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Improved Foreign Direct Investment: Pakistan Sees A 17% Increase in FDI

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Foreign Direct Investment in the nation has increased by 17% as a result of the Special Investment Facilitation Council’s business-friendly policies.

Foreign investment reached 1.9 billion dollars in the fiscal year 2024, according to figures issued by the Pakistani national bank. Comparing June of this year to the same month last year, foreign direct investment was 169 million dollars.

With investments of $568 million in the most recent fiscal year, China continued to be Pakistan’s biggest trading partner and investor.

After investing $359 million in foreign direct investment, Hong Kong emerged as the second-largest investor. United States, United Kingdom, and Singapore are among significant nations that have made investments in Pakistan.

Receiving $801 million in foreign direct investment (FDI) in the fiscal year, the energy sector emerged as a major winner.

The surge is attributable to the Special Investment Facilitation Council’s successful policies and efforts, which have improved the business climate.

As a sign of the growing interest in Pakistan’s energy resources, investments in oil and gas exploration also went up to 304 million dollars.

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Iranian President Offers Condolences for Kurram Terrorist Attack

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Masoud Pezeshkian, the president of Iran, has expressed his sorrow for the recent terrorist assault in Pakistan that claimed dozens of lives and denounced the crime.

The Iranian president said that all types of terrorism must be denounced in a statement. In addition to the relatives of the attack victims, he sent his sympathies to the people and government of Pakistan.

“I will stand by its friendly and brotherly country, Pakistan, and will seriously pursue the fight against terrorism to enhance security and stability in the region,” he added.

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It’s unfortunate that political points were scored. Claims Against Saudi Arabia Show a Desperate Attitude: Dar

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According to Senator Mohammad Ishaq Dar, the deputy prime minister and foreign minister, accusing Saudi Arabia of gaining political points is a sign of a desperate attitude.

In response to the PTI founder’s spouse’s remarks on Saudi Arabia, the Deputy Prime Minister stated, “Pakistan and Saudi Arabia are close friends and brothers.”

According to Dar, Saudi Arabia’s path of growth and prosperity is something they greatly admire. The nation of Pakistan takes pride in its strong ties with Saudi Arabia, which has supported it no matter what.

He said it is unfortunate and shows a desperate attitude to “implice Saudi Arabia for petty political point scoring.”

In order to prevent any political forces from jeopardizing Pakistan’s foreign policy, the deputy prime minister of their political objectives.”

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Examining Drug Mafia: Balochistani Smuggling Operation Started

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Two drug dealers were detained and an international narcotics deal was thwarted in Balochistan by government institutions.

A significant amount of crystal ice was taken from the individuals who were arrested.

The 70 kg of illegal goods that were found are valued about $1 million on the global market.

The arrested person’s cell phone also yielded contact information for the international drug gangs from Afghanistan and Britain.

The Pakistan Security Forces are dedicated to making the nation drug-free.

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