Business

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…

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…