Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions - South and Central Asia. Sources told
The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender's growing influence over the country's economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ to promote copper exports f
The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers' money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria and despite the fact that social sector
On the eve of a crucial monetary policy decision for the next two months, the stock market faltered on renewed fears of political uncertainty and a new IMF condition, pushing the KSE index below 79,000 amid aggressive foreign selling on Wednesday. Ahsan Mehanti of Arif Habib Corporation said stocks closed sharply lower on political uncertainty and cautious activity ahead of the State Bank of Pa
PAKISTAN’S battle against climate change cannot be fought without support from the private sector. The private sector and the government in Pakistan have dramatically different ways of working. Yet, they, like two sides of the same coin, coexist and can create an ecosystem for each other’s climate action. Pakistan’s financial needs for climate action are very high. Projected climate disasters,