Business

The Ambassador of the European Union to Pakistan, Dr. Riina Kionka, called on Minister for Commerce Jam Kamal Khan in Islamabad today. During the meeting , they discussed strengthening bilateral trade ties and upcoming business engagements between the EU and Pakistan. European Union Ambassador invited the Commerce Minister to deliver…

National Disaster Management Authority (NDMA) and Pakistan Mobile Communications Limited (Jazz) have signed a Letter of Understanding (LoU) to enhance disaster risk communication and early warning dissemination. The ceremony at NDMA Headquarters, Islamabad, was attended by Brig Qasim Mehmood, Chief of Staff NDMA and Mr. Aamir Ibrahim, CEO Jazz.This partnership…

Oil and gas projects are being revived with the cooperation of Special Investment Facilitation Council (SIFC). In this regard, Oil and Gas Development Company Limited (OGDCL) has started oil production from the Rajian-11 heavy oil well located in Chakwal district. The Rajian-11 heavy oil well had been inactive since 2020…

The Board of Directors of easypaisa digital bank (formally Telenor Microfinance Bank Limited), in its meeting dated March 6, 2025, approved the audited financial statements for the year ended December 31, 2024. easypaisa digital bank demonstrated exceptional growth in 2024, solidifying its position as a leading digital financial services provider…

International Monetary Fund says Pakistan has made progress toward securing the next one billion dollars tranche under its current program as well as agreeing to a new loan for climate-related action. According to Bloomberg, Head of the IMF Mission to Pakistan Nathan Porter, in a statement, said the IMF program…

Finance Minister Muhammad Aurangzeb held a meeting with European Union Ambassador Dr. Riina Kionka, who called on him in Islamabad today. The meeting focused on a range of matters of mutual interest, particularly on strengthening business and investment ties between the European Union and Pakistan. During the meeting, they discussed…

Senior member of the Federal Board of Revenue (FBR), Shah Bano, has emphasized the need for merit-based hiring and promotions in all government departments. She stressed that all government hiring decisions should be free from political influence and must adhere to a fair and transparent merit-based system. In a recent…

Minister for Finance and Revenue Muhammad Aurangzeb has said the country received a record high inflow of remittances, amounting to 3.1 billion dollars in February this year. Talking to the media alongside Minister of Information and Broadcasting Attaullah Tarar in Islamabad on Tuesday, he conveyed his gratitude to the Pakistanis…

During December 2024, 21% of the electricity procured by CPPA-G (i.e. 2,171 MW) came from RLNG plants within the national grid as compared to 19% produced by KE (i.e. 252 MW) from RLNG, with fuel costs comparable to those power plants operated by KE during the same period, says the…

The country’s economy is on positive trajectory as is reflected in various economic indicators. According to latest statistics, the country’s exports have reached 30.351 billion dollars. The export target for 2025 is set at 32.34 billion dollars, signaling a strong economy. Remittances from overseas Pakistanis are a crucial source for…

China has rolled over repayment of two billion dollar debt to Pakistan for one year. This was stated by Khurram Schehzad, the Advisor to Finance Minister while talking to Bloomberg News. The latest rollover comes at a time when Pakistan is going through the first review of its seven billion…

Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. He expressed these views during a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies in Islamabad today. The Minister further noted that the government…

Planning Minister Ahsan Iqbal has emphasized that Pakistan’s progress and economic stability are unattainable without the active participation of women. Addressing a special ceremony in connection with the International Women’s Day in Islamabad today, he highlighted that over half of Pakistan’s population comprises women, and until they are provided equal…

Faysal Bank Limited (FBL), one of Pakistan’s largest Islamic banks, has strengthened its commitment to sustainability and women’s empowerment by partnering with Akhuwat Islamic Microfinance (AIM) and The Citizens Foundation (TCF). Under this collaboration, the Bank aims to provide women with interest-free solar financing. Launched on International Women’s Day, this…

In line with our mission to empower underserved communities and expand financial access, easypaisa digital bank is actively supporting the Government of Pakistan this Ramadan, in delivering vital financial assistance to those who need it most, under the Prime Minister’s Ramadan Relief Package. As part of this initiative, PKR 20…

Finance Minister Muhammad Aurangzeb has expressed government’s strong commitment to providing all possible support to the textile sector. He made this commitment at a meeting with the leadership of the All Pakistan Textile Mills Association in Islamabad on Thursday. The Minister also reiterated government’s commitment to resolving critical issues related…

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…