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 […]
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, […]
CM Maryam Nawaz Approves Establishment of Punjab Heritage Tourism Authority
Punjab Chief Minister Maryam Nawaz Sharif has given formal approval for the establishment of the Punjab Heritage Tourism Authority, a major step toward promoting cultural preservation and tourism development across the province. According to reports from 24NewsHD, following the Chief Minister’s approval, the summary will now be forwarded to the provincial cabinet for final endorsement. […]
Saudi Arabia in Talks with US for Defence Pact: Report
Saudi Arabia is reportedly engaged in high-level discussions with the United States to finalise a defence pact that could be signed during Crown Prince Mohammed bin Salman’s upcoming visit to the White House next month, according to a report by the Financial Times. Citing individuals familiar with the matter, the report states that both sides […]
Pakistan, IMF Reach Staff-Level Agreement Worth $3.3 Billion Under EFF and RSF
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), a major step signaling renewed confidence in Pakistan’s economic management and reform progress. The agreement covers the second review of the EFF and the first review of the RSF, with […]