Business

The Pakistan Credit Rating Agency Limited (PACRA) has upgraded easypaisa digital bank’s long-term credit rating from A+ to AA-, reflecting the bank’s strong position as Pakistan’s leading digital bank and its successful transition into a fully licensed Digital Retail Bank (DRB). This represents easypaisa’s second consecutive credit rating upgrade from…

Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s resolve to further strengthen its time-tested strategic partnership with Türkiye. He was addressing a joint press stakeout with Turkish President Recep Tayyip Erdogan in Istanbul today. The Prime Minister said Pakistan and Türkiye share an extraordinary bond founded on centuries of common history,…

Minister for Petroleum Ali Pervaiz Malik has said that Pakistan possesses vast geological potential for hydrocarbons that remains largely untapped. He was addressing the Pakistan-Türkiye B2B Conference in Istanbul today, which was also attended by Prime Minister Muhammad Shehbaz Sharif and Türkiye’s Vice President, Cevdet Yilmaz. The Petroleum Minister said…

The State Bank of Pakistan (SBP) is pleased to announce the launch of its redesigned official website, which will go live on Wednesday July 1, 2026, and will be accessible to all stakeholders at www.sbp.org.pk. The revamped website will provide a faster, easier and user-friendly digital experience for citizens, businesses,…

Pakistan’s first and leading digital retail bank, easypaisa digital bank, has signed a Memorandum of Understanding (MoU) with Servis Shoes, one of Pakistan’s leading footwear and apparel brands, to enable QR-based digital payment and Soundbox solutions across 300 stores nationwide. The signing ceremony, attended by leadership and stakeholders from both…

Pakistan and Italy have signed a concessional loan agreement amounting to 20 million euros. The loan is aimed at supporting the Professional Capacity Building and Extension in Agriculture project under Pakistan’s Technical and Vocational Education and Training (TVET) National Reform Programme. Secretary Economic Affairs Muhammad Humair Karim and Italian Ambassador…

Prime Minister Shehbaz Sharif has directed to formulate a comprehensive National Agriculture Policy at the earliest in consultation with the provinces. He was chairing an important review meeting in Islamabad today on the restructuring of the Ministry of National Food Security and Research and reforms in the agriculture sector. The…

The capital market cooperation between Pakistan and China has achieved a major milestone with the start of historic listing of the joint venture Service Long March Tyres in Pakistan Stock Exchange. The company is a joint project between Pakistan’s Services Group and China’s Chaoyang Long March Tyre Company. It is…

Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said the Karachi Port Trust (KPT) has achieved the highest annual cargo handling volume in its one hundred and thirty-eight-year history. In a statement, he said KPT surpassed its previous all-time cargo handling record of fifty-four point six eight five million…

Business activities, institutional development, innovation, and the creation of employment opportunities are essential for strengthening Pakistan’s economy. These views were expressed by Khawaja Yasir Qayyum, President of the Sargodha Chamber of Commerce and Industry (SCCI), while addressing a seminar organized in collaboration with the Small and Medium Enterprises Development Authority…

Minister of State and Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib says Pakistan is approaching digital assets with a Pakistan-first strategy to help shape the rules of digital finance. Addressing the Point Zero Forum 2026 in Zurich, Switzerland, he said the rules governing money are being rewritten…

Federal Minister for Petroleum Ali Pervaiz Malik says the government is committed to pass on the benefits of reduction in petroleum prices to the people while remaining within its international obligations. In a post on his X handle today, he said under this commitment, the price of high-speed diesel has…

Minister of State for Climate Change Shazra Mansab called on Prime Minister Muhammad Shehbaz Sharif in Islamabad today. During the meeting, the Minister of State congratulated the Prime Minister on presenting a budget which reflected the aspirations of the people. Minister for the Public Affairs Unit Rana Mubashir Iqbal and…

The National Assembly has passed the federal budget for the next fiscal year, with a total outlay of 18,771 billion rupees, focusing on accelerating economic growth and tax relief. A motion to this effect was moved by Minister for Finance Muhammad Aurangzeb. The House passed the Finance Bill, 2026 with…

Pakistan’s textile sector and industrial activity are showing improvement with the support of Special Investment Facilitation Council (SIFC). During the first eleven months of the current fiscal year, textile exports rose by 1.83 percent, reaching 16.67 billion dollars. Knitwear exports stood at 4.60 billion dollars, while exports of ready-made garments…

For generations, Pakistanis have enjoyed some of the world’s finest products and brands. Far fewer people have had the opportunity to experience the institutions, traditions, craftsmanship, and individuals behind them. Through Beyond Luxury, Sonraj invites audiences to explore that world. Over the coming months – stories, visits, and observations will…

The Federal government has decided to withdraw restrictions regarding fuel conservation and additional austerity measures which were implemented on 9th of March, except market timings. A notification issued by the Cabinet Division stated the Prime Minister has approved termination of all fuel conservation and additional austerity measures with immediate effect…

The government has reduced the prices of petroleum products for a week starting from today. According to a press release issued by the Ministry of Energy, the price of petrol has been reduced by 74.28 rupees per litre. The new price of petrol is 299.50 rupees per litre. The price…

Finance Minister Muhammad Aurangzeb has stated that the Federal Budget 2026–27 is aimed at achieving export-led, sustainable and inclusive economic growth. Winding up discussion on the budget for the next fiscal year in the National Assembly today, he said this will boost productivity and generate employment opportunities for the people.…

Prime Minister has announced reduction in prices of petrol by 74 rupees per liter and diesel by 67 rupees per liter. In a post on X today, he said the new per litre prices of petrol will be 299 rupees and diesel 311 rupees. The Prime Minister said dividends of…

Sindh budget for the next financial year, with a total outlay of 3,562 billion rupees, was presented today. Sindh Chief Minister Syed Murad Ali Shah presented the budget in the Provincial Assembly. The Chief Minister announced that no new tax has been imposed in the budget. He proposed a seven…