Business

Special Investment Facilitation Council’s efforts have led to creation of favourable environment for investment in the country. Out of one hundred and thirty-six proposals by the Board of Investment (BOI), one hundred and four have been approved, and nineteen regulations have been abolished, raising expectations for improved ease of doing…

Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry has announced a fifty percent reduction in port charges at Karachi Port to reduce the carbon footprint of trade logistics and foster sustainable growth. In a statement, the Minister said the initiative is part of a broader strategy to decarbonize the maritime…

Pakistan and the European Union have reiterated their resolve to continue close engagement under the GSP+ framework. This resolve was expressed at the 10th Political Dialogue between the European Union and Pakistan in Brussels on Thursday. The Dialogue covered key issues of the EU-Pakistan bilateral cooperation, as well as regional…

A high-level meeting of the committee constituted by the Prime Minister to oversee closure and privatization of the Utility Stores Corporation has reaffirmed that all operations of Utility Stores Corporation will be closed by 31st of this month in accordance with the government’s directives. The meeting of the committee was…

Ful Foods (-ful), an agritech startup focused on sustainable localized animal feed, has been selected as the only Pakistani semifinalist in the United Nations World Food Forum Startup Innovation Awards, one of the most prestigious international platforms for innovations in food systems. The competition consisted of nearly 2,000 applications from…

Finance Minister Muhammad Aurangzeb has affirmed that Pakistan is ready to carry forward the journey of resilience, reform and recovery to unlock long-term, inclusive and export-oriented economic growth. He was speaking during a virtual engagement with Moody’s Rating Agency at the Finance Division in Islamabad today (Tuesday). The Finance Minister…

Pakistan’s Crypto strategy has gained significance in the global economic landscape. Through its crypto policy, Pakistan is improving economic relations with global powers like the United States. Pakistan has involved global players like Binance founder Changpeng Zhao in its initiative. Pakistan is now planning Bitcoin mining project. By building a…

The government has established a new authority National Agri-Trade and Food Safety Authority (NAFSA) under the facilitation of Special Investment Facilitation Council. The establishment of the new body, by merging DPP and Animal Quarantine, is an important milestone towards development of agriculture sector. NAFSA is aimed at introducing modern agricultural…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over Pakistan Stock Exchange crossing record 135,000 points. In a statement, he said the historic surge of stock market is a reflection of the business community’s confidence in the Pakistani economy. He said recent positive economic indicators are a testament to the…

Pakistan Stock Exchange (PSX) achieved another milestone today and surpassed the psychological barrier of one lac thirty-five thousand points during the trading for the first time in history. The hundred index that closed at one lac thirty-four thousand two hundred ninety-nine (134,299) points on last working day reached one lac…

Prime Minister Shehbaz Sharif has welcomed the simplification of tax returns and their availability in Urdu and directed to establish a helpline aimed at assisting the filing process. Chairing a meeting to review progress on FBR reforms in Islamabad on Monday, he also instructed to launch a digital invoicing in…

The International Monetary Fund’s Resident Representative for Pakistan, Mahir Binici has reaffirmed continued support for Pakistan’s economic and climate reform agenda. Addressing economists, researchers and policy experts at Sustainable Development Policy Institute in Islamabad, Mahir Binici said the growth across the Middle East and Pakistan is expected to strengthen in…

Special Investment Facilitation Council (SIFC) in its second year achieved significant success in the areas of economy, investment and reforms. Remittances witnessed a remarkable increase of 28.79 percent. Seventy percent of these remittances came from Saudi Arabia, the UAE, the UK, and the USA. There has been a growing demand…

Deputy Prime Minister Mohammad Ishaq Dar called on Malaysian Prime Minister Dato’ Seri Anwar Ibrahim in Putrajaya. Ishaq Dar reaffirmed Pakistan’s commitment to deepening bilateral ties with Malaysia. He also appreciated Malaysia’s leadership as ASEAN Chair for the year 2025. Ishaq Dar appreciated the practical steps taken by the Malaysian…

Muhammad Azfar Ahsan, Pakistan’s former Minister for Investment, has called on the Government of Pakistan to urgently resolve the issues being faced by the Saudi investors, especially the Al-Jomaih Group’s investment in K-Electric. He stressed that Pakistan’s investment reputation is at risk due to prolonged inaction and must be restored…

Islamabad: Eighteen, Pakistan’s premier luxury real estate development, proudly announces the launch of its latest campaign, “Eighteen Welcomes You.” A heartfelt celebration of its evolution from architectural blueprints to a thriving community and visionary lifestyle destination. The campaign is anchored by a compelling new TV commercial, featuring Eighteen’s CEO, who…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over record increase in remittances in the last fiscal year. In a statement, he mentioned that overseas Pakistanis sent record 38.3 billion dollars in remittances during the fiscal year 2024-25. He noted that this is eight billion dollars more than the remittances…

The journey of Pakistan towards attaining self-reliance in the energy sector continues at a fast pace under the Special Investment Facilitation Council. The government, under the Vision 2031, is undertaking several projects to develop renewable energy, including a shift from coal and furnace oil to hydro, solar, and Compressed Natural…

Minister for Finance Senator Muhammad Aurangzeb says the government is fully committed to implement the FBR transformation plan approved by Prime Minister Shehbaz Sharif. He was presiding over a meeting of the Cabinet Committee on Rightsizing of the Federal Government, held in Islamabad today (Tuesday). The meeting was attended by…

Prime Minister Shehbaz Sharif says enhancing agricultural productivity, promoting value addition and increasing exports of agricultural products are among the government’s top priorities. Chairing a high-level meeting in Islamabad today (Tuesday) on matters related to the agriculture sector, the Prime Minister directed the formulation of a comprehensive short and long-term…

Devsinc, a leading IT and ITeS firm, has introduced their Employee Stock Ownership Plan (ESOP), offering company shares to employees across the board. As evidence of Devsinc’s long-term commitment to value creation and employee empowerment, the initiative is to strengthen employee retention, foster a founder-like mindset, and align individual success…