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RDA Blacklists 293 Illegal Housing Schemes in Rawalpindi
The Rawalpindi Development Authority (RDA) has declared 293 private housing schemes illegal for operating without mandatory approvals and has warned the public against investing in them. Under the direction of Commissioner Rawalpindi and Director General RDA, Engineer Aamer Khattak, the authority is taking strict legal action, including filing FIRs, sealing offices, and demolishing illegal structures. The schemes, located across areas like Taxila, Gujar Khan, and Kahuta, were identified for violations such as unauthorized development, illegal marketing, and incomplete applications. The RDA strongly advises investors and overseas Pakistanis to verify the legal status of any project on the official RDA website, as the authority will not be responsible for financial losses incurred through these unauthorized transactions.
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Punjab Launches Pakistan’s First e-Taxi Fleet
Punjab has debuted Pakistan’s first electric taxi scheme, deploying 1,100 eco-friendly vehicles to slash emissions and create high-paying jobs. With a 30% quota for women and government-funded down payments of up to 60%, the program is designed to get more female drivers on the road safely. Each taxi features a PSCA-linked panic button and integrates with apps like In-Drive, offering drivers a chance to earn up to PKR 200,000 monthly through affordable five-year installment plans.
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Saudi Arabia Targets Investment in Pakistan's Rice Industry
Saudi Arabia expressed keen interest in investing in Pakistan's rice sector via corporate farming, mechanization, and logistics to secure long-term supplies, as discussed in a meeting between Commerce Minister Jam Kamal Khan and Saudi Assistant Minister Ibrahim Al-Mubarak. Talks covered broader agriculture (rice, fodder, meat), Saudi financing for export projects, productivity boosts in crops like cotton, joint market access in Central Asia/Africa/ASEAN, vocational training for healthcare/hospitality workers, and opportunities in building materials, pharmaceuticals, and manufacturing.
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Pakistan Meets 3 of 5 IMF Targets, Misses Retail Tax
Pakistan met 3 of 5 IMF fiscal targets for its next $1B tranche, hitting primary surplus (PKR4.1T), provincial cash surplus (PKR1.18T), and tax revenue goals, boosted by SBP profits and PKR823B petroleum levy. FBR missed PKR6.49T collection by PKR330B and retail income tax target despite broader scope. Provinces led gains; federal spending hit PKR7.1T under $7B IMF program.
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PIBT Set for $5B Yearly Reko Diq Mineral Exports
Pakistan International Bulk Terminal Limited (PIBT) will manage over $5 billion in annual mineral exports from Reko Diq starting 2028, with Barrick's Reko Diq Mining Company signing a port deal for copper-gold concentrate at Port Qasim. The project—Balochistan's massive undeveloped deposit (50% Barrick, 25% each federal/provincial)—projects 800K-1M tonnes yearly, scaling from $2.7B to $5B post-expansion, backed by $150M terminal upgrades within a $7.7B investment. Chinese/Pakistani firms expand mining leases nearby, with PIBT eyeing barite, phosphate, iron ore, sand exports and Gulf partnerships amid government security pledges.
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PM Sharif Launches Solar Scheme for Gilgit-Baltistan
PM Shehbaz Sharif launched a 58.8 MW solar panel scheme for Gilgit-Baltistan, providing free panels to 147,873 verified households and SMEs to combat electricity shortages. Beneficiaries handle batteries, inverters, and transport; applications via online portal or district offices ensure transparent, merit-based selection. The initiative boosts remote area living standards and sustainable development.
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Government Approves Rs. 13 Billion Upgrade for Armed Forces Institute of Cardiology (AFIC)
The federal government has approved a Rs13 billion expansion for the Armed Forces Institute of Cardiology (AFIC) and the National Institute of Heart Diseases (NIHD) in Rawalpindi. The project aims to alleviate severe overcrowding and treatment delays at the facility, which serves both military and civilian patients. To navigate fiscal constraints, the government will fund the expansion by diverting savings from slow-moving projects within the Public Sector Development Programme (PSDP) and securing Rs6 billion from foreign sources. This expansion was part of a larger Rs240 billion development package approved by ECNEC, which also includes the Karachi Yellow Line BRT and the Prime Minister’s Youth Skill Development Programme.
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