Author: Admin

Pakistan, Indonesia to Review $4bn Trade Pact to Fix Imbalance, Expand Market Access

Admin
Indonesia-Pakistan

ISLAMABAD: Pakistan and Indonesia have agreed to review their $4 billion Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) in an effort to boost bilateral trade and address the persistent trade imbalance that currently favours Indonesia. The decision was formalised during a meeting between Prime Minister Shehbaz Sharif and Indonesian President Joko Widodo at the Prime Minister’s Office on Tuesday, where both leaders underscored the importance of strengthening economic engagement. IP-PTA Review Aimed at Broadening Scope Signed in 2012, the IP-PTA provides preferential tariff concessions on a variety of goods—mainly textiles, agriculture products,…

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Chinese Firm Plans Major Solar Panel Manufacturing Plant in Pakistan, Eyes Multi-Billion-Dollar Investment

Admin
Solar-Panel

ISLAMABAD: China’s Hebei Juhang Energy Technology Group has expressed strong interest in setting up a large-scale solar panel manufacturing plant in Pakistan, targeting both domestic needs and international export markets. A delegation led by Chairman Wang Jianbin, joined by representatives of the China-Pakistan Business Forum, met with Minister for the Board of Investment (BoI) Qaiser Ahmed Sheikh on Tuesday to outline plans for potential multi-billion-dollar investments in Pakistan’s solar and high-tech sectors. ‘A Golden Opportunity for Investment in Pakistan’ Welcoming the proposal, Minister Sheikh said this was “a great time…

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Nepra Approves 33-Paisa Tariff Hike as Regulator Flags Deepening Power-Sector Inefficiencies

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a 33-paisa per unit increase in the national uniform electricity tariff for three months (December–February), while simultaneously allowing discounted incremental rates for industrial and agricultural consumers. The regulator’s decision comes with a sharply worded additional note highlighting pervasive inefficiencies, theft, mismanagement, and the underutilisation of cheaper power plants—costs that Nepra warned should not be passed on to consumers. 33-Paisa Quarterly Tariff Adjustment Nepra approved a positive Quarterly Tariff Adjustment (QTA) of Rs6.067 billion for the first quarter of FY26.The increase…

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ECC Approves Higher Petrol & Diesel Margins for OMCs, Dealers

Admin
New-Oil1

ISLAMABAD: The Economic Coordination Committee (ECC) has approved an increase of Rs2.56 per litre in combined profit margins for oil marketing companies (OMCs) and petroleum dealers to improve sector profitability, while also introducing stricter rules for used vehicle imports and limiting chloroform imports to certified pharmaceutical companies. Chaired by Finance Minister Muhammad Aurangzeb, the ECC approved a Rs1.22 per litre rise in OMC margins and a Rs1.34 per litre increase for petrol and diesel dealers. The adjustments will be rolled out in two phases. Immediate Increase from Next Price Revision…

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GITEX Announces Landmark Expansion into Vietnam, Unlocking US$200bn Digital Economy Potential

Admin
New-Project76

Hanoi, Vietnam: Vietnam’s rapidly rising technology landscape is set to enter a new era of global collaboration and innovation with the official announcement that GITEX – the world’s largest and highest-rated tech show brand – is expanding into Vietnam. Organised by Dubai World Trade Centre (DWTC) and KAOUN International, in partnership with the Vietnam National Innovation Center (NIC) and facilitated by the Tony Blair Institute for Global Change (TBI), the inaugural GITEX AI VIETNAM will take place in Hanoi from 1–2 October 2026. The event will serve as an anchor…

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