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 […]
foreign investment
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 […]
Pakistan secures $7B for Reko Diq, strengthens US ties
Pakistan has secured a $7 billion financial close for the Reko Diq copper mining project, strengthening economic ties with the United States. Backed by the International Finance Corporation (IFC) and US EXIM Bank, the project will boost foreign exchange earnings and drive growth. Finance Minister Muhammad Aurangzeb called it a major milestone in Pakistan’s growing […]
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 […]
Barrick Mining reaffirms commitment to Reko Diq copper project
ISLAMABAD – Barrick Mining Corp has reiterated its commitment to the Reko Diq copper mine in Balochistan, Pakistan, following recent reports suggesting a potential withdrawal from the project. The mine, one of the world’s largest undeveloped copper deposits, is a $7 billion joint venture between Barrick and the Pakistani government. Read More: Barrick Mining considers splitting […]
Pakistan, Australia to advance bilateral investment treaty talks
ISLAMABAD: Pakistan and Australia on Thursday agreed to continue discussions to finalise a new bilateral investment treaty (BIT), aiming to boost opportunities in sectors including energy, mining, technology, agriculture, and industrial development. The dialogue seeks to update the existing 1998 Pakistan-Australia BIT and establish a modern, balanced framework to encourage investment flows between the two […]
Profit repatriation rises 39% in first four months of FY26
KARACHI: Repatriation of profits and dividends on foreign investments surged by 39 per cent during the first four months of the current fiscal year (FY26), according to data released by the State Bank of Pakistan (SBP) on Wednesday. Outflows from July to October reached $1,137 million, up from $818 million in the same period last […]
Foreign inflows into T-bills surge in October
KARACHI: Foreign investments in Pakistan’s treasury bills (T-bills) saw a significant rise in October, reflecting growing investor confidence amid a mix of regional and domestic developments. According to the State Bank of Pakistan, T-bills attracted $118.6 million last month, marking the highest monthly inflow of the current fiscal year. Most of the foreign investments came […]
Pakistan, Canada agree to resume Canadian canola exports
ISLAMABAD – Pakistan and Canada have agreed to facilitate the export of Canadian canola to Pakistan, marking a significant step toward expanding bilateral trade and investment, the two countries announced in a joint statement on Monday. PR No.3️⃣2️⃣7️⃣/2️⃣0️⃣2️⃣5️⃣ Pakistan–Canada Joint Statement: Reaffirming strong and enduring ties – 3rd November 2025 ⬇️https://t.co/h9zLGgRH3t pic.twitter.com/biiqrPrOSa — Ministry of […]