Pakistan, Dutch, and Australian Companies Announce Partnership to introduce superior livestock and nutrition solutions! Despite being 4th largest milk producer in the world and major sub-sectors of agriculture, contributing, along with livestock, over 60% of value-added agriculture and 11.7% of the total GDP contribution, the dairy sector faces persistent challenges that hinders its optimal potential….
A high-level delegation from Saudi Arabia, led by Foreign Minister Prince Faisal bin Farhan Al Saud, is in Pakistan for a two-day visit starting today, April 15th. The visit underscores Saudi Arabia’s growing economic commitment to Pakistan. The delegation includes key figures from Saudi Arabia’s water, agriculture, industry, and investment sectors. Meetings are planned with…
The Caretaker Cabinet has granted approval to a significant gas pipeline project with Iran, signaling a pivotal development in bilateral cooperation. This decision, greenlit by the interim government, underscores the strategic importance of fostering energy ties between Pakistan and Iran. Key Aspects of the Gas Pipeline Project Approval: Bilateral Collaboration: The approval reflects a commitment…
The World Bank, in a recent assessment, has drawn attention to the detrimental effects of poor government policies on the agriculture sector, subsequently impacting food security in Pakistan. The evaluation sheds light on the critical link between governance decisions, agricultural practices, and the overall security of the nation’s food supply. According to the World Bank’s…
The incoming government is on track to initiate negotiations for a new financial arrangement, eyeing a substantial $10 billion loan program with the International Monetary Fund (IMF). This prospective agreement comes into focus as part of the government’s strategy to address pressing economic challenges and ensure stability in the country’s financial landscape. The discussions surrounding…
The prevailing political instability in Pakistan has cast a shadow over the economic outlook, raising apprehensions among businesses about the potential for increased challenges in the coming months. The uncertain political climate is viewed as a significant factor that could impact various aspects of the economy, creating a sense of caution and concern within the…
In a strategic move, MG Motors introduces the MG5 Electric Car to the Pakistani market, not for commercial sales but as part of a market research initiative. This launch marks a significant step towards gauging the reception and understanding the potential demand for electric vehicles (EVs) in the Pakistani automotive landscape. MG Motors, known for…
In a collaborative effort, Pakistan is set to engage with the World Bank to secure an additional financing of $250 million for the Competitive and Livable City of Karachi (CRISP) Program. This strategic collaboration reflects Pakistan’s ongoing commitment to addressing urban development challenges, enhancing the livability of cities, and fostering competitiveness in key metropolitan areas….
In a remarkable economic development, the mobile phone imports in Pakistan has witnessed an impressive surge of nearly 120% during the first half of the fiscal year 2024. This substantial increase in mobile phone imports is indicative of the dynamic consumer demand and the evolving technological landscape in the country. During the initial half of…
In a recent communication with the International Monetary Fund (IMF), Pakistan Tells IMF its intention to raise the key interest rate should there be a simultaneous occurrence of rupee depreciation and a surge in inflation. This strategic communication emphasizes Pakistan’s proactive approach to economic management, signaling its commitment to addressing potential challenges and maintaining financial…
