Category Business

Pakistan, floating solar project, World Bank, energy transition, renewable energy

Government cancels $300 million floating solar project

ISLAMABAD: Pakistan has decided to abandon a $300 million loan proposal for the development of a 300-megawatt floating solar power project. On Saturday, the government confirmed to The Express Tribune that it had requested the World Bank to pause preparations…

PIA reactivation, grounded aircraft, Boeing 777, Airbus A320, European flights.

PIA intensifies efforts to reactivate grounded aircraft

KARACHI: Pakistan International Airlines (PIA) is ramping up its efforts to bring two grounded aircraft back into operation ahead of its European flights, according to ARY News sources. The aircraft, a Boeing 777 and an Airbus A320, are being prepared…

current account surplus, remittances, trade deficit, foreign direct investment, policy rate reduction

Record C/A surplus achieved in a decade

KARACHI:Pakistan has posted its highest current account surplus in over a decade, recording $729 million for November 2024. This surplus was primarily driven by a notable increase in remittances from overseas Pakistanis, as well as a significant reduction in the…

federal development spending, fiscal constraints, PSDP, IMF, provincial projects.

Uplift expenditure reduced to Rs115 billion.

ISLAMABAD:Federal development spending has decreased to Rs115 billion in the first five months of the fiscal year due to fiscal constraints, but this has not stopped the government from funding more provincial projects, further depleting already limited resources. Development expenditures…

Bitcoin record high, Trump crypto reserve, MicroStrategy Nasdaq inclusion, cryptocurrency market, Bitcoin rally

Bitcoin Surges to All-Time High of $107,000

Bitcoin (BTC) surged to a record high of over $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. strategic bitcoin reserve, similar to the nation’s strategic oil reserve, fueling optimism among crypto enthusiasts. The rally was…