IFC grants $1.8m to boost Pakistan’s electric vehicle industry

ISLAMABAD, Oct 27 (APP): The International Finance Corporation (IFC) has provided a grant of US$1.8 million to encourage private sector investment in local production of electric vehicles in Pakistan. The development comes as part of a broader initiative spearheaded by the Ministry of Industries and Production (MoIP) to formulate a comprehensive policy aimed at accelerating…

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Al-Shifa conducts eye checks for blind athletes’ championship

RAWALPINDI (October 27): Al-Shifa Trust Eye Hospital in Rawalpindi played a pivotal role in the IBSA Goalball Asia Pacific Championship 2025, marking the first time Pakistan hosted this international sporting event. The hospital conducted vision classification tests for visually impaired athletes, ensuring fair competition and full compliance with international standards. The championship, held at the…

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Govt mulls restoring import, export regulations for gold, gemstones trade

ISLAMABAD, Oct 25 (APP): The government is working to restore the SRO 760(I)/2013 – Import and Export of Precious Metals, Jewellery, and Gemstones Order, 2013. The move aims at reviving Pakistan’s gemstone and Jewellery trade, enhance export potential, and curb illegal trading in the sector. According to official documents available with Wealth Pakistan, the federal…

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Pakistan relocates hydrocarbon lab to Taftan to ease trade with Iran

ISLAMABAD, Oct 24 (APP): Pakistan has relocated the Hydrocarbon Development Institute of Pakistan (HDIP) laboratory to Taftan, enabling the on-site testing of hydrocarbons and related products at the border wih Iran. The decision marks a major milestone in Pakistan’s trade facilitation framework with Iran, aiming to expedite the clearance process for fuel and energy consignments…

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Pakistan partnering with China to set up ‘National Carbon Trading Framework’

ISLAMABAD, Oct 22 (APP): Pakistan is collaborating with a wide range of international organizations, development partners and private stakeholders to establish National Carbon Trading Framework, which will not only strengthen its climate governance but also monetize climate actions. Muhammad Saleem Shaikh, Climate Analyst at the Ministry of Climate Change and Environmental Coordination, told Wealth Pakistan…

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Dhabeji Grid Station on track to become fully operational by December 2025

ISLAMABAD, Oct 20 (APP): The Dhabeji Grid Station project in Sindh, a key component of Pakistan’s energy transmission upgrade, has achieved nearly 80 per cent physical progress and is on track to become fully operational by December 2025, officials confirmed on Monday. Financed through the Public Sector Development Programme (PSDP), the 220/132kV Gas-Insulated Switchgear (GIS)…

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NPO helps industries achieve Rs 11.18bn value addition in four years

ISLAMABAD, Oct 20 (APP): The National Productivity Organization (NPO) has helped local industries achieve Rs11.18 billion in productivity-related value addition over the past four years by utilising a total public grant of Rs374 million. Operating under the Ministry of Industries and Production (MoIP), the NPO has significantly expanded its outreach to industrial and service sectors,…

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