By Shiza Zahid Austerity refers to a set of economic policies that a government implements to control the public sector debt. They are a special subset of contractionary fiscal policy, which focuses on changing the aggregate demand and specifically targets cyclical and structural budget deficits, aiming for debt minimization. Governments implement austerity measures when they are concerned that their national …

News Desk KARACHI: On September 14, 2023, In preparation for the participation of Pakistani entrepreneurs in the 38th Trade Expo Indonesia (TEI) on October 18-22, 2023 in Consulate General of the Republic of Indonesian in Karachi organized TEI promotion activities packed in a dinner event titled “Working Dinner: Road to 38th Trade Expo Indonesia. The event was attended by a …

In the pages of Emirates Woman’s September edition, Amira Sajwani emerges as a true icon, seamlessly navigating the complexities of her personal and professional life. Her story is a testament to the fact that with determination, resilience, and unwavering commitment, one can achieve their dreams while cherishing the bonds that matter most. Amira’s feature is a must-read for anyone seeking …

BANGKOK/DUBAI: Tourism Malaysia continues to boost its promotion and international marketing efforts in Thailand by organising seminars and business-to-business (B2B) sessions in Bangkok, followed by networking dinner, to arrange possible tie-ups between Malaysian tourism industry players and Thai counterparts. A total of 120 Thai travel agents and local media met up today with 20 Malaysian travel trade partners comprising travel …

KARACHI: The State Bank of Pakistan has suspended with immediate effect the authorization of an Exchange Company Namely M/s Royal International Exchange Company (Pvt) Limited till further orders on violations of SBP rules and regulations. The Exchange Company, its head office, branches, franchises and payment booths have been debarred from undertaking any kind of business activity during the suspension period. …

Another Indian national has been added to the ever-growing list of Indian winners of US$1 million when the draw for the latest Dubai Duty Free Millennium Millionaire promotion was held today at Terminal 2 of Dubai International Airport. Mr. Syed Ali Bathusha Thivansha, an Indian national based in the UAE, won US$ 1 million in Millennium Millionaire Series 434, with …

DUBAI: Deja Vu Real Estate, a stalwart in the UAE’s real estate landscape since its inception in 2007, proudly unveils the appointment of Mohab Samak as its new CEO and Managing Partner. Mohab Samak, a seasoned industry veteran with nearly two decades of experience in real estate, including distinguished roles at industry titans like Emaar, Hamptons International, and Engel & …

Emirates Post Group launched the ‘Letter Mailbox Art’ competition, a creative initiative aiming to transform the iconic red mailboxes across the UAE into artistic icons, paying homage to the rich heritage and culture of the nation. Talented Emiratis are invited to showcase their creativity and recount fascinating stories of each emirate through unique and visually stunning artworks. The competition is …

By Rafiq Vayani DUBAI: In a momentous occasion, Dr. Effat Mostafa, General Manager and Founder of Seascope MENA, Board Member of Arab Women in Maritime Association “AWIMA”, and Board Advisor to YoungShip UAE has been bestowed with a prestigious special award for her outstanding contributions to the development of the Middle East maritime industry. This remarkable recognition was conferred as …

The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement marks a significant step taken by KMBL to incorporate partners from the digital payments industry to transform its infrastructure, thereby facilitating customers to make their Khushhali Bank payments conveniently throughout …