Pakistan on Monday formally unveiled a $1 billion national investment plan for artificial intelligence and adopted the landmark Islamabad Declaration on Sovereign AI as the Indus AI Summit 2026 concluded at the Jinnah Convention Centre, marking a decisive shift from AI policy planning to implementation. The summit, organised by the Ministry of Information Technology and Telecommunication as the
Moody’s, the global rating agency, has changed its outlook on Pakistan’s banking system to stable from positive, while stating that the operating environment is recovering only gradually. The rating agency also forecast Pakistan’s real GDP growth of around 3.5 percent for 2026, up from 3.1 percent in 2025, while stating that it is supported by ongoing reforms that are improving confidence and g
Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs526,262 after a gain of Rs15,00 during the day. Similarly, 10-gram gold was sold at Rs451,184 after it increased by Rs1,286, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per
In a significant moment for Pakistan’s technology ecosystem, Virtuans AI, a conversational artificial intelligence startup founded by Pakistani entrepreneurs Raheel Ahmad and Muddassar Sharif, has been acquired by AutoAcquire AI, a US-based automotive technology company. The acquisition, valued at seven figures USD in a combination of cash and equity, comes less than two years after Virtuans la
The inflow of overseas workers’ remittances into Pakistan stood at $3.46 billion in January 2026, the State Bank of Pakistan (SBP) data showed on Tuesday. Remittances increased by nearly 15.4% year-on-year (YoY), compared to $3.0 billion recorded in the same month last year. Monthly remittances were down 4% from $3.59 billion in December. During the first seven months of the fiscal year (7MF