Reko Diq Project to Generate $75 Billion for Pakistan
Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, stated that the Reko Diq Project will be Pakistan’s largest Western investment, projected to generate over $75 billion in free cash flows over its 37-year mine life. With commodity price escalation, this may exceed $100 billion. According to a written response in the National Assembly, Phase-1 […]
LSMI Grows 1.47% in nine months, Mixed Sectoral Trends
The Large Scale Manufacturing Industries (LSMI) sector recorded a growth of 1.47% during the period from July to March of fiscal year 2024–25, compared to the same timeframe in the previous year, according to the Pakistan Bureau of Statistics (PBS). The Quantum Index of Manufacturing (QIM) for March 2025 was estimated at 117.20. In March […]
CDWP Clears Projects Worth Rs15.9B, Refers Major Schemes to ECNEC
The Central Development Working Party (CDWP) granted approval for five development schemes worth Rs15.9 billion and forwarded another five major initiatives, totalling around Rs127.1 billion, to the Executive Committee of the National Economic Council (ECNEC) for final endorsement. During an extensive meeting chaired by Federal Minister for Planning, Development and Special Initiatives, and Deputy Chairman […]
Lucky Cement Marks Major Milestone with Expansion in Iraq
Lucky Cement Limited, a prominent cement producer, has successfully ignited the kiln for its new clinker manufacturing line at Najmat Al-Samawah (NAS), a joint venture entity based in Samawah, Iraq. This notable achievement represents a major advancement in the company’s growth strategy. The newly established clinker line boasts a production capacity of 1.82 million tons […]
ECNEC Greenlights 9 Major Projects across Multiple Sectors
The Executive Committee of the National Economic Council (ECNEC) gave the green light to 9 development initiatives valued at Rs. 355.736 billion across critical sectors such as transport, energy, education, water resources, trade facilitation, tourism, and post-disaster recovery. The meeting was chaired by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar. Among the […]
M-6 Project to begin FY26, Rs10 Billion Proposed
The federal government has assured the Pakistan People’s Party (PPP) that the long-delayed Sukkur-Hyderabad-Karachi M-6 Motorway will be included in the 2025–26 Public Sector Development Programme (PSDP). Responding to PPP lawmakers, including Naveed Qamar, Finance Minister Muhammad Aurangzeb emphasized the project’s priority for national economic connectivity. He confirmed that it will move forward with either […]
6.25 percent increase in exports, PBS releases data
Pakistan bureau of Statistics (PBS) released trade data according to which, an increase of 6.25 percent has been witnessed in the country’s exports during the first 10 months (July-April) of current fiscal year 2024-25, recording a reach of $26.859 billion, compared to $25.278 billion in the same period of last year. The data revealed that […]
Standard Chartered Secures $130 Million Banking Mandate with Siemens Energy
In a strategic boost to Pakistan’s financial and energy sectors, Standard Chartered Pakistan (SCB) has clinched a comprehensive $130 million banking mandate from Siemens Energy, approved in January 2025, to deliver tailored financial solutions for the global energy giant’s operations in the country. The agreement underscores SCB’s growing prominence as a preferred partner for multinational […]
Pakistani Cybersecurity Startups Make Waves at GISEC
Seven Pakistani tech startups sponsored by Ignite – National Technology Fund at this year’s Gulf Information Security Expo and Conference (GISEC) advanced to the semi-finals of the prestigious pitch competition, showcasing innovation amid rising regional cyber threats. While none reached the finals, the delegation secured strategic partnerships and global exposure, underscoring Pakistan’s growing footprint in […]
400 days of continuous operation for Chashma Nuclear Power Plant -1
Chashma Nuclear Power Plant Unit -1 (C-1) has successfully achieved the checkpoint of a continuous operation of 400 days after an earlier achievement of continuous 365 days operation by the C-2 and C-4 units. Six nuclear power plants are currently under operation by the Pakistan Atomic Energy Commission (PAEC), responsible for providing a total of […]
Motors and Generators Expo 2025 Sets the Stage for Innovation and Progress
MoGen Expo 2025, the Middle East’s prominent event dedicated to Motors and Generators innovation, convenedIndustry Leaders, Experts, and Innovators from across the globe. Focusing on advancing Efficiency, Sustainability,and Technology in motion, the Expo provided a dynamic platform for Collaboration, Knowledge sharing, and Ground-breaking Discussions. The event commenced with an opening remark by Mamdouh Al Aidarous, […]