TechMusk’s xAI targets $113 billion valuation with $5 billion debt package
A larger investment round is expected to follow the secondary offering, in which xAI plans to offer new equity to outside investors
Jun 3, 2025
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World Business NewsAir India CEO says Pakistan airspace ban is hitting airline hard financially
Closure of airspace leads to longer flights, higher operational costs for Air India
Jun 3, 2025
HeadlinesGovt earmarks Rs288 billion investment to boost productivity of state-owned enterprises
Initiative marks shift from traditional budget allocations, with high-performing state entities in energy, telecoms, defence, and water sectors funding their own development projects
Jun 3, 2025
HeadlinesProvinces to seek cabinet approval for GST on services, set up agri income tax collection mechanism
All four provinces to implement transition from positive to negative list for GST on services by July 2025, aligning with IMF fiscal targets
Jun 3, 2025
HeadlinesSenate panel briefed on $3.22 billion IT exports, seeks clarity on crypto council and digital governance
Record growth in tech exports, rising investor interest, and questions over jurisdiction of digital bodies dominate IT standing committee session
Jun 2, 2025
HeadlinesCapital Development Authority intensifies crackdown on illegal housing schemes in Islamabad
Suppliers barred from selling construction materials to unapproved societies; citizens urged to verify before investing
Jun 2, 2025
HeadlinesGovt prioritizes investor confidence, eyes bankruptcy law reform and industrial revival
Haroon Akhtar chairs key meetings on upgrading investment laws and reviving sick industrial units; draft amendments to be presented June 13
Jun 2, 2025
HeadlinesPakistan Software Export Board begins bookings for Islamabad IT Park ahead of August launch
State-of-the-art 720,000 sq ft facility set to house over 120 IT firms and Pakistan’s first Tier III Data Centre
Jun 2, 2025
HeadlinesPakistan takes a step closer to crypto regulation with new technical committee
Finance ministry confirms formation of a committee to shape digital asset laws, as the country signals long-term intent with state-held Bitcoin reserve
Jun 2, 2025
TechGoogle to spend $500 million on compliance overhaul in antitrust case
Google will also form a SVP-level committee reporting directly to Pichai to address regulatory and compliance matters
Jun 2, 2025
EconomyFederal govt plans Rs1tr development outlay in FY26, far short of Rs3tr demand
Rs1tr earmarked under PSDP amid IMF-guided reforms
Jun 2, 2025
EconomyGovt proposes Rs1 trillion development budget, eyes 4.2% GDP growth in 2025-26: Ahsan
Limited fiscal space compels govt to shelve over 100 projects worth Rs1tr
Jun 2, 2025