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Aurangzeb briefs ADB chief on Pakistan’s improving economic indicators – SUCH TV

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Aurangzeb briefs ADB chief on Pakistan’s improving economic indicators – SUCH TV



Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held detailed talks with Asian Development Bank (ADB) President Masato Kanda in Davos on the sidelines of the World Economic Forum on Wednesday.

The meeting focused on Pakistan’s economic reform agenda, macroeconomic stabilization, and strengthening the long-standing development partnership between Pakistan and the Asian Development Bank.

The finance minister highlighted Pakistan’s improving economic indicators, including declining inflation, easing policy rates, strengthening foreign exchange reserves, and growing investor confidence.

He briefed the ADB president on progress in structural reforms, particularly privatization and private sector participation, and emphasized the government’s commitment to sustaining reform momentum under the Prime Minister’s leadership.

Both sides discussed cooperation in key areas including energy sector reforms, sustainable development, and access to international capital markets.

The ADB president welcomed Pakistan’s progress, expressed confidence in the country’s economic direction, and reaffirmed ADB’s strong commitment to supporting Pakistan through continued engagement, faster delivery, and close coordination.

Meeting with Menzies Aviation chief

Senator Aurangzeb also held talks with Hassan El Houry, Chairperson of Menzies Aviation, in Davos to discuss opportunities for enhancing cooperation in Pakistan’s aviation sector.

The finance minister shared the government’s reform and privatization agenda, including progress related to Pakistan International Airlines (PIA) and plans to outsource operations at major airports in Islamabad, Karachi, and Lahore.

He noted that Pakistan’s economy is moving in a positive direction, creating a conducive environment for private sector investment and international partnerships.

Hassan El Houry briefed the minister on Menzies Aviation’s global operations and experience in airport services worldwide, and identified Pakistan as a promising destination for aviation-related investment.

He highlighted Sialkot’s strategic importance in aviation and logistics and expressed interest in expanding Menzies Aviation’s engagement in Pakistan.

Both sides also discussed ways to improve airport service quality, operational efficiency, and passenger experience.



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Banks to report all related party forex derivative transactions: RBI – The Times of India

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Banks to report all related party forex derivative transactions: RBI – The Times of India


Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.



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Renters’ Rights Act: My tenant owes £15,000 in rent, but I can’t get them out of the property

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Renters’ Rights Act: My tenant owes £15,000 in rent, but I can’t get them out of the property


Currently, under a so-called Section 21 notice, a landlord can evict a tenant without giving a reason – and with just eight weeks’ notice. The new legislation will restrict landlords to a handful of legal reasons for evictions, including wanting to move back in, anti-social behaviour by tenants or persistent rent arrears.



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‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’

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‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’



Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.



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