Pakistan is set to receive a significant financial boost from the World Bank, with over $2 billion in loans allocated for the fiscal year 2025-26 to fund a wide range of development projects. According to the Economic Affairs Division (EAD), this funding will drive progress in critical sectors, supporting Pakistan’s efforts to address economic and...
On August 29, 2025, India’s Commerce and Industry Minister Piyush Goyal declared that India will not “bow down” to U.S. pressure following the imposition of 50% tariffs on Indian goods. Speaking at a construction industry event in New Delhi, Goyal emphasized India’s resolve to counter the economic blow by capturing new global markets. The tariffs,...
On August 28, 2025, the National Incubation Center (NIC) Karachi, a premier hub for technological innovation, hosted an exclusive event to mark the launch of its 14th Cohort. Hosted at its facility within NED University of Engineering and Technology, the gathering welcomes media representatives, accomplished alumni, and key figures from Pakistan’s entrepreneurial ecosystem to celebrate...
Pakistan reels with a sharp hike in flour prices amidst growing inflation, with the cost of a 20-kilogram flour bag surging by up to Rs. 217 in just one week. A recent report from the Pakistan Bureau of Statistics (PBS) reveals significant price hikes in multiple cities, with Karachi and Islamabad residents bearing the brunt...
The International Monetary Fund (IMF) raised concerns about Pakistan’s beneficial ownership system on August 16, 2025, citing inadequate data sharing among institutions and weak measures to combat money laundering. The critique, part of the IMF’s governance and corruption diagnostic assessment, underscores gaps in Pakistan’s efforts to curb financial crimes and calls for urgent reforms. The...
Federal Minister for Planning and Development Ahsan Iqbal declared that Pakistanis pay among the world’s lowest taxes, emphasizing that robust tax revenues, exports, and foreign investment form the backbone of a strong economy. Speaking at a ceremony in Karachi, he outlined Pakistan’s journey from near economic collapse to emerging stability while identifying ongoing challenges. Iqbal...
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...