Business

Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has joined hands to form a strategic partnership with Alliance Network for revolutionizing digital payment acceptance for SMEs. The partnership aims to expand digital acceptance infrastructure nationwide and empower businesses by offering advanced payment solutions that drive growth and streamline…

The Competition Commission of Pakistan (CCP) has approved the acquisition of 50 percent shareholding in GH2 Industries (Private) Limited (GIPL) by Descon Holding (Private) Limited (DHPL) and Aurelius (Private) Limited (APL) under a Share Sale and Purchase Agreement. The relevant product market identified for competition assessment includes rice and its…

Hungary has pledged its support for the development of Hungarian small and medium sized enterprises in Pakistan. The pledge was made by Hungarian Export Promotion Agency during the third Session of Pakistani-Hungarian Joint Commission on Economic Cooperation (JCEC) in Islamabad. The two sides agreed to establish a Joint Working Group…

Global rating agency “Fitch Ratings” says strong remittance inflows, robust agricultural exports and tight policy settings are greatly contributing towards Pakistan’s economic stability and rebuilding external buffers. A report of the US-based Fitch Ratings states these measures allowed Pakistan’s current account to move into a surplus of about one point…

Acting President Syed Yousuf Raza Gilani has emphasized the need to provide all possible facilities to the business community to promote investment in the country. Addressing the launching ceremony of a private restaurant in Islamabad on Thursday, he said Pakistani cuisine is popular worldwide and its culture has a unique…

A substantial progress has been made in the development of the petroleum sector with the support of Special Investment Facilitation Council. The SIFC is taking effective steps to increase the ratio of sale of shares of petroleum companies. In this connection, rules for the sale of new gas reserves have…

The Honorable Finance Minister of Pakistan, Senator Muhammad Aurangzeb, congratulated easypaisa digital bank on its successful transformation as Pakistan’s first digital bank, after receiving the coveted digital banking license from the State Bank of Pakistan (SBP). The celebration took place at a dinner hosted by Mr. Irfan Wahab Khan, Chairman…

Minister for National Food Security Rana Tanveer Hussain has said the government is working with international partners to improve agricultural productivity, ensure food security and support farmers with innovative solutions. Talking to a delegation of BGI Group in Islamabad, he expressed the resolve to introduce modern technologies in the agriculture.…

The United States intends to invest billions of dollars in Pakistan, across various sectors, including minerals, real estate, energy, technology and the artificial intelligence. This was stated by head of US investors’ delegation Gentry Beach, while talking to the media in Islamabad on Wednesday. He said US President Donald Trump…

Prime Minister Shehbaz Sharif has reaffirmed the government’s unwavering commitment to facilitating foreign investors by ensuring a conducive business environment, streamlined processes and robust institutional support. Talking to an international investors’ delegation, led by leading investor from the US Gentry Beach, in Islamabad, he highlighted Pakistan’s strategic geographical location, a…

A high-level delegation of US investors has arrived in Pakistan on a two-day visit. The delegation is led by Gentry Beach, a Texas hedge fund manager and close business partner of the Trump family. The arrival of the investment delegation right after the new US Administration took office is of…

Finance Minister Muhammad Aurangzeb has expressed satisfaction over increase in remittance inflows and IT exports. Speaking at an event titled Dialogue on Economy in Islamabad today, he said reduction in policy rate is also a good omen as it will give confidence to the businesses. Talking about tax return form of…

easypaisa has achieved a groundbreaking milestone by becoming Pakistan’s first Digital Retail Bank to receive commercial approval for the commencement of regular digital banking operations from the State Bank of Pakistan (SBP) under its Licensing and Regulatory Framework for Digital Banks. Approval to launch commercial operations was accorded to easypaisa…

Ambiente 2025, taking place from February 7-11, 2025, in Frankfurt am Main, Germany, will bring together over 3,694 exhibitors from 81 countries. This premier consumer goods fair will feature a diverse range of renowned specialized exhibitors, catering to various sectors, including hospitality and office supplies Pakistan’s leading exporters, including renowned…

The State Bank of Pakistan has cut the policy rate by 100 bps to 12 percent. The decision was made during the meeting of the Monetary Policy Committee in Karachi on Monday. The new rate will be effective from Tuesday. Prime Minister Muhammad Shehbaz Sharif, welcoming the one percent reduction…

Minister for Industries and Production Rana Tanveer Hussain says government is taking revolutionary steps for the development of the agriculture sector. Addressing a ceremony in Muridke on Sunday, he said government is creating ease for farmers through various programs. He emphasized that ensuring provision of fertilizers to farmers at government-fixed…

Special Investment Facilitation Council Secretary Jamil Ahmed Qureshi on Thursday said the main aim of setting up the SIFC was to facilitate investors, boost their confidence and provide a conducive business environment.Speaking at a webinar titled, ‘Invest in Pakistan’ organised by the Asian Institute of Eco-civilisation Research and Development, Mr…

high-level meeting chaired by Minister for National Food Security and Research Rana Tanveer Hussain was informed today (Wednesday) that the National Seed Policy has been finalized. The meeting, held in Islamabad today, discussed the administrative structure, vision, and strategic goals of National Seed Development and Regulatory Authority (NSDRA). The meeting…

The Executive Committee of the Special Investment Facilitation Council (SIFC) has stressed the importance of close coordination and cooperation among relevant stakeholders to strengthen industrial sector in the country. It was decided in the 12th meeting of the committee held in Islamabad today with Minister for Planning, Development Ahsan Iqbal…

idelines of World Economic Forum Annual Meeting in Davos, discussed avenues for enhancing economic and investment cooperation between two brotherly countries. He highlighted Pakistan’s improved international financial ratings, which reflect the country’s robust efforts towards fiscal reforms, macroeconomic stability, and sustainable development. The Finance Minister emphasized that these improvements are positioning…

Finance Minister Muhammad Aurangzeb met with his Saudi counterpart Mohammad bin Abdullah Al-Jadaan on the sidelines of World Economic Forum Annual Meeting in Davos. Muhammad Aurangzeb highlighted the key reform measures undertaken by the Government to promote economic stability and sustainable growth. He briefed him on structural reforms, fiscal discipline…