Pakistan: Reserves climb to $21.7b
Gold crashes from Rs24,300 to Rs499,462 per tola amid global sell-off The central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by…
Government of Pakistan to review tax relief for hybrid EVs
Industry players point to proposals to increase sales tax on HEVs and PHEVs from 8.5% to 18% An expert said that hybrid vehicles would help Pakistan in reducing oil import…
CPEC 2.0 to prioritise industry, agriculture, and mining, says Chinese envoy
The next phase of CPEC will focus on industry, agriculture and mining, with China’s envoy stressing language skills as essential to unlocking trade and investment potential. The next phase of…
Pakistani egg processor advances expansion with new facility
Barkat Frisian Agro Limited has moved closer to scaling up operations, completing the trial run of its Faisalabad plant while pushing ahead with new production and backward integration initiatives. The…
Islamabad to get bike lanes and pedestrian paths alongside a crackdown on encroachments
Islamabad is set to receive dedicated bike lanes and pedestrian paths as part of a new initiative that also includes a renewed crackdown on illegal encroachments in the federal capital.…
ADB to provide $10bn in financing to Pakistan under new 5-year strategy
The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years under its 2026-30 Country Partnership Strategy (CPS2026-30) launched on…