Prime Minister Muhammad Shehbaz Sharif on Friday congratulated the nation on the record increase in foreign remittances in December 2024, saying the claims of those who were chanting to halt the country’s economy have been proven to be baseless. Foreign remittances increased during December 2024 to $3.1 billion compared to November 2024, recording a monthly … Read more
The Pakistan Business Council (PBC) has highlighted five critical challenges that the government must address to maintain the economic stability achieved in 2024. In a statement shared on social media platform X, the People’s Bank of China spoke about the country’s economic trajectory and stressed the need for reforms and prudent fiscal policies. The Council … Read more
Prime Minister Shehbaz Sharif on Tuesday unveiled “Uran Pakistan: Domestic National Economic Plan 2024-2029”, which aims to address the economic challenges faced by Pakistan through a targeted framework called “The Five”: Exports, e-Pakistan, Equality and Empowerment, Environment and Equality. . Food security, energy and infrastructure. Speaking at the launch ceremony in Islamabad, Prime Minister Shehbaz … Read more
Pakistan narrowly avoided a sovereign debt default in 2024 and succeeded in securing relative economic stability through an International Monetary Fund bailout, a report said. However, the year brought increasing challenges, including higher taxes and an economic recession, which left the wage-working class under enormous pressure. The government’s decision, under IMF terms, to raise the … Read more
Pakistan narrowly avoided a sovereign debt default in 2024 and succeeded in securing relative economic stability through an International Monetary Fund bailout, a report said. However, the year brought increasing challenges, including higher taxes and an economic recession, which left the wage-working class under enormous pressure. The government’s decision, under IMF terms, to raise the … Read more
Islamabad: Pakistan’s telecommunications industry faced significant setbacks in foreign direct investment (FDI), contributions to the national exchequer, and overall investments during fiscal year 2023-2024, highlighting the broader economic challenges facing the country. According to the annual report released by the Pakistan Telecommunication Authority (PTA) on Monday, foreign direct investment in the sector fell by 21% … Read more
The Sindh government is developing two special economic zones in Karachi to facilitate Chinese investors setting up various industries in collaboration with local businessmen. This was stated by Syed Nasir Hussain Shah, Minister of Energy, Regional Planning and Development, on Saturday. Speaking as the chief guest on Saturday at the 10th International Beauty, Fitness and … Read more
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ehsan Iqbal, has announced plans to upgrade the China-Pakistan Economic Corridor to its second phase, with a focus on growth, innovation, sustainability, livelihoods and regional connectivity. A symposium is scheduled to be held in Beijing from December 17 to 30 to clarify the scope and implementation … Read more
The Ministry of Planning, Development and Special Initiatives informed the National Assembly that 43 projects worth $24.703 billion have been completed under the China-Pakistan Economic Corridor (CPEC), while eight projects worth $759.56 million are currently being implemented. In response to a question from Tahira Aurangzeb during the Question Hour, officials from the Planning Ministry highlighted … Read more
KarachiA $1 billion medical city could become a reality at the Dhabiji Special Economic Zone (SEZ) in Thatta, Sindh, as a high-level Chinese trade delegation has expressed keen interest in the ambitious project, according to the Sindh government. The announcement came during a visit by a 12-member delegation of leading Chinese companies to the Dabeiji … Read more