Only three countries withdrew nearly $1 billion from Pakistan’s treasury bills during the current financial year, with outflows almost matching total inflows. The near-parity between incoming and outgoing investment highlights growing investor caution despite relatively attractive returns. Efforts by the government to attract foreign investment have yielded limited results. Despite offering hig
A US delegation headed by Eric Meyer, the senior official overseeing the Bureau of South and Central Asian Affairs at the State Department, will visit Islamabad from April 8-10, 2025, to advance US interests in the critical minerals sector at an investment forum. The Oil and Gas Development Company Limited (OGDCL) in collaboration with the Government of Pakistan and strategic partners, is set t
The power supply to all three districts of Makran, including Gwadar, Turbat and Panjgur, was restored on Sunday after 24 hours of blackout. The power breakdown plunged the entire division into complete darkness after power supply from Iran via two 132kV transmission lines was suspended. Pakistan imports electricity from Iran under long-term contracts to meet electricity demand in the coastal
More than 50 countries have reached out to the White House to begin trade talks, a top economic adviser to US President Donald Trump said on Sunday as US officials sought to defend sweeping new tariffs that have unleashed global turmoil. During an interview on ABC News’ ‘This Week,’ US National Economic Council Director Kevin Hassett denied that the tariffs were part of a strategy by Trump to c
The Pakistan Petroleum Limited (PPL) is set to initiate the process to contain and extinguish a mysterious huge fire that erupted last month during drilling for a borehole in Korangi Creek near an oil refinery after a report of the chemical analysis of groundwater and soil samples shows the presence of gases like benzene and toluene and minerals like iron and magnesium in much higher concentration