KARACHI, May. 23 (INP) – Entrepreneurs in the Hub Industrial and Trading Estate (HITE) in Balochistan have demanded the federal and provincial governments resolve their issues, particularly those related to infrastructure development and gas supply, which are severely denting their operational capabilities. The businessmen have long been demanding consistent gas supply with proper pressure, improved road connectivity between Karachi and …

ISLAMABAD, May. 22 (INP) — Pakistan has prioritized the development of business-to-business (B2B) ventures and Special Economic Zones to attract foreign direct investment. This strategic initiative emphasizes collaboration between the public and private sectors to spur sustainable economic development. Talking to WealthPK, Jamshed Ahmed, Investment and Industrial Specialist at the CPEC Authority, Ministry of Planning, Development and Special Initiatives, said …

ISLAMABAD, May 22 (INP) — Pakistan has abundant deposits of magnesium, which need to be exploited for manufacture and export of magnesium-based energy-saving products. This can help fetch a huge fortune to the state coffers. Chief Geologist at Balochistan-based Koh-e-Daleel Minerals Company (Pvt) Limited Abdul Bashir said this while talking to WealthPK. “Magnesium occurs in more than 60 minerals but …

ISLAMABAD, May. 22 (INP) — Freelancers in remote areas of Gilgit-Baltistan are facing difficulties in fulfilling their tasks owing to frequent power suspensions. However, the recent reduction in the prices of solar panels has made it possible for people in the region’s rural parts to power their homes and workplaces at affordable costs. Talking to WealthPK, Ghulam Rehman, president of …

KARACHI, May. 22 (INP) – The Sindh government will establish help desks in different departments to facilitate industrials in navigating the cumbersome regulatory processes and ensuring ease of doing business in Karachi, which is the main economic and industrial hub of Pakistan. Industrialists have long been complaining about unnecessary hurdles in resolution of their issues due to red-tape in different …

KARACHI, May 17 (INP) – The livestock and dairy sector of Sindh has shown an impressive growth since the launch of the Union Council Based Poverty Reduction Program (UCBPRP), reports WealthPK. The program has supported the rural communities by boosting the productivity of the livestock and dairy sector, which is a key source of livelihood in the rural parts of …

ISLAMABAD, May. 17 (INP) – In a significant move, foreign portfolio investment has witnessed a notable surge, recording a net inflow of $165 million during the recent period. This development marks a stark contrast to the preceding year, which saw an outflow of $1,014.7 million. Foreign Private Portfolio Investment contributed significantly to this positive trend, registering a net inflow of …

ISLAMABAD, May 17 (INP) – A sharp decrease in the current account deficit (CAD) underscores a major change in Pakistan’s economy, signalling increased stability in the external sector. However, sustaining this progress demands an ongoing commitment to sound economic policies and structural reforms, reports WealthPK. According to the latest data released by the State Bank of Pakistan (SBP), the current …

FAISALABAD, May 17 (INP) – The plastic strip manufacturers of Faisalabad are facing multiple issues to run their businesses smoothly. Talking to WealthPK, Tariq Mehmood, who serves as supervisor at a factory, said the situation for the plastic factory owners was going from bad to worse, as the rulers seemed not ready to lower the prices of electricity and raw …

ISLAMABAD: The Foreign Office (FO) stated on Monday that Pakistan was “not interested” in holding a dialogue with the Tehreek-e-Taliban Pakistan (TTP). In a weekly media briefing, FO spokesperson Mumtaz Zahra Baloch, clarifying Pakistan’s stance, stated that the TTP has accepted responsibility for numerous terrorist attacks in the country. “Our demand from the Afghan government is that they take action …