The textile industry in Faisalabad, a major center for Pakistan’s textile production, is grappling with a severe crisis as more than 100 factories, including the well-known Sitara Textile Mills, have…
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Business
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Minister for Maritime Affairs Qaiser Ahmed Sheikh unveiled a groundbreaking $2 billion investment by global shipping giant Maersk in Pakistan’s port and transport infrastructure. The significant funding, set to be…
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Islamabad, August 14, 2024 — The Sugar Advisory Board (SAB) has approved the export of 40,000 metric tons of sugar to Tajikistan. This decision was made after receiving approval from…
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Business
Sindh Government to Boost Hybrid Vehicle Production with Favourable Policies
by Haktaurusby HaktaurusChief Minister Syed Murad Ali Shah has reiterated the Sindh government’s commitment to bolstering the automotive industry through supportive policies, aiming to enhance localisation and reduce import dependency. He emphasised…
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Business
Food and Agriculture Exhibition Concludes with $1.2 Billion Worth of Deals
by Haktaurusby HaktaurusThe second International Food and Agriculture Exhibition, FoodAg, concluded on a high note at the Karachi Expo Centre, with business deals exceeding $1.2 billion. The three-day event saw participation from…
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In a noteworthy development for Pakistan’s automotive market, the Suzuki Alto has been crowned the best-selling car for July 2024. This achievement comes amidst a broader surge in the country’s…
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Business
Minister Abdul Aleem Khan Calls PIA a “White Elephant,” Reveals Rs830 Billion Loss
by Haktaurusby HaktaurusDuring a footwear exhibition in Lahore, Privatisation Minister Abdul Aleem Khan on Sunday labeled Pakistan International Airlines (PIA) as a “white elephant,” disclosing that the national carrier has incurred a…
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In a landmark shift for the renewable energy sector, solar panel prices in Pakistan have plummeted to their lowest levels ever, now ranging between Rs. 30 and Rs. 32 per…
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Pak Suzuki, a leading name in Pakistan’s automotive industry, has announced the closure of its plant due to significant delays in receiving Completely Knocked Down (CKD) kits. This move has…
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Islamabad, August 5, 2024 — In a significant stride towards bolstering its international footprint, Pak Suzuki Motor Company Limited has initiated vehicle exports to Bangladesh and Afghanistan. This milestone was…
