India and the United Arab Emirates (UAE) have agreed to strengthen bilateral defence and energy cooperation during Prime Minister Narendra Modi latest visit to the Gulf state, marking a significant expansion of strategic ties between the two countries. Read More: UAE pledges $5bn investment in India According to India’s foreign ministry, both sides finalised a framework for […]
foreign investment
PM Shehbaz Sharif met a high-level European Union delegation to strengthening trade ties
Prime Minister Shehbaz Sharif met a high-level European Union delegation and representatives of major European companies in Islamabad on Tuesday to discuss strengthening trade, investment, and economic cooperation between Pakistan and the EU. Read More: European firms signal interest in expanding footprint in Pakistan The meeting took place at the Prime Minister House during the delegation’s […]
Shehbaz Sharif has reaffirmed Pakistan’s commitment to a sustainable framework
Shehbaz Sharif has reaffirmed Pakistan’s commitment to a sustainable, transparent, and facility-based investment framework aimed at attracting both local and international investors. Speaking during a meeting in Islamabad, the prime minister highlighted the government’s ongoing efforts to create a business-friendly environment. Read More: PM Shehbaz Sharif pledges swift economic reforms to world bank The meeting was held […]
Foreign investors pull funds amid Gulf tensions
KARACHI — Rising tensions in the Gulf region have triggered a noticeable withdrawal of foreign investment from Pakistan, with millions of dollars exiting domestic bond markets in recent days, according to data released by the State Bank of Pakistan. Read More: Russia, China urge diplomacy amid Gulf tensions The central bank’s figures show that approximately $20 […]
PSX slips as foreign selling and weak results weigh
KARACHI: The Pakistan Stock Exchange (PSX) fell on Thursday as continuous foreign selling and weak corporate earnings weighed on investor sentiment, while thinner participation on the first day of Ramadan contributed to slower trading. Read More: PSX bounces back with gain of over 5,700 points The benchmark KSE-100 Index fluctuated between a high of 179,279.74 (up […]
Venezuela opens oil sector to private firms in historic overhaul
CARACAS: Venezuela’s acting president, Delcy Rodríguez, has signed into law a sweeping reform of the country’s oil industry that opens the sector to private and foreign investment, marking a decisive break from decades of strict state control under socialist rule. The legislation was approved by the National Assembly on Thursday and signed by Rodríguez soon […]
FDI drops sharply on regional tensions
Foreign direct investment (FDI) plunged 43 per cent during the first half of the current fiscal year, deepening challenges for the government as it seeks to revive overseas capital inflows amid rising geopolitical uncertainty. The sharp decline underscores the fragile sentiment of foreign investors, exacerbated by tensions in the broader region. Read More: Pakistan receives […]
Aurangzeb admits firms leaving Pakistan over taxes and energy costs
Finance Minister Muhammad Aurangzeb on Wednesday acknowledged that several multinational companies (MNCs) have exited Pakistan in recent years due to high taxes and energy costs, but urged firms to modernise their business models rather than rely on decades-old practices. Read More: Finmin urges FBR to intensify enforcement, expand tax net Speaking at the Pakistan Policy Dialogue […]
Trump blocks HieFo acquisition of Emcore assets on national security grounds
WASHINGTON: US President Donald Trump has blocked a proposed acquisition involving photonics firm HieFo Corp, citing national security and China-related concerns. The decision halts HieFo’s planned purchase of assets belonging to New Jersey-based aerospace and defence specialist Emcore. In an order released by the White House on Friday, President Trump said HieFo was “controlled by […]
Pakistan balances reforms and growth amid economic challenges
ISLAMABAD: Pakistan is navigating a complex path toward sustainable and inclusive development as policymakers try to balance economic growth with macroeconomic stability. The State Bank of Pakistan (SBP) recently cut its policy rate by 50 basis points to 10.5 percent, signaling an effort to support growth despite persistent external pressures and global trade challenges. Read […]