Pakistan and Denmark on Monday reaffirmed their commitment to boosting global trade competitiveness through a $2 billion partnership aimed at modernising Pakistan's maritime infrastructure, improving port operations, and promoting sustainable practices. The commitment was reiterated during a meeting between Federal Minister for Maritime Affairs Junaid Anwar Chaudhry and Danish Ambassador Jakob
Prime Minister Muhammad Shehbaz Sharif on Tuesday said it was essential to establish Pakistan as a reliable and effective economic corridor for transit trade in the region to ensure development of the national economy. The prime minister, in a meeting with Robert Maersk, Chairman of the Board of Directors of the global shipping company A P Moller – Maersk, welcomed the global shipping company's
In a significant development, Pakistan and Turkiye have agreed on forging cooperation in oil and gas exploration, which came on the sidelines of Pakistan Minerals Investment Forum 2025. Pakistan and Turkiye signed a joint bidding agreement, according to which they would jointly participate in offshore bidding round to be conducted by Islamabad. In February 2025, the government of Pakistan anno
The Competition Commission of Pakistan (CCP) is expected to grant approval to the merger of Telenor Pakistan with Pakistan Telecommunication Company Limited (PTCL) if its settlement option is accepted, which comes following intervention from the Special Investment Facilitation Council (SIFC). PTCL's merger application has been pending for the past almost one year as its management has yet to pr
The government on Tuesday fixed a new minimum sugar price for collecting sales tax, which will increase the per kilogram price by Rs10 to Rs15 while generating an additional Rs90 billion annually in taxes for authorities facing a yawning revenue shortfall. The Federal Board of Revenue (FBR) has issued a new statutory regulatory order (SRO) to revise the per kilogram sugar price for the purpose