Author: Web Desk

The World Bank is collaborating with the Pakistani government to encourage private sector investment in the country’s power distribution sector, starting with the best-performing distribution companies (Discos). This initiative aims to pave the way for private sector participation in under-performing Discos, despite the significant financial challenges they face. An Asian Development Bank (ADB) report highlights…

A Chinese business delegation met with President Asif Ali Zardari in Karachi on Thursday and expressed interest in investing $1 billion in a medical city, as well as in diverse sectors of the economy. Pakistan has held strong bilateral relations with China, which has supported it through many investments and development projects such as the…

KARACHI – Finance Minister Muhammad Aurangzeb expressed optimism about Pakistan’s economic outlook, projecting that remittances will exceed $35 billion in the current fiscal year 2024-25. He attributed this positive forecast to the government’s prudent economic policies. Speaking at the Overseas Chamber of Commerce and Industry (OICCI), Aurangzeb highlighted the gradual decrease in inflation due to…