Business

The Competition Commission of Pakistan (CCP) has imposed a collective fine of Rs. 155 million on eight major poultry hatcheries for cartelization and price-fixing of day-old broiler chicks (DOCs).The CCP took suo motu notice of cartelization in the Day-Old Chick (DOC) market and initiated a comprehensive inquiry. The inquiry found…

In a significant step toward strengthening global Web3 ties, Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), met with TRON founder and crypto pioneer Justin Sun during TOKEN2049 in Dubai. The high-level meeting focused on expanding Pakistan’s role in the global blockchain ecosystem and creating meaningful opportunities for…

InfraZamin Pakistan in collaboration with the Securities and Exchange Commission of Pakistan (SECP), British High Commission Islamabad, and the Private Infrastructure Development Group (PIDG) hosted a seminar titled “Green Financing via Debt Capital Markets” in Islamabad. The event brought together senior professionals and international experts from the regulatory, financial, and…

Pakistan’s macroeconomic conditions improved further in H1-FY25, according to the State of Pakistan’s Economy, Half Year Report FY25, released today by the State Bank of Pakistan (SBP). The report noted that headline inflation fell sharply, the current account balance turned into a surplus, and the fiscal deficit was contained to…

World Liberty Financial (WLF) — the decentralized finance (DeFi) platform backed by the U.S. President Donald Trump — has signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and decentralized finance (DeFi) integration across Pakistan.The WLF delegation — including Zachary…

Governor of the State Bank of Pakistan, Mr. Jameel Ahmad, reaffirmed Pakistan’s improving macroeconomic stability and outlook during high-level meetings with senior executives from global financial and investment institutions, including JP Morgan, Standard Chartered, Deutsche, Jefferies, and major credit rating agencies. These engagements took place on the sidelines of the…

Minister for Finance, Senator Muhammad Aurangzeb says Pakistan’s economy is now on the right track and heading towards sustainable growth. Talking to media in Washington on Saturday, he stressed the importance of maintaining the current course and reaffirmed the government’s dedication to implementing ongoing reforms.  He said the economy has…

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Christos Harpanditis, Vice President of Philip Morris International, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. The Finance Minister appreciated the company’s longstanding commitment to Pakistan and acknowledged its contributions to the…

The Pakistan Lifestyle Furniture Expo in Islamabad is being held from April 25 to 27, with Special Assistant to the Prime Minister, Haroon Akhtar Khan, attending as the Chief Guest. Haroon Akhtar Khan inaugurated the expo by cutting the ribbon and addressed the media, emphasizing the importance of developing Pakistan’s…

K-Electric has officially closed entries for its Energy Progress & Innovation Challenge (EPIC) 2025 following an enthusiastic nationwide response from academia, entrepreneurs, researchers, and startups. As of the final deadline, over 250 entries were received from across Pakistan, reflecting the growing spirit of innovation and localisation in Pakistan’s energy landscape.…

Pakistan’s economy continues to stabilize and is expected to grow by two point seven percent in the current fiscal year as compared to two point five percent in the previous year. According to World Bank’s latest Pakistan Development Update, the real GDP growth will be supported by recovering private consumption…

Finance Minister Muhammad Aurangzeb has invited Turkish investors and businessmen to explore investment opportunities in Pakistan, particularly in the dairy, cheese and livestock sectors. He was talking to Finance Minister of Turkiye Mehmet SimSek on the sidelines of the IMF-World Bank Spring Meetings in Washington.              Muhammad Aurangzeb highlighted the…

Faysal Bank Limited (FBL) demonstrated resilient financial performance and on a standalone basis, reported a Profit before Tax (PBT) of PKR 11.1 billion and net profit stood at PKR 5.1 billion. Impacted by reduction in policy rate and increase in the tax rate from 49% to 53%, Earnings Per Share…

Minister for Finance Muhammad Aurangzeb, participated in a panel discussion on “Revenue Mobilization in the Medium Term” organized by the International Monetary Fund during the 2025 Spring Meetings in Washington. He highlighted the measures being taken by Pakistan to broaden and deepen the tax base, enhance the contribution of agriculture,…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, reinforced its commitment to social responsibility and nation-building through a meaningful visit to Habib University — a premier liberal arts and sciences institution dedicated to shaping future leaders and thinkers. Mr. Mian Muhammad Younis, Chairman of the Board of Directors,…

The Islamabad Chamber of Commerce and Industry (ICCI), in collaboration with Pakistan International Property Exhibition (PIPEX), is set to organize the “Build & Invest Expo 2025” in Muscat, Sultanate of Oman, on May 23-24, 2025. The event, dedicated to real estate and allied industries, will be held at the prestigious…

Pakistan’s Current Account posted a record and one of the highest monthly surpluses last month with 1.19 billion dollars, which is 229 percent rise on year on year basis. A statement issued by Advisor to Finance Minister Khurram Schehzad said the Surplus in March 2024 stood at 363 million dollars…

Minister for Foreign Affairs and Trade of Hungary Péter Szijjártó has expressed his country’s strong desire to broaden cooperation with Pakistan across various sectors including economy and trade. He was addressing Pakistan-Hungary Business forum in Islamabad on Thursday. The Hungarian foreign minister expressed the confidence that B2B meetings between the two…

LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS) 2025, themed Navigating the Unknown, came to a powerful close with globally recognized leaders, policy makers, experts, and thousand plus delegates, deliberating on unified approach, consistency of reform, technology and investment landscape, for Pakistan. Shahid Khaqan Abbasi, former Prime Minister of Pakistan, reinforced the…

Day 1 of the 8th Edition of Pakistan’s biggest corporate event, LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS), commenced at a local hotel. Under the theme Navigating the Unknown, the Summit convened a bespoke gathering of leaders from both the public and the private sector, who confronted the critical challenges of…

Prime Minister Shehbaz Sharif has welcomed the upgradation of economic rating of Pakistan by global credit rating agency Fitch, calling it a reflection of economic progress and world community’s confidence in the national economy. The Prime Minister, in a statement, said that the upgradation of Pakistan’s credit rating from CCC+…