黑料社区

Pakistan finmin assures facilitating foreign investors in meeting with Saudi Wafi Energy officials

Pakistan finmin assures facilitating foreign investors in meeting with Saudi Wafi Energy officials
Pakistan鈥檚 Finance Minister Muhammad Aurangzeb (center) meets senior officials of 黑料社区鈥檚 Wafi Energy Pakistan and Asyad Holdings Group in Islamabad on February 20, 2025. (PID)
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Updated 21 February 2025

Pakistan finmin assures facilitating foreign investors in meeting with Saudi Wafi Energy officials

Pakistan finmin assures facilitating foreign investors in meeting with Saudi Wafi Energy officials
  • Wafi Energy made huge investments in Pakistan last year when it became Shell Pakistan鈥檚 majority shareholder
  • Saudi delegation informs Pakistan finmin about plans to expand investments in Pakistan, says Finance Division

ISLAMABAD: Pakistan鈥檚 Finance Minister Muhammad Aurangzeb this week met senior officials of 黑料社区鈥檚 Wafi Energy Pakistan and Asyad Holdings group, promising to facilitate foreign investors via fostering a business-friendly environment in the country, the Finance Division said.聽

Wafi Energy, an affiliate of the Asyad Group, made huge investments in Pakistan when it became the majority shareholder of Shell Pakistan Limited (SPL) in November last year. The Saudi group now holds approximately 87.78 percent of the total issued share capital of SPL.聽

Aurangzeb met Ghassan Al Amoudi, CEO of Asyad Holdings and Wafi Energy Pakistan Limited Chairman Zubair Shaikh on Thursday. He welcomed the delegation and appreciated both groups鈥 contributions to Pakistan鈥檚 energy and investment sectors, the Finance Division said.聽

鈥淗e reaffirmed the government鈥檚 commitment to facilitating foreign investors and ensuring a business-friendly environment,鈥 the statement said on Thursday.聽

Aurangzeb spoke to the delegation about his recent visit to 黑料社区 for the AlUla Conference 2025, commending 黑料社区鈥檚 strides in economic diversification and infrastructure development.

The Saudi delegation informed the minister about their plans to expand their investments in Pakistan, emphasizing that the South Asian country already hosts their largest investments, the Finance Division said.聽

鈥淭hey expressed confidence in Pakistan鈥檚 economic potential and shared their vision for further collaboration in the downstream petroleum sector and energy infrastructure,鈥 the statement said.聽

The delegation noted that investor and consumer confidence in Pakistan is returning, the Finance Division said.聽

鈥淭he finance minister reiterated the government鈥檚 full support for foreign investors and its dedication to policies that foster investment, innovation, and sustainable economic progress,鈥 the statement said.聽

Pakistan has proactively tried to woo foreign investors and countries into investing in the country鈥檚 energy, infrastructure, real estate, agriculture, livestock and other priority sectors ever since it came close to defaulting on its international payments in 2023.聽

Pakistan formed the Special Investment Facilitation Council (SIFC) in June 2023 to attract international investment in its priority sectors, particularly from Gulf countries.聽

The SIFC is a hybrid civil-military body that aims to fast-track decisions related to international investment. Since its formation, Pakistan has signed several agreements in trade and investment with 黑料社区, UAE, Azerbaijan, Turkiye, China and other countries worth billions of dollars.聽


Pakistan, Qatar agree to broaden partnerships in environmental sustainability, green investments

Pakistan, Qatar agree to broaden partnerships in environmental sustainability, green investments
Updated 09 August 2025

Pakistan, Qatar agree to broaden partnerships in environmental sustainability, green investments

Pakistan, Qatar agree to broaden partnerships in environmental sustainability, green investments
  • Pakistan and Qatar have longstanding economic, defense and cultural relations
  • In 2022, Qatar Investment Authority committed $3 billion for projects in Pakistan

ISLAMABAD: Pakistan and Qatar have agreed to broaden their partnership in diverse areas, including environmental sustainability and green investments, Pakistan鈥檚 climate change minister said on Friday.

