ISLAMABAD: Pakistan is focusing on self-reliance by promoting local production, indigenisation, and exports oriented industries to reduce reliance on imports and conserve foreign exchange. Finance Minister Mohammad Aurangzeb urged multinational companies to adjust business models, highlighting that some firms are already using local raw materials to cut costs. Experts note that increasing domestic consumption of […]
Self-reliance
Time for Self-Reliance
Pakistan has once again turned to the World Bank for financial support under its International Development Association (IDA) programs. Finance Minister Muhammad Aurangzeb, during his recent meeting with World Bank President Ajay Banga in Washington, requested more funds to help stabilise the country’s economy. He also emphasised the need for major reforms in Pakistan’s power […]
Pakistan’s mobile production skyrockets 55% in September
Pakistan’s mobile phone production rose sharply by 55% in September 2025, reaching 3.01 million units. This figure also marked a 40% increase compared to September last year. Analysts say the jump reflects recovering demand after low sales in September 2024 caused by pre-budget buying. The surge followed delays in consumer purchases, as many waited for […]
Pakistan eyes healthcare self-reliance as experts join natural products symposium
Pakistan must rapidly localise drug development and cut reliance on imported pharmaceutical ingredients to secure its healthcare future, the participants of the International Symposium on Natural Products Chemistry – Drug Discovery and Industrial Economy, held at the International Islamic University Islamabad (IIUI), concluded, The International Symposium on Natural Products Chemistry – Drug Discovery and Industrial […]
Finance Minister Aurangzeb: Pakistan Not Dictated by IMF
Pakistan’s Finance Minister Muhammad Aurangzeb has rejected suggestions that the International Monetary Fund (IMF) dictates Islamabad’s policy decisions, asserting that the government acts solely in the national interest. Speaking at a press conference in Washington, Aurangzeb said Pakistan’s economic stability is tied to national security, adding that unrest or border tensions directly impact the economy. […]
Self-reliance, tactical solutions needed to tackle economic difficulties: PM Shehbaz
On Tuesday, Prime Minister Shehbaz Sharif said the current economic scenario of Pakistan required tactical solutions to address economic problems and stressed rising above politics to sort out the financial issues confronting the country. Addressing the ‘Turn Around Conference’, he said economic self-reliance was the key to achieving the goals of development and prosperity. He […]