Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan’s commitment to becoming the next major tech destination in light of $700 million pledged in foreign investment in the IT sector at the Digital Foreign Direct Investment (DFDI) conference in Islamabad. Delegates from around 45 countries arrived in Islamabad to participate in the DFDI conference, the first-ever DFDI conference held in
Prime Minister Shehbaz Sharif on Tuesday hailed what he described as around $700 million in new foreign investment pledges in the information technology sector, urging international stakeholders to continue supporting Pakistan’s journey as it is ready to lead the global digital economy. Addressing the Digital Foreign Direct Investment (DFDI-2025) conference, PM Shehbaz declared: “Pakistan is no
Bears took control of the trade floor on Monday as shares at the Pakistan Stock Exchange (PSX) reversed their short-lived gains in intraday trade, declining more than 1,400 points after a week of volatility due to heightened tensions between Pakistan and India. The benchmark KSE-100 index climbed by 941.79 points, or 0.82 per cent, to stand at 116,411.13 from the previous close of 115,469.34 at
In late March 2025, the Pakistan Bureau of Statistics released the country’s economic growth figures for the second quarter (October-December) of FY25. The data painted a worrying picture: the agriculture sector grew by just 1.1 per cent. The first quarter was even worse, barely registering a growth rate of 0.74pc (revised figure). That is a massive fall from FY24, when agriculture posted a robust
Once a rising economic power in South Asia, Pakistan now finds itself at the bottom of the regional ladder. Fifty years ago, the average Pakistani had a higher income than his South Asian peers. Today, he earns about half as much. What went wrong, and what must be done to turn things around? The roots of Pakistan’s economic troubles go back decades. A booming population and poor economic manage