Business

Pakistan-China partnership in industry, agriculture and mineral sectors has entered a new phase. Chinese Consul General Sun Yan recently paid an important visit to Lahore Chamber of Commerce and Industry. During the visit, discussions focused on the development of IT, agriculture, mineral resources, and industrial sectors. According to the Chamber…

Prime Minister Shehbaz Sharif has directed the authorities concerned to expedite the export of surplus food items to Gulf countries without affecting domestic food requirements. He was chairing a review meeting on exports of essential food items to the Gulf countries and Pakistan’s Maritime Operations in wake of current regional…

Minister for Finance Muhammad Aurangzeb says government is making all out efforts to ensure availability of petroleum products across the country. Talking to media in Lahore on Sunday, he said petrol, diesel, and LPG are easily available in all cities and towns and strict monitoring is being ensured for energy…

Prime Minister Muhammad Shehbaz Sharif has approved a significant increase in the levy on high-octane fuel used by luxury vehicles. The decision was taken during a high-level meeting chaired by the Prime Minister via video link, where he reviewed matters related to fuel pricing and economic relief. Under the new…

Prime Minister Shehbaz Sharif has expressed confidence that the introduction of 5G spectrum technology will be a milestone for the country’s agriculture and industry. He was addressing a ceremony in connection with the award of 5G spectrum licenses in Islamabad today. The Prime Minister expressed satisfaction over the transparent auction…

A meeting of the Committee to Monitor Petrol Prices was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair. The Committee was briefed that, despite heightened volatility in international energy markets and evolving regional dynamics, domestic supply remains stable with adequate stocks available across the country. It…

Pakistan has posted the current account surplus of 427 million dollars in February this year, the highest since March of last year. Sharing recent key positive economic indicators, Adviser to the Finance Minister Khurram Schehzad in a post on X handle, highlighted that remittances grew by eleven percent in the…

The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Jura Energy Corporation by IDL Investments Limited from Phoenix Exploration Limited, following a review under the Competition Act, 2010. The transaction involves the purchase of common shares of Jura Energy by IDL Investments pursuant to a Share…

Prime Minister Muhammad Shehbaz Sharif directed the Pakistan Railways to increase the number of freight trains. According to official sources here on Monday, measures to shift cargo transport from roads to rail are being accelerated. The Pakistan Railways has started contacting chambers of commerce and commercial organizations. Traders and industrialists…

Pakistan’s foreign exchange reserves have reached four-year high due to the reforms of Special Investment Facilitation Council and policy continuity. According to the Finance Minister’s Advisor Khurram Schehzad, Pakistan’s total foreign exchange reserves have reached 21.6 billion dollars, the highest level in the past four years. Of these reserves, 16.3…

Pakistan’s Embassy in Tokyo organized a tourism promotion event in collaboration with Saiyu Travels to highlight Pakistan’s vast tourism potential and diverse travel experiences. Speaking on the occasion, Pakistan’s Ambassador to Japan, Abdul Hameed, said Pakistan offers a unique blend of breathtaking natural beauty, majestic mountain landscapes, rich cultural heritage…

The Committee to Monitor Petroleum Prices says petroleum product stocks remain at comfortable levels and supply chains are functioning smoothly, with adequate arrangements in place to ensure continuity of supply in the coming weeks. The Committee which virtually met today with Finance Minister Muhammad Aurangzeb in the chair undertook a…

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…