Staff Report Islamabad: Azerbaijan has expressed keen interests in strategic oil pipeline projects along with other several milestones in key sectors of Pakistan’s economy. Azerbaijan has already offered Pakistan to invest $2 billion in Pakistan. In order to materialize this offer, a high-level delegation of Republic of Azerbaijan, led by Mikayil Jabbarov Minister of Economy,…
Staff Report Islamabad: In the aftermath of tariff war, initiated by US and retaliated by other nations, the Bloomberg commodity index has declined 8% in last 3 sessions. Within this, crude oil prices (brent) and Richards Bay Coal Future (April) are down by 14.3% to US$64.2/bbl and 6.1% to US$88.5/ton. The falling commodity prices shall…
Staff Report Islamabad: In a significant development, Pakistan and Turkiye have stepped into cooperation in oil and gas exploration. On the sideslines of Pakistan Minerals Investment Forum 2025, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in offshore bid round of Pakistan. In February 2025, the Government of Pakistan announced an…
Staff Report Islamabad: Saudi Arabia has proposed Pakistan to form joint ventures in mineral sector to extract gold and copper. The Saudi delegation expressed keen interest in Pakistan’s energy and mineral sectors. Discussions also revolved around joint ventures, technology transfer, and capacity-building initiatives to maximize resource extraction and sustainable development. A high-level Saudi delegation, led…
Staff ReportIslamabad: The ministry of Industries has proposed the introduction of a super tax in upcoming budget to bring Pakistan’s corporate tax structure at par with regional standards. Special Assistant to the Prime Minister on Industries and Production Mr. Haroon Akhtar Khan proposed it during a high level meeting on budget proposals. He directed for…
Staff Report Pakistan will showcase its metals and minerals potential to local and international investors during the two-day Pakistan Minerals Investment Forum 2025, which begins on Tuesday in Islamabad. Representatives from major economies and companies, including the U.S., UK, China, Saudi Arabia, Turkey, Denmark, Azerbaijan, Finland, and Kenya, will attend the forum, Minister for Petroleum…
Staff Report Islamabad: Federal IT Minister Shaza Fatima here on Monday, stated that only a provisional license has been issued to Starlink to provide satellite-based internet services in Pakistan and Starlink’s services could be available in Pakistan by November-December of this year. The final regulatory approval was yet awaited,” she said during a meeting of…
Staff Report Pakistan Listed Non-Life Insurance Profits was Rs17.4bn in 2024 which is up by 35% YoY compared to 2023 and better than last 5-year CAGR of 19%. Higher profits are led by better underwriting results and higher Investment Income. In 2024 Net Premiums increased by 25% YoY to reach Rs68.6bn compared to 2023. Net…
Staff Report Islamabad: Pakistan plans to cut trade tariffs at Sea Ports to become competitive in the global market and boost trade activities. Prime Minister Shahbaz Sharif held a meeting on Maritime Sector Reforms here on Monday. Premier directed to review of trade tariffs to bring the country’s ports to a competitive standard. The Prime…
Staff Report Islamabad: Fruit Juice Council has sought a reduction in tariffs and tackling informal sector encroachment to boost exports. Federal Minister for Commerce Jam Kamal Khan chaired an important meeting with the Fruit Juice Council and leading manufacturers, including representatives from Pepsico and Nestlé, to discuss key challenges facing the industry—particularly the need to…