Punjab Chief Minister Maryam Nawaz has launched the largest-ever business finance schemes in Punjab, which are designed to support entrepreneurs, startups, and small businesses across the province. The schemes aim to provide financial support to individuals from all walks of life, including men, women, transgenders, and special individuals, empowering them to start or expand their…
Prime Minister Shehbaz Sharif has praised the World Bank commitment to providing Pakistan with a $20 billion loan over the next 10 years under the Country Partnership Framework. This substantial financial support aims to promote inclusive and sustainable development in Pakistan. The loan will be used to invest in various social sectors, enhancing the country’s…
ByteDance, the parent company of TikTok, has announced plans to invest over $12 billion in artificial intelligence (AI) infrastructure in 2025. This large-scale investment is part of the company’s strategy to strengthen its AI capabilities amid growing pressure from the U.S. government over its popular video-sharing app. ByteDance is focusing on acquiring AI chips and…
In the first half of fiscal year 2024-25 (1HFY25), Pakistan textile and clothing exports showed impressive growth, rising by 9.67%. Despite facing challenges from regional competition and internal issues like high taxation, the sector performed well due to increased demand, particularly from Bangladesh’s supply disruptions. Here is an overview of this performance and the key…
Pakistan is facing a severe energy crisis with rising electricity costs, power shortages, and growing national debt. Despite efforts to address these issues, the country still struggles with power generation and reliability. One major factor is the involvement in the China-Pakistan Economic Corridor (CPEC) which, while bringing investment, has also led to significant debt and…
The Saudi Arabian Public Investment Fund (PIF) is increasingly investing in Exchange-Traded Funds (ETFs) as part of its long-term strategy to diversify the country’s economy away from oil. Recently, PIF invested $200 million in a Europe-listed bond ETF, marking a significant step in the kingdom’s efforts to develop its financial markets under the Vision 2030…
The Reko Diq copper and gold project in Pakistan is expected to produce around $74 billion in free cash flow over the next 37 years. This estimate comes from Barrick Gold’s CEO, based on current long-term market prices. The development of the mine is expected to greatly benefit Pakistan’s economy. Key Fact Details Projected Cash…
After stabilizing its economy, Pakistan faces a dilemma on how to move forward. While some believe that focusing on economic growth is essential to tackle poverty, others argue that rapid growth could trigger trade deficits due to weak exports. Issue Current Situation Proposed Solution Economic Dilemma Pakistan is at a crossroads after economic stabilization Decide…
Western companies operating in Russia are facing a difficult decision as Donald Trump returns to the White House. His promise to end the Ukraine conflict adds a layer of uncertainty for businesses still in Russia, especially as Moscow’s tougher exit conditions make it more expensive to leave. Some companies have already stayed, citing humanitarian reasons…
Forecast Update for Pakistan EconomyThe International Monetary Fund (IMF) has revised Pakistan GDP growth forecast for 2025 to 3%, down from 3.2%. The IMF expects the country’s economy to grow by 4% in 2026. This reduction is similar to the Asian Development Bank (ADB) growth projection of 3% for Pakistan in the fiscal year 2024-25….
