KARACHI: Pakistan’s information technology exports climbed 19% to $2.61 billion in the first seven months of the fiscal year ending June 2026, driven by higher earnings from software firms, remote workers and freelancers serving global clients, data from the central bank showed.
Technology
Arif Habib-led consortium to buy remaining 25% stake in PIA
KARACHI: A consortium led by Arif Habib Group has said it intends to acquire the government’s remaining 25% stake in the national flag carrier Pakistan International Airlines, completing the privatisation of the loss-making airline.
Auto sales hit 43-month high in January on lower rates, new models
KARACHI: Pakistan’s auto industry posted robust growth in January, with sales of cars, pickups, vans and sport utility vehicles reaching a 43-month high of 23,055 units, driven by new-year registrations and improving economic conditions, an analyst said.
Pakistan plans $1 bln AI investment by 2030
ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday the government would invest $1 billion in artificial intelligence by 2030 as part of efforts to build a domestic AI ecosystem and equip the country’s youth for a digital economy.
Pakistan telecom regulator sets March 10 date for 5G spectrum auction
ISLAMABAD: Pakistan’s telecom regulator on Thursday announced plans to auction spectrum for 5G services in March, a step aimed at easing network congestion and boosting Internet speeds in a country where demand has outpaced available bandwidth.
Pakistan hands control of PIA to private consortium, new owners pledge fleet expansion
ISLAMABAD: The new owners of Pakistan International Airlines vowed on Thursday to expand the carrier’s fleet and revamp its services as they signed a deal to take control of the loss-making airline, marking the conclusion of a long-delayed privatisation process aimed at easing the government’s fiscal burden.
Pakistan plans $2 billion debt tokenization to tap retail investors
ISLAMABAD: Pakistan’s finance ministry is considering tokenizing as much as $2 billion of its domestic government debt in an initial push, according to a senior official, as the cash-strapped nation looks to harness blockchain technology to widen access to its bond market and cut costs.
Pakistan signs deal with Trump-linked crypto firm to explore stablecoin payments
ISLAMABAD: Pakistan has struck a deal with a company tied to the Trump family’s main cryptocurrency venture to study the use of a dollar-pegged stablecoin for cross-border payments, marking one of the first public tie-ups between the platform and a sovereign government.
IMF applauds PIA sale, urges faster exit from loss-making state firms
KARACHI: The International Monetary Fund has welcomed Pakistan’s successful privatisation of its national airline, calling the December sale of Pakistan International Airlines a milestone in the government’s broader push to shed loss-making state-owned enterprises.
Pakistan sets dollar-based spectrum prices ahead of long-delayed 5G sale
ISLAMABAD: The government has cleared the way for a long-awaited auction of spectrum for next-generation mobile services, addressing key telecom industry demands by pegging fees to the dollar and shifting interest rates to local benchmarks, according to a policy directive issued by the Ministry of Information Technology and Telecommunication.