Prime Minister Muhammad Shehbaz Sharif reaffirmed the government’s commitment to economic recovery through comprehensive reforms and a merit-based system during his address at the “Uraan Pakistan Summer Scholars Program” on Saturday. Congratulating the students, whom he called a “galaxy of stars,” he praised Ahsan Iqbal for launching the initiative, expressing confidence that participants would gain...
In a significant stride toward meeting Pakistan’s energy demands and exploring domestic oil and gas reserves, Mari Energies Limited has entered into a pivotal partnership with Orient Petroleum Inc., securing stakes in three strategic hydrocarbon exploration blocks. The company formally notified the Pakistan Stock Exchange (PSX) of this development, highlighting its commitment to enhancing Pakistan’s...
Marking a significant step towards reviving Pakistan’s industrial sector, Pakistan and Russia have formalized an agreement to restore and modernize the long-dormant Pakistan Steel Mills (PSM) in Karachi. The protocol, signed on July 11, 2025, at the Pakistan Embassy in Moscow, signifies a renewed chapter in the historic industrial partnership between the two nations. The...
Pakistan’s automotive sector, which faced economic pressures and import restrictions in recent years, witnessed a remarkable recovery in June 2025, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). Car sales soared to 21,773 units, marking a 64% year-on-year (YoY) increase and a 47% month-on-month (MoM) rise, reaching the highest level since March...
Pakistan and Turkey have reaffirmed their commitment to boosting bilateral trade to $5 billion, during a high-level conference in Islamabad on July 9, 2025, as part of the seventh session of the Pakistan-Turkey High-Level Strategic Cooperation Council (HLSCC). The meeting, attended by Turkish Foreign Minister Hakan Fidan and Defense Minister Yaşar Güler alongside Pakistan’s Deputy...
Pakistan’s debt has reached a crushing Rs. 76,045 billion, sounding alarm bells for the economy, according to the latest State Bank of Pakistan (SBP) data. The combined domestic and external debt surged by 12.3% in a single year, rising from Rs. 67,733 billion in May 2024 to Rs. 76,045 billion by May 2025. A 1.5%...
Sindh Minister for Local Government and Chairman of the Greater Karachi Regional Plan 2047 Steering Committee, Saeed Ghani, has emphasized that Karachi currently lacks an approved master plan, leading to disorganization in the city. He stated that a master plan is a cornerstone for any city’s development, and the Greater Karachi Regional Plan 2047 will...
Gold prices in Pakistan have witnessed a significant surge, aligning with a sharp increase in the international market. The cost of 24-carat gold per tola skyrocketed by PKR 6,600, reaching an all-time high of PKR 356,800. Similarly, the price of 10 grams of gold rose by PKR 5,658, bringing it to PKR 305,898, reflecting strong...
The Pakistan Stock Exchange (PSX) concluded trading at an all-time high due to surging investor confidence amid positive economic and diplomatic developments. The new financial year kicked off with remarkable momentum, with the KSE-100 Index establishing two new records within a single day. During the trading session in Karachi, the KSE-100 Index soared by 2,844...
Pakistan Stock Exchange (PSX) achieved a historic milestone on the last day of the financial year 2024-25, backed by a combination of positive economic factors, including a new trade agreement with the United States, China’s debt rollover support, proactive government measures to address circular debt, and growing investor confidence. The benchmark KSE-100 Index soared to...