The State Bank of Pakistan (SBP) has issued a formal clarification stating that recent revisions to trade data by the Pakistan Bureau of Statistics (PBS) will not lead to any major changes in the current account balance figures released by the central bank. The SBP emphasized that its trade statistics are primarily derived from trade payments data reported by commercial banks, rather than the
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Goldman Sachs Raises Gold Price Forecast Amid Economic Uncertainty and Strong Demand
08 October, 2025 0 10Goldman Sachs has significantly raised its gold price forecast, projecting the precious metal to reach $4,900 per ounce by the end of 2026, up from its previous target of $4,300. This revision reflects growing and sustained demand, particularly from central banks and Western investors, which the bank says has redefined gold’s valuation baseline.
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Pakistan’s IT Exporters Enter Kuwaiti Market at Inaugural Tech Conference 2025
08 October, 2025 0 11Pakistan’s information technology sector has officially entered the Kuwaiti market, marking a significant milestone for the country's expanding digital economy. A delegation of 17 prominent Pakistani IT firms, led by the Pakistan Software Export Board (PSEB), participated in the inaugural Pakistan-Kuwait Tech Conference 2025, a first-of-its-kind event focused on fostering bilateral
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Pakistan and Saudi Arabia Advance Plans for CPEC-Style Economic Corridor Following Historic Defense Agreement
08 October, 2025 0 11Pakistan and Saudi Arabia are advancing plans for a major economic initiative known as the Pakistan-Saudi Economic Corridor, a proposed framework designed to enhance regional trade, investment, and connectivity between South Asia and the Middle East. Modeled after the China-Pakistan Economic Corridor (CPEC), this strategic partnership aligns with Saudi Arabia’s Vision 2030 and Pakistan’s
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Hutchison Ports Pakistan Leads Green Port Revolution with Nation’s Largest Electric Container Handling Fleet
07 October, 2025 0 17Hutchison Ports Pakistan, the country’s only deep-water container terminal, is leading the way in sustainable port operations with a significant investment in green technology. The terminal now operates the largest fleet of fully electric container handling equipment in Pakistan, setting a new standard for environmentally responsible logistics infrastructure.
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SBP Clarifies Current Account Balance Following PBS Trade Data Revision
07 October, 2025 0 13The State Bank of Pakistan (SBP) has clarified that its current account balance data will not undergo significant revisions following recent updates to trade figures released by the Pakistan Bureau of Statistics (PBS). In response to speculation about potential changes, the SBP explained that its trade data is primarily derived from trade payments information collected directly from banks,
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Pakistan and Malaysia Strengthen Ties with $200M Meat Deal and Strategic MoUs in Education, Tourism, and Trade
07 October, 2025 0 23Pakistan and Malaysia have recently bolstered their bilateral relations through a $200 million meat import agreement, alongside signing new Memorandums of Understanding (MoUs) covering key sectors such as higher education, tourism, small and medium enterprises (SMEs), Halal certification, and anti-corruption efforts. This significant partnership was highlighted during a high-profile meeting
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Dubai’s Roasters Specialty Coffee House Sets World Record with Nearly 200,000 PKR Cup of Coffee Featuring Rare Panamanian Geisha Beans
07 October, 2025 0 10Dubai’s Roasters Speciality Coffee House has made headlines by setting a world record for serving the most expensive cup of coffee, priced at nearly ₹2 lakhs. This extraordinary offering wasn't just about the beverage—it was a curated luxury experience designed for coffee connoisseurs seeking exclusivity.
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Pakistan’s Mobile App Development Activity Drops to Record Low in 2025, Raising Industry Concerns
07 October, 2025 0 10Pakistan’s mobile app development industry experienced a significant downturn in 2024, with Android app output plunging 55% year-over-year to just 1,700 new apps. This sharp decline, detailed in the State of Apps 2024 report by Data Darbar using Appfigures data, marks one of the most severe setbacks in the country’s digital development history. In contrast, iOS app production remained steady,
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Pakistan Relaxes Used Car Import Regulations for 2025, Aligns Policy with Regional Best Practices
07 October, 2025 0 12Pakistan is set to ease its used car import policy, allowing commercial imports of passenger vehicles up to five years old starting in September 2025. The decision marks a significant shift aimed at balancing consumer demand, regional trade practices, and domestic industry protection. Under the new framework, these imports will be allowed until June 30, 2026, with a 40 percent regulatory duty in
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