Tycoon Arif Habib and Gerry’s Group have emerged as key contenders among the initial ten bidders for Pakistan International Airlines… Read More
Barrick Gold Trying to Raise $2 Billion Funds for Reko Diq
Canadian mining company Barrick Gold is negotiating with the International Finance Corporation and other entities to help raise $2 billion… Read More
Czech Company to Invest Over $1 Million in Pakistan
Icewarp, a software company from the Czech Republic, announced its plans to launch its full-fledged operation in Pakistan, including a… Read More
Hascol Allows Millat Global to Proceed With Acquisition Talks
Hascol Petroleum Limited (PSX: HASCOL) has conditionally accepted an offer from Millat Global Holdings to proceed with negotiations and documentation… Read More
Mari Petroleum to Invest Rs. 2.5 Billion in Mining Subsidiary
The Board of Directors of Mari Petroleum Company Limited (PSX: MARI) in its meeting held on April 26, 2024, approved… Read More
Pakistan Wants $3.5 Billion Loan From Saudi Arabia for Diamer Bhasha Dam
Pakistan has formally requested $3.5 billion funds from Saudi Arabia for the Diamer-Bhasha Dam. Saudis will respond to this request… Read More
Pakistan’s Next Big Mistake: Selling Reko Diq Stake to Saudi Arabia
Pakistan wants to sell a big chunk of its 25 percent stake in the Reko Diq mine in exchange for… Read More
World Bank to Provide $270 Million Additional Financing for CRISP Program
The World Bank will provide additional financing of $270 million for the Crisis-Resilient Social Protection (CRISP) program to support the… Read More
Saudi Arabia Edges Closer to Invest $1 Billion in Reko Diq
Saudi Arabia is edging closer to investing $1 billion in the Reko Diq gold and copper mine in Pakistan, Bloomberg… Read More
Washington: Pakistan Seeks Bigger Loan And More Funds For Climate Change From IMF
The Ministry of Finance has prepared the return document for a new and much larger loan program from the International… Read More
Saudi Arabia to Increase Deposits in SBP to $5 Billion
The Kingdom of Saudi Arabia has agreed to increase deposits in the State Bank of Pakistan from $3 billion to… Read More
UAE Maintains Strong Presence on 2024 Hurun Global Rich List With Numerous Billionaires
The United Arab Emirates (UAE) and its iconic city of Dubai continue to solidify their positions on the global stage,… Read More