Category: Newsfeed

As 2024 draws to a close, the situation in Gaza remains dire. The year has seen relentless violence, with thousands of innocent lives lost, including a significant number of children. The humanitarian crisis has reached unprecedented levels, with many children succumbing to the harsh conditions. The ongoing conflict has left Gaza’s infrastructure in ruins, and…

United Bank Limited (UBL) has successfully arranged and financed a $300 million short-term loan for Pakistan’s government through its UAE and Bahrain branches. This marks the first foreign loan outside of China since 2022, aimed at supporting Pakistan’s external financing needs in line with IMF commitments. UBL’s international assets exceed $2.4 billion, showcasing its capability…

The newly constructed Gwadar International Airport is set to commence flights to Muscat starting January 10, 2025. This announcement comes after delays due to security concerns. The $200-million Chinese-funded facility, designed to handle both domestic and international flights, is among the largest airports in Pakistan. Capable of accommodating Airbus A380 aircraft, it is expected to…