TechMusk’s xAI explores Saudi options to expand data operations
Saudi Arabia’s Public Investment Fund is expected to play a key role in future financing for xAI
Jul 17, 2025
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HeadlinesPlanning ministry rejects ECC's Rs50bn subsidy request for power sector
Planning Ministry cites fiscal constraints, urges reallocation from already surrendered funds for power sector subsidy
Jul 17, 2025
World Business NewsIndonesia and U.S. reach trade deal to lower tariff to 19% from 32%
Trump says the deal includes Indonesia's agreement to buy 50 Boeing jets, $15 billion in energy, and $4.5 billion in agricultural goods
Jul 17, 2025
HeadlinesPAC questions NTC for failing to deposit surplus profits, incurring billions in unauthorised expenditures
Committee demands recovery of unauthorised bonuses and a report on irregularities within a month
Jul 17, 2025
HeadlinesHonda Atlas exports first batch of cars to Japan
Company exports 38 units, reports 42% increase in revenue, but warns of high costs and lack of government support for large-scale exports
Jul 17, 2025
HeadlinesIMF urges Ministry of Finance, SBP to find solution for Pakistan Remittances Initiative financing
NA Standing Committee on Finance raises concerns over reward structure for remittance facilitation, calls for revisions
Jul 17, 2025
HeadlinesCross-subsidies for gas consumers to be phased out, direct financial support model expected by 2026
Government in talks with IMF to replace cross-subsidies with targeted income-based subsidies under the Benazir Income Support Programme, aiming for reform by 2026
Jul 17, 2025
HeadlinesGovt signs new agreement with PSMA on sugar exports, amid IMF concerns
Sugar exports allowed if stock exceeds 7 million metric tonnes, but critics point to price-fixing and IMF objections
Jul 17, 2025
HeadlinesFBR directs ministries to submit details of autonomous bodies’ pay structures for ad hoc allowances
Finance Division urges ministries to comply with pay structure and allowance approval requirements for autonomous and semi-autonomous bodies by July 30, 2025
Jul 17, 2025
HeadlinesGovt confirms ongoing talks with IMF over sugar import tax exemptions
FBR exempts duties on 500,000 metric tons of sugar, but concerns arise over rationale for imports amid adequate domestic stocks
Jul 17, 2025
HeadlinesPakistan, Azerbaijan reaffirm resolve to boost trade, connectivity and investment
Azerbaijani Deputy Minister Samad Bashirli begins official visit to Islamabad; meets Minister Abdul Aleem Khan to deepen economic ties
Jul 16, 2025
HeadlinesGovt sets ex-mill sugar price at Rs165/kg, retail capped at Rs173–175
Ministry of National Food Security rejects media claims of inconclusive meeting, confirms formal decision on pricing
Jul 16, 2025