Germany has pledged over $131 million in new development assistance to support climate resilience and energy transition initiatives in Pakistan. The commitment was made during the latest round of bilateral development cooperation talks held in Islamabad, signaling a renewed partnership between the two countries in tackling climate and sustainability challenges. According to the agreement, the […]
Blue Economy to Prove Game-Changer for Pakistan: Aurangzeb
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday expressed optimism that the blue economy will emerge as a game-changer for Pakistan’s long-term economic growth and sustainability. Addressing the Pakistan International Maritime Expo & Conference (PIMEC) virtually at the Expo Centre Karachi, the finance minister said that the blue economy — encompassing fisheries, […]
Kuwait Signs $25 Million Loan Deal for Mohmand Dam Hydropower Project
Second tranche under $100 million commitment to support Pakistan’s key water and energy initiative Pakistan has signed a $25 million concessional loan agreement with the Kuwait Fund for Arab Economic Development (KFAED) to finance the Mohmand Dam Hydropower Project, giving another major boost to the country’s strategic water and energy infrastructure. The agreement, valued at […]
Internet Services Suspended Across Quetta Over Security Concerns
Balochistan government recommends temporary shutdown; grenade attack reported in Dera Murad Jamali Internet services were suspended across Quetta on Friday due to security concerns, following a recommendation by the Balochistan government, 24NewsHD TV Channel reported. According to official sources, the provincial Home Department requested the federal government to temporarily shut down mobile and broadband internet […]
Pakistan to Benefit from UN’s $250 Million Climate Adaptation Project
Pakistan is set to gain from a major $250 million global climate adaptation project recently approved by the United Nations’ Green Climate Fund (GCF). The initiative, to be implemented through the Asian Development Bank (ADB), aims to help vulnerable countries combat the impacts of melting glaciers, erratic rainfall, and rising climate threats. According to the […]
Pakistan Offers Bangladesh Access to Karachi Port for Regional Trade
In a landmark move to strengthen regional connectivity, Pakistan has offered Bangladesh access to the Karachi Port Trust, opening new routes for Dhaka to expand trade with China and Central Asian countries. The offer was extended during the 9th Pak-Bangladesh Joint Economic Commission (JEC) meeting held in Dhaka, marking the first such high-level engagement in […]
Saudi Arabia Extends $1 Billion Oil Facility, Rolls Over $5 Billion Deposits to Pakistan
Pakistan’s struggling economy received a major financial boost as Saudi Arabia renewed its long-standing economic support, extending a $1 billion oil facility and rolling over $5 billion in deposits placed with the State Bank of Pakistan (SBP), according to confirmation from the Finance Ministry. The extension underscores Riyadh’s continued commitment to Pakistan’s financial stability, especially […]
IMF Raises Concerns Over Pakistan’s Wheat Policy; Govt Clarifies No Fixed Support Price
The International Monetary Fund (IMF) has expressed concern over Pakistan’s newly approved wheat policy, which initially appeared to include a minimum support price (MSP) mechanism — a move the Fund viewed as potentially market-distorting. According to sources within the Ministry of National Food Security & Research, the IMF sought immediate clarification after the policy’s approval, […]
NEPRA to Hear CPPA’s Plea for 37-Paisa Cut in Power Tariff on October 29
In welcome news for electricity consumers across Pakistan — including Karachi — the Central Power Purchasing Agency (CPPA) has filed a request with the National Electric Power Regulatory Authority (NEPRA) seeking a reduction of 37 paisa per unit in power tariffs under the monthly fuel cost adjustment (FCA) mechanism for September 2025. According to official […]
Salaried Class Becomes Top Tax Contributor Once Again in First Quarter of FY 2025-26
The salaried class has once again emerged as the highest contributor to Pakistan’s income tax revenue during the first quarter of the ongoing fiscal year, according to figures shared by the Federal Board of Revenue (FBR). The contribution saw a substantial rise as compared to the same period last year, highlighting the growing tax burden […]