Category: Latest News

Value Addition in Critical Minerals Key to Boosting Pakistan’s Exports, Says ICMA

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Nova-Minerals

Islamabad: Pakistan must shift its focus from exporting raw critical minerals to developing processed, value-added and ESG-compliant mineral products in order to boost foreign exchange earnings and achieve sustainable economic growth, according to a policy note issued by the Institute of Cost and Management Accountants of Pakistan (ICMA). The policy note, released following Pakistan’s first-ever shipment of critical minerals to the United States in October 2025, acknowledges the export as a historic milestone but stresses that the real economic opportunity lies beyond raw extraction. ICMA emphasized that without domestic processing,…

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Clifton Urban Forest Partners with PARCO and Pakistan Coast Guards for Mangrove Plantation Drive

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New-Project32

Karachi: Clifton Urban Forest has joined hands with Pak-Arab Refinery Limited (PARCO) and the Pakistan Coast Guards to launch a major mangrove plantation initiative along the Karachi coastline, marking a significant step toward coastal restoration and climate resilience. The collaborative effort aims to enhance mangrove cover along the coast to protect fragile marine ecosystems, conserve biodiversity, and strengthen natural defenses against climate-related threats such as coastal erosion and sea intrusion. Mangroves play a vital role in supporting marine life, stabilizing shorelines, and acting as natural carbon sinks. Stakeholders involved in…

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OGDCL Receives Seventh Circular Debt Payment of Rs7.73bn from PHL

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New-OGDCL1

Islamabad: Oil & Gas Development Company Limited (OGDCL) has received the seventh installment of Rs7.725 billion from Power Holding (Private) Limited (PHL) under the government-approved circular debt settlement mechanism, the company disclosed in a filing to the Pakistan Stock Exchange (PSX) on Tuesday. The payment forms part of a structured plan approved by the Government of Pakistan (GOP) to address long-standing circular debt issues in the energy sector. Under the arrangement, a total interest amount of Rs92 billion is being repaid to OGDCL in twelve equal monthly installments, which commenced…

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NA Passes Landmark CSR Bill to Mandate Corporate Disclosures

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Sindh-Assembly

Islamabad, January 24, 2026: In a major legislative development, the National Assembly on Wednesday passed The Corporate Social Responsibility (CSR) Bill, 2026, marking Pakistan’s first-ever statutory framework to govern CSR practices for large companies and listed firms. The move is aimed at enhancing transparency, accountability, and targeted social impact by the corporate sector across the country. The bill, introduced as a Private Member’s Bill by Pakistan Peoples Party (PPP) lawmaker Dr. Nafisa Shah, received approval after it was reviewed and amended by the Standing Committee on Finance and Revenue. The…

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Govt Seeks $36bn Loans from IFIs, Saudi Arabia to Ease Power Sector Debt, Cut Tariffs

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power-transmission

ISLAMABAD: The government is in talks with International Financial Institutions (IFIs) and Saudi Arabia to secure loans worth $36 billion over 13 years starting FY2027 to refinance the power sector’s mounting debt-servicing burden, a move aimed at lowering electricity tariffs—particularly for industry, well-informed sources told Business Recorder. According to the sources, discussions with IFIs, including the World Bank and the Asian Development Bank (ADB), are centered on financing at an interest rate of around 2 per cent, while funding from Saudi Arabia is being explored at a lower rate of…

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