Power minister pitches $2.5b metering, transmission investment to Turkish investors ISLAMABAD: Pakistan has undertaken far-reaching structural reforms in its power sector, reducing distribution inefficiencies by more than 45% over the last two years, Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari said on Saturday. Addressing Turkish investors at the Pakistan-Turkiye Business Conference,…
SMEs, agriculture, housing finance on agenda as top officials, global experts gather in Karachi KARACHI: The Pakistan Banks Association (PBA) has announced the second edition of the Pakistan Banking Summit 2026, to be held on 7-8 July in Karachi, according to a statement issued on Saturday. The summit will bring together more than 1,200 participants,…
Foreign minister lists key sectors for investment, calls economic diplomacy vital to Pakistan-Turkiye ties Foreign Minister Ishaq Dar speaks at the Pakistan-Turkiye Business Conference on July 4, 2026. PHOTO: MOFA/X Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday said that Pakistan particularly seeks Turkish investment in key sectors including energy, mining, minerals, power infrastructure,…
LAHORE: The government has rolled out relief measures for the real estate sector to revive investment and restore market confidence, even as Pakistan faces an urgent need to shift from unchecked horizontal expansion of cities to vertical urban development, said Federal Parliamentary Secretary for Planning and Development Hafiz Mian Muhammad Nauman. Speaking at a seminar…
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said that Pakistan is prioritising port modernisation, the blue economy and environmental sustainability as part of wide-ranging reforms to transform the country’s maritime sector. During a meeting in Istanbul with Arsenio Dominguez, Secretary-General of the International Maritime Organisation (IMO), the minister briefed him on…
The industries’ ministry requested the ECC to authorise the Finance Division to approve the payment of a projected net salary of Rs351.73 million for FY 2025-26, which would be disbursed according to the PSM demand for each month. photo:file ISLAMABAD: The Economic Coordination Committee (ECC) has questioned the payment of salaries to Pakistan Steel Mills’…
KARACHI: The KSE-100 index maintained its bullish momentum on Friday, surging by a little over 850 points to close above 185,370, pushing its weekly gains to 3.2%. Strong performances in banking and oil & gas stocks, alongside positive macroeconomic cues including expectations of lower oil prices and the upcoming policy developments, lifted investor sentiment. Market…
ISLAMABAD: Pakistan has recorded a significant improvement in the International Telecommunication Union’s ICT Development Index 2026, jumping 27 places with a 20% increase in its score, according to an official statement issued on Friday. According to the latest data, Pakistan’s ICT Development Index score increased from 56.4 in 2025 to 67.7 in 2026, showing a…
Delegation shows interest in Silicon Village, Pakistan Steel Mills during BOI meeting ISLAMABAD: A UK-China fund has shown interest in establishing technology parks in Pakistan and investing in Pakistan Steel Mills, as the Board of Investment (BOI) held a high-level meeting with a delegation led by David Dai, Executive Director of Sino British Regional Development…
Though Pakistan and Uzbekistan enjoy historical, cultural and brotherly ties, the volume of bilateral trade remains far below the true potential. Trade between the two sides reached only $143 million in FY25. photo:file LAHORE: SM Tanveer, the FPCCI leader and Patron-in-Chief of the United Business Group (UBG), has expressed deep concern over the surge in…