Significant relief in electricity prices is anticipated as the government has made progress in negotiations with Independent Power Producers (IPPs) regarding tariff reductions, according to sources. On Sunday, Federal Minister...
The government is exploring a new steel mill project in Karachi with Russian collaboration. Both nations have agreed to create working groups to advance the initiative. On Wednesday, Russian Deputy...
In a significant development for Pakistan’s maritime sector, the world’s largest shipping company, Maersk Shipping Line, has officially partnered with Secure Logistics, a Pakistani company, marking a first in Maersk’s...
Two major Chinese companies plan to build textile raw material plants in Pakistan with support from the Special Investment Facilitation Council (SIFC). Rainbow Industries Ltd. will partner with Shaoxing Chemical...
The Asian Development Bank (ADB) has confirmed its commitment to providing Pakistan with $2 billion in new loans each year, following a recent visit by ADB President Masatsugu Asakawa. This...
Mobilink Bank, a leading digital microfinance institution in Pakistan, has earned the distinguished title of ‘Best Digital Banking Services’ in the Microfinance Category at the 21st Annual Excellence Awards hosted...
The Power Division has temporarily paused its plan to adjust the net metering tariff, following strong public opposition due to the recent increase in electricity prices. Originally, Prime Minister Shehbaz...
The tax gap in Pakistan has surged to an alarming Rs7 trillion for the fiscal year 2024, marking a dramatic increase from Rs1.289 trillion in FY22. This substantial rise underscores...
In a major development for the renewable energy sector, solar panel prices have plummeted nationwide as of Friday, marking a significant reduction in costs for systems ranging between 5 and...
The Pakistani aviation sector is poised for significant growth with several new airlines preparing to launch operations. This development is expected to not only enhance competition but also provide a...