The Asian Development Bank (ADB) has approved a $700 million policy-based loan to support reforms aimed at strengthening Pakistan’s insurance sector and expanding financial protection across the country. In an official statement, the Manila-based lender said the programme, titled the Insurance Transformation Programme, is designed to reduce protection gaps, expand insurance coverage, and encourage greater […]
economic development
First trial flight lands at New Gwadar International Airport
A major milestone in Balochistan’s infrastructure and economic development was achieved as the first trial flight successfully landed at the New Gwadar International Airport, marking a significant step toward enhancing regional connectivity and trade opportunities. Read More: 1st South Air flight lands at New Gwadar International Airport According to airport authorities, the inaugural test flight operated […]
Ahsan Iqbal links regional role to national strength
Federal Minister for Planning and Development Ahsan Iqbal has said Pakistan’s growing relevance in regional affairs is closely connected to its recent strategic and diplomatic positioning, stressing that long-term national progress now depends on economic strength and development. Read More: Ahsan Iqbal stresses engineers’ role in Pakistan’s progress Addressing an event at the Lahore Chamber of […]
PM Shehbaz Sharif urges easy bank loans to boost SMEs
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday directed authorities to accelerate efforts to provide small and medium enterprises (SMEs) with loans on easier terms through banks and other financial institutions. Read More: PM orders easy loans for SMEs to boost economy Chairing a meeting on SME development, the premier praised Special Assistant Haroon Akhtar and the newly elected […]
Boosting exports: PM Shehbaz promises industry backing
Prime Minister Shehbaz Sharif chaired a high-level meeting on exports, emphasizing that boosting exports is vital for Pakistan’s economic stability. He assured full support for the industrial and trading sectors to achieve sustainable growth. The premier stressed that export-led growth is a top government priority. During the meeting, PM Shehbaz highlighted the importance of small […]
Bhutan to fund Mindfulness City with crypto reserves
Bhutan said on Wednesday it will invest $1 billion from its national crypto currency reserves to develop a planned “Mindfulness City”. The project is intended to become a new economic hub for the small Himalayan kingdom. Read More: Minister urges youth to boost digital economy with crypto innovation The Buddhist-majority nation, located between India and China, is […]
Turkey’s Iç Holding eyes Pakistan infrastructure deals
Turkish construction giant Iç Holding has expressed strong interest in investing in Pakistan’s infrastructure projects. Federal Minister for Communications Abdul Aleem Khan held a high-level meeting with the company in Istanbul on Saturday. The discussions focused on long-term collaboration across Pakistan’s transport and communications sectors. During the meeting, CEO Serhat Sogukpinar highlighted Iç Holding’s extensive […]
Pakistan approves new international airport in Mirpur, Azad Kashmir
Pakistan has approved the construction of a new international airport in Mirpur, Azad Jammu and Kashmir. The project aims to provide modern air travel facilities for millions of citizens living locally and abroad. Officials expect construction to begin within the current fiscal year, marking a major step in regional connectivity. The Pakistan Airports Authority (PAA) […]