Business

Punjab budget for the next financial year with a total outlay of 5,335 billion rupees was presented on Monday. Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the budget in Punjab Assembly in Lahore. Unveiling the budgetary proposals, the finance minister announced that no new taxes have been levied, making it a…

Pakistan’s Ambassador-designate to Japan, Abdul Hameed Bhutta, called on Deputy Prime Minister and Foreign Minister Ishaq Dar in Islamabad today. The Deputy Prime Minister congratulated the Ambassador designate and conveyed to him his best wishes for a successful tenure. Ishaq Dar emphasized the importance of further expanding Pakistan-Japan bilateral relations,…

The International Finance Corporation will provide financial assistance of 400 million dollars for Reko Diq project. The total investment of IFC in Reko Diq project reaches 700 million dollars. Other financiers including the U.S. EXIM Bank, Asian Development Bank, Japan and Canada are also expected to join the financing package.…

Punjab budget for the next financial year will be presented in the provincial assembly in Lahore on Monday. Punjab Finance Minister Mujtaba Shuja ur Rehman will present the budget in the House. Earlier, provincial cabinet will accord approval to the budget. Punjab Finance Minister Mujtaba Shuja-ur-Rehman said that the budget…

Finance Minister Muhammad Aurangzeb has expressed Pakistan’s resolve to take a lead in development and adoption of digital assets, and set a benchmark for innovation and inclusive growth in the digital economy. He was virtually co-chairing a high-level meeting alongside Minister of State for Crypto and Blockchain Bilal Bin Saqib…

Prime Minister Muhammad Shehbaz Sharif has directed for the early finalization of the Electric Vehicles Policy 2025 in consultation with all stakeholders. He issued these directives while chairing a high-level meeting in Lahore on Saturday to review the policy framework for the promotion of the electric vehicles industry in the…

The Budgets for fiscal year 2025-26 of Khyber Pakhtunkhwa and Sindh provinces will be presented in their respective Provincial Assemblies tomorrow. Khyber Pakhtunkhwa Minister for Finance Aftab Alam Afridi will present the budget in the Khyber Pakhtunkhwa Assembly at 03:00 in the afternoon. Meanwhile, Sindh Chief Minister Syed Murad Ali…

The Pakistan Stock Exchange, for the first time in history, crossed the psychological barrier of one hundred twenty-five thousand (125,000) points at the start of the business on Thursday.   Pakistan Stock Exchange witnessed a bullish trend with an increase of 1138 points in hundred index at the start of the…

A ‘Minerals Complex’ has been established for mineral exploration with the support of Special Investment Facilitation Council (SIFC).   The Minerals Complex has been set up under the Anfal Group.   Through close coordination between SIFC and the Punjab government, a work order has been issued to ‘Anfal Group’ with an initial…

*Please note: This was produced by S&P Global Market Intelligence, not S&P Global Ratings, which is a separately managed division of S&P Global. Summary: S&P Global Market Intelligence forecasts the overall budget deficit to be 5.1% of GDP, higher than the budget estimate of 3.9% of GDP, with real GDP…

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…