Business

Minister for Finance and Revenue Muhammad Aurangzeb has said the country received a record high inflow of remittances, amounting to 3.1 billion dollars in February this year. Talking to the media alongside Minister of Information and Broadcasting Attaullah Tarar in Islamabad on Tuesday, he conveyed his gratitude to the Pakistanis…

During December 2024, 21% of the electricity procured by CPPA-G (i.e. 2,171 MW) came from RLNG plants within the national grid as compared to 19% produced by KE (i.e. 252 MW) from RLNG, with fuel costs comparable to those power plants operated by KE during the same period, says the…

The country’s economy is on positive trajectory as is reflected in various economic indicators. According to latest statistics, the country’s exports have reached 30.351 billion dollars. The export target for 2025 is set at 32.34 billion dollars, signaling a strong economy. Remittances from overseas Pakistanis are a crucial source for…

China has rolled over repayment of two billion dollar debt to Pakistan for one year. This was stated by Khurram Schehzad, the Advisor to Finance Minister while talking to Bloomberg News. The latest rollover comes at a time when Pakistan is going through the first review of its seven billion…

Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. He expressed these views during a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies in Islamabad today. The Minister further noted that the government…

Planning Minister Ahsan Iqbal has emphasized that Pakistan’s progress and economic stability are unattainable without the active participation of women. Addressing a special ceremony in connection with the International Women’s Day in Islamabad today, he highlighted that over half of Pakistan’s population comprises women, and until they are provided equal…

Faysal Bank Limited (FBL), one of Pakistan’s largest Islamic banks, has strengthened its commitment to sustainability and women’s empowerment by partnering with Akhuwat Islamic Microfinance (AIM) and The Citizens Foundation (TCF). Under this collaboration, the Bank aims to provide women with interest-free solar financing. Launched on International Women’s Day, this…

In line with our mission to empower underserved communities and expand financial access, easypaisa digital bank is actively supporting the Government of Pakistan this Ramadan, in delivering vital financial assistance to those who need it most, under the Prime Minister’s Ramadan Relief Package. As part of this initiative, PKR 20…

Finance Minister Muhammad Aurangzeb has expressed government’s strong commitment to providing all possible support to the textile sector. He made this commitment at a meeting with the leadership of the All Pakistan Textile Mills Association in Islamabad on Thursday. The Minister also reiterated government’s commitment to resolving critical issues related…

Jazz, Pakistan’s leading digital conglomerate, has partnered with Huawei to deploy solar power at 1,000 telecom sites nationwide. This initiative, powered by Huawei’s iSolar technology, will significantly enhance Jazz’s transition to a sustainable telecom network by integrating renewable energy solutions. The solarization of these sites, expected to be completed in…

Finance Minister Muhammad Aurangzeb has said Pakistan is well positioned for the first review of its seven billion dollars International Monetary Fund (IMF) bailout programme. Talking to Reuters, he said there will be two rounds of talks with the IMF, first technical and then policy level. The talks between Pakistan…

Minister for Power Sardar Awais Ahmed Khan Leghari has invited Kyrgyz investors to explore opportunities in Pakistan’s energy sector and participate in various projects. Talking to Ambassador of Kyrgyzstan to Pakistan, Avazbek Atakhanov, in Islamabad, he emphasized the potential for joint ventures in renewable energy. The Minister briefed the Ambassador…

Bloomberg reports that the consumer price index (CPI) of Pakistan marked the lowest reading since the index was created in 2017. According to the Bloomberg, the State Bank of Pakistan has been reducing policy rates since June of the previous year to stimulate demand and foster economic recovery. In an…

Prime Minister Shehbaz Sharif has directed the Ministry of Commerce to present a comprehensive plan to increase the current trade volume between Pakistan and Azerbaijan to two billion dollars. Chairing a review meeting regarding his recent visit to Azerbaijan in Islamabad on Tuesday, he said the signed Memorandums of Understanding…

Deputy Prime Minister and Senior Federal Minister for Foreign Affairs Ishaq Dar has expressed satisfaction over the pace of Pakistan’s economic development, stating that the country will soon stand among developed nations and is likely to become a part of the G20 by 2030 at the latest. He emphasized that…

Minister for Planning and Development, Ahsan Iqbal has said that country’s economy is improving due to successful government policies. Addressing a ceremony in Narowal on Monday, he said that there has been an unprecedented reduction in inflation as well as bank interest rates while stock market is doing great business.…

Pakistan’s annual inflation rate slowed to 1.5% in February, the lowest in nearly a decade and below the finance ministry’s estimates, data from the statistics bureau showed on Monday.Inflation has cooled significantly, easing from 23.1% in February 2024.Consumer prices in February fell 0.8% from the month before, according to the…

Minister Planning, Development and Special Initiatives, Prof Ahsan Iqbal refuted the claims made in a recent article for Time magazine, by former Prime Minister Imran Khan, highlighting significant improvements in the country’s economic indicators since Khan’s departure from office in April 2022. Writing from prison, Khan portrayed a bleak picture…

Ambassador of the Republic of Uzbekistan to Pakistan, Alisher Tukhtaev says Pakistan and Uzbekistan are committed to achieve target of the bilateral trade volume worth one billion dollar. Talking to Uzbek media, he said both the countries were actively working on joint measures aimed at further increasing the volume of…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic Bank, has signed a strategic Memorandum of Understanding (MOU) with OlaDoc, a leading digital healthcare platform. This collaboration is designed to provide home remittance account holders with free access to a range of essential digital healthcare services through the OlaDoc app.…

Prime Minister Shehbaz Sharif has expressed Pakistan’s commitment to Trans Afghan railway project, emphasizing that this game changer project will transform trade in the entire region. Addressing Pakistan-Uzbekistan Business forum in Tashkent today, he said both the countries will be taking steps in unison to achieve and materialize this project.…