Saudi Arabia Mining Minister Bandar Alkhorayef has announced that Manara Minerals is considering an investment in Pakistan Reko Diq mine. The Saudi Development Fund (SDF) may contribute over 100 million dollars to improve Pakistan mining infrastructure.
Alkhorayef highlighted the Read More...
The State Bank of Pakistan raised Rs384.7 billion in its latest Pakistan Investment Bonds auction held on January 15, 2025, surpassing the target of Rs350 billion.
Investor participation was strong, with total bids reaching Rs1,568 billion. Despite high demand, cut-off yields across Read More...
Pakistan is set to introduce a $250 million Green Impact Fund to attract international climate financing and support green micro and small enterprises (MSMEs). This initiative aims to tackle climate challenges while driving economic growth.
The proposal, developed by Karandaaz, a Read More...
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has introduced a detailed economic roadmap under the Uraan Pakistan initiative, targeting an export increase to $60 billion. Speaking at a meeting with commercial bank presidents at the State Bank of Pakistan Read More...
The Federal Cabinet has approved a comprehensive overhaul of entities under the Ministry of Commerce as part of the second phase of the federal rightsizing program. This restructuring aims to improve efficiency, reduce redundancy, and align the ministry's functions with national goals.
The Read More...
The Pakistan Textile Council (PTC) has called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb to implement immediate policy reforms to prevent the collapse of the textile industry.
In a letter addressed to the minister, PTC Chairman Fawad Anwar warned that the Read More...
Pakistan's overseas workers’ remittances have exceeded export earnings during the first half of fiscal year 2024-25, signaling a shift in foreign exchange inflows despite the government's efforts to boost exports.
According to data from the State Bank of Pakistan (SBP), remittances reached Read More...
Punjab Minister for Minerals, Sardar Sher Ali Gorchani, has announced the discovery of 2.8 million tola gold in a 32-kilometer-wide area of Attock, with an estimated value between Rs600-700 billion in the global market.
This exciting revelation comes as the Punjab government collaborates Read More...
Mitchell’s Fruit Farms Limited (MFFL) has announced that its majority shareholders, Syeda Maimanat Mohsin and Syeda Matamat Ghaffar, holding 40.63%, have requested the company to allow CCL Holdings (Pvt) Limited to conduct due diligence.
This move follows CCL Holdings, a subsidiary of CCL Read More...
Inefficiencies in Pakistan's power distribution companies (Discos) are contributing significantly to the country's circular debt, which has now reached Rs2.467 trillion. Despite claims of a 92.44% recovery rate, Discos are adding Rs50 billion monthly to the circular debt.
The latest data Read More...
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