The understanding was reached during a meeting between Pakistan鈥檚 Climate Change Minister Dr. Musadik Malik and Qatar鈥檚 Ambassador to Pakistan, Ali Mubarak Ali Essa Al-Khater, in Islamabad.

Malik said the meeting covered Global Plastics Treaty negotiations in Geneva next week, Pakistan鈥檚 upcoming Green Startups Initiative to empower youth and attract international investors.

鈥淏oth sides reaffirmed commitment to expanding cooperation in climate action, trade and people-to-people ties,鈥 the minister said, emphasizing the need for fair, accessible, and people-centered global environmental agreements that address the socio-economic realities of developing countries.

Pakistan and Qatar have longstanding economic, defense and cultural relations. In 2022, the Qatar Investment Authority committed $3 billion for projects in Pakistan, spanning airport management, renewable energy and hospitality.

Pakistan, currently bolstered by a $7 billion International Monetary Fund (IMF) program, ranks among countries most affected by climate change and has been planning several initiatives to boost green economy, aiming to reduce environmental risks and ecological scarcities while ensuring sustainable development.

鈥淭he Ambassador of Qatar expressed strong interest in expanding cooperation in climate action besides trade and investment,鈥 the Radio Pakistan broadcaster reported.


Pakistan eyes new avenues for trade, connectivity as Azerbaijan, Armenia sign peace deal

Pakistan eyes new avenues for trade, connectivity as Azerbaijan, Armenia sign peace deal
Updated 09 August 2025

Pakistan eyes new avenues for trade, connectivity as Azerbaijan, Armenia sign peace deal

Pakistan eyes new avenues for trade, connectivity as Azerbaijan, Armenia sign peace deal
  • US President Donald Trump announced Armenia, Azerbaijan had committed to lasting peace after decades of conflict as he hosted the two leaders
  • Pakistan Prime Minister Shehbaz Sharif hopes that this spirit of dialogue will serve as an example for other regions facing protracted conflicts

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Saturday welcomed a peace agreement between Azerbaijan and Armenia, hoping that it would open new avenues for trade and regional connectivity.

US President Donald Trump announced that Armenia and Azerbaijan had committed to a lasting peace after decades of conflict as he hosted the leaders of the South Caucasus rivals at a White House signing event.

The development comes as Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) loan, looks to capitalize on its geostrategic location to boost transit trade and foreign investment for a sustainable recovery.

鈥淲e congratulate President Ilham Aliyev and the people of Azerbaijan on this historic agreement, that reflects wisdom, foresight and sagacity in charting a course for a peaceful future for their region,鈥 Sharif said on X.

鈥淲e also appreciate the facilitation role of the United States, under President Donald Trump, in bringing the two sides together and securing an agreement that opens new avenues for trade, connectivity, and regional integration.鈥

Christian-majority Armenia and Muslim-majority Azerbaijan have feuded for decades over their border and the status of ethnic enclaves within each other鈥檚 territories.

The nations went to war twice over the disputed Karabakh region, which Azerbaijan recaptured from Armenian forces in a lightning 2023 offensive, sparking the exodus of more than 100,000 ethnic Armenians.

The two former Soviet republics 鈥渁re committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other鈥檚 sovereignty and territorial integrity,鈥 Trump said at the event.

Sharif said Pakistan stood by the brotherly nation of Azerbaijan at this proud moment of their history.

鈥淭his landmark development marks the dawn of a new era of peace, stability, and cooperation in the South Caucasus, a region that has endured decades of conflict and human suffering,鈥 he said.

鈥淚t is our hope that this spirit of dialogue will serve as an example for other regions facing protracted conflicts.鈥

Pakistan and Azerbaijan maintain close ties. In July, Sharif met with Azerbaijan President Ilham Aliyev in Khankendi on the sidelines of the 17th Economic Cooperation Organization (ECO) summit, where the two leaders agreed to boost bilateral trade and investment.

This was Sharif鈥檚 third visit to Azerbaijan in 2025. He last traveled to Baku in May as part of a broader push at economic diplomacy with the Central Asian republics, to whom Pakistan has offered access to its southern ports in Karachi and Gwadar.

