Prime Minister Shehbaz Sharif on Tuesday rolled out Pakistan’s New Energy Vehicle (NEV) Policy 2025-30, touting it as a landmark step to curb emissions, cut fuel imports and put the country on the road to a cleaner, youth-driven economy. Unveiling the plan at a ceremony in Islamabad, Shehbaz said the policy reflects Pakistan’s national commitment…
Citi Pharma has become Pakistan’s largest antibiotics maker after a China-backed expansion that lifted output tenfold to 100,000 vials a day.
New budget targets auto elite, spares hybrids amid pressure from Tokyo Pakistan is set to impose steeper withholding taxes on a wide range of luxury vehicles in its upcoming 2025-26 budget, part of a broader revenue-boosting push to meet International Monetary Fund (IMF) benchmarks — even as it moves carefully to accommodate Japanese pressure on…
Honda Atlas Cars Pakistan has achieved a historic milestone by exporting its first-ever batch of completely built-up (CBU) units, with 40 Honda City 1.2L vehicles dispatched to Japan. The landmark export underscores Pakistan’s growing role in the global automotive industry and aligns with the government’s vision of boosting industrial and export-led growth. Special Assistant to…
The Competition Commission of Pakistan (CCP) has granted approval to the share acquisition in Unity Foods company of Pakistan by four acquirers, including a Singapore-based investment holding company. The approved transaction involves the acquisition of a 23.20% shareholding in M/s. Unity Foods Limited by the four acquirers. One of the acquirers is M/s. Wilmar Pakistan…
The Securities and Exchange Commission of Pakistan (SECP) has announced a series of amendments to the Companies (Further Issue of Shares) Regulations, 2020, after extensive consultations with stakeholders and the public. The SECP revealed Thursday the adoption of revised regulations aimed at simplifying the process of right issuance, bolstering disclosures in offer documents, and adjusting…
GSP+ elevates Pakistan’s exports to the EU, fostering growth and sustainability with zero-rated tariffs on two-thirds of products. The European Union (EU) urges Pakistan for practical implementation of 27 international conventions that are integral to the Generalized System of Preferences Plus (GSP+) scheme. The EU’s fourth report on the scheme underscores Pakistan’s legislative advancements. However,…
Naveed Ahmed Following Saudi Arabia, Egyptian tycoon Naguib Sawiris, a luminary in the realms of telecommunications and gold mining, is also considering a substantial investment in Pakistan’s Reko Diq Copper Gold project. As far as the volume of foreign investment is concerned, Sawiris wants to invest $7 billion. He wants to expand his business footprint…