2026

Pakistan

CDWP Approves 12 Development Projects Worth Rs436 Billion

ISLAMABAD — The Central Development Working Party (CDWP) has greenlit 12 development projects valued at around Rs435.7 billion. This move, part of the URAAN Pakistan initiative, took place during a meeting led by the Federal Minister for Planning. Projects Ready for Immediate Implementation Among the approved projects, six require a budget of Rs16.9 billion. These initiatives have been fully cleared by the CDWP and are set to begin right away. Projects Awaiting ECNEC Approval The CDWP has also forwarded six significant schemes to the Executive Committee of the National Economic Council (ECNEC) for final approval. These projects, which collectively estimate a cost of Rs418.8 billion, are designed to drive development across various sectors in Pakistan.

Pakistan

Naveed Qamar Supports Sector-Neutral Tax Policy, Asserts Parliamentary Authority

ISLAMABAD — The National Assembly’s Standing Committee on Finance and Revenue, led by Syed Naveed Qamar, conducted a review of the Finance Bill 2026. This evaluation emphasized the need for a sector-neutral tax policy and reinforced Parliament’s constitutional authority over taxation issues. Key Discussions in the Committee The committee delved into several critical areas of taxation, focusing on improving the system’s fairness and efficiency. Sales tax exemptions Import regulations Income tax reforms Digital tax administration Examination of Sector-Specific Concessions During their review, they analyzed the concessions granted to various sectors. The objective was to ensure balanced and equitable treatment for all industries. Parliamentary Oversight and Tax Policy The ongoing efforts aim to refine tax policies, ensuring that no sector receives undue advantages. The assessment underscores the critical role of parliamentary oversight in these developments.

World

China Applauds US-Iran MoU, Calls for Commitment

BEIJING — China has voiced its support for the phase-one Memorandum of Understanding (MoU) signed between the United States and Iran. Chinese Foreign Ministry spokesperson Lin Jian urged all parties involved to uphold their commitments. On Thursday, he highlighted the MoU’s significance in reducing regional tensions and maintaining ceasefire momentum. China’s Diplomatic Commitment In an official statement, Lin stressed the importance of continued adherence to the MoU by all parties, especially the US and Iran. He emphasized China’s confidence in the agreement’s potential to promote peace and stability in the region. Promoting Further Dialogue The MoU marks a crucial first step in diplomatic engagement between Washington and Tehran. Beijing advocates for increased dialogue and cooperation to build on this progress. The aim is to enhance international relations and demonstrate a strong commitment to global diplomacy.

Business

Pakistani Investment Minister Meets Iranian Ambassador

ISLAMABAD — Federal Minister for Board of Investment, Qaiser Ahmed Sheikh, recently met with Reza Amiri Moghadam, the Iranian Ambassador to Pakistan, to discuss improving bilateral investment opportunities and strengthening economic ties between the two countries. Exploring Collaboration Opportunities The officials identified several potential areas for collaboration. They emphasized the importance of increasing mutual investments to enhance both nations’ economic landscapes. Sheikh highlighted Pakistan’s favorable investment environment and reiterated the government’s commitment to facilitating Iranian investors. Strengthening Economic Cooperation Ambassador Moghadam expressed optimism about expanding economic cooperation. He welcomed initiatives aimed at fostering greater connectivity between the business sectors of Pakistan and Iran. Strategic Importance of Bilateral Relations The meeting underscored the strategic importance of enhancing bilateral relations amidst evolving regional dynamics. Both parties recognized the potential for economic growth through strengthened partnerships.

Pakistan

Pakistan, Germany Seek Enhanced Cooperation in Agriculture, Food Security

ISLAMABAD — Federal Minister for National Food Security and Research, Rana Tanveer Hussain, recently met with German Ambassador Ina Lepel. They discussed enhancing cooperation in agriculture and food security between Pakistan and Germany. Focus on Agriculture and Livestock Development The discussions focused on agriculture, livestock development, and agricultural modernization. Key areas of interest included sustainable farming methods and adopting advanced agricultural technologies. Sustainable Farming Methods They explored various sustainable farming techniques keen on increasing productivity while maintaining environmental health. Advanced Agricultural Technologies The conversation highlighted the adoption of cutting-edge technologies aimed at modernizing traditional agricultural practices. Advancing Food Security The collaboration aims to enhance food security in both countries. By sharing expertise and innovative practices, Pakistan and Germany seek to promote sustainability and strengthen the livestock sector. Commitment to Bilateral Relations After the talks, Minister Hussain presented a souvenir to Ambassador Lepel as a gesture of goodwill. This demonstrates Pakistan’s commitment to building international partnerships in crucial sectors like agriculture, livestock, and biotechnology.

