ISLAMABAD: Pakistan’s pavilion for Expo 2020 Dubai was inaugurated on Sunday, the commerce ministry said, as construction works on the site have been completed.
Expo 2020 was originally scheduled to open in October 2020 but had to be postponed because of the coronavirus pandemic. It will start on Oct. 1, 2021 and run through March 31, 2022, expecting to see at least 25 million participants and visitors from all over the world.
In October 2018, Islamabad signed a participation contract with Expo 2020 authorities. Pakistan’s Expo 2020 pavilion was built with $14 million funding support from the United Arab Emirates in the Opportunity District of the exhibition area on 35,000 square feet.
The pavilion themed “Pakistan: The Hidden Treasure” was inaugurated by the Pakistani prime minister’s adviser on commerce and investment, Abdul Razak Dawood, Commerce Secretary Sualeh Farooqi, officials from the Trade Development Authority of Pakistan (TDAP), Pakistan’s consulate general in Dubai, as well as UAE government representatives.
“I would like to thank all the stakeholders who helped us in building this beautiful Pakistan Pavilion,” Dawood said, as Emirati officials handed over the pavilion to the Pakistani delegation.
“I would also like to appreciate the efforts of the Ministry of Commerce and the TDAP for their hard work. I would also like to thank the government of the UAE for their support and cooperation,” he said, as quoted in a statement by the ministry.
“It will serve as the hub of business opportunities and promoting our 7,000 years old culture,” Dawood said, as the ministry expects Expo 2020 to give the Pakistani business community “access to networking with the international market and investors.”
Pakistan inaugurates Expo 2020 pavilion in Dubai
https://arab.news/8mpcz
Pakistan inaugurates Expo 2020 pavilion in Dubai
- Pakistan’s Expo 2020 pavilion was built with $14 million funding support from the United Arab Emirates
- Expo 2020 in Dubai is expecting to see at least 25 million participants and visitors from all over the world
Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts
- Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
- Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December
KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate.
The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points.
Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, breaking a four-meeting hold in a move that surprised markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry.
“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News.
The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.
Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.
“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said.
Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”
“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.
