Author: Admin

ISLAMABAD: Federal Minister for the Board of Investment Qaiser Ahmed Sheikh has said that embracing modern technology and attracting strategic investment are essential to securing Pakistan’s energy future. Speaking to the media after inaugurating the Pakistan Energy Exhibition & Conference 2025 (PEEC-2025) on Wednesday, the minister said Pakistan was entering a new era in energy policy, refining, and exploration—one that makes the country an increasingly attractive destination for both local and international investors. Sheikh reaffirmed the government’s commitment to strengthening the energy sector and expanding investment opportunities. He emphasised that…

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ISLAMABAD: Pakistan is losing as much as 6.5% of its GDP to entrenched corruption and elite capture, the International Monetary Fund (IMF) said on Wednesday in a damning governance assessment released ahead of its executive board meeting for the approval of two loan tranches worth $1.2 billion. The Ministry of Finance published the long-delayed Governance and Corruption Diagnostics Report after withholding it for nearly three months. The IMF highlighted that the Rs5.3 trillion recovered from corruption-related assets between January 2023 and December 2024 represents only a “fraction” of Pakistan’s true…

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DUBAI: Saudi Aramco announced on Wednesday that it has signed 17 preliminary agreements with major US companies, carrying a potential value exceeding $30 billion. The development coincides with Saudi Crown Prince Mohammed bin Salman’s high-profile visit to Washington and underscores deepening economic ties between Riyadh and Washington. According to Aramco, the agreements span multiple sectors, including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and the procurement of materials and services. Saudi and US officials highlighted the deals as a strong indication of strengthening bilateral investment flows. “We expect…

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