Pakistan

Pakistan, Germany Discuss Cooperation in Agriculture, Technology

ISLAMABAD — Federal Minister for National Food Security and Research, Rana Tanveer Hussain, recently met with German Ambassador Ina Lepel to discuss enhancing cooperation in agriculture, livestock, and biotechnology. Strengthening Bilateral Ties The discussions centered on fortifying relations to promote agricultural modernization and improve food security. Emphasis was placed on collaboration for mutual benefits, especially in developing the livestock industry. Key Cooperative Sectors Agricultural modernization initiatives Food security advancements Livestock industry development Minister Hussain, in a goodwill gesture, presented a souvenir to Ambassador Lepel, highlighting the friendly ties between Pakistan and Germany. Enhancing International Partnerships This meeting represents a step forward in Pakistan’s efforts to strengthen relationships with international partners. By focusing on essential sectors, the country aims to encourage growth and innovation through the exchange of expertise and resources.

Pakistan

Rana Sanaullah Meets Russian Ambassador in Islamabad

ISLAMABAD — Federal Minister for Inter-Provincial Coordination, Rana Sanaullah, had a significant meeting with the Russian Ambassador to Pakistan, Albert P. Khorev, in Islamabad. This meeting aimed to strengthen Pakistan-Russia relations. Bilateral Cooperation Discussions During this meeting, both officials expressed mutual interests in exploring additional areas of cooperation. Sustained communication across various sectors was highlighted as a key component. Importance of Continuous Dialogue Sanaullah and Khorev underscored the necessity of maintaining an ongoing dialogue to further advance Pakistan-Russia partnerships. This highlights Pakistan’s efforts in solidifying relations with key international allies. Enhancing communication Exploring new cooperation areas Emphasizing ongoing dialogue Future Collaboration Prospects While specific agreements were not disclosed, the meeting focused on future collaboration possibilities. This engagement emphasizes Pakistan’s commitment to strengthening ties with global partners.

Business

Pakistan Hosts Chinese Pharma Delegation for Karachi Investment Meet

Pakistan’s Ambassador to China, Khalil Hashmi, recently welcomed a high-level Chinese delegation in Beijing. This group included representatives from 40 top firms in the pharmaceuticals, biotechnology, and healthcare sectors. The meeting took place at the Embassy of Pakistan, focusing on strengthening economic relations. Role of China Overseas Development Association The China Overseas Development Association was at the forefront of the delegation. Their primary objective was to deliver a detailed briefing on investment opportunities in Pakistan. The emphasis was on the dynamically growing sectors of the Pakistani economy. Highlights of the Karachi Conference This meeting was a precursor to the 6th Pakistan-China Business-to-Business (B2B) Investment Conference. Set to occur in Karachi, the conference aims to enhance economic partnerships between Pakistan and China. It will delve into potential joint ventures in critical sectors, fostering mutual growth.

Pakistan

Supreme Court, State Bank Sign Deal to Digitalise Payments

ISLAMABAD — The Supreme Court of Pakistan and the State Bank of Pakistan have formalized a landmark agreement to digitalise payments within the judiciary system. The agreement was signed in a ceremony at the Supreme Court in Islamabad, attended by the Registrar, Director General Reforms, and top officials from the State Bank. Digital Transformation of Judicial Financial Transactions This initiative seeks to streamline and modernise financial transactions within the judiciary. By incorporating advanced digital solutions, the move enhances both efficiency and transparency in Pakistan’s legal framework. The agreement represents a significant advancement in judicial processes. Benefits for the Legal Community and Public Officials highlighted the partnership’s role in fostering quicker and more secure payment methods. This development promises substantial advantages for the legal community and the public, ensuring a more efficient judicial system. The improved financial processes aim to benefit all stakeholders involved.

Business

Ahsan Iqbal Leads National Price Monitoring Committee Meeting

ISLAMABAD — Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal led a session of the National Price Monitoring Committee (NPMC) on Monday, focusing on reviewing current price trends to assess measures for inflation control. Strategies for Price Stabilization The meeting gathered key stakeholders to discuss strategies for stabilizing prices. A priority was ensuring the nationwide availability of essential goods. Participants extensively reviewed relevant data. Various policy measures were considered to address economic challenges from rising cost pressures. This collaborative approach is essential for maintaining market stability. Role of the National Price Monitoring Committee The NPMC acts as a crucial forum for government interaction with various sectors. Its primary goal is maintaining affordability and accessibility of products for the public. The outcomes of this meeting aim to guide future planning and development initiatives, fostering economic growth. Focus on Economic Stability Ahsan Iqbal highlighted the importance of collective efforts to manage price fluctuations and support economic stability. He emphasized the need for all sectors to contribute effective solutions. These efforts are vital for combating inflation and ensuring a steady economic landscape, benefiting consumers and the broader economy.

Scroll to Top