Business

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 […]

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 / 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

KARACHI — Service Long March (SLM) Tyres, Pakistan’s first domestic manufacturer of all-steel radial tyres, is set for a major Initial Public Offering (IPO). Operating from a 50-acre facility in Sindh, SLM has captured 43% of the domestic radial market and recently expanded exports to the US and Brazil. Investors are closely watching this listing