Month: December 2024

Pakistan PM Unveils 5-Year Economic Plan, Urges Unity

Pakistan Prime Minister, Muhammad Shehbaz Sharif, on Tuesday launched a five-year economic plan, titled “Uraan Pakistan,” aimed at achieving sustainable, export-led economic growth. The plan is based on what the government has termed the “5Es”: exports, e-Pakistan, environment, energy, and equity and empowerment. Speaking at the launch ceremony, Sharif stated…

Egypt’s GDP Growth Reaches 3.5% in Q1 FY2024/25

Egypt’s economy experienced a 3.5% growth in the first quarter (Q1) of the FY2024/25, according to the Ministry of Planning, Economic Development, and International Cooperation. This marks an increase from the 2.7% GDP growth recorded during the same quarter of the previous FY. The ministry’s quarterly update on Egypt’s economic…

CBE extends exemption for individuals on transfer fees via InstaPay

The Board of Directors of the Central Bank of Egypt issued several decisions that include extending the exemption of customers from all expenses and commissions related to bank transfer services for individuals, done through Internet and mobile banking in pounds, and extending the exemption from all expenses and commissions related…

Egyptian Parliament approves $131m AfDB budget support deal

The Egyptian House of Representatives has approved an agreement with the African Development Bank (AfDB) for $131m to finance the first phase of the Private Sector Development and Economic Diversification Program, a component of the country’s general state budget support. The decision, President No. 383 of 2024, was ratified during…
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