ISLAMABAD — Stepping forward to push back against widespread social media claims, the Ministry of Energy (Power Division) has released an exhaustive media brief outlining the national power sector’s performance. Energy Minister Awais Khan Leghari confirmed that the state-funded power subsidies for protected consumers have more than doubled since 2022, reaching a massive Rs423 billion […]
ISLAMABAD — In a sudden shift to control energy expenditures, the district magistrate’s office has officially restored early market closure restrictions across Islamabad starting today. Under the new austerity guidelines, all retail shops, markets, and shopping malls are strictly mandated to close by 8:00 p.m. throughout the week. Restaurants, wedding halls, and grocery stores have
HANGZHOU — Standing before top-tier Chinese business tycoons and global tech leaders at the Hangzhou summit, Prime Minister Shehbaz Sharif formally declared that Chinese business leaders are central to Pakistan’s upcoming “economic transformation and industrial modernization.” Addressing investors directly with the slogan “Pakistan is open for business. Pakistan is reforming. Pakistan is rising,” the government
BEIJING — In tandem with the B2B tech signings, China is officially exploring long-term commodity procurement and sector-specific investments in Pakistan’s mining, agriculture, and textile sectors. Following a high-level official engagement between Commerce Minister Jam Kamal Khan and top executives from eight prominent Chinese corporate giants, Beijing laid out plans to diversify its import footprint.
HANGZHOU / ISLAMABAD — In a major economic breakthrough, Pakistani and Chinese companies have officially signed cooperation agreements and Memorandums of Understanding (MoUs) worth a massive $1.22 billion. The historic deals were finalized at the Pakistan-China Business Conference in Hangzhou, witnessed directly by Prime Minister Shehbaz Sharif and the Governor of Zhejiang Province, Mr. Liu
ISLAMABAD — Prime Minister Shehbaz Sharif is scheduled to embark on a vital four-day official visit to China starting tomorrow. Marking the historic 75th anniversary of Pakistan-China diplomatic relations, the visit’s primary objective is economic and digital acceleration. The PM will kick off his trip in Hangzhou, where he will personally chair the Pakistan-China Business-to-Business
ISLAMABAD — President Asif Ali Zardari has officially approved the Special Economic Zones (Amendment) Bill 2026. Passed by both houses of Parliament, the new legislation replaces the previous temporary ordinance and completely upgrades Pakistan’s fiscal policy framework. The amended law establishes an investor-friendly dispute resolution mechanism and legally binds federal and provincial governments to provide
KARACHI — In a major development for Pakistan’s automotive ecosystem, Lucky Motors Corporation (LMC) has officially launched China’s GAC Motor in Pakistan. This milestone introduces premium electric vehicle (EV) models under the AION and HYPTEC brands. The strategic partnership focuses heavily on intelligent mobility, advanced safety, electrification, and smart connectivity. Following recent EV movements by
LAHORE — The Punjab Land Records Authority (PLRA) has launched the pilot phase of its “Digital Land Title Tokenization” project in selected commercial districts of Lahore. In partnership with provincial IT boards, the initiative is transferring physical property deeds onto a secure, immutable decentralized ledger. Once fully implemented, the blockchain infrastructure will allow overseas and
KARACHI / LAHORE — Driven by rising grid tariffs, Pakistan’s corporate sector is rapidly expanding its independent clean energy infrastructure. Today, three major industrial consortiums signed long-term corporate Power Purchase Agreements (PPAs) totaling 50MW of rooftop and ground-mounted solar capacity. These captive power plants will supply uninterrupted green electricity directly to manufacturing units in the
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