Tag Archives: Economic Development

The first-ever Pakistan-Russia Trade and Investment Forum took place in Moscow, marking a significant step forward in the trade relationship between the two nations. This event saw a delegation of 60 Pakistani business representatives, led by Federal Minister for Privatisation, Board of Investment, and Communication, Abdul Aleem Khan. Their goal was to explore new business opportunities and foster deeper economic …

Pakistan’s Economy Shows Signs of Growth with 3.07% GDP Increase in Q4 FY24 In a promising development, Pakistan’s gross domestic product (GDP) grew by 3.07% in the fourth quarter of fiscal year 2023-24 (April-June), according to data released by the Pakistan Bureau of Statistics (PBS). This growth was driven primarily by a strong performance in the agriculture sector, which grew …

Introduction In a significant development, Saudi Arabia has made a strategic offer to acquire a 15% stake in Pakistan’s Reko Diq mining project, coupled with a substantial grant to build infrastructure around the mining area. This marks the first major investment under the Special Investment Facilitation Council (SIFC) framework and could pave the way for strengthened economic ties between the …

In a significant move aimed at streamlining state machinery and reducing administrative expenditures, the government has decided to abolish 28 departments within five key ministries. This decision was taken during a meeting chaired by Prime Minister Shehbaz Sharif, following the recommendations of a specially formed committee. Major Reforms Across Key Ministries The ministries affected by these reforms include: Kashmir Affairs …