Pakistan signs offshore, onshore exploration deals with OGDCL, Turkish Petroleum and partners

KARACHI: The Government of Pakistan on Wednesday executed petroleum exploration agreements for one offshore and two onshore blocks with a consortium of state-run and foreign firms, the country's largest explorer…

NNR December 3, 2025

PSX

Pakistan’s tech exports hit record $386 million in October, Sector booms

ISLAMABAD - Pakistan's technology exports surged to an all-time high of $386 million in October, officials said on Monday, driven by regulatory reforms and growing global clientele, putting the sector on…

NNR November 17, 2025

PSX

Pakistan grants power agency new role in market overhaul, caps legacy contracts

ISLAMABAD: Pakistan's power regulator has approved the registration of the Central Power Purchasing Agency (CPPA-G) as a Special Purpose Agent (SPA), a key step in the country's long-delayed electricity market…

Muhammad ALI October 15, 2025

PSX

Pakistan moves forward with trade liberalization

KARACHI: Pakistan is moving ahead with significant trade liberalization measures, including the phased elimination of Additional Customs Duty (ACD), as part of its commitment under the International Monetary Fund (IMF) program. While…

NNR June 2, 2025

Pakistan signs $1.2 billion deferred payment oil import agreement with Saudi Arabia

Pakistan has signed an agreement with the Saudi Fund for Development (SFD) to import Saudi oil on deferred payment for one year, totaling $1.2 billion, according to an official statement.…

NNR February 3, 2025

Business & Finance

How Tech Startups are Shaping the Future of Karachi

Karachi, the bustling metropolis of Pakistan, has long been known for its vibrant culture, economic significance, and diverse population. In recent years, however, a new narrative has begun to unfold…

NNR January 12, 2025

Business & Finance

Pakistan may boost IT services exports to $10 billion with strategic interventions

Pakistan could potentially boost its IT services exports to $10 billion in the near future, according to a recent study by the Pakistan Institute of Development Economics (PIDE). However, the…

NNR December 6, 2024

PSX

Pakistan lifts minimum export price on rice amid global market shifts

Pakistan has removed the minimum export price (MEP) on all rice varieties. This decision follows India's recent move to lift its MEP on rice, signaling a potential shift in the…

NNR September 30, 2024

Wire

Elevate raises $5 million to offer US based $ accounts in Pakistan

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They've raised a total of $10 million in equity…

NNR June 6, 2024

London Exchange London Stock Exchange

Tight gas discovery in Sindh, Pakistan by OGDCL

In a significant development for Pakistan’s energy sector, the Oil & Gas Development Company Limited (OGDCL) has announced a new tight gas discovery at its exploratory well, Nur West #01,…

NNR April 8, 2024

PSX

Petroleum sales slump in Pakistan amid high prices and low demand

ISLAMABAD: The sales of petroleum products in Pakistan witnessed a sharp decline of 7% year-on-year (YoY) in December 2023, reaching 1.24 million tons, according to the latest data released by…

NNR January 2, 2024

PSX

Pakistan’s textile exports decline by 7% in November 2023

ISLAMABAD: Pakistan's textile exports fell by 7% year-on-year in November 2023, according to the latest data released by the Pakistan Bureau of Statistics (IPBS). The total value of textile exports…

NNR December 22, 2023