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Pakistan and United Arab Emirates signed an inter-governmental contract for economic cooperation in 2023. Under this contract the Karachi Port Trust has granted two concessions to a UAE public sector entity AD Ports Group to invest in, develop, and operate port terminals at the Karachi Port.
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
Pakistan–United Arab Emirates relations refer to bilateral relations between the Islamic Republic of Pakistan and the United Arab Emirates. These relations date back to the UAE's formation in 1971 [1], and have since evolved into wide-ranging co-operation in various fields. Pakistan was the first country to extend recognition of the United ...
Karachi the economic capital of Pakistan. Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [63]
The UAE is the second largest source of remittances to Pakistan; in 2012, remittances from the UAE amounted to $2.9 billion. [14] See Migrant workers in the United Arab Emirates. The UAE is widely reported to be complicit in a modern-day slave trade of from Pakistan workers.
The United Arab Emirates has an embassy in Kuwait City. Malaysia: 11 September 1974: See Malaysia–United Arab Emirates relations. The United Arab Emirates has an embassy in Kuala Lumpur, and Malaysia has an embassy in Abu Dhabi. [194] The countries established diplomatic relations in 1983. [195] In 2005 Malaysia's export to the UAE stood at ...
The 2024 Heisman Trophy will be awarded on Saturday. Here is a list of past winners for college football's top award, sorted by school.
Pakistan donated 8 tonnes of relief assistance comprising medicines and food to Lebanon as a token of solidarity for the victims of blasts that took place in Beirut on August 4, 2020. Economic relations