Business

Prime Minister Shehbaz Sharif has announced a reduction of 4.04 rupees in electricity tariff for the industries to enhance their competitiveness and bolster exports. He was addressing a ceremony in Islamabad today to honour the contributions of leading businessmen and exporters in the economy. Announcing other measures for the business…

The total liquid foreign reserves held by the country stood at US$ 21,293.3 million as of 23-Jan-2026. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of Pakistan: US$ 16,101.1 millionii) Net foreign reserves held by commercial banks : US$ 5,192.2…

Advisor to Finance Minister Khurram Schehzad says Pakistan has been repaying its debt before maturity at an unprecedented scale starting from late 2024 for the first time in its history. In a post on his X handle, he said, in just 14 months, the Ministry of Finance, Government of Pakistan,…

The privatization process of the Pakistan International Airlines concluded today with the signing of transaction documents between the Government of Pakistan and the Arif Habib Consortium. A ceremony to sign the shareholders, the share purchase and subscription agreement was held in Islamabad. Prime Minister Shehbaz Sharif as well as Chief…

Zong, Pakistan’s leading information services and technology innovation company, has signed an agreement with the Pakistan Environmental Protection Agency (Pak-EPA) to launch a comprehensive Tree Plantation Drive across Islamabad, under its Green and Low Carbon Initiatives. The agreement was formally signed during a ceremony held at Zong Headquarters. The initiative…

Economic Coordination Committee (ECC) has approved the disposal of five hundred thousand metric tons of PASSCO wheat stock through competitive bidding to manage surplus stocks, reduce carrying and storage costs and ensure price stability in the domestic wheat market. Its meeting was held in Islamabad today with Finance Minister Muhammad…

Minister for Planning and Development Ahsan Iqbal has declared the industrial and commercial development of Gwadar Port as a national priority.Addressing a seminar and exhibition in Gwadar, he said Gwadar is becoming a strategic route that connects Pakistan to the global trading system.Managing Director of Pakistan Tourism Development Corporation, Aftab…

German Ambassador to Pakistan Ms Ina Lapel called on Finance Minister Muhammad Aurangzeb in Islamabad today and discussed bilateral relations.Both the sides underscored the importance of sustained engagement to further strengthen bilateral cooperation in trade, investment, and development. They reaffirmed their shared commitment to deepening economic ties and promoting a…

Minister for Planning and Development Ahsan Iqbal says Pakistan’s mineral exports have the potential to reach six to eight billion dollars annually within this decade through value addition.Addressing Pak–China Mineral Cooperation Forum in Islamabad today, he said our objective is to move decisively beyond extraction, emphasizing that Pakistan seeks to…

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has expressed satisfaction over ample stock of key essential commodities across the provinces in view of month of Ramazan.He was chairing a meeting in Islamabad today to review the availability and prices of essential commodities across the country.The Deputy Prime…

Khushhali Microfinance Bank (KMBL) was among one of the few stalls at the SME Made in Pakistan Cluster Expo 2026 that stood out with its exhibit on small business solutions. Organized by the Small and Medium Enterprise Development Authority of Pakistan (SMEDA), the Made in Pakistan Cluster Showcase Expo 2026…

Daraz Pakistan, under its Daraz Cares arm, has announced a dedicated support initiative for sellers impacted by the recent fire at Gul Plaza in Karachi, aimed at helping affected businesses regain stability and continue serving customers across Pakistan. Through this initiative, Daraz Pakistan will launch a dedicated segment and page…

Raqami Islamic Digital Bank is set to commence its operations in Pakistan next month with an initial investment of one hundred million dollars. The digital bank has been established with the support of the Kuwait Investment Authority. Advisor to the Finance Minister, Khurram Shehzad has said the investment is a…

Global food company Nestlé has announced additional investment of sixty million dollars in Pakistan. Executive Vice President Nestlé Remy Ejel made this announcement at a business roundtable, held in Davos today with Finance Minister Muhammad Aurangzeb in the chair, on the sidelines of the World Economic Forum Annual Meeting. Remy…

Pakistan and Islamic Development Bank (IDB) today signed three loan agreements worth six hundred three million dollars. These agreements were signed in Islamabad following a meeting between Minister for Economic Affairs Ahad Khan Cheema and Islamic Development Bank Vice President Dr. Rami Ahmed. Minister for Economic Affairs Ahad Khan Cheema,…

A prominent Arab daily ‘Khaleej Times’ has termed the initiatives taken by the government of Pakistan for addressing the issues of overseas Pakistanis and creating job opportunities as crucial for improving the economy.In an article, the daily said the government of Pakistan introduced comprehensive reforms to address the issues of…

Government is implementing comprehensive reforms for bringing improvement and transparency in the Petroleum Sector.According to Petroleum Division, a Track and Trace System has been introduced to eliminate smuggling at petrol pumps and within the fuel supply chain.A Raahguzar Mobile App has been launched to provide information about legal petrol pumps.Fuel…

Prime Minister’s Special Assistant on Industries and Production Haroon Akhtar has said Pakistan is to introduce a National Women Entrepreneurship Policy.Addressing the Joint Pakistan-Azerbaijan Women Entrepreneurship Dialogue in Islamabad today, he said the government is making women’s economic inclusion not just a desire but a national economic strategy.He mentioned that…

Punjab Chief Minister Maryam Nawaz has announced to establish thirty more Sahulat Bazars in the province by June 30, this year. In a statement, she directed to speed up measures to gradually setup Sahulat Bazars at Tehsil level throughout the province. Maryam Nawaz said that Sahulat Bazars have made public’…

Due to the effective efforts of the Government of Pakistan and the comprehensive policies of the Special Investment Facilitation Council (SIFC), key economic indicators are showing positive momentum, reflecting growing economic stability in the country. For the first time in nearly five years, market yields have fallen into single digits…

The Ministry of Overseas Pakistanis says a five percent increase was recorded in the number of Pakistani workers sent abroad, while foreign remittances witnessed a nine percent rise during the last year. Sharing the achievements made by the ministry in 2025, it said tangible measures taken by the Bureau of…