Category: Business

Private

Private Sector Leaders Take Control of Pakistan’s Export Development Fund

Legal reforms reduce bureaucratic control, placing industry leaders at the forefront of export policy decisions ISLAMABAD: The government of Pakistan has reconstituted the board overseeing the Export Development Fund (EDF), shifting control from senior bureaucrats to private-sector leaders in a move aimed at boosting efficiency and promoting export growth. Under a new notification, Omer Saeed, […]

Pakistan US Reaffirm Commitment to Expanding Trade and Investment Ties

Washington: Pakistan and the United States have reaffirmed their commitment to strengthening bilateral economic ties, with discussions centering on trade investment and key development initiatives. The understanding emerged during a high level meeting between a Pakistani delegation led by Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard A. Lutnick. Both sides underscored their shared […]

Saudi Arabia Turkiye Sign Major Solar Energy Deal

ISTANBUL: Saudi Arabia and Turkiye have signed a major agreement to develop large scale solar power projects, strengthening energy cooperation between the two regional partners. Under the deal Saudi energy company ACWA Power will construct two solar power plants in the provinces of Sivas and Karaman in central Turkiye. The projects will have a combined […]

US Supreme Court Blocks Trump’s Emergency Tariffs

WASHINGTON: The US Supreme Court has struck down former President Donald Trump’s broad tariffs ruling that he exceeded his legal authority by using emergency powers to impose import taxes. In a 6-3 decision authored by Chief Justice John Roberts the court held that the International Emergency Economic Powers Act (IEEPA) does not grant the president independent […]
Electricity Tariffs

Pakistan Plans Income-Based Electricity Tariffs for 100–300 Unit Consumers

Government prepares major power pricing overhaul to ensure fair subsidy distribution for low-income households ISLAMABAD: The federal government has initiated sweeping reforms to restructure electricity and gas pricing, shifting from consumption-based tariffs to an income-based subsidy model aimed at protecting low-income households. The proposed framework, being finalized in line with commitments made to the International […]

Mitsubishi Reportedly Plans Full Exit from Pakistan Raising Investment Concerns

ISLAMABAD: Former Sindh Governor Mohammad Zubair has shared on X that Mitsubishi Corporation is reportedly set to sell its entire shareholding and exit Pakistan intensifying concerns over the country’s investment climate. If confirmed Mitsubishi would join a growing list of multinationals that have scaled down, restructured, or withdrawn operations in Pakistan including Microsoft Yamaha Motor Company, […]
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