Business

Tobacco farmers of KPK’s economically marginalized areas have warned that the recent exorbitant increase in federal excise duty (FED) on cigarettes will reduce economic prospects for tobacco farmers and, in the face of hardship, increase poverty and unemployment. Additionally, it might encourage a few farmers to turn to anti national…

Minister of State for Petroleum Musadik Malik has said Reko Diq project is important for the development of Balochistan along with the mining sector. Talking to a delegation of Barrick Gold on Tuesday, he was appreciative of the step to provide seventy percent jobs in the project to the local…

Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that Pakistan is the only producer of pink salt in the world and the government should cooperate with the private sector in value addition of this salt that would enable the country to earn billions of dollars through its…

Prime Minister Shehbaz Sharif says the government is taking every possible step to facilitate foreign investors. He was talking to a delegation of Reqo Dik Mining Company, headed by its Chief Executive Officer Mark Bristow who called on him in Islamabad on Monday. While talking to the delegation, the Prime…

Pakistan’s largest homegrown OTT platform, Tamasha, has launched its first-ever original series, “Family Bizniss”, in collaboration with Big Bang Entertainment. The launch event was recently held at the Jazz Digital Headquarters attended by Kaan Terzioglu, CEO of VEON Group; Aamir Ibrahim, CEO, Jazz; Aamer Ejaz, Chief Digital Officer, Jazz; and…

International Monetary Fund Chief Kristalina Georgieva has warned of increased risks to global financial stability and called for actions by advanced economies. Speaking at a conference of China Development Forum in Beijing on Sunday, the IMF head said 2023 would be another difficult year, with global growth slowing to below…

The government today announced a Ramazan Relief Package worth five billion rupees to provide maximum relief to the poor segment of society during the holy month of Ramazan across the country. Addressing a news conference in Islamabad on Tuesday, Minister for Industries and Production Syed Murtaza Mahmud said first priority…

Prime Minister Muhammad Shehbaz Sharif has said that government is taking steps to provide all possible facilities to the investors and industrialists. He was talking to Chairman Dawlance Fatih Kemal Ebiclioglu who along with a delegation called on him in Islamabad on Monday.  The Prime Minister said there are immense…

Finland-Pakistan Business Council (FPBC) organized the 10th edition of its legacy Finland Pakistan Business Summit 2023 in Islamabad. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development. The summit was inaugurated by…

K-Electric Limited, in collaboration with Nutshell Group, jointly hosted a National Policy Dialogue on Localisation for growth at a local hotel in Karachi. The dialogue addressed the urgent need to explore options for indigenisation and sourcing materials from local avenues for Pakistan to build a resilient economy. As the world’s…

 The Securities and Exchange Commission of Pakistan (SECP) registered 2,414 new companies in February 2023, bringing the total number of registered companies to 187,569. The total paid-up capital (capitalization) of the companies incorporated in February was Rs 2.5 billion. Approximately 57% of businesses were registered as private limited companies, 40%…

Finance Minister Ishaq Dar on Thursday said that the International Monetary Fund (IMF) was “satisfied” with Pakistan’s actions but the staff-level agreement could not be signed this week. “We seem to be very close to signing the staff-level agreement hopefully in the next few days,” Dar said in his address during a seminar titled “Reviving Economic…

The Women’s Council of SAARC Chamber of Commerce and Industry organized a conference focusing on “Building a Gender-Inclusive Digital Economy in South Asia: A Path to Women’s Empowerment” to celebrate International Women’s Day in Islamabad. The seminar title was aimed at discussing women’s empowerment through the digital economy. Addressing the…

Sastaticket.pk, a leading e-ticketing platform in Pakistan, is proud to celebrate International Women’s Day by recognizing the incredible achievements of its hard working female call center staff. These women play a vital role in making ticket booking easy and hassle-free for customers, and their dedication and commitment have helped propel…

The Utility Stores Corporation has made full preparation for Ramazan relief package to provide maximum relief to the poor masses across the country during the holy month. This was stated by a spokesperson of the Corporation in a news release in Islamabad on Wednesday. He said ample supply of all…

SECP pledges to continue to promote gender diversity and women participation in the corporate sectorISLAMABAD, March 8: The Securities and Exchange Commission of Pakistan (SECP) celebrated International Women’s Day with a pledge to continue efforts to improve female representation in the corporate sector of Pakistan.Former SECP Commissioner Sadia Khan graced…

President of Bank of Azad Jammu and Kashmir Mr. Khawar Saeed visited the field offices and branches of the institution in Mirpur the other day.On the occasion of visiting the Regional Office, Credit Administration Division Office, Main Branch, Kotli Road Branch, Ladies Branch , he reviewed the professional activities of…

Members of the Male Champions of Change Pakistan Group release their first progress report, providing transparency and accountability for their individual and collective actions taken to accelerate gender equality, and women’s representation in their organisations. The Male Champions of Change Pakistan 2022 Progress Report presents the 2022 results for Member…

On the occasion of International Women’s Day, Careem announces plans to launch a new women-driven motorbike service, catering exclusively to its female customers. The service will commence in Karachi and make its way to other cities in Pakistan. Careem welcomes registrations from women who are interested in working as a…

The Corporate Philanthropy Awards 2023 ceremony, organized by Pakistan Centre for Philanthropy (PCP) on 7th March at Marriott Hotel Karachi was chaired by Mr. Akif Saeed, Chairman Securities and Exchange Commission of Pakistan (SECP). While addressing the event, Mr. Akif Saeed said that the business sector should be encouraged, supported…

“As the apex regulator of the corporate sector and capital markets in Pakistan, SECP facilitates an inclusive economic and work environment”, said SECP Chairman Akif Saeed. He informed that females in senior management positions at SECP now account for 38% while 51% of all new recruitments in the last year…

Commerce Minister Syed Naveed Qamar has expressed hope that after revival of the program by IMF Board, the reserves would increase with inflow from friendly countries and international banks. In a statement, he said the revival of the program alone is not a panacea for all ills, rather; we need…