Business

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…

Pakistan Stock Exchange (PSX) achieved another milestone today and surpassed the psychological barrier of one lac thirty-three thousand points in the hundred index during the trading. The hundred index that closed at one lac thirty-one thousand nine hundred and forty-nine (131,949) points on last working day reached one lac thirty-three…

Finance Minister Muhammad Aurangzeb has said the National Tariff Policy represents a five-year roadmap toward liberalizing trade, fostering export-led growth, and enhancing industrial competitiveness. Chairing a meeting of the Steering Committee for the Implementation of the National Tariff Policy in Islamabad on Monday, he underscored the significance of sustained tariff…

On the directives of Prime Minister Shehbaz Sharif, Federal Board of Revenue (FBR) has, for the first time in Pakistan’s history, introduced an Artificial Intelligence-based Customs Clearance and Risk Management System. Chairing a meeting on FBR reforms in Islamabad on Monday, Prime Minister Shehbaz Sharif said FBR reforms are among…

Prime Minister Muhammad Shehbaz Sharif has invited UAE’s telecommunications company Etisalat Group to enhance its investment portfolio in diverse sectors of Pakistan’s economy. He was talking to a five-member delegation of the Group headed by its CEO Hatem Dowidar in Islamabad on Monday. The Prime Minister highlighted that providing business-friendly…

he Sustainable Development Policy Institute (SDPI) recently hosted a discussion titled, ‘Post budget dialogue on electricity pricing: Impact of fiscal priorities and tariff reforms’. The session brought together key energy experts and thought leaders to critically assess pressing issues faced by Pakistan’s power sector; focusing particularly on the complexities of…

The government is committed to modernization through financial incentives and policy reforms in the energy sector. The country is witnessing significant progress in the energy sector under the Special Investment Facilitation Council. The SIFC has directed amendment in Brownfield Refinery Policy to bring stability in the energy sector. The policy…

The Competition Commission of Pakistan (CCP) has imposed a total penalty of Rs. 42 million on United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited (IBL) for entering into and giving effect to a non-compete agreement that violated Section 4 of the Competition Act, 2010. In a detailed order,…

Special Investment Facilitation Council (SIFC) has revitalized Pakistan’s mineral sector through transparent policies and investor-friendly initiatives. These efforts have led to better utilization of natural resources, boosted both local and international investment and paved the way toward national self-reliance. Significant progress in key mineral projects like Reko Diq, Saindak and…

Federal Minister for Finance and Revenue Muhammad Aurangzeb has called for a renewed global commitment to revitalizing international development cooperation to meet the aspirations of the 2030 Agenda for Sustainable Development. Speaking at a Multistakeholder Round Table during the Fourth International Conference on Financing for Development (FfD4) in Sevilla, Spain,…

Pakistan Stock Exchange (PSX) achieved another milestone and surpassed the psychological barrier of one lac twenty-five thousand points during trading today. The hundred index that closed at one lac twenty-four thousand three hundred seventy-nine (124,379) points on last working day reached one lac twenty-five thousand two hundred and fifty-three (125,253)…

Pakistan and Vietnam have agreed to expand cooperation in the Halal seafood industry, signaling a new chapter in bilateral trade relations between the two countries. The agreement came during a meeting between the Ambassador of Vietnam to Pakistan, Pham Anh Tuan, and representatives of the Pakistan Fisheries Exporters Association with…

Minister for Planning and Development Ahsan Iqbal says the government is implementing an agenda of sustainable economic progress. Addressing a ceremony in Lahore on Monday, he said the government is pursuing a goal of achieving taking economy of Pakistan to one trillion dollar by the year 2035. He said our…