Shehbaz Sharif on Sunday invited Chinese companies to relocate industries and establish joint ventures in Pakistan as businesses from both countries signed agreements and memorandums of understanding worth more than $7 billion during an investment conference in Hangzhou. The agreements covered sectors including information technology, telecom, battery energy storage systems, renewable energy, agriculture and manufacturing. […]
Pakistan Wants to Turn Precious Stones Into a Billion Dollar Industry
Economic Coordination Committee has approved a new national gemstone development policy aimed at unlocking billions of dollars worth of untapped mineral resources across Pakistan’s mountainous regions. The ECC on Tuesday cleared the “National Policy to Realize Pakistan’s Gemstone Potential 2026-2030,” a strategy designed to formalise the sector, modernise mining practices and increase exports through value […]
How Amazon Built an Empire Competitors Still Cannot Match
Amazon has become so deeply embedded in modern life that millions of consumers rely on the company not only for online shopping, but also for groceries, cloud computing, entertainment and digital services. The company recently overtook Walmart to become the world’s largest company by annual sales, underlining its growing influence across industries. From household essentials […]
Pakistan’s Tech Exports Jump 33% to $423 Million
Pakistan’s tech exports rose 33% year-on-year in April 2026, reaching $423 million as the country’s IT sector continued showing strong growth despite economic pressures and global uncertainty. New data released by the State Bank of Pakistan showed technology exports increased from $317 million in April last year. The latest figure also marked a 2.42% rise […]
Pakistan Lifts Business Hour Restrictions Ahead of Eidul Adha
Pakistan has lifted nationwide business-hour restrictions ahead of Eidul Adha after Prime Minister Shehbaz Sharif approved unrestricted operating hours for commercial centres until May 31. The decision allows shops, markets, restaurants and shopping malls across the country to remain open without fixed closing times during one of Pakistan’s busiest shopping seasons. According to a notification […]
SBP Expands Cashless Drive to 96 Cattle Markets Across Pakistan
State Bank of Pakistan (SBP) has launched a nationwide “Go Cashless” campaign for Eid-ul-Azha 2026 to promote digital payments in cattle markets and reduce dependence on cash transactions during one of Pakistan’s busiest seasonal trading periods. The central bank said the campaign forms part of its broader strategy to accelerate digitisation of Pakistan’s payment ecosystem […]
Pakistan Raises $250 Million Through Historic Panda Bond Launch
Pakistan on Thursday launched its first-ever Panda Bond in China’s onshore capital market. The move marked a major milestone in Islamabad’s efforts to diversify foreign financing and deepen economic ties with China. Adviser to the Finance Minister Khurram Schehzad announced the development in a statement on X. “The inaugural Panda Bond is a 3-year fixed-rate […]
Pakistan, IMF Review Budget Strategy as Govt Signals Tax Relief
Muhammad Aurangzeb briefed a visiting International Monetary Fund mission on Pakistan’s economic outlook, reform agenda and preparations for the upcoming federal budget as Islamabad works to sustain macroeconomic stability under its IMF-backed programme. According to a Finance Ministry statement issued on Wednesday, discussions focused on fiscal strategy, structural reforms and measures aimed at strengthening long-term […]
NBP Expands Digital Payment Push With Raast P2M Launch
National Bank of Pakistan (NBP) has received approval to launch Raast Person-to-Merchant acquiring services commercially. The move marks another step in Pakistan’s shift toward digital payments and a cashless economy. The approval allows NBP to begin full commercial operations under the Raast framework developed by the State Bank of Pakistan. NBP announced the development in […]
Islamabad Housing Scam Exposed: 36,000 Illegal Plot Files Under NAB Probe
Investigators probing the Islamabad Cooperative Housing Society (ICHS) scandal have uncovered what officials describe as one of Pakistan’s largest housing fraud cases, after discovering that thousands of plot files were allegedly issued without sufficient land backing them. According to sources familiar with the National Accountability Bureau (NAB) investigation, the housing society had approval for only […]