The Asian Development Bank (ADB) signed an agreement on Wednesday to provide $86.2 million in financing to a waste-based aviation fuel-producing plant in Sheikhupura. In a statement, the ADB said it signed with SAFCO Venture Holding Ltd “a landmark $86.2m financial package to finance the construction and operation of a sustainable aviation fuel (SAF) facility in Sheikhupura — the first private
Planning Minister Ahsan Iqbal on Tuesday emphasised the critical role of Islamic finance in driving sustainable economic growth and addressing global challenges such as climate change. He was speaking as the chief guest at the 4th World Islamic Finance Forum, organised by the Institute of Business Administration (IBA), which brought together experts to explore the theme, “Islamic Finance, Innov
The Minister for Privatisation, Investment and Communications, Abdul Aleem Khan, has hinted at the construction of Hyderabad-Sukkur Motorway and Karachi-Hyderabad Motorway under the Public-Private Partnership (PPP) mode. “There is no doubt that many highway construction projects are of great interest to private investment for which the National Highway Authority must definitely put its effor
Prime Minister Shehbaz Sharif returned home on Wednesday after completing the two-day official visit to Saudi Arabia which Information Minister Attaullah Tarar termed successful, saying it would lead to the progress of the country. According to the Prime Minister’s Office, the prime minister returned to the country after attending One Water Summit in Riyadh where he had proposed a six-point age
The American Business Council (ABC) has urged the government to create a supportive business environment. An ABC delegation comprising representatives from nine leading US companies with operations in Pakistan met Commerce Minister Jam Kamal on Wednesday to discuss mutual issues concerning the business environment. An official announcement from the commerce ministry said that the meeting foc