Investing

The ECC has directed the swift sale of 21 Utility Stores Corporation properties valued at Rs12.045 billion as the government moves ahead with the retail chain’s closure and asset liquidation.

Islamabad is set to become home to Pakistan’s first-ever theme park under an MoU signed with Saudi investors. The project aims to boost tourism, entertainment, and investment opportunities, with the CDA providing land for development.

CDA has granted in-principle approval to five major projects in Islamabad, including two Blue Area high-rise towers measuring 659 feet and 580 feet, to promote vertical development and attract investment.

Chinese e-bike maker Horwin has sold 10,000 units in Pakistan in one year and is exploring local manufacturing, technology transfer, and supply chain development to expand its presence in the country.

Pakistan’s construction sector is recovering as subsidised housing loans at a fixed 5% rate boost homeownership and property demand. However, complete documentation and approved building plans remain essential for securing financing.

The National Assembly has approved converting State Life Insurance Corporation into a company, paving the way for potential restructuring and future privatisation while protecting policyholders and employees’ benefits.

Saudi Crown Prince Mohammed bin Salman unveils CEER’s first electric sedan and SUV, marking a major milestone in Saudi Arabia’s automotive industry and economic diversification plans.

FGEHA has signed an agreement with FDHL to develop a 2,000-kanal housing scheme in Capital Smart City, Rawalpindi, expanding housing opportunities for federal government employees and the general public.

Experts urge Pakistan to introduce a national freelancing roadmap to boost digital skills, expand the workforce from three million to four million, and increase export earnings.