The government is close to finalising the National Minerals Harmonisation Framework 2025, a key initiative aimed at attracting investment in the mineral sector. All provinces, Azad Jammu and Kashmir and Gilgit-Baltistan are to adopt the policy by February 26 this year. It will also be unveiled at the Pakistan Critical Minerals Summit, planned for April 9. Saudi Arabia has already expressed i
Tech strategists and professionals are calling for the enhancement of Pakistan's local Information Technology (IT) landscape, with an eye on leveraging the tech revolution being witnessed in the United Arab Emirates (UAE), Saudi Arabia, and Qatar. These countries are experiencing the return of the Bayt Al-Hikma (House of Wisdom) from the Islamic Golden Age, following the fall of Baghdad in 1258 wh
On the eve of the Kashmir Day holiday, the stock market remained under institutional selling pressure amid a lack of positive triggers and uncertainty on the economic front, dragging the benchmark KSE 100 index below 112,000, extending the losing streak to a fourth consecutive session on Tuesday. Ali Najib, Head of Sales at Insight Securities, said bulls came with a bang globally after Mr Trump
The National Assembly Standing Committee on IT and Telecom was informed on Tuesday that two companies have applied to provide satellite internet services in Pakistan, and the relevant space regulator is examining their requests. Briefing the committee, Pakistan Telecom Authority Chairman retired Maj Gen Hafeezur Rehman said that Starlink had applied for an operating licence in 2022, while Shang
The State Bank of Pakistan (SBP) purchased about $3.8 billion from banks in the first four months of the current fiscal year to improve its foreign exchange reserves and repay some foreign debt. Bankers said the unexpectedly higher remittances provided enough liquidity in the inter-bank market, encouraging the central bank to buy dollars. “Between June and October 2024, the SBP’s net foreign