Telenor Group has voiced concerns about the ongoing delays in selling its local operations to Pakistan Telecommunication Company Ltd (PTCL), stating that these delays have resulted in a continuous decline in Telenor Pakistan’s customer base. In the first quarter report of the current calendar year, released in Norway, Telenor International stated that obtaining the necessary regulatory approval
The Pakistan Textile Exporters Association (PTEA) has urged the government to rectify anomalies in the industrial electricity tariff, which will penalise large industries investing in high-voltage infrastructure. The demand came from the association when the country’s textile exports have slowed down in the past few months owing to structural changes and the high cost of energy. In a sta
The government is finalising a plan to introduce a subsidised housing scheme for the lower-income class and mortgage facilities for the middle class with the involvement of commercial banks, starting with government-sponsored 200,000 low-cost housing units. Prime Minister Shehbaz Sharif is expected to formally announce the scheme to revive the housing and construction sector, which is passing t
Pakistan paid over $3.8 billion in external debt servicing in the third quarter of the current fiscal year (FY25), including $1.263bn as interest, the State Bank reported on Monday. In 2025, Pakistan’s external debt servicing amounted to $26bn and initially appeared to be a very difficult task; however, the government has come close to achieving the target. The SBP data showed that Pakistan
Saudi Arabia on Tuesday promised billions of dollars in deals with the United States, from defence to artificial intelligence, as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. The Saudis escorted Air Force One into the kingdom with fighter jets before bringing out long-stretching guards of honour and sending flag-waving cavalry to accompany Tr
