Business

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…

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…