In July 2024, Azerbaijan announced a $2 billion investment in Pakistan during a visit by President Ilham Aliyev to Islamabad. In September last year, Pakistan signed a contract to supply JF-17 Block III fighter jets to Azerbaijan, marking the deepening of defense cooperation.


Nawaz sparks Pakistan to five-wicket ODI win over West Indies

Nawaz sparks Pakistan to five-wicket ODI win over West Indies
Updated 09 August 2025

Nawaz sparks Pakistan to five-wicket ODI win over West Indies

Nawaz sparks Pakistan to five-wicket ODI win over West Indies
  • Hasan Nawaz made a triumphant one-day international debut, going 63 not out
  • Nawaz struck for six on the second ball of 49th over and blasted the winning shot

TAROUBA, Trinidad and Tobago: Hasan Nawaz made a triumphant one-day international debut, going 63 not out on Friday to power Pakistan over West Indies by five wickets in their ODI series opener.

Nawaz and Hussain Talat formed a sixth-wicket partnership of 104 not out to rally the visitors in the day-night affair, with game two on Sunday and the concluder on Tuesday.

West Indies went 280 all out with Evin Lewis leading the way on 60 from 62 balls with three sixes and five fours while Shai Hope added 55 and Roston Chase contributed 53.

Needing 281 to win, Pakistan got 53 runs from Mohammad Rizwan before he was bowled lbw by Shamar Joseph in the 38th over with the visitors still 101 runs shy of victory, setting the stage for heroics by Nawaz and Talat.

Nawaz struck for six on the second ball of the 49th over and blasted the winning shot to the boundary off the final delivery by Joseph, giving Pakistan the victory with seven balls to spare.

In all, Nawaz reached 63 on 54 balls with three sixes and five fours while Talat finished on 41 from 37 balls with one six and four fours.

Pakistan won the toss and sent the hosts in to bat first, a choice that paid quick dividends when Brandon King was taken for four on the fifth ball of the opening over, bowled by Shaheen Shah Afridi 鈥 his first of four wickets 鈥 and caught by Babar Azam off stump.

Lewis exited on the last ball of the 19th over, bowled by Saim Ayub and caught by Afridi.

West Indies captain Hope was bowled by Afridi and caught by Rizwan on the second ball of the 41st over, leaving the hosts on 200 for five.

Romario Shepherd, was sent off on four on the last ball of the 43rd over.

Chase made the third half-century for the West Indies with a boundary but went out on the next ball, caught by Azam and bowled by Naseem Shah, who also bowled out Gudakesh Motie and Jediah Blades on the last two Pakistan deliveries.


Pakistan launches national 鈥楢gri Stack鈥 to digitize farming sector

Pakistan launches national 鈥楢gri Stack鈥 to digitize farming sector
Updated 09 August 2025

Pakistan launches national 鈥楢gri Stack鈥 to digitize farming sector

Pakistan launches national 鈥楢gri Stack鈥 to digitize farming sector
  • Agri Stack to give farmers digital IDs, integrate land data, streamline access to subsidies, credit, insurance and markets
  • Initiative aims to boost productivity, transparency and rural incomes in a sector contributing one-fifth of GDP聽

KARACHI: Pakistan has begun work on a 鈥淣ational Agri Stack鈥 to build digital infrastructure for its agriculture sector, aiming to boost farmer access to credit, subsidies and markets, the ministry of IT said on Friday.

Agriculture is the backbone of Pakistan鈥檚 economy, employing more than a third of the workforce and contributing around a fifth of gross domestic product. The sector faces persistent challenges, however, including low productivity, fragmented landholdings, water scarcity and climate shocks, while farmers often lack formal identification and credit histories needed to access finance.

The Agri Stack initiative, led by the Ministry of Information Technology and Telecommunication (MoITT) in collaboration with the Ministry of National Food Security and Research (MNFSR), the Land Information and Management System (LIMS) and the Special Investment Facilitation Council (SIFC), seeks to integrate land and farmer data, deliver targeted services and improve transparency in farm support.

