Pakistan Tourism

BENGALURU: India’s Adani Green Energy said on Tuesday it has received a follow-on funding of $1.36 billion via a... BENGALURU: India’s Adani Green Energy said on Tuesday it has received a follow-on funding of $1.36 billion via a green loan from an international bank consortium to help the company expand its renewable power capacity.This brings Adani Green’s total funds in its construction asset portfolio to $3 billion, according to a stock exchange filing, from the initial project financing in March 2021 raised to set up solar and wind energy projects.The new loan will be used to develop the company’s renewable...

BANGKOK: A bus lost control and crashed into a tree in Thailand, killing 14 passengers and injuring more than 20, the state-owned Transport Company said in a statement on Tuesday.The accident occurred in country’s western province of Prachuap Khiri Khan at half past midnight.The bus’s front was split in half after the crash, according to state broadcaster ThaiPBS. Thailand welcomes release of two more Thai hostages held by Hamas Rescuers were seen pulling passengers out from the wreckage.“All those injured are being treated at hospital,” the statement said, adding that an investigation on the causes of the accident was being...

ISTANBUL: The Turkiye central bank’s total reserves rose $3.5-3.8 billion last week to a record level exceeding $140... ISTANBUL: The Turkiye central bank’s total reserves rose $3.5-3.8 billion last week to a record level exceeding $140 billion, five bankers’ calculations showed on Tuesday, sustaining an uptrend after it adopted more orthodox monetary policy following May elections.The bank has raised interest rates by 3,150 basis points since June, when President Tayyip Erdogan appointed former Wall Street banker Hafize Gaye Erkan as its governor.It has hiked its policy rate by 500 points in each of the last three months. Turkish central bank’s...

Activity in Russia’s services sector grew at its slowest pace in 10 months in November, a business survey showed on... Activity in Russia’s services sector grew at its slowest pace in 10 months in November, a business survey showed on Tuesday, as new domestic and export business growth eased and firms grappled with stretched workforces and inflation pressures.The S&P Global Purchasing Managers’ Index (PMI) for Russian services fell to 52.2 in November from 53.6 in October, but stayed above the 50 mark that separates expansion from contraction for the 10th consecutive month.“The rate of growth eased notably amid a slower...

KARACHI: Pakistan OMC’s recorded sales of 1.4 million tons up 9.0 percent on month-on-month basis while Ex-Furnace Oil (FO) sales up 7.0 percent MoM in November 2023.The MoM jump in sales is due to lower petrol and diesel prices and low base of FO sales in last month, experts said.Average petrol price of November 2023 came down to Rs 282 per litre compared to Rs 303 per litre in October 2023. Similarly average Diesel prices came down to Rs 300 per litre in November 2023 from Rs 311 per litre in October 2023. FO sales for November 2023 rose 54...

Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable,... Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.Moody’s affirmed China’s A1 long-term local and foreign-currency issuer ratings and said it expects the country’s annual GDP growth to be 4.0% in 2024 and 2025.The change to a negative outlook reflected rising evidence that authorities will have to provide financial support for debt-laden local governments and state firms, posing broad risks to China’s fiscal,...

ISLAMABAD: In a groundbreaking initiative, the Pakistan-Qatar IT Conference commenced at the JW Marriott Marquis City Center in Doha, Qatar, drawing active participation from prominent Pakistani IT firms and local Qatari businesses. The inauguration ceremony was led by the Caretaker Federal Minister for IT and Telecommunication, Dr Umar Saif.During his address at the conference, Dr Umar Saif introduced the technological prowess of Pakistan to a diverse audience, comprising both business leaders and government executives in Qatar, according to a news release received here on Sunday. This event marks the maiden voyage of an IT delegation from Pakistan to Qatar, aiming...

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to ink agreements on Electronic Data Interchange with the United Arab Emirates, Singapore, Hong Kong and Afghanistan to control the menace of under-invoicing and over-invoicing. Sources told Business Recorder that the electronic data interchange systems will be established with major import partners. The move is part of a broader strategy aimed at fostering transparency and accountability in international trade. In this regard, the FBR has been assigned new targets to effectively curb under-invoicing and over-invoicing. As part of this initiative, the government has decided to enter into electronic data interchange agreements...

ISLAMABAD, Nov 15 (APP): Under the leadership of State Minister for Tourism and SAPM on Youth Affairs Wasi Shah, the Pakistan Tourism Development Corporation (PTDC) is participating in the China Outbound Travel & Tourism Mart (COTTM) Beijing China from November 15 to 17.Speaking at the inauguration of the Pakistan Pavilion at COTTM, Pakistan’s Ambassador to China Khalil Hashmi emphasized the deep and enduring friendship between Pakistan and China, highlighting the shared values and mutual respect that underpin their diplomatic, economic, and cultural ties. He expressed confidence that events like COTTM would foster collaboration between tour operators in both countries.State Minister...