Business

Director of the Communications Department of International Monetary Fund, Ms. Julie Kozack, has said Pakistan would be able to have access of a total of 2.3 billion dollar under Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) following staff level agreements. In her media briefing at IMF Headquarters…

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has reaffirmed the government’s commitment to actively monitor supply and regulate sugar prices nationwide to ensure market stability and affordability for consumers. He expressed the resolve while chairing a meeting in Islamabad today (Friday) on the prevailing sugar situation in…

Finance Minister Muhammad Aurangzeb has said the government plans to soon make an announcement to lower electricity tariffs. In an interview with Bloomberg on the sidelines of Boao Forum in China, he said the government is currently putting together a budget that broadens the tax base by including sectors such…

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, furthered its commitment to community well-being with a notable visit to Indus Hospital & Health Network (IHHN). During the visit, Mr. Mian Muhammad Younis, Chairman of the Board of Directors, inaugurated a dedicated floor at the hospital’s new…

Pakistan Minerals Investment Forum 2025 is to be held on the 8th and 9th of next month. The Minerals Investment Forum will provide international investors with extensive opportunities to invest in Pakistan’s mining sector. Investment in the mineral sector will contribute to Pakistan’s exports and economic stability. The Investment Forum…

International Monetary Fund and the Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s thirty-seven month 7 billion dollar Extended Fund Facility. The agreement also includes a new 28-month 1.3 billion dollar arrangement under the Resilience and Sustainability Facility. Upon Board approval, Pakistan will have access…

Finance Minister Muhammad Aurangzeb has emphasized the urgent need for an inclusive approach to globalization that benefits all nations, particularly the developing economies. He made this call while attending a high-level session titled ‘Inclusive Globalization That Benefits All – Pathways and Actions’ at the Boao Forum for Asia Annual Conference…

Pakistan’s economy has grown faster than expected during the last quarter of the previous year. A report carried by Bloomberg says the economy bolstered as a result of the interest rate cuts and flow of funds from the International Monetary Fund. The Bloomberg referred the latest report released by Pakistan…

easypaisa digital bank has launched its very own digital insurance marketplace, making insurance more accessible, affordable, and convenient for millions of Pakistanis. The platform offers a comprehensive range of coverage for the Pakistani population, including health, life, mobile, income protection, vehicle insurance, domestic & international travel, and doctor consultations being…

Special Assistant to the Prime Minister Haroon Akhtar Khan has said Business Facilitation Center will be completed soon and it will be made functional at the earliest in the federal capital. He was chairing a high-level briefing meeting over Business Facilitation Center in Islamabad today. Haroon Akhtar Khan outlined the…

Finance Ministry says the country’s economy is demonstrating resilience and stability on fiscal and external fronts.  In its monthly Economic Outlook report, the Ministry pointed out that the inflationary pressures have eased, supported by declining food and energy prices while fiscal consolidation measures are yielding tangible results, leading to a…

Deputy Prime Minister Ishaq Dar has reaffirmed government’s commitment to a secure, investment-friendly environment for the Exploration and Production sector to further strengthen Pakistan’s energy security and economic growth. He was chairing a high-level meeting on Pakistan’s Exploration and Production sector in Islamabad today. Ministers and senior officials from various…

Minister for National Food Security Rana Tanveer Hussain has said the country has sufficient stock of sugar and there is no shortage of the commodity. Speaking about sugar prices today, he strongly rebutted reports that the sugar is being sold at one hundred and eighty rupees per kilogram. He assured…

Prime Minister Shehbaz Sharif has directed a third-party audit of the Ramadan Relief Package. Chairing a review meeting on Prime Minister’s Ramzan Relief Package in Islamabad on Monday, he appreciated the efforts of the State Bank of Pakistan, NADRA and tech companies in ensuring transparency of the package. The Prime…

The President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has emphasized the urgent need for greater harmony among political and religious forces to steer the country out of its current economic crisis.In a statement issued on Saturday, President Qureshi highlighted that the country’s economic stability…

HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and modern agricultural services for farmers across Pakistan. This strategic collaboration aims to provide farmers with innovative financial solutions, mechanization support, and expert advisory services to improve farm…

Minister for National Food Security and Research Rana Tanveer Hussain has expressed the commitment to take all necessary steps to support cotton growers and strengthen the cotton sector for sustainable agricultural growth in Pakistan. He was chairing an important meeting in Islamabad today to review the status of cotton production…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction regarding the Pakistan Stock Exchange surpassing the one lac nineteen thousand points mark for the first time in its history. In a statement today, the Prime Minister said positive trend in business at Pakistan Stock Exchange reflects growing confidence of traders and…

Pakistan Stock Exchange (PSX) witnessed a bullish trend at start of the business today with an increase of over twelve hundred points in the hundred Index. The hundred index that closed at one lac seventeen thousand nine hundred seventy-four (117,974) points yesterday reached one lac nineteen thousand one hundred and…

Trade activities at Gwadar Port are accelerating due to the efforts of Special Investment Facilitation Council (SIFC). Economic Coordination Committee has approved the export of potassium sulfate fertilizer by the company AGVEN Private Limited operating in Gwadar Free Zone. This decision is expected to initiate exports and increase investor interest…

Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to facilitating Saudi investors.  Talking to Saudi Investment Minister Khalid Al-Falih and Head of the Joint Task Force for Economic Engagement, Mohammad Al-Tuwaijri in Jeddah, the Prime Minister emphasized Pakistan’s vast potential in energy, infrastructure, agriculture and technology, inviting Saudi businesses to…