Barrick Mining Corporation, a leading global mining, exploration and development company, has announced to slow development activity at its flagship Reko Diq copper-gold project in Pakistan, citing escalating security concerns and rising risks in the region, while reaffirming its long-term commitment to the multibillion-dollar venture. Providing an update on the status of the Reko Diq project,
Pakistan’s dependency on limited submarine cable landing stations and Internet Exchange Points (IXPs) is emerging as a critical national vulnerability, significantly heightening exposure to large-scale Distributed Denial of Service (DDoS) disruptions. This has been revealed in the ‘Guidelines for Mitigation of Distributed Denial of Service (DDoS) Attacks’ released by the Pakistan Telecommunicat
Pakistan Chemicals & Dyes Merchants Association (PCDMA) Chairman Salim Valimuhammad has said that the Karachi Port is witnessing an unprecedented increase in transshipment activity, describing the development as a significant opportunity for our trade and logistics sector. He said disruptions in shipping operations in Dubai, coupled with ongoing regional tensions, had led several international
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the United States Chargé d’Affaires to Pakistan, Natalie Baker on Thursday. During the meeting, both sides held a comprehensive exchange on Pakistan-US bilateral relations, ongoing economic developments, and avenues for enhanced cooperation in trade, investment, and energy. Natalie Baker highlighted a r
The Pakistan Textile Council (PTC) urged the State Bank of Pakistan (SBP) to ensure adequate and timely flow of credit to the export sector and industry. In a letter addressed to the SBP Governor, PTC Chairman Fawad Anwar highlighted the severe working capital constraints currently facing exporters and the wider business community. According to PTC, ongoing geopolitical developments and pers