In simple terms, the Agri Stack will create a 鈥渄igital ID and online service hub鈥 for every farmer in Pakistan. It will gather all key information 鈥 who the farmer is, what land they own or work on, what crops they grow 鈥 into one secure system. This means the government, banks and agri companies can deliver the right help directly to the right farmer, including subsidies, loans, crop insurance, weather updates and market prices.

The system is meant to cut out paperwork, reduce delays, stop resources from going to the wrong people and give farmers better tools to grow and sell their crops.

鈥淭he Agri Stack will enable verified farmer identities, land data integration, precision advisory, and efficient delivery of services like subsidies, crop insurance, and credit,鈥 said Federal IT Minister Shaza Fatima Khawaja at a stakeholder consultation in Islamabad, according to a statement from the IT ministry.

鈥淭his is the architecture for an inclusive and tech-driven agricultural transformation under Prime Minister Shehbaz Sharif鈥檚 Digital Nation Pakistan, in collaboration with the Special Investment Facilitation Council (SIFC).鈥

LIMS Director General Maj Gen (R) M Ayub Ahsan Bhatti said the platform, also called PAKGROW, would 鈥渋nnovate the agricultural arena of Pakistan by transforming and improving the lives of small farmers and convening policymaking.鈥

The consultation endorsed forming a steering committee co-chaired by MoITT and MNFSR, a technical working group on data and cybersecurity, and pilot projects over the next 12鈥18 months. Priority areas include smart input subsidies, weather-indexed crop insurance, credit access through alternative data, and market linkages via LIMS.

Officials said the Agri Stack would combine satellite-driven crop intelligence, digital IDs, trusted payment systems and market platforms to create a 鈥渄igitally empowered agricultural future.鈥

If implemented effectively, experts say a national Agri Stack could help Pakistan tackle some of its most entrenched agricultural challenges by giving farmers verified digital identities, streamlining subsidy and credit delivery, and providing timely, data-driven advice on crop management.

Integrating land records, satellite imagery, and market information into a single digital platform could reduce leakages in government support programs, expand financial inclusion for smallholders, improve resilience against climate shocks and connect rural producers more directly to buyers. This would ultimately boost productivity, transparency and rural incomes in a sector that underpins both the economy and national food security.


Pakistan PM calls for roadmap to boost IT exports to $30 billion

Pakistan PM calls for roadmap to boost IT exports to $30 billion
Updated 08 August 2025

Pakistan PM calls for roadmap to boost IT exports to $30 billion

Pakistan PM calls for roadmap to boost IT exports to $30 billion
  • IT exports grew 19 percent to $3.8 billion in FY2024鈥25 as Pakistan seeks new global markets
  • Over 315,000 students received IT training last year, including 115,000 women nationwide

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed authorities to draw up a roadmap to gradually raise Pakistan鈥檚 information technology (IT) exports to $30 billion, urging concrete annual targets and reforms to accelerate digital growth.

IT is a priority sector for Pakistan, which has been seeking new markets, particularly in the Gulf region, for tech firms and startups, and looking to attract greater foreign investment.

The sector generated $3.8 billion in export revenue during the last fiscal year, marking a 19 percent year-on-year increase, according to the IT ministry.

鈥淎 complete digital ecosystem and infrastructure is being introduced to take Pakistan鈥檚 IT exports to $30 billion,鈥 the prime minister said at a meeting in Islamabad, according to a statement from his office. 鈥淲e are taking priority measures to align the economy with modern requirements through digitization.鈥

Sharif praised the growth in freelancing, women鈥檚 participation and professional training under federal IT programs, noting the establishment of e-employment centers, digital youth hubs and expanded 4G access across the country.

He also ordered the restructuring of the National Information Technology Board (NITB), including the recruitment of top-tier professionals from the market, and called for timely completion of all IT initiatives.

During the meeting, officials said that over 315,000 students had received IT training in the past year, including 115,000 women, while 386 startups were supported under the National Incubation Center, and nearly $700 million in investment agreements and MoUs were signed.

Pakistan also saw a 91 percent increase in the number of freelancers.