Business

Faysal Bank Limited (FBL) demonstrated resilient financial performance and on a standalone basis, reported a Profit before Tax (PBT) of PKR 11.1 billion and net profit stood at PKR 5.1 billion. Impacted by reduction in policy rate and increase in the tax rate from 49% to 53%, Earnings Per Share…

Minister for Finance Muhammad Aurangzeb, participated in a panel discussion on “Revenue Mobilization in the Medium Term” organized by the International Monetary Fund during the 2025 Spring Meetings in Washington. He highlighted the measures being taken by Pakistan to broaden and deepen the tax base, enhance the contribution of agriculture,…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, reinforced its commitment to social responsibility and nation-building through a meaningful visit to Habib University — a premier liberal arts and sciences institution dedicated to shaping future leaders and thinkers. Mr. Mian Muhammad Younis, Chairman of the Board of Directors,…

The Islamabad Chamber of Commerce and Industry (ICCI), in collaboration with Pakistan International Property Exhibition (PIPEX), is set to organize the “Build & Invest Expo 2025” in Muscat, Sultanate of Oman, on May 23-24, 2025. The event, dedicated to real estate and allied industries, will be held at the prestigious…

Pakistan’s Current Account posted a record and one of the highest monthly surpluses last month with 1.19 billion dollars, which is 229 percent rise on year on year basis. A statement issued by Advisor to Finance Minister Khurram Schehzad said the Surplus in March 2024 stood at 363 million dollars…

Minister for Foreign Affairs and Trade of Hungary Péter Szijjártó has expressed his country’s strong desire to broaden cooperation with Pakistan across various sectors including economy and trade. He was addressing Pakistan-Hungary Business forum in Islamabad on Thursday. The Hungarian foreign minister expressed the confidence that B2B meetings between the two…

LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) 2025, themed Navigating the Unknown, came to a powerful close with globally recognized leaders, policy makers, experts, and thousand plus delegates, deliberating on unified approach, consistency of reform, technology and investment landscape, for Pakistan. Shahid Khaqan Abbasi, former Prime Minister of Pakistan, reinforced the…

Day 1 of the 8th Edition of Pakistan’s biggest corporate event, LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS), commenced at a local hotel. Under the theme Navigating the Unknown, the Summit convened a bespoke gathering of leaders from both the public and the private sector, who confronted the critical challenges of…

Prime Minister Shehbaz Sharif has welcomed the upgradation of economic rating of Pakistan by global credit rating agency Fitch, calling it a reflection of economic progress and world community’s confidence in the national economy. The Prime Minister, in a statement, said that the upgradation of Pakistan’s credit rating from CCC+…

Global rating agency Fitch has upgraded Pakistan’s outlook as ‘stable’, with economic indicators showing a positive trajectory. In its latest rating, the agency included many key indicators to determine the country’s economic stability. It mentioned the fiscal consolidation, narrowing budget deficits, implementation of structural reforms, downward debt trajectory, low inflation…

Finance Minister Muhammad Aurangzeb says government is actively facilitating foreign direct investment that contributes of creating exportable surplus in key sectors.  Presiding over a meeting in Islamabad on Monday, he reiterated the role of banking and financial sector in unlocking and expanding such strategic opportunities, especially in logistics, trade facilitation,…

The 8th Edition of Pakistan’s biggest corporate event, LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS), will take place on April 16 and 17, 2025, at a local hotel. Curated under the theme of Navigating the Unknown, this SUMMIT brings together a spectacular array of national and international leaders to deliberate on…

The Ministry of Industries and Production, Government of Pakistan, inaugurated the International Workshop on Salt Mining today, marking the beginning of a three-day event focused on innovation, sustainability, and value addition in the salt industry. The opening session was graced by Mr. Haroon Akhtar Khan, Special Assistant to the Prime…

In a landmark initiative, the Federal Tax Ombudsman (FTO) of Pakistan has launched the first-ever “Diplomatic Grievance Redressal Cell” at the FTO Secretariat in Islamabad. This historic step follows the successful establishment of the Overseas Pakistanis Grievance Redressal Cell (OPGRC) and aims to provide a dedicated platform for diplomats to…

The demand for Pakistani products in Europe has seen a significant rise, leading to a nine point four percent increase in exports due to the efforts of Special Investment Facilitation Council. Exports to Western Europe grew by 11.6 percent, while exports to Northern Europe saw a remarkable 17.7 percent increase.…

Prime Minister Muhammad Shehbaz Sharif has directed the authorities concerned to ensure level playing field to local industries to accelerate industrial growth and increase exports. He was chairing a review meeting in Islamabad on Thursday, regarding the Export Facilitation Scheme.  During the meeting, recommendations were presented to make the Scheme…

PANAH referenced a World Bank 2022 study, which showed that a 50% excise tax on sugary drinks could reduce per capita consumption to 5.2 liters, result in an average annual health gain of 21 DALYs per 10,000 population, generate an economic value of $7 million, and boost tax revenues by…

PIA has achieved an operating profit of 9.3 billion rupees and net profit of 26.2 billion rupees after more than two decades. Prime Minister Shehbaz Sharif has expressed satisfaction over the profit recorded by PIA. In a post on his X handle, he described it as a major turnaround after…

Managing Director OGDCL Ahmed Hayat Lak has said Pakistan Minerals Investment Forum has laid the groundwork for a new era of responsible, sustainable and inclusive mining in Pakistan. Addressing the concluding session of Pakistan Minerals Investment Forum in Islamabad today, he said Pakistan is not just mineral rich, but also…

Minister for National Food Security and Research Rana Tanveer Hussain has said that the government is prioritizing the development of quality seeds to ensure better crop yields and farmer prosperity. He was talking to Secretary General of the Economic Cooperation Organization Asad Majeed in Islamabad today (Wednesday). The Minister highlighted…

Finance Minister Muhammad Aurangzeb says the government is committed to accelerating the privatization process, with twenty-four state-owned entities already added to the privatization pipeline. During a meeting with a delegation of global professional services firm Alvarez & Marsal led by Peter Briggs, in Islamabad today, he reiterated that the government’s…