Business

The Economic Coordination Committee has approved the draft Transaction Advisory Agreement reached with the International Finance Corporation for outsourcing of three airports. Finance Minister Ishaq Dar presided over the meeting. It was informed that the outsourcing of three airports has been initiated within the scope of Public-Private Partnership Act-2017 to…

The Ambassador of the United Arab Emirates Hamad Obaid Ibrahim Salim Al-Zaabi has lauded the development-oriented economic policies initiated by present government of Pakistan. He expressed these views during a meeting with Finance Minister Mohammad Ishaq Dar in Islamabad, during which they discussed ways to further strengthen the deep-rooted brotherly…

Tobacco farmers of KPK’s economically marginalized areas have warned that the recent exorbitant increase in federal excise duty (FED) on cigarettes will reduce economic prospects for tobacco farmers and, in the face of hardship, increase poverty and unemployment. Additionally, it might encourage a few farmers to turn to anti national…

Minister of State for Petroleum Musadik Malik has said Reko Diq project is important for the development of Balochistan along with the mining sector. Talking to a delegation of Barrick Gold on Tuesday, he was appreciative of the step to provide seventy percent jobs in the project to the local…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that Pakistan is the only producer of pink salt in the world and the government should cooperate with the private sector in value addition of this salt that would enable the country to earn billions of dollars through its…

Prime Minister Shehbaz Sharif says the government is taking every possible step to facilitate foreign investors. He was talking to a delegation of Reqo Dik Mining Company, headed by its Chief Executive Officer Mark Bristow who called on him in Islamabad on Monday. While talking to the delegation, the Prime…

Pakistan’s largest homegrown OTT platform, Tamasha, has launched its first-ever original series, “Family Bizniss”, in collaboration with Big Bang Entertainment. The launch event was recently held at the Jazz Digital Headquarters attended by Kaan Terzioglu, CEO of VEON Group; Aamir Ibrahim, CEO, Jazz; Aamer Ejaz, Chief Digital Officer, Jazz; and…

International Monetary Fund Chief Kristalina Georgieva has warned of increased risks to global financial stability and called for actions by advanced economies. Speaking at a conference of China Development Forum in Beijing on Sunday, the IMF head said 2023 would be another difficult year, with global growth slowing to below…

The government today announced a Ramazan Relief Package worth five billion rupees to provide maximum relief to the poor segment of society during the holy month of Ramazan across the country. Addressing a news conference in Islamabad on Tuesday, Minister for Industries and Production Syed Murtaza Mahmud said first priority…

Prime Minister Muhammad Shehbaz Sharif has said that government is taking steps to provide all possible facilities to the investors and industrialists. He was talking to Chairman Dawlance Fatih Kemal Ebiclioglu who along with a delegation called on him in Islamabad on Monday.  The Prime Minister said there are immense…

Finland-Pakistan Business Council (FPBC) organized the 10th edition of its legacy Finland Pakistan Business Summit 2023 in Islamabad. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development. The summit was inaugurated by…

K-Electric Limited, in collaboration with Nutshell Group, jointly hosted a National Policy Dialogue on Localisation for growth at a local hotel in Karachi. The dialogue addressed the urgent need to explore options for indigenisation and sourcing materials from local avenues for Pakistan to build a resilient economy. As the world’s…

 The Securities and Exchange Commission of Pakistan (SECP) registered 2,414 new companies in February 2023, bringing the total number of registered companies to 187,569. The total paid-up capital (capitalization) of the companies incorporated in February was Rs 2.5 billion. Approximately 57% of businesses were registered as private limited companies, 40%…

Finance Minister Ishaq Dar on Thursday said that the International Monetary Fund (IMF) was “satisfied” with Pakistan’s actions but the staff-level agreement could not be signed this week. “We seem to be very close to signing the staff-level agreement hopefully in the next few days,” Dar said in his address during a seminar titled “Reviving Economic…