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Pakistan, China to Collaborate on World-Class Shipyard at Port Qasim
Pakistan to build a world-class shipyard at Port Qasim with Chinese collaboration. The facility will construct six ships annually, with payments made in rupees, says Maritime Minister Junaid Anwar Chaudhry.
Muhammad Hashir
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Petroleum Imports Drop 7% in First Quarter of FY25, Despite Surge in RLNG and Crude Volumes
Pakistan’s petroleum imports dropped 7% to $3.77B in Q1 FY25, driven by lower product imports — though RLNG rose 30%. Crude oil volume up 17%.
Muhammad Hashir
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FBR Chairman Rashid Langrial: No Need for New Taxes as Revenue Collection Improves
FBR Chairman Rashid Langrial says Pakistan doesn’t need new taxes — revenue collection up, tax-to-GDP ratio rises by 1.5%. “Reforms take time, but results are showing,” he adds.
Muhammad Hashir
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Pakistan Targets $55 Billion Exports, 5.7% Growth in New 3-Year Economic Plan
Pakistan unveils a 3-year macroeconomic plan: exports to rise to $55B, remittances to $44.8B, and GDP growth up to 5.7%. A roadmap for stronger trade and fiscal stability.
Muhammad Hashir
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Pakistan Makes Major Offshore Oil and Gas Discovery After Two Decades
Pakistan secures successful bids for 23 offshore oil & gas blocks after 20 years — covering 53,510 sq km with $80M initial investment, expected to rise to $1B.
Muhammad Hashir
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OGRA Reduces LPG Price by Rs 5.88 per Kg from November 1
OGRA announces a reduction of Rs 5.88 per kg in LPG prices from Nov 1. A domestic cylinder is now cheaper by Rs 69.44, fixed at Rs 2,378.89.
Muhammad Hashir
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Govt Assures IMF of Rs200bn in New Tax Measures
Pakistan commits to new tax measures worth Rs200bn to satisfy IMF conditions. Plans include higher withholding taxes, excise duties, and increased levies on mobile, solar, and banking transactions.
Muhammad Hashir
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World Bank Identifies Major Opportunities to Boost Pakistan’s Digital Exports
World Bank says Pakistan can boost exports by investing in digital infrastructure and skills — identifies $5B digital services sector as underutilized.
Muhammad Hashir
