The China-Pakistan Economic Corridor (CPEC) is a series of infrastructure projects aimed at connecting Pakistan’s Gwadar port to China’s northwestern Xinjiang region via a network of roads, railways, and pipelines. Part of China’s ambitious Belt and Road Initiative (BRI), CPEC is being touted as a game-changer for Pakistan’s economy. The CPEC Administration was established in…
According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) rose by Rs1,000 per tola and Rs857 per 10 grams to settle at Rs205,600 and Rs176,268. Silver prices in the domestic market remained unchanged at Rs2,250 per tola and Rs1,929 per 10 grams, respectively. Investors and…
The textile industry is one of the largest industries in Pakistan and is a major contributor to the country’s economy. It accounts for 60% of the country’s exports and provides employment to millions of people. However, the industry is currently facing a severe financial crisis, which could lead to defaults and bankruptcies. In 2023, Pakistan’s…
Elon Musk’s Starlink satellite internet service is officially registered in Pakistan and the company is about to start providing internet services in the country. Starlink’s registration in Pakistan marks a major development in the country’s internet landscape, promising to bring cheap, reliable, and fast internet to places where access is unreliable, expensive or simply unavailable….
On March 21, 2023, a magnitude 6.8 earthquake struck and was felt throughout the region. A 6.8-magnitude earthquake has struck Afghanistan and Pakistan, killing nine people, including two women, and injuring over 160 others as well as causing many buildings to collapse. The Pakistan Meteorological Department put the aftershock at a slightly higher magnitude of…
Pakistan Prime Minister Shehbaz Sharif has announced a petrol subsidy package of Rs 50 per liter in an effort to provide some relief to the public amid rising fuel prices He directed that the petroleum relief would be given to low-income consumers, who have motorcycles, rickshaws, 800 cc cars and other small vehicles. The subsidy…
