Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced plans to develop Ziarat Hasan Shah Island into a modern centre for eco-tourism, sports tourism, and lifestyle retreats. The project aims to balance environmental protection with long-term economic benefits for coastal communities. While chairing a meeting on Wednesday, the minister said the project has […]

Pakistan has signed a memorandum of understanding (MoU) with SC Financial Technologies, a company affiliated with World Liberty Financial—the main crypto business of former US President Donald Trump’s family to explore the use of stablecoins for cross-border payments. The announcement was made by the Pakistan Virtual Asset Regulatory Authority (PVARA) on Wednesday. Under the agreement, […]

The federal government has announced plans to establish a large Export Processing Zone (EPZ) on 6,000 acres of land belonging to Pakistan Steel Mills (PSM). The initiative aims to strengthen export-led growth and attract local and foreign investment by providing a dedicated industrial space for export-oriented businesses. The proposal was shared by Secretary of Industries […]

The Pakistani government has announced plans to set up a large Export Processing Zone (EPZ) on 6,000 acres at the Pakistan Steel Mills site, aiming to strengthen the country’s export-oriented industries. The move is part of a broader strategy to improve manufacturing, attract investment, and enhance the nation’s global trade performance. The announcement was made […]

Pakistan has introduced a new draft policy aimed at promoting local manufacturing of mobile phones, laptops, tablets, and other electronic devices. The Mobile and Electronics Device Manufacturing Policy 2026-2030 is designed to strengthen domestic production, increase exports, and create job opportunities across the country. Under the plan, the government aims to produce 50% of mobile […]

Pakistan and Saudi Arabia are holding discussions to convert nearly $2 billion in Saudi loans into a defence deal involving JF-17 Thunder fighter jets. If finalized, the move would mark an important step in strengthening military and strategic cooperation between the two countries. According to sources familiar with the matter, the talks are linked to […]

Pakistan’s stock market witnessed a historic surge in activity as daily trading value reached around Rs85 billion in the ready market, the highest level seen in nearly 20 years. The sharp rise in turnover reflects growing investor confidence and strong participation across the market. According to market observers, the increase in trading volumes has been […]

FBR has told the Federal Constitutional Court (FCC) that Parliament has full authority to impose taxes with retrospective effect. During the hearing, FBR’s counsel argued that a tax law, once validly enacted, can apply to past transactions unless the Constitution clearly restricts such power. Appearing for the tax authority, Asma Hamid said taxation is a […]