The government announced a two-phase plan on Wednesday to import 350,000 tonnes of sugar through the Trading Corporation of Pakistan (TCP), aiming to stabilise domestic prices and ensure the availability of affordable, quality sugar. The decision was taken during a meeting of the Steering Committee on Sugar Import, chaired by Minister for National Food Security and Research Rana Tanveer Hussain
In a renewed push to diversify funding sources and tap into China’s vast capital market, a Ministry of Finance team is holding high-level meetings in Beijing this week to attract investment for Pakistan’s debut Panda Bond issuance. The outreach comes as Dubai Islamic Bank (DIB) has successfully arranged a $1bn syndicated loan for Pakistan, partially backed by the Asian Development Bank — the fi
The purchase of physical assets was eclipsed last year by a surge in investment in intangible items like software, data and AI, the UN said on Wednesday, describing a “fundamental shift in how economies grow and compete”. Investment in intellectual property-backed assets grew three times faster in 2024 than investments in physical objects like machinery and buildings, which have been hit by hig
Wall Street’s main indexes climbed higher on Wednesday, with Nvidia soaring to a $4 trillion valuation, while investors shrugged off President Donald Trump’s latest tariff salvo. Nvidia rose 2.2 per cent to become the first company to ever hit $4 trillion in market value, solidifying its position as one of Wall Street’s most-favoured stocks to tap in the ongoing surge in demand for artificial i
Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday as data showed that workers’ remittances increased by 26.6 per cent to hit a record $38.3 billion during the fiscal year 2025 as compared to the corresponding period of last year. The State Bank of Pakistan said remittances reached $38.3bn during July-June 2024-25, as compared to the $30.3bn in remittances received during the