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Pakistan and GCC Sign Historic Free Trade Agreement
Pakistan and the GCC signed this historic free trade agreement after negotiations in Riyadh. The FTA, the first by the GCC since 2009, symbolizes a significant step in economic cooperation. Pakistan and the Gulf Cooperation Council (GCC) signed a free trade agreement (FTA) on Friday, marking a significant development following the conclusion of the final…
Pakistan Ministry Warns of $60B Petroleum Import Bill by 2044, Advances Iran-Pakistan Gas Pipeline Despite US Concerns
Pakistan’s Ministry of Energy has warned that without substantial investments in indigenous energy resources and energy efficiency measures, the nation could face a staggering annual expenditure of $60 billion on petroleum imports by 2044, a significant leap from the current $17.5 billion in FY2022-23. Pakistan has recently approved work on work on an 80-kilometer portion…
Google to Produce 500,000 Chromebooks in Pakistan by 2026
Pakistan Targets $25 Billion IT exports in Five Years Tech giant Google has announced plans to produce 500,000 Chromebooks in Pakistan by 2026. The announcement was marked by the presentation of the first locally manufactured Chromebook to Prime Minister Shehbaz Sharif during a ceremony on Thursday. At the “Agay Barho: A Google for Pakistan Event,”…
Pakistan Removes Senior Officer for Seeking Permission to Join Hamas in Gaza
Pakistani Senior police officer removed from his post for wanting to join Hamas during Gaza violence. He pledged 10% of his salary to aid Palestine. Pakistan condemns “genocide” in Gaza; Foreign Minister Jalil Abbasi Jillani concerned about Israeli attacks and blockade.
China’s Satellite Internet Intensifies Space Race, Threatening Starlink Dominance
Chinese Network Targets Aviation, Navigation, and More Industries. It Challenging Starlink With Fewer Satellites and Wider Coverage China has launched its first high-orbit satellite Internet, propelling itself into the forefront of the “China Satellite” arena and heightening the competitive landscape of the ongoing “Space Race.” This significant achievement, as reported by the state news agency…
Chinese Firms’ Withdrawal Dents Pakistan Steel Mills Privatization
Amid a substantial downturn in Chinese investment in the China-Pakistan Economic Corridor (CPEC), several major Chinese companies have withdrawn from the proposed acquisition and investment in state-run Pakistan Steel Mills. The decision marks a setback for the privatization of this largest non-functional 19,000-acre industrial facility. Before ceasing its operations in June 2015, the facility was…
