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Gul Ahmed QGDC Pakistan data centre Quantum Global Data Centre announcement showing $230 million Tier III facility with Huawei Pakistan partnership for 2027 launch

Gul Ahmed Announces $230 Million Data Centre Pakistan’s Largest Tier III Facility Set for 2027

Nayab Fatima2026-06-06

KARACHI: Quantum Global Data Center, a subsidiary of Gul Ahmed Energy Group, entered into a business partnership with Huawei Pakistan for the development of the largest Tier III data center in Pakistan. Amount of Investment: $230 million. Possible overall investment amount: $600 million. Operational target date: 2027. According to the chairman, if Pakistan misses this opportunity, ... Read more

Foreign exchange reserves — SBP data showing $17.19 billion central bank reserves up $43.4 million with total liquid reserves at $22.64 billion

SBP Reserves Rise to $17.19 Billion But Pakistan’s Total Forex Cover Slips to 2.76 Months

Nayab Fatima2026-06-06

ISLAMABAD: According to State Bank of Pakistan, there was a rise of 43.4 million dollars in the foreign exchange reserves of the bank for the week ended on May 29, 2026, raising the foreign exchange reserves of the central bank to 17.19 billion dollars. The foreign exchange reserves of Pakistan for May 2026 give an ... Read more

Solar panel price increase: Karachi market price board showing 585W panel up Rs9,000 to Rs27,000 and 720W panel up Rs8,500 to Rs33,500 before June 10 budget

Solar Panel Prices in Pakistan Jump Up to Rs9,000 Per Panel Before Budget

Nayab Fatima2026-06-06

ISLAMABAD: Markets reacted even before the budget was announced. There was a rise in the price of the solar panels because of the anticipation of the traders of a hike in the rate of GST by the government from 10% to 18%. It has been reported that the date for the budget announcement is June ... Read more

InfraZamin agri storage financing launch event showing Rs7.1 billion facility structure with 50% credit guarantee covering warehouses, silos and cold storage across Pakistan

InfraZamin and Partners Launch PKR 7.1 Billion Agri-Storage Financing Initiative

Nayab Fatima2026-06-06

Infrastructure Financing Fund of Pakistan has announced its Agri-Storage Portfolio Financing Scheme on 4th June by raising a funding package of up to Rs. 7.1 billion for agriculture storage facilities in Pakistan. There is no need for any guarantee from the government; instead a 50% credit guarantee will be provided by InfraZamin. ISLAMABAD: InfraZamin Pakistan ... Read more

Engro Chairman Hussain Dawood and Baidu representatives sign an AI collaboration MoU in June 2026 covering industrial research centres, talent development, and PaddlePaddle-based AI applications across Pakistan and the region.

Engro and Baidu Sign AI MoU Bringing China’s 655 Million-User AI Giant Into Pakistan

Nayab Fatima2026-06-05

The diversified Pakistani company collaborates with Baidu to develop AI infrastructure, foster talent, and promote industry uptake through leveraging the power of PaddlePaddle and Baidu’s full-stack AI solutions, thus preparing itself for the coming era of competitive industries. Pakistan’s leading diversified company has now connected itself to one of the strongest AI ecosystems in the ... Read more

Pakistan exports May 2026 data showing $2.7 billion in outbound trade, a 21.5% drop in imports to $5.3 billion, and a trade deficit narrowing 39.4%

Pakistan Exports Hit $2.7 Billion as Trade Deficit Drops 39% in May

Nayab Fatima2026-06-05

Pakistan’s export sector is doing great, with stronger monthly numbers in years. Rising exports and falling imports have narrowed the trade gap, making the current account deficit way lower than yearly goals. ISLAMABAD: Pakistan’s export sector did something pretty rare in May 2026 exports went up, imports dropped sharply, and the trade deficit got smaller, ... Read more

Bitcoin loss MSTR stock price chart showing 77% decline from all-time high with $20 billion market value erasure and Bitcoin holdings underwater

World’s Largest Corporate Bitcoin Holder Loses $20 Billion as Stock Crashes to a Six-Year Low

Nayab Fatima2026-06-05

MSTR stock is 77% below its peak. Their Bitcoin stash still lost 17%, even after six years. During that time, the S&P 500 jumped 116%. Now, the biggest corporate BTC holder is stuck in a slump, with no simple way out. MicroStrategy, which made owningloads of Bitcoin its whole thing, is now hitting rough waters. ... Read more

Pakistan Saudi Arabia maritime investment 2026 federal maritime minister presenting Karachi Port, Port Qasim, Gwadar and blue economy projects to Saudi Joint Business Council

Saudi Arabia Eyes Billion-Dollar Investment on Pakistan’s Ports, Energy and Blue Economy

Nayab Fatima2026-06-04

ISLAMABAD: Pakistan laid out its most detailed maritime investment pitch to Saudi Arabia yet. This plan spans from a 140-acre maritime business district in Karachi to an oil terminal at Port Qasim and an aqua research park at KoFHA. It’s a match made in ambition as Vision 2030 meets Pakistan’s coastal goals. On June 4, ... Read more

Balochistan petrol crisis Rs500 per litre — long queues at Quetta fuel station with price board showing emergency pricing after Iranian fuel supply suspension

Petrol Hits Rs500 Per Litre in Balochistan as Iranian Supply Cuts Trigger a Province-Wide Fuel Crisis

Nayab Fatima2026-06-04

Pumps shut in Quetta. Interior areas now pay double the official price. Long lines, angry citizens, and disrupted supply chains – the suspension of Iranian fuel imports didn’t help. Balochistan’s petrol crisis is severe, and relief isn’t coming for days. QUETTA: Things worsened when Iran halted fuel supplies to Balochistan. This was a historic source ... Read more

US tariffs on Pakistan proposed by the Trump administration over forced labour concerns

US Targets Pakistan and India With New Tariffs as Trump Revives Global Trade Offensive

Faraz Ali Ansari2026-06-03

WASHINGTON: The United States Trade Representative (USTR) proposed new import duties on 60 economies including Pakistan, India, China and the European Union citing their failure to combat forced labour in global supply chains, as the Trump administration advances its tariff agenda following recent legal setbacks.The USTR proposed duties ranging from 10 percent to 12.5 percent ... Read more

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Business

Gul Ahmed Announces $230 Million Data Centre Pakistan’s Largest Tier III Facility Set for 2027

SBP Reserves Rise to $17.19 Billion But Pakistan’s Total Forex Cover Slips to 2.76 Months

Solar Panel Prices in Pakistan Jump Up to Rs9,000 Per Panel Before Budget

InfraZamin and Partners Launch PKR 7.1 Billion Agri-Storage Financing Initiative

Engro and Baidu Sign AI MoU Bringing China’s 655 Million-User AI Giant Into Pakistan

Pakistan Exports Hit $2.7 Billion as Trade Deficit Drops 39% in May

World’s Largest Corporate Bitcoin Holder Loses $20 Billion as Stock Crashes to a Six-Year Low

Saudi Arabia Eyes Billion-Dollar Investment on Pakistan’s Ports, Energy and Blue Economy

Petrol Hits Rs500 Per Litre in Balochistan as Iranian Supply Cuts Trigger a Province-Wide Fuel Crisis

US Targets Pakistan and India With New Tariffs as Trump Revives Global Trade Offensive

FBR Warns Jewelers of Bank Account Freeze Over Non-Compliance

Maker of Soya Supreme Cooking Oil Plans Pakistan IPO This Month to Fund Plant Expansion

Momentum Logistics Delivers 112 Electric Buses Across 12 Punjab Cities

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