Category: National

FATF provides new six-point action plan to Pakistan

The Financial Action Task Force (FATF) kept Pakistan on its grey list despite it meeting 26 of the 27 conditions. However, it was given a new six-point action plan. The decision was announced following the close of the FATF’s five-day virtual plenary meeting, which was presided over by Germany’s Marcus Pleyer.

Islamabad and Karachi ranks amongst world’s cheapest cities in 2021 for expatriates

Pakistan’s federal capital Islamabad and Karachi were ranked among the world’s cheapest cities for expatriates in 2021. Islamabad is ranked the eleventh cheapest city worldwide, while Karachi has been ranked the ninth cheapest city. Moreover, the 27th annual Cost of Living Survey of Mercer, an American asset management firm, evaluated data from 209 major cities across five continents.

Govt is planning to promote Kotli Sattian as a tourist destination

Pakistan’s government is examining new plans to turn Kotli Sattian into a tourist destination. The Kotli Sattian may be offered to tourists as an alternative to Murree. The provincial government is identifying various tourism sites in the region. Moreover, this project includes the construction of a tourism highway connecting Lower Topa, Murree, with Chowk Pindori via Bostanabad.

Facebook SheMeansBusiness in Pakistan provides financial education to women-led businesses

Facebook is expanding its SheMeansBusiness initiative to the Pakistani market in order to boost financial inclusion and resiliency for women-led businesses. The new component of Small and Medium Enterprise Activity (SMEA), “Business Resilience through Financial Education (BRFE)” aims to enhance women-owned small businesses’ resilience and sustainability. SheMeansBusiness is active in 21 countries around the world, including Pakistan.