Top 3 positive news updates of Pakistan [04 Jan 2021]

  • In this post, we’re going to take a look at the top 7 positive stories of Pakistan from Jan 04,2021.
  • Pakistan’s exports to Qatar increased by 37.42 percent while imports from Qatar declined by 153.39 percent.
  • Financial Action Task Force (FATF) had stipulated that the general savings accounts and special savings accounts of the customers should be closed in the existing post offices of Pakistan Post.
  • Asian Development Bank (ADB) has said that Pakistan’s economy has shown resilience and stability in the year 2020.
  • For more positive news of Pakistan, visit the Naya Pakistan section of our website.

Top 3 positive news updates of Pakistan [04 Jan 2021]

#1 Qatar-Pakistan exports increase by 37.42%, imports fall by 153.39%

Bilateral trade volume between Pakistan and Gulf country Qatar has declined during the current financial year. In the first five months of the financial year, Pakistan’s exports to Qatar increased by 37.42 percent while imports from Qatar declined by 153.39 percent. The volume of bilateral trade between the two countries has declined by a total of 122.70%.

According to the data released by the SBP in this regard, the volume of Pakistani exports to Qatar during July-November 2020 was recorded at  63.63 million as compared to the previous fiscal year. In the same period of last financial year, the volume of Pakistani exports to Qatar was recorded at  46.30 million.

In November 2020, the volume of Pakistani exports to Qatar was recorded at 12.54 million. In the last financial year, Qatar’s exports were recorded at  148.66 million. According to the SBP, imports from Qatar in the current financial year have declined by 153.39 percent compared to the same period last year.

In the period from July to November 2020, the volume of imports from Qatar was recorded at 313.60 million. In the same period of the previous financial year, the volume of imports from Qatar was recorded at  794.65 million. In 20, Qatar imported a total of  1.628 billion.

#2 Another step from FATF’s gray list, which account is being closed in post offices?

Regarding Pakistan Post, the Financial Action Task Force (FATF) had stipulated that the general savings accounts and special savings accounts of the customers should be closed in the existing post offices of Pakistan Post. The government has completed preparations for its implementation.

Pakistan Post has decided to start the process of closing general savings accounts and special savings accounts in post offices across the country from Monday, January 4, while on January 15, these two savings accounts will be closed completely.

In this regard, in the first phase, the Ministry of Communications will close the accounts which have an amount of Rs 100 to Rs 500 and no transaction for the last one year from January 15.

This decision will close 50,000 savings accounts across Pakistan. Messages have been issued by the post office to all such savings account holders.

Remember that after this the post office will also transfer the pension system to the banks in phases.

#3 Pakistan’s economy showed resilience and stability in 2020, says Asian Development Bank

The Asian Development Bank (ADB) has said that Pakistan’s economy has shown resilience and stability in the year 2020. This was stated by the Country Director of the Asian Development Bank in Pakistan, Xiaohang Yong, in his New Year’s message.

The Asian Development Bank (ADB) was one of the first multilateral development partners to address the global epidemic of COD 19, providing Pakistan with safety equipment, medicine and other assistance to combat the epidemic.

He said that the issue of co-operation with Pakistan in the supply of Corona virus vaccine was also being discussed. The Asian Development Bank (ADB) is committed to cooperating with Pakistan in its quest for economic recovery through growth, stability, resilience and job creation. He congratulated the people of Pakistan on the occasion of the New Year and wished them well. Expressed good wishes and wishes.

Also checkout : Top 3 Positive News Updates Of Pakistan[02 Jan 2021]

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