ISLAMABAD: Eleven climate and clean energy startups have graduated from the inaugural cohort of Climate Innovation Pakistan (CLIP), a joint national platform by Renewables First and New Energy Nexus, according to a statement issued on Friday. The 12-week incubator programme provides capacity building, tailored mentorship, investor access and regulatory guidance. Unlike traditional entrepreneurship programmes, CLIP…
Minister stresses GSP Plus scheme as cornerstone for export growth, textile sector ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with European Union (EU) Ambassador Raimundas Karoblis to discuss strengthening Pakistan-European Union economic relations, with a particular focus on the upcoming Pakistan-EU Business Forum scheduled for April 28-29, 2026, in Islamabad,…
Pakistan’s finance ministry had projected inflation would remain within a 5% to 6% range in January. PHOTO:FILE KARACHI: Pakistan’s weekly inflation surged to a 75-week high, with the Sensitive Price Indicator (SPI) rising 12.16% year-on-year (YoY) for the week ended April 16, 2026, signalling intense price pressure despite a temporary week-on-week (WoW) decline, according to…
ISLAMABAD: Pakistan has tapped a $300 million Russian seafood market with approval of 16 local processing plants for export of their products. Russian seafood imports are estimated at around $3 billion and now Pakistan can make inroads into this vast market. At present, Pakistan’s overall seafood exports stand close to $500 million per annum, which…
Prime Minister Shehbaz Sharif on Friday approved a reduction in the price of high-speed diesel by Rs32.12 per litre to bring the rate down to Rs353.43 per litre. According to a statement from the Prime Minister’s Office, the approval was part of a decision aimed at providing relief to the public. The government has decided…
IEA says outlook hinges on Europe replacing Middle East supply, source of 75% of jet fuel imports آirlines are working to secure alternative supply routes, but stressed that governments must also prepare contingency plans in case fuel rationing becomes necessary. PHOTO: PIXABAY The International Air Transport Association (IATA) warned on Friday that Europe could see…
Pakistan's foreign exchange reserves held by the central bank decreased $1.321 billion during the week ended April 10, 2026 as the country repaid $1.426 billion to investors following maturity of Eurobonds in the international market. According to data released by the State Bank of Pakistan (SBP) on Thursday, Pakistan's total liquid foreign currency reserves reached…
Gold prices declined after a three-day upward trend in both global and domestic markets on Friday. In the international bullion market, the price of gold fell by $33 per ounce, bringing it down to $4,792 per ounce. Following global trends, local bullion markets also recorded a decline, with the price of 24-carat gold per tola…
ISLAMABAD: Prime Minister Shehbaz Sharif has directed a relaxation in the honorarium policy to enable him and the President of Pakistan to grant as many performance honoraria as they deem appropriate to employees of the two highest offices of the country due to their “unique nature of work”. The instructions have been issued in the…
Says Pakistan ready for inaugural Panda Bond alongside exploring other financing avenues ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb appeared on “Mornings with Maria” on the Fox Business Network during the IMF-World Bank Spring Meetings 2026, where he highlighted Pakistan’s economic outlook and its role in diplomatic efforts in the region. Responding to a query,…