As Eid al-Adha approaches, sacrificial animal prices across Pakistan have surged sharply, adding further pressure on families already struggling with rising inflation and increasing living costs. Buyers visiting cattle markets in Karachi, Lahore, Rawalpindi, and Peshawar are expressing concern over unusually high prices for goats, sheep, cows, and camels. According to market traders, the price...
Tag: pakistan economy
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PM Shehbaz Highlights Agriculture, IT and Minerals as Future of Pakistan-China Partnership
Prime Minister Shehbaz Sharif has highlighted agriculture, information technology, special economic zones (SEZs), and mines and minerals as the most promising sectors for future cooperation between Pakistan and China during his official visit to China. Addressing the Pakistan-China Business-to-Business Investment Conference in Hangzhou, the premier urged Chinese investors to explore long-term partnerships under the second...
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Pakistan Reopens Offshore Oil Exploration After 20 Years in Major Energy Push
Pakistan has officially reopened its offshore oil and gas exploration frontier after nearly 20 years, marking a significant step toward reducing dependence on imported fuel and strengthening long-term energy security. The government signed Production Sharing Agreements (PSAs) and exploration licenses for 23 offshore blocks under the Offshore Bid Round 2025. The newly awarded exploration blocks...
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PSX rallies strongly as KSE-100 index gains over 1,000 points
The Pakistan Stock Exchange (PSX) staged a strong recovery on Monday as the benchmark KSE-100 index surged by more than 1,000 points during trading, reflecting renewed investor confidence and improved market sentiment. The rally was driven by aggressive buying in key sectors, including banking, cement, oil and gas, and power generation. Market analysts said investors...
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Pakistan’s fish exports cross $500 million milestone for first time
Pakistan’s fish and seafood exports have crossed the $500 million mark for the first time in the country’s history, marking a major achievement for the maritime and fisheries sector. Officials credited the milestone to reforms, improved quality standards, and expansion into new international markets. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said the...
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AIIB to provide $320 million loan for N-5 highway reconstruction in Pakistan
The Asian Infrastructure Investment Bank (AIIB) is set to provide a $320 million loan for the reconstruction and rehabilitation of Pakistan’s National Highway-5 (N-5), one of the country’s most important, longest and oldest transport corridors, spanning 1,819 km from Karachi, Sindh, to the Torkham border crossing with Afghanistan in Khyber Pakhtunkhwa. The project aims to...
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PM Shehbaz vows to turn Pakistan into economic power, citing its nuclear journey as inspiration
Prime Minister Shehbaz Sharif has pledged to transform Pakistan into a strong economic power, saying the country can achieve economic success with the same unity and determination that led to its nuclear capability. In his remarks, the premier said Pakistan’s historic nuclear journey demonstrated how national resolve and strategic vision could help the country overcome...
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Gwadar Port gains strategic importance amid Strait of Hormuz crisis
Gwadar Port is rapidly gaining strategic and economic importance as tensions in the Strait of Hormuz continue to disrupt regional shipping routes and global energy trade. Officials and analysts believe the port could serve as a safer alternative corridor for trade and logistics during the ongoing crisis. According to Gwadar Port Authority Chairman Noorul Haq...
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Govt approves Rs4.4bn to clear PIA retirees’ dues
The federal government has approved Rs4.4 billion to clear pending pension and medical dues of retired employees of Pakistan International Airlines (PIA), providing relief to hundreds of former staff. The decision was taken during a meeting of the Economic Coordination Committee (ECC) chaired by Finance Minister Muhammad Aurangzeb. The allocation is part of a...