Business

Pakistan and the German Government Bank for Development (KfW) have signed an 18 million euros grant agreement to promote hydropower and renewable energy in the northern areas of the country. The agreement was signed by Secretary Economic Affairs Division Muhammad Humair Karim and KfW Country Director Sebastian Jacobi. Under the…

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the launch of a new feeder shipping service from Karachi Port to the United Arab Emirates, marking a key step toward transshipment capabilities. In a statement, he said the new service will enable Pakistani importers and exporters to maintain…

Prime Minister Shehbaz Sharif has decided not to increase the prices of petroleum products this time despite a rise in oil prices in the international market. According to a statement issued on Friday, the decision has been taken in line with the commitment made to the public and to reduce…

Minister for Information Technology and Telecommunication Shaza Fatima Khawaja has announced that the 5G spectrum auction has been successfully completed. She was addressing a news conference alongside PTA Chairman Hafeez Ur Rehman and telecom representatives in Islamabad today. The Minister said the transparent auction of 480 megahertz of spectrum will…

Finance Minister Muhammad Aurangzeb held a meeting with a delegation of leading textile and apparel exporters and industry stakeholders. The delegation was led by Chairman Pakistan Regional Economic Forum Haroon Sharif. During the meeting, the Finance Minister emphasized that strengthening export-led sectors remains central to Pakistan’s economic revival strategy. He…

ARY Digital Network, one of Pakistan’s most influential and widely viewed television networks, has acquired majority shares of the digital media platform Nukta as part of ARY Group’s broader strategy to expand its leadership in the evolving digital media landscape. The move reflects ARY Group’s continued commitment to innovation in…

Pakistan is entering a new phase of digital transformation and Zong is at the forefront of this change. Zong, the country’s pioneering technology service enterprise and a subsidiary of the global telecommunications leader and world-class technology service enterprise China Mobile, has successfully acquired 5G spectrum in the auction conducted by…

The Competition Commission of Pakistan (CCP) has released a draft report proposing wide-ranging reforms aimed at strengthening and modernizing the country’s aviation sector. According to the report, the reforms focus on improving transparency, efficiency, and competitiveness within the aviation ecosystem. Key recommendations include the creation of a centralized aviation data…

Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue to further strengthen enforcement to increase revenues and curb tax evasion. He was chairing a weekly review meeting on FBR’s affairs in Islamabad today. The Prime Minister also directed to bring majority productive sectors under the scope of automated…

The Board of Directors of easypaisa digital bank has approved the audited financial statements for the year ended December 31, 2025, with the Bank delivering remarkable results, marking a successful year as the country’s first digital retail bank and further reinforcing its leadership position in Pakistan’s digital financial sector. easypaisa…

Pakistan is witnessing significant progress in business activities, with a record increase in registration of new companies. According to Securities and Exchange Commission of Pakistan, three thousand, four hundred and forty-four new companies were registered in the month of February. Following these new registrations, the total number of registered companies…

Minister for the Board of Investment Qaiser Ahmed Sheikh has reaffirmed the government’s commitment to extend full cooperation to investors and promote foreign investment in Pakistan. Talking to the media in Chiniot today, he said the government is determined to provide relief to the public and facilitate the investors.     He…

Minister for National Food Security and Research, Rana Tanveer Hussain says the government will ensure a stable fertilizer supply despite regional challenges. He was chairing a high-level meeting of the Fertilizer Review Committee in Islamabad today. Rana Tanveer Hussain said agricultural productivity and food security will remain protected despite external…

Finance Minister Muhammad Aurangzeb ha said the government is committed to improving the overall investment climate and addressing structural issues affecting business confidence. He was talking to a delegation of the Rawalpindi Chamber of Commerce and Industry (RCCI) led by President Usman Shaukat and Group Leader Sohail Altaf in Islamabad…

Finance Minister Muhammad Aurangzeb has said ensuring uninterrupted availability of petroleum products across the country remains government’s foremost priority. He was chairing the Committee to Monitor Petrol Prices in the Wake of the Emerging Situation in the Region in Islamabad today. The Finance Minister noted that while global energy markets…

The Special Investment Facilitation Council is playing a key role in promoting energy self-sufficiency and advancing Pakistan’s oil and gas sector. Amid ongoing tensions in the Middle East, Pakistan is developing a strategy to increase domestic production in order to achieve energy autonomy. Pakistan’s Oil and Gas Development Company Limited…

Planning Minister Ahsan Iqbal says the country’s economy has moved towards stability during the first eight months of fiscal year 2025-26 due to the coordinated macroeconomic policies of the government. He was addressing a ceremony in Islamabad today in connection with the launch of the Monthly Development Report. The Minister…

Pakistan’s energy transition stands at a decisive inflection point. Over the past decade, the country has expanded rooftop solar, wind capacity in Sindh, and hydropower generation. Yet the structural flaw in our power system remains unchanged: we generate clean electricity during the day but burn imported fossil fuels at night…

The government has increased the prices of petrol and diesel by 55 rupees per litre each due to prevailing situation in the region. This was announced by Minister for Petroleum Ali Pervez Malik while addressing a news conference alongside Deputy Prime Minister and Foreign Minister Ishaq Dar and Finance Minister…

Eight working groups have been formed to accelerate Pakistan-Uzbekistan trade and economic cooperation in diverse sectors. The decision was taken in a high-level meeting of the Pakistan-Uzbekistan Joint Working Group held in Islamabad today with Special Assistant to the Prime Minister, Haroon Akhtar Khan in the chair. The meeting reviewed…

Minister for Energy Sardar Awais Ahmed Khan Leghari says the government is actively pursuing the privatization of its power distribution companies to ensure long-term sustainability and efficiency. He expressed these views during a virtual meeting with Türkiye’s Minister for Energy and Natural Resources, Alparslan Bayraktar. Awais Ahmed Khan Leghari emphasized…