Pakistan Moves to Sell 500,000 Tons of PASSCO Wheat to Ease Surplus Stocks
The Economic Coordination Committee (ECC) of Pakistan’s federal cabinet has approved the disposal of 500,000 metric tons of wheat held by the Pakistan Agricultural Storage and Services Corporation (PASSCO) through competitive bidding. This decision comes as part of broader efforts to reduce surplus stocks, cut storage costs, and help stabilize wheat prices in the local […]
Pakistan’s Remittances Climb to $23.2 Billion in First Seven Months of FY26
Pakistan has seen a steady rise in money sent home by overseas workers, with remittances reaching $23.2 billion in the first seven months of the current fiscal year. This represents an 11 percent increase compared to the same period last year, showing continued support from Pakistani expatriates around the world. In January 2026 alone, remittances […]
Pakistan Unveils Indigenous SMASH Hypersonic Missile at World Defense Show 2026
Pakistan showcased a major milestone in its defence technology by unveiling the SMASH hypersonic missile at the World Defense Show 2026 in Riyadh, Saudi Arabia. The weapon was presented by Global Industrial and Defence Solutions (GIDS), a leading defence manufacturer, as part of Pakistan’s efforts to strengthen its naval strike and precision defence capabilities. The […]
Pakistan Commits $1 Billion to Build National AI Ecosystem by 2030
Pakistan has announced a major plan to boost its technology landscape with a pledge to invest $1 billion in artificial intelligence by 2030. The commitment was unveiled by Prime Minister Shehbaz Sharif at the opening of Indus AI Week 2026 in Islamabad, a national forum focused on expanding AI awareness, skills, research, and innovation across […]
US Approves $1.3 Billion for Reko Diq in Major Mining Boost
The United States has approved $1.3 billion in financing for Pakistan’s Reko Diq copper and gold project in Balochistan. The funding will cover a significant share of the project’s estimated $3.2 billion development cost and marks one of the largest foreign investments in Pakistan’s mining sector in recent years. The support comes through the US […]
Pakistan Earns $10.95 Billion from Textile Exports in Seven Months
Pakistan’s textile exports have edged higher in the first seven months of the 2025-26 fiscal year, showing signs of a slow recovery in a sector that is key to the country’s economy. Latest trade figures show exports increased by about 1.67 percent in value to reach $10.95 billion during July to January 2026, compared to […]
Crypto Market Crashes: $2 Trillion Wiped Out as Bitcoin Hits $60,000 Low
The global cryptocurrency market has suffered a massive setback, losing nearly $2 trillion in total value since its peak in early October 2025. Bitcoin, the leading digital currency, led the sharp decline by plunging to around $60,000, its lowest point since October 2024. This marks one of the steepest single-day drops since late 2022, with […]
Pakistan Takes Over Presidency of Digital Cooperation Organisation (DCO)
Pakistan officially assumed the presidency of the Digital Cooperation Organisation (DCO) during its fifth General Assembly in Kuwait on February 6 (with announcements and coverage continuing into February 7). Minister for IT and Telecommunication Shaza Fatima Khawaja led the handover, positioning Pakistan to guide digital initiatives across 16 member countries for the coming year. This […]