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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 ...
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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.
Three police officers are killed in a suicide bombing at a police outpost in Khyber Pakhtunkhwa, Pakistan. Five Iraqis from Duhok, Kurdistan Region, Iraq, are shot and killed by gunmen on a road in Mardin Province, Turkey. Two of the victims were prominent imams in Duhok. (The National News) Business and economy
The Pakistan rupee, which plumbed record lows on Sept. 5, recovered to below 300 per U.S. dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the ...
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
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]