Business

Martin Dow Limited (MDL) has been assigned an upgraded credit rating of A+ (Long Term) and A1 (Short Term) with a Stable Outlook by The Pakistan Credit Rating Agency Limited (PACRA). The upgrade reflects MDL’s strengthened financial profile, robust governance framework, and consistent ability to meet its business and financial…

Philip Morris (Pakistan) Limited (PMPKL) has urged authorities to take targeted enforcement measures at the retail and distribution levels to curb the growing illicit cigarette trade, which continues to drain Pakistan’s economy and undermine legal businesses. Speaking to a group of journalists, Khurram Qamar, Director External Affairs at PMPKL, said…

The efforts for the timely exploration of oil have been accelerated under the Special Investment Facilitation Council (SIFC). According to the details, Pakistan has a capacity of 1,234 million barrels of oil reserves, while 249.05 million barrels are still available. Timely oil exploration will secure economic importance and reduce external…

Pakistan and Kazakhstan have agreed on maritime trade negotiations, joint ventures and economic cooperation. Discussions are underway on a strategy to transform Pakistan into a hub for trade and transit through Karachi and Gwadar ports. The two countries have also agreed on measures to enhance cooperation in port development, transportation…

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, and its China-based Fintech partner OPay, recently celebrated a major milestone, where the duo have processed digital retail payments of over PKR 100 billion in a short period of time. This achievement reflects the success of the Bank’s…

Eighteen, Pakistan’s premier luxury housing society located near the New Islamabad International Airport, proudly announces Dr. Mohamed Mansour as its new Chief Executive Officer. With over 20 years of diversified and international experience, Dr. Mansour has successfully led high-value real estate and infrastructure projects for multinational companies across the globe.…

Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Ambassador of Kazakhstan Yerzhan Kistafin have expressed keen interest in expanding bilateral cooperation in the maritime sector. The interest was shown during a meeting between the two leaders in Islamabad today. The two sides held detailed discussions to enhance business cooperation…

Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry has announced the closure of the Utility Stores Corporation across the country. Addressing a news conference in Islamabad, the Minister said rights of all USC employees had been fully protected under the directives of the Prime Minister. The Minister said a consensus…

Pakistan’s IT exports have increased due to better access to the global market made possible by the efforts of Special Investment Facilitation Council. With exports reaching 354 million dollars, IT exports have surpassed the 12-month average of 317 million dollars. Compared to July last year, IT exports have shown a…

Finance Minister Muhammad Aurangzeb has said Pakistan is working to diversify its financial options and deepen engagement with leading global and Chinese institutional investors. He was talking to Chairman Hongta Securities Jing Feng in Beijing. During the meeting, both sides discussed avenues for strengthening cooperation in capital markets and enhancing…

Saquib Ahmad, Country Managing Director, SAP Pakistan, Afghanistan, Iraq and Bahrain, and former OICCI Executive Committee member, has said that Prime Minister Shehbaz Sharif’s vision for a Digital Pakistan is fully aligned with SAP’s mission of transforming enterprises into intelligent digital enterprises. He emphasized that Pakistan’s private sector is increasingly…

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry says Pakistan has received authorization to extend the export of fish and fish-related products to the United States for another four years. In a statement, the Minister said the decision reflects international recognition of the quality of Pakistan’s seafood and will…

The Finance Ministry says Pakistan’s economy started the current fiscal year with positive developments, setting the promising tone for the months ahead. According to the ministry’s monthly report, the external sector in July this year showed a favourable performance with a narrower current account deficit and stable exchange rate, while…

Economic Coordination Committee (ECC) of the Cabinet has approved a technical supplementary grant of 30.216 billion rupees to ensure the smooth closure of the Utility Stores Corporation (USC) of Pakistan. The meeting was chaired by Finance Minister Muhammad Aurangzeb in Islamabad today. The approved financial package underscores the Government’s commitment…

Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, sustained its business momentum in the first half of 2025 and continued to gain market share in key segments while deepening relationships across both retail and corporate clients. Total deposits increased to PKR 1.2 trillion—19% higher than…

Sindh government and World Bank have agreed on collaboration in various sectors with focus on health and education sectors.  The agreement came in a meeting between Sindh Chief Minister Syed Murad Ali Shah and newly appointed World Bank Country Director Bolormaa Amgaabazar in Karachi on Tuesday. World Bank assisted projects…

The Economic Coordination Committee of the Cabinet has approved to pass on the benefit of levy collected from captive power consumers to electricity grid consumers. The ECC, which met in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair, also approved three billion rupees for timely provision of tents,…

Prime Minister Shehbaz Sharif has directed that the customs inspection and assessment system be made compatible with modern technology and faceless to ensure transparency.   Chairing a meeting in Islamabad on Tuesday, he said the objective of improving and modernizing the customs system is to facilitate businesses engaged in exports and…

Prime Minister Shehbaz Sharif has launched establishment of ten million Digital Wallets and provision of ten million SIMS to the beneficiaries of Benazir Income Support Program. Addressing the launching ceremony, he said this initiative is a step toward cashless economy to ensure transparency and provision of financial assistance to the…

Punjab Chief Minister Maryam Nawaz has urged business community of Thailand to benefit from investment incentives in Punjab. She was addressing at a dinner in Thailand, hosted by former Prime Minister of Thailand and renowned Telecommunication sector businessman, Thaksin Shinavitra. The Chief Minister said promotion of bilateral cultural diplomacy and…

National Logistics Cell (NLC) and DP World have successfully completed the first commercial cargo delivery from the United Arab Emirates to Tajikistan. NLC and DP World transported thirty-eight tons of automotive spare parts to Tajik capital Dushanbe. This achievement was made possible through NLC’s professional expertise and modern logistics infrastructure.