Business

Pakistan has entered into a new era of digital economy and tech diplomacy. Special Assistant to the Prime Minister Bilal bin Saqib has started crypto diplomacy through high-level meetings in the United States. Pakistan’s partnership with renowned company ‘World Liberty Financial’ has paved the way for US investment. Pakistan Crypto…

Prominent international media firm Bloomberg has termed Pakistan the most improved economy in terms of default risk reduction. According to a report by research division of Bloomberg, this improvement is due to renewed confidence of investors, macroeconomic stabilization, structural reforms, successful IMF engagement, timely debt repayments and improved credit outlooks…

Pakistan’s mining industry makes history globally by securing first ever gold certification. Sindh Engro Coal Mining Company has received the Alliance for Water Stewardship (AWS) gold certification for its effective water use practices in Thar. It is the first time that any mining company in the world has received AWS…

Minister for Economic Affairs, Ahad Khan Cheema, has applauded the strengthened collaboration between Pakistan and the World Bank Group in strengthening the economy. He was interacting with World Bank leadership during his official visit to the United States. While meeting, Managing Director Operations Ms. Anna Bjerde, and South Asia Regional…

The National Assembly has approved all the supplementary grants pertaining to different ministries and divisions for the years 2024-25 and 2023-24. The House also approved excess demands for grants for the financial year 2023-24. These were moved by Finance Minister Muhammad Aurangzeb. The Finance Minister laid before the House: Schedule…

State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q3 FY25, providing summary on the payment systems, and presenting notable changes in the digital payment landscape of the country. The digital payments in the country continued its upward trajectory during Q3-FY25, with substantial increase in transactional…

The Gilgit-Baltistan budget for financial year 2025-26 with the total outlay of 150 billion rupees was presented on Monday. The session was chaired by the Speaker Assembly Nazir Ahmed. Finance Minister Engineer Muhammad Ismail presented the budget in the session. Finance Minister Engineer Muhammad Ismail said that 22 billion rupees…

Reforms in the energy sector under Special Investment Facilitation Council have accelerated the journey to energy self-reliance. About eighty-six billion rupees were recovered through operations against power pilferage during the last year. A comprehensive strategy is being implemented to reduce circular debt. Several power projects have been completed including a…

Finance Minister Muhammad Aurangzeb has described the budget for the next financial year as balanced, emphasizing that measures have been taken to pave the way for inclusive and sustainable economic growth. Winding up the discussion on the Federal Budget 2025-26 in the National Assembly today, he highlighted the revisions made…

Prime Minister Muhammad Shehbaz Sharif has directed to make digital transactions cheaper and easier for the people to promote cashless economy in the country. Chairing a meeting in Islamabad on Monday, he directed for constituting three committees including Digital Payments Innovation and Adoption Committee, Digital Public Infrastructure Committee and Government…

Finance Minister Muhammad Aurangzeb has expressed the government’s firm commitment to take the country towards inclusive and sustainable economic growth. Winding up discussion on the finance bill 2025-26 in the Senate on Saturday, he said the government exercised fiscal discipline, checked inflation, enhanced foreign exchange reserves and brought improvement in…

The Green Pakistan Initiative under the Special Investment Facilitation Council has ushered in sustainable development in agriculture and livestock sectors. As part of the initiative, satellite monitoring of crops and ‘LIMS Pakistan’ website has also been launched to guide farmers about modern farming techniques. The initiative has also ensured equitable…

National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have formalized a landmark partnership today through the signing of a Memorandum of Understanding (MoU), aimed at strengthening the cybersecurity and compliance readiness of the financial sector in Pakistan. The signing ceremony was held at the Risk Associates regional…

Embassy of Pakistan in Washington, D.C., hosted the final sequel of the “Pakistan-U.S. Tech Investment Conference 2025,” drawing a significant turnout of IT firms, tech executives, business leaders, and entrepreneurs. In his remarks on the occasion, Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh said the IT sector holds…

Today, S&P Global announced the completion of 20 years of operations in Pakistan. Since its establishment in 2005, S&P Global Pakistan has played a pivotal role in delivering Essential Intelligence that empowers governments, businesses, and individuals to unlock opportunities, overcome challenges, and accelerate progress—both locally and worldwide. Reflecting on this…

The Federal government is committed to fostering the business environment for growth, innovation and prosperity. This was stated by Coordinator to the Prime Minister on Commerce, Rana Ihsaan Afzal, while addressing the National Regulatory Reforms Conference in Islamabad on Wednesday. He said the government has achieved economic stabilization and now…

Prime Minister Muhammad Shehbaz Sharif has constituted a committee for Cashless Economy and Digitization of the Economy. The committee was formed at a high-level meeting regarding promotion of Cashless Economy and Digitization held in Islamabad on Wednesday with Prime Minister Muhammad Shehbaz Sharif in the chair. The committee will review…

Balochistan Budget for financial year 2025-26 with a total outlay of 1028 billion rupees was presented on Tuesday. Balochistan Finance Minister Mir Shoaib Noshirwani presented the Budget in Balochistan Assembly session in Quetta this afternoon with Speaker Abdul khaliq Achakzai in the chair. While presenting the budget Shoaib Noshirwani said…

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.…