बाढीले डुबायो कीर्तिपुरको राधास्वामी होल्डिङ सेन्टर, विस्थापित सुकुम्बासी फेरि विस्थापित (तस्बिरहरु)

Pakistan Ends Bank Incentives On Remittances After IMF Scrutiny | Dawn News English

Pakistan's State Bank has ended two major bank incentive schemes linked to overseas remittances following scrutiny from the International Monetary Fund (IMF). The Sohni Dharti Remittance Programme and the Telegraphic Transfer Charges Incentive Scheme have been discontinued from July 1, 2026, as Islamabad moves to reduce fiscal costs while maintaining strong remittance inflows. With overseas Pakistanis sending nearly $40 billion home last year, remittances remain a key pillar of Pakistan's economy, foreign exchange reserves and external accounts. Here's what the decision means for banks, overseas Pakistanis and Pakistan's economy. #pakistan #remittances #sbp #imf #pakistaneconomy #banking #finance #news --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Website: www.dawn.com Official Facebook:https://www.facebook.com/dawnnewsenglish Official Twitter: https://x.com/dawnnewsenglish Official Instagram: https://www.instagram.com/dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews

Saudi Arabia, Kenya sign three MoUs at inaugural political consultations meeting

RIYADH — Saudi Arabia and Kenya signed three memorandums of understanding (MoUs) during the inaugural meeting of the Saudi-Kenyan Political Consultations Committee, co-chaired by the Saudi Foreign Minister and Kenya's Prime Cabinet Secretary and Cabinet secretary for Foreign and Diaspora Affairs. The meeting, held on Sunday at the Ministry of Foreign Affairs headquarters in Riyadh, brought together Prince Faisal bin Farhan and Musalia Mudavadi to strengthen bilateral relations, enhance coordination and consultation, serve the two countries' mutual interests, and contribute to regional security and stability. **media[2732566]** At the conclusion of the meeting, the two sides signed three MoUs. The first, aimed at promoting direct investment, was signed on the Saudi side by Minister of Investment Fahad Abduljalil Al-Saif and on the Kenyan side by Mudavadi. The second focused on cooperation and mutual assistance in customs matters and was signed by Zakat, Tax and Customs Authority (ZATCA) Governor Suhail Abanmi and Mudavadi. The third established cooperation between the Saudi Export-Import Bank and the Kenya Development Corporation. It was signed by Saudi EXIM Bank CEO Saad Al-Khalb and Kenya Development Corporation Managing Director Nora Ratemo. **media[2732564]** The two countries also signed an agreement on the recruitment and employment of Kenyan workers. The agreement was signed by Deputy Minister of Human Resources and Social Development for Labor Abdullah Abuthnain on the Saudi side and Cabinet Secretary for Labor and Social Protection Alfred Mutua on the Kenyan side. The meeting was attended by Vice Minister of Foreign Affairs Waleed Elkhereiji, Assistant Foreign Minister for Political Affairs Ambassador Dr. Saud Al-Sati, Saudi Ambassador to Kenya Saad Al-Nafie, and Director General of the General Department for African Countries Saqr Al-Qurashi.

Egypt Starts Oil Sector Privatization

Egypt announced this Sunday the listing of three new public oil companies on the Egyptian Exchange (EGX), marking the first phase of the Egyptian government’s privatization program for the sector, according to the Council of Ministers. In a statement, the Cabinet reported that the Minister of Petroleum and Mineral Resources, Karim Badawi, confirmed that the []

NLDSL and Punjab Government Sign MoU to Accelerate Digital Logistics Transformation via ULIP

NLDSL and Punjab Government Sign MoU to Accelerate Digital Logistics Transformation via ULIP New Delhi, Jul 9 (KNN) NICDC Logistics Data Services Limited (NLDSL) and the Directorate of Industries Commerce, Government of Punjab have signed a Memorandum of Understanding (MoU) to support the digital transformation of Punjab's logistics ecosystem through the Unified Logistics Interface Platform (ULIP). The partnership aims to improve logistics visibility, operational efficiency, inter-departmental coordination and data-driven decision-making through real-time logistics data exchange, benefiting industries, MSMEs, exporters and other logistics stakeholders in the state. ULIP currently integrates 46 government systems across 12 Central Ministries and Departments through 142 APIs, covering over 2,000 data fields. The platform has enabled the development of more than 260 applications and facilitated over 450 crore API transactions. Following the signing, an interactive ULIP workshop was held for officials from departments including Transport, Warehousing, Food, Civil Supplies Consumer Affairs, Public Works and Civil Aviation to identify state-specific logistics use cases. NLDSL also showcased digital platforms including the Logistics Data Bank (LDB), Koyla Shakti, Track Your Transport (TYT), Transport Management System (TMS) and Logistics e-Marketplace (LeMP). The MoU was signed in the presence of Punjab Industries Commerce Minister Aman Arora by NLDSL CEO Takayuki Kano and Director, Industries Commerce, Punjab Jaspreet Singh. (KNN Bureau)