Fitch Ratings Upgrades Pakistan’s Credit Rating to ‘B-‘ from ‘CCC+’ with Stable Outlook
Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC+’ with a Stable outlook, reflecting
SECP to Set Up Dedicated Corporate Ultimate Beneficial Ownership Registry
The Securities and Exchange Commission of Pakistan (SECP) has proposed certain amendments to the Companies Regulations, 2024 (the Regulations) to
Pakistani Labor Immigration to UAE Plummets as Saudi Arabia Becomes Top Destination
Pakistani labor immigration to the United Arab Emirates (UAE) has declined sharply during the first quarter of 2025, primarily due
Pakistan Faces 3,000 MW Power Shortfall as Demand Exceeds 21,000 MW
Pakistan’s electricity demand has surged beyond 21,000 megawatts (MW), creating a significant power shortfall, according to sources within the Power
KP Govt Legalizes Cannabis Cultivation for Industrial and Medical Use
The Khyber Pakhtunkhwa government has taken a landmark decision to legalize the cultivation of cannabis (hemp) in specific districts of
IMF Mission Identifies Political Appointments and Weak Oversight in Pakistan’s Governance
The International Monetary Fund (IMF) has identified significant governance and corruption challenges in Pakistan’s public sector following a comprehensive assessment.
Neelum-Jhelum Hydropower Project Closure Costs National Exchequer Rs. 42 Billion Annually
The Neelum-Jhelum Hydropower Project (NJHP) has been incurring substantial financial losses due to repeated closures, with an estimated annual loss
Govt to Launch Interest-Free Loan Scheme for Pakistanis Seeking Foreign Jobs
The government has planned to provide interest-free loans of up to Rs. 1 million to 100,000 young people going abroad
Ghani Chemical Shareholders Approve Rs. 1.5 Billion Investment in Subsidiary
Ghani Chemical Industries Limited (PSX: GCIL) shareholders have authorized an investment of up to Rs1.5 billion in Ghani ChemWorld Limited
Korangi Fire Rages for 18 Days, Sindh Govt Turns to US Specialists
American specialists will be brought in to help combat the persistent fire that erupted during drilling operations near an oil
