Business

Reforms in the energy sector under Special Investment Facilitation Council have accelerated the journey to energy self-reliance. About eighty-six billion rupees were recovered through operations against power pilferage during the last year. A comprehensive strategy is being implemented to reduce circular debt. Several power projects have been completed including a…

Finance Minister Muhammad Aurangzeb has described the budget for the next financial year as balanced, emphasizing that measures have been taken to pave the way for inclusive and sustainable economic growth. Winding up the discussion on the Federal Budget 2025-26 in the National Assembly today, he highlighted the revisions made…

Prime Minister Muhammad Shehbaz Sharif has directed to make digital transactions cheaper and easier for the people to promote cashless economy in the country. Chairing a meeting in Islamabad on Monday, he directed for constituting three committees including Digital Payments Innovation and Adoption Committee, Digital Public Infrastructure Committee and Government…

Finance Minister Muhammad Aurangzeb has expressed the government’s firm commitment to take the country towards inclusive and sustainable economic growth. Winding up discussion on the finance bill 2025-26 in the Senate on Saturday, he said the government exercised fiscal discipline, checked inflation, enhanced foreign exchange reserves and brought improvement in…

The Green Pakistan Initiative under the Special Investment Facilitation Council has ushered in sustainable development in agriculture and livestock sectors. As part of the initiative, satellite monitoring of crops and ‘LIMS Pakistan’ website has also been launched to guide farmers about modern farming techniques. The initiative has also ensured equitable…

National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have formalized a landmark partnership today through the signing of a Memorandum of Understanding (MoU), aimed at strengthening the cybersecurity and compliance readiness of the financial sector in Pakistan. The signing ceremony was held at the Risk Associates regional…

Embassy of Pakistan in Washington, D.C., hosted the final sequel of the “Pakistan-U.S. Tech Investment Conference 2025,” drawing a significant turnout of IT firms, tech executives, business leaders, and entrepreneurs. In his remarks on the occasion, Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh said the IT sector holds…

Today, S&P Global announced the completion of 20 years of operations in Pakistan. Since its establishment in 2005, S&P Global Pakistan has played a pivotal role in delivering Essential Intelligence that empowers governments, businesses, and individuals to unlock opportunities, overcome challenges, and accelerate progress—both locally and worldwide. Reflecting on this…

The Federal government is committed to fostering the business environment for growth, innovation and prosperity. This was stated by Coordinator to the Prime Minister on Commerce, Rana Ihsaan Afzal, while addressing the National Regulatory Reforms Conference in Islamabad on Wednesday. He said the government has achieved economic stabilization and now…

Prime Minister Muhammad Shehbaz Sharif has constituted a committee for Cashless Economy and Digitization of the Economy. The committee was formed at a high-level meeting regarding promotion of Cashless Economy and Digitization held in Islamabad on Wednesday with Prime Minister Muhammad Shehbaz Sharif in the chair. The committee will review…

Balochistan Budget for financial year 2025-26 with a total outlay of 1028 billion rupees was presented on Tuesday. Balochistan Finance Minister Mir Shoaib Noshirwani presented the Budget in Balochistan Assembly session in Quetta this afternoon with Speaker Abdul khaliq Achakzai in the chair. While presenting the budget Shoaib Noshirwani said…

Punjab budget for the next financial year with a total outlay of 5,335 billion rupees was presented on Monday. Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the budget in Punjab Assembly in Lahore. Unveiling the budgetary proposals, the finance minister announced that no new taxes have been levied, making it a…

Pakistan’s Ambassador-designate to Japan, Abdul Hameed Bhutta, called on Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad today. The Deputy Prime Minister congratulated the Ambassador designate and conveyed to him his best wishes for a successful tenure. Ishaq Dar emphasized the importance of further expanding Pakistan-Japan bilateral relations,…

The International Finance Corporation will provide financial assistance of 400 million dollars for Reko Diq project. The total investment of IFC in Reko Diq project reaches 700 million dollars. Other financiers including the U.S. EXIM Bank, Asian Development Bank, Japan and Canada are also expected to join the financing package.…

Punjab budget for the next financial year will be presented in the provincial assembly in Lahore on Monday. Punjab Finance Minister Mujtaba Shuja ur Rehman will present the budget in the House. Earlier, provincial cabinet will accord approval to the budget. Punjab Finance Minister Mujtaba Shuja-ur-Rehman said that the budget…

Finance Minister Muhammad Aurangzeb has expressed Pakistan’s resolve to take a lead in development and adoption of digital assets, and set a benchmark for innovation and inclusive growth in the digital economy. He was virtually co-chairing a high-level meeting alongside Minister of State for Crypto and Blockchain Bilal Bin Saqib…

Prime Minister Muhammad Shehbaz Sharif has directed for the early finalization of the Electric Vehicles Policy 2025 in consultation with all stakeholders. He issued these directives while chairing a high-level meeting in Lahore on Saturday to review the policy framework for the promotion of the electric vehicles industry in the…

The Budgets for fiscal year 2025-26 of Khyber Pakhtunkhwa and Sindh provinces will be presented in their respective Provincial Assemblies tomorrow. Khyber Pakhtunkhwa Minister for Finance Aftab Alam Afridi will present the budget in the Khyber Pakhtunkhwa Assembly at 03:00 in the afternoon. Meanwhile, Sindh Chief Minister Syed Murad Ali…

The Pakistan Stock Exchange, for the first time in history, crossed the psychological barrier of one hundred twenty-five thousand (125,000) points at the start of the business on Thursday.   Pakistan Stock Exchange witnessed a bullish trend with an increase of 1138 points in hundred index at the start of the…

A ‘Minerals Complex’ has been established for mineral exploration with the support of Special Investment Facilitation Council (SIFC).   The Minerals Complex has been set up under the Anfal Group.   Through close coordination between SIFC and the Punjab government, a work order has been issued to ‘Anfal Group’ with an initial…

*Please note: This was produced by S&P Global Market Intelligence, not S&P Global Ratings, which is a separately managed division of S&P Global. Summary: S&P Global Market Intelligence forecasts the overall budget deficit to be 5.1% of GDP, higher than the budget estimate of 3.9% of GDP, with real GDP…