Pakistan’s IT Exports Jump 24% in July, Sector Eyes $5bn Target
Pakistan’s information technology and IT-enabled services (ITeS) exports posted a strong start to the fiscal year 2025-26, recording a 24% year-on-year growth in July. According to official data, IT export remittances, comprising computer and call centre services, stood at $354 million compared to $286 million in the same month last year. On a month-to-month basis, […]
LSM Contracts by 0.74% in FY25 despite Strong Growth in Autos, Petroleum
Pakistan’s Large-Scale Manufacturing (LSM) sector posted a negative growth of 0.74% in fiscal year 2024-25 compared to the previous year, according to data released by the Pakistan Bureau of Statistics (PBS). While June 2025 reflected a 4.14% year-on-year increase, the sector registered a 3.67% month-on-month decline, highlighting volatility in industrial output. The overall contraction was […]
Pakistan, China Vow Stronger Cooperation on Gwadar Port and CPEC 2.0
Pakistan and China have reaffirmed their commitment to deepening strategic cooperation by pledging joint support for the development and operations of Gwadar Port and advancing the Karakoram Highway realignment project. China has also welcomed third-party participation in the ML-1 railway project, signaling broader regional collaboration. The announcement came after Deputy Prime Minister and Foreign Minister […]
OGDCL Commissions Jhal Magsi Gas Development Project
The Oil and Gas Development Company Limited (OGDCL) has announced the successful completion and commissioning of the Jhal Magsi Development Project, a milestone initiative aimed at bolstering Pakistan’s domestic energy supply. The project, fast-tracked through incentives approved by the Government of Pakistan, is now producing around 14 million standard cubic feet per day (MMSCFD) of […]
CDWP Clears Rs518.9bn Worth of Development Projects
The Central Development Working Party (CDWP), chaired by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, has cleared 15 major development projects worth Rs518.972 billion, underscoring the government’s renewed push for infrastructure, engineering, and housing development across the country. Out of these, six projects worth Rs22.487 billion were approved at the CDWP level, […]
ECC Approves Industrial Estate at PSM Land
The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a series of key measures designed to spur industrial growth, strengthen exports, and enhance climate and media initiatives. The meeting was chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb. In a landmark move, the ECC cleared the development of an industrial estate […]
ZNC Solar, Soluna Sign Landmark 100MWh MoU
In a major leap for Pakistan’s clean energy sector, ZNC Solar joined hands with Soluna, the world-renowned lithium-ion battery manufacturer, at the “Powering the Future” event. The collaboration marks a defining milestone in ZNC Solar’s journey to accelerate solar and energy storage adoption nationwide. On his first-ever visit to Pakistan, George Guo, CEO of Soluna, […]
Nexgen Auto, Albario Join Hands to Boost EV Charging in Pakistan
In a significant move to accelerate Pakistan’s transition toward clean mobility, Nexgen Auto Pvt Ltd, a Nishat Group company, has entered into a strategic partnership with Albario Engineering (Pvt) Ltd through its EV subsidiary, A-Charge. The collaboration aims to strengthen the country’s electric vehicle (EV) charging ecosystem and promote widespread adoption of New Energy Vehicles […]
Govt excludes $4bn CPEC Hydropower Projects from IGCEP 2025–35
The federal government has excluded two major hydropower projects under the China-Pakistan Economic Corridor (CPEC) the 1,124 MW Kohala and 700.7 MW Azad Pattan, worth a combined $4 billion from the Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, citing failure to achieve financial closure. “We have excluded these projects till 2034, along with other private […]