Pakistan is expected to receive its first-ever oil cargo from Russia by the end of April 2023, in what is being seen as a precursor to a much bigger deal between the two countries. According to a report in the Express Tribune, the oil cargo is being treated as a test case, as Russia has […]
The mobile phone industry in Pakistan has experienced significant growth in recent years, thanks in part to the government’s Mobile Manufacturing Policy. This policy was introduced to encourage local production, and it has had a major impact on the industry. According to the Pakistan Telecommunication Authority (PTA), local manufacturing plants produced or assembled 19.7 million […]
Pakistan has seen a substantial decline in its foreign exchange reserves, with a drop of 65% to $5.8 billion in 2022, according to official data. This has exposed the country to the risk of default on its international financial obligations. At the start of the year, Pakistan had reserves of $16.6 billion, but they decreased […]