Prime Minister Shehbaz Sharif made history by inaugurating a Special Economic Zone (SEZ) in Islamabad today, developed by the Chinese textile giant Challenge Fashion Private Limited. This milestone event underscores the strengthening Pakistan-China economic partnership and aims to elevate Pakistan’s textile industry with a projected $400 million in exports. A $100 Million Investment Challenge Fashion...
Pakistanis may face higher fuel costs starting August 16, 2025, as the Oil and Gas Regulatory Authority (OGRA) prepares to submit a pricing summary to the federal government on August 15. Industry calculations suggest a Rs 1.32 per liter increase in petrol prices, pushing the rate from Rs 264.61 to Rs 265.93. Meanwhile, high-speed diesel...
Pakistan has revitalized its energy sector by restarting the Jamshoro Joint Venture Limited (JJVL) plant, a $250 million facility idle since 2020. Located in Deh Shah Bukhari, the plant leverages advanced U.S. technology to produce liquefied petroleum gas (LPG) and natural gas liquids (NGL), supplying gas to nearly 700,000 households. On July 17, 2025, Pakistan...
Pakistan’s federal government launched a bold initiative to privatize 24 state-owned enterprises (SOEs) in three phases, aiming to ease the financial strain on the national treasury. Federal Minister for Privatization Abdul Aleem Khan detailed the plan in the National Assembly on August 6, 2025, outlining a roadmap to transform the country’s economic landscape by offloading...
Pakistan’s meat export sector achieved a groundbreaking milestone as The Organic Meat Company (TOMCL) secured approval to directly supply meat to all Carrefour Supermarkets in the United Arab Emirates. Announced on August 7, 2025, this milestone, reported to the Pakistan Stock Exchange, strengthens Pakistan’s position in global food exports. TOMCL secured the contract with Majid...
On August 6, 2025, Transparency International Pakistan raised an urgent alarm over the soaring prices of medicines, exposing a troubling lack of transparency and weak enforcement of pharmaceutical policies. In a strongly worded letter to Federal Minister for National Health Services Syed Mustafa Kamal, the organization highlighted a staggering 3,000% to 4,000% price disparity for...
The Pakistan Stock Exchange (PSX) achieved a groundbreaking feat, smashing through the 145,000-point barrier for the first time in its history. The benchmark KSE-100 Index surged by 2,078 points, closing at an all-time high of 145,100. Just two days ago, on August 4, the KSE-100 Index crossed 142,000 points, driven by a landmark trade agreement...
U.S. President Donald Trump has lowered Pakistan’s import tariff rate to 19% from 29%, effective August 7, 2025, following a trade agreement finalized on July 31. The decision, announced via an executive order, comes a day after Trump hailed a “landmark energy partnership” with Pakistan to develop its oil reserves, signaling a new chapter in...
Gold prices across Pakistan saw a modest decline today, offering a small reprieve for buyers. The price of 24-carat gold per tola dropped by Rs. 100, settling at Rs. 352,900. Similarly, 10 grams of 24-carat gold fell by Rs. 86, now priced at Rs. 302,555. The price of 22-carat gold per tola also decreased by...
Petrol users can breathe a sigh of relief as the price per liter drops by Rs. 7.54, bringing it to Rs. 264.61. On July 31, 2025, Pakistan’s federal government rolled out the new revision in petroleum product prices, effective from August 1, 2025, to August 15, 2025. On the other hand, high-speed diesel (HSD) sees...