Business

Jazz, Pakistan’s leading digital conglomerate, has partnered with Huawei to deploy solar power at 1,000 telecom sites nationwide. This initiative, powered by Huawei’s iSolar technology, will significantly enhance Jazz’s transition to a sustainable telecom network by integrating renewable energy solutions. The solarization of these sites, expected to be completed in…

Finance Minister Muhammad Aurangzeb has said Pakistan is well positioned for the first review of its seven billion dollars International Monetary Fund (IMF) bailout programme. Talking to Reuters, he said there will be two rounds of talks with the IMF, first technical and then policy level. The talks between Pakistan…

Minister for Power Sardar Awais Ahmed Khan Leghari has invited Kyrgyz investors to explore opportunities in Pakistan’s energy sector and participate in various projects. Talking to Ambassador of Kyrgyzstan to Pakistan, Avazbek Atakhanov, in Islamabad, he emphasized the potential for joint ventures in renewable energy. The Minister briefed the Ambassador…

Bloomberg reports that the consumer price index (CPI) of Pakistan marked the lowest reading since the index was created in 2017. According to the Bloomberg, the State Bank of Pakistan has been reducing policy rates since June of the previous year to stimulate demand and foster economic recovery. In an…

Prime Minister Shehbaz Sharif has directed the Ministry of Commerce to present a comprehensive plan to increase the current trade volume between Pakistan and Azerbaijan to two billion dollars. Chairing a review meeting regarding his recent visit to Azerbaijan in Islamabad on Tuesday, he said the signed Memorandums of Understanding…

Deputy Prime Minister and Senior Federal Minister for Foreign Affairs Ishaq Dar has expressed satisfaction over the pace of Pakistan’s economic development, stating that the country will soon stand among developed nations and is likely to become a part of the G20 by 2030 at the latest. He emphasized that…

Minister for Planning and Development, Ahsan Iqbal has said that country’s economy is improving due to successful government policies. Addressing a ceremony in Narowal on Monday, he said that there has been an unprecedented reduction in inflation as well as bank interest rates while stock market is doing great business.…

Pakistan’s annual inflation rate slowed to 1.5% in February, the lowest in nearly a decade and below the finance ministry’s estimates, data from the statistics bureau showed on Monday.Inflation has cooled significantly, easing from 23.1% in February 2024.Consumer prices in February fell 0.8% from the month before, according to the…

Minister Planning, Development and Special Initiatives, Prof Ahsan Iqbal refuted the claims made in a recent article for Time magazine, by former Prime Minister Imran Khan, highlighting significant improvements in the country’s economic indicators since Khan’s departure from office in April 2022. Writing from prison, Khan portrayed a bleak picture…

Ambassador of the Republic of Uzbekistan to Pakistan, Alisher Tukhtaev says Pakistan and Uzbekistan are committed to achieve target of the bilateral trade volume worth one billion dollar. Talking to Uzbek media, he said both the countries were actively working on joint measures aimed at further increasing the volume of…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic Bank, has signed a strategic Memorandum of Understanding (MOU) with OlaDoc, a leading digital healthcare platform. This collaboration is designed to provide home remittance account holders with free access to a range of essential digital healthcare services through the OlaDoc app.…

Prime Minister Shehbaz Sharif has expressed Pakistan’s commitment to Trans Afghan railway project, emphasizing that this game changer project will transform trade in the entire region. Addressing Pakistan-Uzbekistan Business forum in Tashkent today, he said both the countries will be taking steps in unison to achieve and materialize this project.…

Pakistan and Uzbekistan have agreed to enhance the trade volume to four billion dollars in the next four years. The understanding came at a meeting between Prime Minister Shehbaz Sharif and President of Uzbekistan Shavkat Mirziyoyev, in Tashkent on Wednesday, which was followed by delegation-level talks between the two countries.…

NEPRA concluded its hearing on K-Electric’s petition of provisional monthly fuel charge adjustments (FCA) for December 2024, as a relief of PKR 4.95 per unit. Following the public hearing, the regulator will issue a decision clarifying the FCA amount to be passed on to customer bills and the period for…

PepsiCo Pakistan continues to drive localization and self-reliance in the country’s food industry with the inauguration of a cutting-edge local production operation for flavorings that adheres to the highest global standards. This milestone was enabled by leveraging PepsiCo’s global relationship with Kerry, a renowned leader in taste and nutrition. Kerry,…

Finance Minister Muhammad Aurangzeb says the national economy is in the right direction and moving towards stabilization due to the policies of the incumbent government. Addressing Pakistan Banking Summit-2025 in Karachi, he said controlling current account deficit, increase in remittances, reduction in inflation and policy rate are clear indicators that…

The artificial increase in the price of goods and services in Pakistan, and lack of quality goods, is largely the result of business cartelization in the markets. Cartels are formed when suppliers in a market coordinate or enter into agreements to fix prices for goods and services and control the…

Livoltek, a global leader in smart solar energy solutions, proudly concluded its participation in the Solar Pakistan Expo 2025, held from February 21 to 23 at the Expo Center Lahore. The event marked a significant milestone for Livoltek, attracting an impressive number of visitors and extensive media coverage. The event…

Special Investment Facilitation Council is working to provide a supportive and conducive environment for the registration of new companies. Securities and Exchange Commission of Pakistan (SECP) sets a record in January this year by registering over three thousand and four hundred new companies, which is thirty-nine percent higher than the…

Federal Minister for Finance and Revenue Muhammad Aurangzeb has stressed for close collaboration between Government and private sector to achieve sustainable economic growth. Addressing a function in Faisalabad Chamber of Commerce and Industry today, he highlighted the remarkable performance of stock market, which has reached record high. The Minister said…

The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of M/s Hotel Margala Private Limited by M/s Nishat Hotels and Properties Limited. Under the Sale and Purchase Agreement, Nishat Hotels and Properties Limited will acquire the assets of Hotel Margala, including leasehold rights to its plot on…