Author: Admin

ISLAMABAD: Wafi Energy Pakistan Ltd is considering investing up to $100 million in Pakistan over the next two to three years, as improving macroeconomic stability and stronger foreign exchange buffers help restore investor confidence, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Monday. According to a statement issued by the Ministry of Finance, the finance minister held a meeting with a delegation of Wafi Energy Pakistan Ltd at the Finance Division to review the company’s current operations, investment plans and broader issues facing the oil marketing and…

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ISLAMABAD: Pakistan is participating in the inaugural Critical Minerals Ministerial at the US Department of State this week, as Islamabad steps up efforts to attract foreign investment and build strategic partnerships in the minerals and energy sectors. Federal Minister for Energy Ali Pervaiz Malik is representing Pakistan at the two-day conference, which has brought together delegations from more than 50 countries to discuss strengthening and diversifying global supply chains for critical minerals—key inputs for advanced technologies, clean energy transitions and defence industries. Hosted by the US State Department, the ministerial…

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ISLAMABAD: Pakistan and Uzbekistan have agreed to significantly expand bilateral trade, setting an ambitious target of over $2 billion within the next two years, up from about $450 million recorded last year, by broadening the scope of their Preferential Trade Agreement (PTA). The decision was taken during the 10th session of the Pak-Uzbek Intergovernmental Commission (IGC) on Trade, Economic and Scientific-Technical Cooperation, co-chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister for Industries and Production, and Uzbek Trade Minister Laziz Kudratov. Both sides agreed to more than double…

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DUBAI: The United Arab Emirates’ non-oil foreign trade has exceeded $1 trillion for the first time, marking a major milestone in the country’s economic diversification journey, UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on Sunday. In a post on social media platform X, Sheikh Mohammed said the UAE’s non-oil trade reached AED 3.8 trillion, registering a robust 26 per cent increase compared to the previous year. He described the achievement as a clear indicator of the strength and resilience of the…

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KARACHI: Advisor to the Finance Minister Khurram has called for decentralising climate governance and finance, stressing that effective climate resilience can only be achieved when resources, decision-making and implementation are shifted to the local level. He was speaking at a high-level panel session titled “Decentralizing Climate Action: Unlocking Local Governments’ Role in Climate Finance” during Climate Week Karachi 2026, according to a press release issued by the Ministry of Finance on Tuesday. The advisor noted that while global climate discussions often centre on pledges, targets and policy frameworks, real climate…

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