Tag: sustainable development
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Pakistan inks $107 million deals with Saudi Fund for hydropower projects
Pakistan and the Saudi Fund for Development (SFD) have recently finalised significant agreements aimed at bolstering the country’s energy infrastructure.
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Understanding GSP+ status: What it means for Pakistan’s trade relations
The Pakistan Tehreek-e-Insaf (PTI) has vehemently dismissed accusations levelled by Federal Information Minister Attaullah Tarar, labelling them as unfounded and baseless.
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BYD, global electric vehicle leader, explores investment in Pakistan’s EV sector
BYD, the prominent Chinese automotive conglomerate renowned as the world’s foremost electric vehicle (EV) manufacturer, engaged in discussions regarding the potential of Pakistan’s EV sector.
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Finance Minister envisions Pakistan’s economy soaring to $2 trillion by 2047
Dr. Shamshad Akhtar, the Caretaker Finance Minister, emphasized Pakistan’s significant economic potential, stating that the country could achieve a $2 trillion economy by 2047, as per a World Bank report.
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Japanese car companies consider establishing hybrid vehicle plants in Pakistan
Japan has urged Pakistan to allow the import of manufacturing equipment for vehicles due to the shortage of dollars, which has affected the issuance of letters of credit to Japanese companies operating in the country. Japanese firms are considering the establishment of hybrid vehicle plants in Pakistan, with plans to export the vehicles from the…
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Pakistan’s energy transition gets a boost with $240 million loan from Saudi Fund for Development
On Friday, the Saudi Fund for Development (SFD) signed a loan agreement worth $240 million to support Pakistan’s energy transition through the Mohmand Multipurpose Dam Project. The project, which is co-financed by the SFD, OPEC, the Islamic Development Bank, and the Kuwait Fund for Arab Economic Development, is expected to contribute to Pakistan’s energy security,…