Business

The President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has emphasized the urgent need for greater harmony among political and religious forces to steer the country out of its current economic crisis.In a statement issued on Saturday, President Qureshi highlighted that the country’s economic stability…

HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and modern agricultural services for farmers across Pakistan. This strategic collaboration aims to provide farmers with innovative financial solutions, mechanization support, and expert advisory services to improve farm…

Minister for National Food Security and Research Rana Tanveer Hussain has expressed the commitment to take all necessary steps to support cotton growers and strengthen the cotton sector for sustainable agricultural growth in Pakistan. He was chairing an important meeting in Islamabad today to review the status of cotton production…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction regarding the Pakistan Stock Exchange surpassing the one lac nineteen thousand points mark for the first time in its history. In a statement today, the Prime Minister said positive trend in business at Pakistan Stock Exchange reflects growing confidence of traders and…

Pakistan Stock Exchange (PSX) witnessed a bullish trend at start of the business today with an increase of over twelve hundred points in the hundred Index. The hundred index that closed at one lac seventeen thousand nine hundred seventy-four (117,974) points yesterday reached one lac nineteen thousand one hundred and…

Trade activities at Gwadar Port are accelerating due to the efforts of Special Investment Facilitation Council (SIFC). Economic Coordination Committee has approved the export of potassium sulfate fertilizer by the company AGVEN Private Limited operating in Gwadar Free Zone. This decision is expected to initiate exports and increase investor interest…

Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to facilitating Saudi investors.  Talking to Saudi Investment Minister Khalid Al-Falih and Head of the Joint Task Force for Economic Engagement, Mohammad Al-Tuwaijri in Jeddah, the Prime Minister emphasized Pakistan’s vast potential in energy, infrastructure, agriculture and technology, inviting Saudi businesses to…

The Ambassador of the European Union to Pakistan, Dr. Riina Kionka, called on Minister for Commerce Jam Kamal Khan in Islamabad today. During the meeting , they discussed strengthening bilateral trade ties and upcoming business engagements between the EU and Pakistan. European Union Ambassador invited the Commerce Minister to deliver…

National Disaster Management Authority (NDMA) and Pakistan Mobile Communications Limited (Jazz) have signed a Letter of Understanding (LoU) to enhance disaster risk communication and early warning dissemination. The ceremony at NDMA Headquarters, Islamabad, was attended by Brig Qasim Mehmood, Chief of Staff NDMA and Mr. Aamir Ibrahim, CEO Jazz.This partnership…

Oil and gas projects are being revived with the cooperation of Special Investment Facilitation Council (SIFC). In this regard, Oil and Gas Development Company Limited (OGDCL) has started oil production from the Rajian-11 heavy oil well located in Chakwal district. The Rajian-11 heavy oil well had been inactive since 2020…

The Board of Directors of easypaisa digital bank (formally Telenor Microfinance Bank Limited), in its meeting dated March 6, 2025, approved the audited financial statements for the year ended December 31, 2024. easypaisa digital bank demonstrated exceptional growth in 2024, solidifying its position as a leading digital financial services provider…

International Monetary Fund says Pakistan has made progress toward securing the next one billion dollars tranche under its current program as well as agreeing to a new loan for climate-related action. According to Bloomberg, Head of the IMF Mission to Pakistan Nathan Porter, in a statement, said the IMF program…

Finance Minister Muhammad Aurangzeb held a meeting with European Union Ambassador Dr. Riina Kionka, who called on him in Islamabad today. The meeting focused on a range of matters of mutual interest, particularly on strengthening business and investment ties between the European Union and Pakistan. During the meeting, they discussed…

Senior member of the Federal Board of Revenue (FBR), Shah Bano, has emphasized the need for merit-based hiring and promotions in all government departments. She stressed that all government hiring decisions should be free from political influence and must adhere to a fair and transparent merit-based system. In a recent…

Minister for Finance and Revenue Muhammad Aurangzeb has said the country received a record high inflow of remittances, amounting to 3.1 billion dollars in February this year. Talking to the media alongside Minister of Information and Broadcasting Attaullah Tarar in Islamabad on Tuesday, he conveyed his gratitude to the Pakistanis…

During December 2024, 21% of the electricity procured by CPPA-G (i.e. 2,171 MW) came from RLNG plants within the national grid as compared to 19% produced by KE (i.e. 252 MW) from RLNG, with fuel costs comparable to those power plants operated by KE during the same period, says the…

The country’s economy is on positive trajectory as is reflected in various economic indicators. According to latest statistics, the country’s exports have reached 30.351 billion dollars. The export target for 2025 is set at 32.34 billion dollars, signaling a strong economy. Remittances from overseas Pakistanis are a crucial source for…

China has rolled over repayment of two billion dollar debt to Pakistan for one year. This was stated by Khurram Schehzad, the Advisor to Finance Minister while talking to Bloomberg News. The latest rollover comes at a time when Pakistan is going through the first review of its seven billion…

Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. He expressed these views during a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies in Islamabad today. The Minister further noted that the government…

Planning Minister Ahsan Iqbal has emphasized that Pakistan’s progress and economic stability are unattainable without the active participation of women. Addressing a special ceremony in connection with the International Women’s Day in Islamabad today, he highlighted that over half of Pakistan’s population comprises women, and until they are provided equal…

Faysal Bank Limited (FBL), one of Pakistan’s largest Islamic banks, has strengthened its commitment to sustainability and women’s empowerment by partnering with Akhuwat Islamic Microfinance (AIM) and The Citizens Foundation (TCF). Under this collaboration, the Bank aims to provide women with interest-free solar financing. Launched on International Women’s Day, this…

In line with our mission to empower underserved communities and expand financial access, easypaisa digital bank is actively supporting the Government of Pakistan this Ramadan, in delivering vital financial assistance to those who need it most, under the Prime Minister’s Ramadan Relief Package. As part of this initiative, PKR 20…