Business

China’s Xinning Enterprise has signed a Letter of Intent with Gwadar Port Authority major industrial and commercial investments at Gwadar Port and its Free Zone.   The Letter was signed by Yi Jiang, representing Xinning Enterprise and received by Umer Zaffar Shaikh, Additional Secretary of the Ministry of Maritime Affairs on…

Minister for Planning and Development Ahsan Iqbal has reaffirmed Pakistan’s interest in partnering with Chinese firms to develop electric vehicle sector. Talking to media in Beijing, he highlighted electric vehicles as a key area of future cooperation between Pakistan and China.   The Minister emphasized Pakistan’s desire to benefit from…

Pakistan and the United Arab Emirates have decided to establish Pakistan Mart in Dubai to enhance global footprint of Pakistani export products.  The initiative is spearheaded by National Logistics Corporation of Pakistan and DP World company of UAE. Talking to newsmen about the project, Minister for Commerce Jam Kamal Khan…

Prime Minister Shehbaz Sharif has directed authorities to ease access to soft loans for small and medium-scale farmers. Chairing a meeting in Islamabad today on facilitating agricultural loans, he emphasized that farmers with small landholdings must be treated with respect and dignity to boost agricultural productivity. The Prime Minister noted…

Prime Minister Shehbaz Sharif has expressed satisfaction over the increase in the tax-to-GDP ratio resulting from reforms in the Federal Board of Revenue. Chairing a weekly review meeting on proposed reforms in the FBR in Islamabad today (Tuesday), Shehbaz Sharif reaffirmed that he, along with the federal government, will fully…

Pakistan and Iran have set a target of boosting their bilateral trade to ten billion dollars at the earliest. Addressing a joint press stakeout in Islamabad on Sunday, along with Iranian President Dr Masoud Pezeshkian, Prime Minister Shehbaz Sharif said both countries signed a number of MoUs to transform them…

Pakistan and Kyrgyzstan have agreed to enhance cooperation in Crypto and Blockchain. This came at a high level video conference between Minister of State for Crypto and Blockcain Bilal Bin Saqib and Kyrgyz Director of National Investment Agency  Farkhat Iminov. Bilal Bin Saqib said Kyrgyzstan holds special significance for collaboration…

The first-ever Mango Festival, organized by Foreign Affairs’ Liaison Office Karachi, was held in Karachi today. The Mango Festival was organized with the partnership of a local hotel, All Pakistan Fruit and Vegetable Exporters and Importers Association. Diplomats, business leaders and agriculture experts came together to showcase Pakistan’s mangoes as…

Pakistan says tariff agreement with the US has opened new avenues for Pakistani exports. Announcing the successful conclusion of tariff-related discussions with the United States, a statement released by the Finance Ministry today stated that a tariff of nineteen percent will be applicable for Pakistani exports to the U.S. market.…

Mishal Pakistan, the Country Partner Institute of the World Economic Forum (WEF) — has formally requested the Chairman Senate, Senator Syed Yousaf Raza Gillani, to initi-ate a high-level inquiry into alleged conflict of interest involving Senator Saifullah Abro that could further undermine foreign investor confidence and damage Pakistan’s rankings in…

Minister for National Food Security and Research Rana Tanveer Hussain has dispelled the impression regarding the shortage of sugar and said sufficient stock of sugar is available in the country. Addressing a news conference in Islamabad on Thursday, he said the government will strictly enforce the newly fixed price of…

The Chinese business and investment delegation has met with the Chairman Prime Minister’s Youth Programme to explore investment opportunities in Pakistan.A high-level five-member Chinese business delegation from the All-China Federation of Industry and Commerce (ACFIC) and Precise Development (HK) Limited, China, is currently on a visit to Pakistan to explore…

Pakistan and the United States finalized a trade agreement aimed at boosting bilateral trade, expanding market access, attracting investment and fostering cooperation in areas of mutual interest. The breakthrough was reached during a meeting Finance Minister, Muhammad Aurangzeb, with U.S. Secretary of Commerce Howard Lutnick and United States Trade Representative…

A high-level meeting on insulin imports and joint ventures with Russia was held in Islamabad today with Special Assistant to the Prime Minister Haroon Akhtar Khan in the chair. The meeting was attended by Mr. Denis Nazarov, Representative of the Russian Government, senior officials from the Ministry of Industries and…

Prime Minister Shehbaz Sharif has expressed Pakistan’s keen interest in deepening collaboration with the World Economic Forum, particularly in the areas of economic development, gender inclusion, vocational training, and digitization. He was talking to Managing Director and Board Member of the World Economic Forum Saadia Zahidi, who called on him…

Over the past two years, the Post Clearance Audit (PCA) function of Pakistan Customs has emerged as a leading enforcement arm—delivering unprecedented results in revenue recovery, fraud detection, anti-money laundering and policy reform. Once a relatively under-recognized component of the customs machinery, PCA gained national prominence through its data-driven operations…

Pakistan recorded an overall increase of four point seven percent in foreign direct investment in the last fiscal year due to the efforts of Special Investment Facilitation Council. Among the leading foreign investors were China, Hong Kong, South Korea, Japan, and Türkiye. China topped the list of foreign investors with…

Minister for Power Sardar Awais Ahmad Khan Leghari has expressed a strong desire to enhance trade relations with Kyrgyzstan. Speaking on the occasion of Pakistan-Kyrgyzstan Inter-Governmental Commission in Islamabad on Monday, he said that elevating bilateral trade to one hundred million dollars will require consistent and collaborative efforts across multiple…

Special Investment Facilitation Council’s support has paved the way for investment in Pakistan’s minerals sector. Australia is focusing on joint ventures in Pakistan’s mineral resources, particularly in the Reko Diq project. Both countries have agreed to enhance economic cooperation in the areas of energy, minerals and water resource management. Australia…

Prime Minister Muhammad Shehbaz Sharif has directed provincial governments including that of Gilgit-Baltistan and Azad Jammu and Kashmir to fully cooperate with federal government for digitization and cashless economy. Chairing a weekly review meeting on cashless and digital economy in Islamabad on Monday, he said the federal government’s digitization transformation…

Prime Minister Shehbaz Sharif has decided to continue the Workers’ Remittances Incentive Scheme to facilitate the remittance of overseas Pakistanis to Pakistan. In a statement, the Prime Minster said that the hard-earned remittances of overseas Pakistanis play an important role in the development of Pakistan. The Prime Minister directed the…