Business

Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Tuesday reiterated Pakistan’s commitment and readiness to enhance cooperation under the Shanghai Cooperation Organization (SCO) umbrella to foster economic prosperity, stability and sustainable development across the region.He reaffirmed Pakistan’s strong engagement with the SCO in a virtual address at the meeting…

With just three days left before Eidul Azha, buyers in KP are expressing growing frustration over the unchecked pricing of sacrificial animals.In the absence of a formal price regulation mechanism, cattle traders are reportedly charging exorbitant rates, leaving consumers with little choice but to pay inflated prices in order to…

Finance Minister Muhammad Aurangzeb has said findings of the survey conducted by international organization IPSOS is a strong affirmation of the improving economic outlook of Pakistan.   He said the survey shows that perceptions of the economy being strong have also reached their most favorable levels since August 2019. Muhammad Aurangzeb…

Minister for Planning and Development Ahsan Iqbal has called for expediting the early finalization of Pakistan-Turkmenistan Transit Trade Agreement to foster broader regional connectivity and economic integration.                       He was talking to Pakistan’s Ambassador-designate to Turkmenistan, Dr. Faryal Leghari who called…

The Government of Pakistan and the World Bank have reaffirmed the mutual commitment to strengthening Pakistan’s economic resilience and advancing inclusive development through strategic partnerships. This commitment was expressed at a meeting between Finance Minister Muhammad Aurangzeb and the World Bank Pakistan team in Islamabad on Friday. The World Bank…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has won four prestigious accolades at the Global Islamic Finance Awards (GIFA) 2025, hosted by The Digital Banker. The Bank was recognised for Best Islamic Savings Account of the Year (Amal Women Account), Best Islamic Financial Inclusion Initiative (Khushal Kisaan…

Minister for Petroleum Ali Pervaiz Malik has assured to pay immediate attention to the concerns of the Petroleum Dealers Association.  He gave this assurance during a meeting with a delegation of Pakistan Dealers Association in Karachi. During the meeting, the petroleum dealers discussed business challenges and margins with the Federal…

The federal government and the Asian Development Bank  have agreed to strengthen collaboration on climate resilience and environmental sustainability. This development reached during a meeting between Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, and ADB Director General Bruno Carrasco in Islamabad. Both sides emphasized the need for…

Prime Minister Muhammad Shehbaz Sharif has said that the bilateral trade between Pakistan and Iran which stood at three billion dollars will be taken to ten billion dollars volume in the next few years. In an interview with IRNA, prior to his visit to Tehran, he said the bilateral trade…

The government has allocated two thousand Megawatts of electricity for Bitcoin Mining and Artificial Intelligence Data Centers. According to Finance Division, the ambitious initiative is part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in Foreign Direct Investment, and generate billions of dollars…

Livoltek, a leading provider of smart solar energy solutions, has a strong presence today at the 10th ISEM Pakistan Solar Exhibition, held at the Expo Centre Lahore from May 23–25, 2025. The company drew significant attention on the opening day as it showcased its best-selling residential, commercial, and industrial solar…

The State Bank of Pakistan has launched a nationwide campaign to promote digitalization of payments in cattle markets. In a statement, the SBP said campaign, running till 6th of next month, aims to encourage buyers and sellers to use digital payment methods for purchasing sacrificial animals. The statement added that media…

NEPRA concluded its hearing on K-Electric’s petition of provisional monthly fuel charge adjustments (FCA) for March 2025, in which KE presented its request for a relief of PKR 5.02 per unit. Following the public hearing, the regulator will issue a decision clarifying the FCA amount to be passed on to…

Prime Minister Muhammad Shehbaz Sharif says the government is committed to make Pakistan one of the leading exporters in the world.    He was talking to British economist Professor Dr. Stefan Dercon who called on him in Islamabad. The Prime Minister said Pakistani goods used to be in demand all…

The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Azha. This strategic initiative, in line with SBP’s goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May…

Federal Minister for Information Technology, Shaza Fatima Khawaja has said that Pakistan’s economy is heading in the right direction due to the government’s effective efforts. Addressing a news conference in Lahore on Sunday, she said that policy rate and price hike ratio has considerably reduced and remittances have increased. She…

Prime Minister Shehbaz Sharif has said that broadening of tax net is the foremost priority of the government as it wants to reduce the tax burden on common man by decreasing the tax ratio. He expressed these views while presiding over a review meeting on increasing the tax net and…

The PIP Executive Learning Centre (ELC) serves the oil and gas industry by offering capacity-building programs in both technical and non-technical domains. These training programs are delivered through physical and virtual platforms, ensuring accessibility for professionals across diverse geographic and operational settings. This approach results in significant time and cost…

The easypaisa Digital Bank reported a profit before tax of PKR 840 million, compared to PKR 1,028 million for the same period last year. Despite the decline in the SBP discount rates from 22% to 12%, total revenue grew by 36.2%, driven by strong growth in the deposit and lending…

Finance Minister Muhammad Aurangzeb has arrived in London for a three-day official visit to the United Kingdom. Upon his arrival at Heathrow Airport, he was received by Pakistan’s High Commissioner Dr. Muhammad Faisal, along with officials from the High Commission. The visit aims to strengthen economic ties, attract foreign investment,…

The State Bank of Pakistan (SBP) surprised markets with a larger-than-anticipated cut to its benchmark interest rate, bringing it down by 100 basis points to 11%. The move comes as headline inflation shows signs of stabilizing, and the country’s external position strengthens. According to an analysis by S&P Global Market…