport, logistics sectors

AD Ports Group’s focus on integrating cutting-edge technologies, including artificial intelligence and data analytics, will be critical in the optimsation of Pakistan’s logistics operations

Pakistan eyes $4bn from Middle East banks to plug financing gap

Pakistan eyes $4bn from Middle East banks to plug financing gap, says central bank chief

Pakistan has relied on long-time allies such as China, Saudi Arabia, and the UAE to ‘roll over’ debt rather than force a repayment crunch

UAE-PAKISTAN

UAE announces $10bn investment package for Pakistan

Pakistan needs foreign investment to boost its economy and shore up its currency reserves to meet rising external repayment obligations

Pakistan

IMF approves $1.1bn funding tranche to help Pakistan’s economy

The $350bn economy faces a chronic balance of payments crisis, with nearly $24bn to repay in debt and interest over the next fiscal year

Saudi fund for development invests in hydropower projects in Pakistan Image SFD

Saudi Fund for Development invests in clean energy projects in Pakistan

The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens

PIA

Pakistan approves plan to sell national carrier PIA on eve of election

PIA has liabilities of PKR785bn and accumulated losses of PKR713bn as of June last year

Cricket Ball On The Pitch

Cricket World Cup 2023: Teams, fixtures, live stream details

India is hosting the top cricketing nations as they compete in the ICC Men’s ODI World Cup

Pakistan Independence Day

UAE leaders congratulate President of Pakistan on Independence Day

The country is celebrating its 77th Independence Day on August 14, 2023

AD Ports, Karachi Ports JV

UAE’s AD Ports signs 50-year concession deal with Karachi Port Trust

The expansion and enhancement of Port of Karachi are expected to further cement its position as a key player in the maritime industry

Air Arabia reports 70% rise in 2022 net profit

Air Arabia reports 70% rise in 2022 net profit

The airline served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

MOU signing - Mubadala Energy, OMV and PARCO join forces to explore opportunities in sustainable fuels

Mubadala Energy, OMV, PARCO to tap opportunities in sustainable fuels in Pakistan

The companies will explore the possibility of pursuing projects in circular economy initiatives, including plastics production and recycling, sustainable fuels and feedstock

Passenger traffic at Dubai's DXB forecasted to reach 64.3 million in 2022

Passenger traffic at Dubai’s DXB forecasted to reach 64.3 million in 2022

Dubai International recorded average monthly traffic of over six million during the third quarter

UAE sends relief aid to flood victims in Pakistan

UAE sends relief aid to flood victims in Pakistan, more than 33 million people affected

According to the latest estimates by National Disaster Management Agency (NDMA), nearly 1,000 people have lost their lives due to the torrential rains and floods

Dubai’s DXB records 27.9 million passengers in first six months of the year

DXB handled a total of 154,993 flight movements in H1 2022, up 55.9 per cent compared to the first half of 2021

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

DXB

Dubai’s DXB records 13.6 million passengers in Q1 2022

DXB is currently connected to 193 destinations across 92 countries via 73 international carriers

Kuwait

Kuwait seeks to invest $750m in Pakistan projects

Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities

UAE scraps rapid PCR tests for passengers from several countries including Pakistan, India

Sharjah-based Air Arabia said on its website that incoming passengers from eight countries are no longer required to conduct a rapid PCR test at the airport six hours prior to departure

Dubai’s DXB welcomes 29.1 million passengers in 2021, remains world’s busiest airport

India retained its position as the top destination country for DXB by passenger volumes