Federal Information Minister Attaullah Tarar on Wednesday said the privatisation of Pakistan International Airlines (PIA) marks the beginning of a journey to restore the national carrier’s lost glory and end years of financial strain on the public exchequer. Addressing a press conference in Islamabad alongside Adviser on Privatisation Muhammad Ali, Tarar termed the transaction a […]
Pakistan economy
Pakistan’s export strategy boosts investor confidence: Finance minister
Pakistan has entered a stable economic phase as export-led growth gains momentum, Finance Minister Muhammad Aurangzeb said. He said strong reforms restored global and local investor confidence. The shift marks a move away from crisis management toward sustainable growth. Speaking to USA Today, Aurangzeb said consistent policies rebuilt economic credibility. As a result, Pakistan posted […]
Arif Habib consortium wins PIA privatisation with Rs135bn bid
ISLAMABAD: The Arif Habib consortium on Tuesday emerged as the successful bidder for Pakistan International Airlines Corporation Ltd (PIACL) after offering Rs135 billion in an open auction, marking Pakistan’s first major privatisation in nearly two decades. Read More: PIA Deal at 135 Billion: Reform, Risk, or Ruin? The bidding process moved to an open […]
Federal cabinet extends off-grid power levy framework
ISLAMABAD: The federal cabinet on Tuesday approved the extension of the Off-Grid Power Plants Levy Act 2025 to include the sale of gas to captive power plants by third parties, as it cleared a series of key policy and legislative measures alongside major economic decisions. Read More: Cabinet panel approves key board appointments across major […]
Foreign loan inflows rise sharply in first five months
ISLAMABAD: Pakistan received $3.03 billion in foreign loans and grants during the first five months of the current fiscal year, marking a 14 per cent increase compared to the same period last year, largely due to improved external financing support. Read More: Pakistan secures over $16 billion in foreign loans and grants amid economic challenges According […]
Global agencies hail Pakistan’s economic turnaround
International rating agencies have recognized significant improvement in Pakistan’s economy. The country’s foreign exchange reserves have reached historic highs. Agencies such as Gallup and Dun & Bradstreet have confirmed this positive trend. According to reports, consumer confidence in Pakistan has risen by 19 percent, reflecting growing trust in economic policies. In March 2022, the country’s […]
Gold and silver prices reach record highs
Gold and silver prices surged to historic highs in local markets on Monday, reflecting a sharp rally in international bullion rates driven by expectations of US interest rate cuts and strong safe-haven demand. Read More: Gold price rises to reach Rs 462,362 a tola According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the […]
Industry calls for urgent steps to restore business confidence
The Pakistan Business Forum (PBF) on Monday urged Prime Minister Shehbaz Sharif to intervene urgently to revive business confidence and restore Pakistan’s economic competitiveness, warning that 2025 has been another extremely challenging year for industry and trade. Read More: Business confidence rises but major economic fears persist In a letter addressed to the prime minister, PBF […]
PIA privatisation enters crucial phase as bidding set for today
All eyes are on Pakistan International Airlines (PIA) today as the government moves forward with the privatisation of the national flag carrier, one of the most significant transactions involving a state-owned enterprise in recent years. According to officials, three consortiums remain in contention to acquire a 75 per cent stake in PIA. These include groups […]
High-tech services seen as engine of Pakistan’s future growth
Pakistan must realign its economic priorities toward high-tech and innovation-driven services if it aims to achieve sustainable and inclusive growth, leading economist Prof Amir Sufi said on Monday. He stressed that relying on low-tech industries limits the country’s long-term development potential. Read More: IUB setting up high–tech software export center: VC Prof Sufi was speaking at the […]