#Pakistan

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

Abu Dhabi Vaccine tourism

Abu Dhabi International Airport receives 5.26 million visitors in 2021

The airport handled 711,715 tonnes of freight in 2021

Saudi Telecom’s subsidiary buys Pakistani infrastructure provider to broaden footprint

The deal is subject to regulatory approval from Pakistani authorities

IBM appoints Wael Abdoush as GM for Gulf, Levant and Pakistan

Based in Dubai, Abdoush will oversee the company’s overall business operations, in addition to his current role as the technology leader

EFG Hermes advises TPG’s Evercare Group on $72.4m IDC deal

IDC, a radiology and pathology diagnostics service provider in Pakistan, provides imaging and lab services across a national network of over 80 branches in 30 cities

Pakistan sets 48-hour PCR test validity for nationals travelling from UAE

The changes will be effective December 8, 2021, onwards

Saudi Arabia lifts suspension of flights from six countries

GACA affirmed the commitment to the implementation of all precautionary and preventive measures adopted in Saudi Arabia

Dubai’s DXB handled 20.7 million passengers in the first 10 months of 2021

Its passenger volumes in the third quarter totalled 6.7 million

Expo 2020 Dubai pavilions: Sweden, Kuwait, China, Canada, Belgium, Mexico, Pakistan, Sierra Leone

Here’s a list of eight participating country pavilions and their offerings

Majority of MENA, Pakistan consumers prefer digital payment methods for ecommerce: report

The report estimates that 209m more customers in MENA and Pakistan have begun shopping online since the start of the pandemic

UAE’s Air Arabia, Lakson Group partner to launch Pakistan’s new low-cost airline

Details about the launch date, fleet, and destination network will be announced in due course

Kuwait to resume flights with six countries including India, Pakistan and Egypt

The latest decision comes following a decline in the number of new Covid-19 cases in Kuwait

UAE permits entry of select travellers from India, Pakistan, Sri Lanka, three other countries

Passengers from all countries will also be allowed to transit through the UAE, provided that they furnish a PCR test taken not more than 72 hours prior to departure