Business

Prime Minister Shehbaz Sharif has expressed satisfaction over the rise in remittances last month. In a statement today, he said Pakistan received 34.9 billion dollars in remittances during the current fiscal year, reflecting a 28.8 percent increase compared to the previous fiscal year. The Prime Minister further said that in…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over the stock market reaching a historic high of 124,000 points. In a statement, he said the bullish trend in the stock market reflects the confidence of investors and the business community in the people-friendly budget. He mentioned that no additional tax…

Finance Minister Muhammad Aurangzeb has said that the budget 2025-26 envisages measures such as tariff reforms to increase the competitiveness of Pakistan’s exports. Addressing post budget news conference in Islamabad on Wednesday, he mentioned that out of seven thousand tariff lines, additional customs duty on four thousand tariff lines have…

The Federal Budget 2025-26 with a total outlay of 17573 billion rupees has been announced, encapsulating measures aimed at promoting inclusive and sustainable economic growth. Presenting the budgetary proposals for the next fiscal year in the National Assembly on Tuesday evening, Minister for Finance and Revenue Muhammad Aurangzeb said this budget is a…

The Economic Survey for the fiscal year 2024–25, launched in Islamabad on Monday, showed an upward economic trajectory, recording a 2.68 percent GDP growth rate. Unveiling the Survey, Minister for Finance Muhammad Aurangzeb mentioned that this is a gradual recovery, but the right path forward is to achieve sustainable growth.…

Minister for Information and Broadcasting Attaullah Tarar says Pakistan has achieved great success under the dynamic leadership of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir, Chief of Army Staff. Talking to media, he said a befitting response was given to the Indian blatant aggression against Pakistan due…

Finance Minister Muhammad Aurangzeb has called for swiftly finalizing and operationalizing the draft framework to provide legal certainty, and harness economic potential of blockchain and crypto technologies in the country.   He was chairing a follow-up meeting of the Pakistan Crypto Council in Islamabad today [Thursday], to review progress on development…

The National Electric Power Regulatory Authority (NEPRA) has issued its decision on K-Electric’s (KE) write-off petition, allowing partial claims of PKR 50 billion against the company’s claims worth PKR 76 billion pertaining to the Multi-Year Tariff (MYT) control period spanning FY17 – FY23. According to K-Electric CEO Moonis Alvi, “With…

Prioritizing ease and convenience for millions this Eid-ul-Adha, easypaisa digital bank is playing a critical role in not just digitizing the traditionally cash-intensive cattle-market transactions, but also enabling users to seamlessly fulfill their sacrificial obligations digitally via the easypaisa app. Having deployed its Raast-based QR code payment system at select…

Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Tuesday reiterated Pakistan’s commitment and readiness to enhance cooperation under the Shanghai Cooperation Organization (SCO) umbrella to foster economic prosperity, stability and sustainable development across the region.He reaffirmed Pakistan’s strong engagement with the SCO in a virtual address at the meeting…

With just three days left before Eidul Azha, buyers in KP are expressing growing frustration over the unchecked pricing of sacrificial animals.In the absence of a formal price regulation mechanism, cattle traders are reportedly charging exorbitant rates, leaving consumers with little choice but to pay inflated prices in order to…

Finance Minister Muhammad Aurangzeb has said findings of the survey conducted by international organization IPSOS is a strong affirmation of the improving economic outlook of Pakistan.   He said the survey shows that perceptions of the economy being strong have also reached their most favorable levels since August 2019. Muhammad Aurangzeb…

Minister for Planning and Development Ahsan Iqbal has called for expediting the early finalization of Pakistan-Turkmenistan Transit Trade Agreement to foster broader regional connectivity and economic integration.                       He was talking to Pakistan’s Ambassador-designate to Turkmenistan, Dr. Faryal Leghari who called…

The Government of Pakistan and the World Bank have reaffirmed the mutual commitment to strengthening Pakistan’s economic resilience and advancing inclusive development through strategic partnerships. This commitment was expressed at a meeting between Finance Minister Muhammad Aurangzeb and the World Bank Pakistan team in Islamabad on Friday. The World Bank…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has won four prestigious accolades at the Global Islamic Finance Awards (GIFA) 2025, hosted by The Digital Banker. The Bank was recognised for Best Islamic Savings Account of the Year (Amal Women Account), Best Islamic Financial Inclusion Initiative (Khushal Kisaan…

Minister for Petroleum Ali Pervaiz Malik has assured to pay immediate attention to the concerns of the Petroleum Dealers Association.  He gave this assurance during a meeting with a delegation of Pakistan Dealers Association in Karachi. During the meeting, the petroleum dealers discussed business challenges and margins with the Federal…

The federal government and the Asian Development Bank  have agreed to strengthen collaboration on climate resilience and environmental sustainability. This development reached during a meeting between Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, and ADB Director General Bruno Carrasco in Islamabad. Both sides emphasized the need for…

Prime Minister Muhammad Shehbaz Sharif has said that the bilateral trade between Pakistan and Iran which stood at three billion dollars will be taken to ten billion dollars volume in the next few years. In an interview with IRNA, prior to his visit to Tehran, he said the bilateral trade…

The government has allocated two thousand Megawatts of electricity for Bitcoin Mining and Artificial Intelligence Data Centers. According to Finance Division, the ambitious initiative is part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in Foreign Direct Investment, and generate billions of dollars…

Livoltek, a leading provider of smart solar energy solutions, has a strong presence today at the 10th ISEM Pakistan Solar Exhibition, held at the Expo Centre Lahore from May 23–25, 2025. The company drew significant attention on the opening day as it showcased its best-selling residential, commercial, and industrial solar…

The State Bank of Pakistan has launched a nationwide campaign to promote digitalization of payments in cattle markets. In a statement, the SBP said campaign, running till 6th of next month, aims to encourage buyers and sellers to use digital payment methods for purchasing sacrificial animals. The statement added that media…