Despite regional tensions following the Pahalgam attack, delegates from around 45 countries have arrived in Islamabad to participate in the Digital Foreign Direct Investment (DFDI) conference, which is set to begin on Tuesday (today). Minister for Information Technology Shaza Fatima Khawaja expressed confidence that despite threats from India, the event would be a success. “The participants
The power sector’s circular debt touched Rs2.396 trillion at the end of the first three quarters (July-March) of the current fiscal year, showing a modest Rs2 billion increase since July 1, but almost Rs398bn lower compared to March 2024. A Power Division report on circular debt for the period ending March 2025 showed that payables to power producers increased by around Rs33bn to Rs1.633tr, up
The World Bank (WB) has recently approved additional financing for Pakistan, amounting to $108 million to execute two projects supporting access to social services, markets and jobs in Khyber Pakhtunkhwa (KP). The international lender also greenlit $78m in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP) along with $30m to Khyber Pakhtunkhwa Integrated Tourism Deve
The International Monetary Fund (IMF) Executive Board will meet on May 9 to discuss the country’s staff-level agreement for a new $1.3 billion arrangement under a climate resilience loan programme, along with the first review of Pakistan’s ongoing $7bn bailout programme, the global lender said. According to the Fund’s website, this will be the first “review under the Extended Arrangement Under
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