Business

Prime Minister Muhammad Shehbaz Sharif has felicitated the entire nation on the bullish trend at Pakistan Stock Exchange which has crossed historic 90 thousand points at the 100-index. In a statement on Friday, he said this sharp upswing in the stock market after 14 years is the result of tireless…

Faysal Bank Limited (FBL), the leading Islamic bank in Pakistan, continued with its growth stride and has announced sound financial results for the nine months ended September 30, 2024. The Bank reported a Profit After Tax (PAT) of PKR 19.8 billion, marking a 64% increase as compared to the same…

Finance Minister Muhammad Aurangzeb has invited the US enterprises to invest in agriculture, IT and energy sectors of Pakistan. During a meeting with the US Assistant Secretary of State for Economic and Business Affairs in Washington, he acknowledged the importance of the Pak-US economic partnership in Pakistan’s socio-economic development. Muhammad…

Pakistan and Saudi Arabia have expressed the resolve to further deepen mutually beneficial economic ties, enhance bilateral trade and facilitate investments in key sectors. This came at a meeting between Finance Minister Muhammad Aurangzeb and Saudi Minister of Finance Mohammed Aljadaan, on the sidelines of the World Bank-IMF Annual Meetings…

Commerce Minister Jam Kamal Khan has expressed the government’s commitment to boost textile and leather industry by facilitating it with modern and eco-friendly technology. Speaking at the opening ceremony of the Fifth International Exhibition in Karachi today, said that textile and leather products account for 60 percent of Pakistan’s national…

Pakistani delegation comprising Secretary Finance Imdad Ullah Bosal and Governor State Bank of Pakistan Jameel Ahmed met with the Deputy Managing Director of the IMF Kenji Okamura in Washington DC. The Pakistan delegation highlighted measures to expand fiscal space by broadening the tax base, aligning the provincial Agriculture Income Tax…

easypaisa, Pakistan’s leading digital financial services platform, has once again made waves on the global stage with its groundbreaking Audio Nikahnama Campaign securing a Gold Dragon for Best in Digital, a Blue Dragon for Best in Pakistan, and a Red Dragon for Best Campaign in Asia at the Dragons of…

Pakistan and Indonesia have reiterated their desire to increase cooperation in areas of mutual interests including trade and economy with the support of Special Investment Facilitation Council (SIFC). In this regard, Trade Expo Indonesia was held recently to promote bilateral cooperation between Indonesia and Pakistan. Business-to-business bilateral cooperation trade agreements…

The Punjab government has received more than one point five million applications under the Green Tractor Program announced for farmers. The Punjab government had announced the distribution of nine thousand five hundred green tractors under Kisan Programme. The list of those who will be included in the draw will be…

China Asia Economic Development Association (CAEDA) will make an investment of 13 billion dollars in free trade zone of Pakistan in the next five years. The initial layout of this investment is between 8 to 13 billion dollars while it is expected to reach 30 billion dollars. The free trade…

Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh says there are immense opportunities to forge a strong partnership between Pakistan and Texas in diverse fields, including IT, agriculture, textiles, and sports۔ He was talking during meetings with Texas leadership, business community, and Pakistani diaspora in Dallas and Houston during…

Pakistan and China have inked a Memorandum of Understanding (MoU) with a Chinese firm for value addition and export of dry fruits, local media reported. According to Radio Pakistan, this collaboration will provide Pakistani products access to new markets and also meet the demand for quality dry fruits in China.…

Faysal Funds participated in the Investor Weekend 2024, an event aimed at empowering investors with knowledge of new and innovative investment strategies. The event brought together industry experts, potential investors, and enthusiasts, fostering an environment for learning, networking, and growth. Mr. Abdul Rehman Warraich, Commissioner of the Securities & Exchange…

Muhammad Azfar Ahsan, former Minister for Investment of Pakistan and Founder of Nutshell Group, met with H.E. Khalid bin Abdulaziz Al-Falih, Minister of Investment for the Kingdom of Saudi Arabia, in Islamabad. During their meeting, they discussed the robust partnership between the private sectors of both nations, emphasizing that the…

The Future Investment Initiative (FII) Institute will hold a news conference on Tuesday to unveil details about the upcoming eighth edition of its annual conference, which will take place from October 29 to 31 at the King Abdulaziz International Conference Center in Riyadh, under the theme “Infinite Horizons: Investing Today,…

Interest of Saudi investors for investment in different sectors of Pakistan’s economy has increased largely due to efforts of the government and support of Special Investment Facilitation Council. As part of these efforts, a delegation of Saudi Najd Gateway Holding Company led by its Chairman Prince M. al Saud visited…

Ahsan Bakhtawari, former President Islamabad Chamber of Commerce and Industry (ICCI), has been inducted into the Central Core Committee of the United Business Group (UBG). UBG Patron-in-Chief, S.M. Tanveer, made the announcement after the Federal Core Committee’s approval. Tariq Mahmood from Lahore has also been approved to join the committee.…

Faysal Bank Limited (FBL) Pakistan’s leading Islamic Bank, has officially signed a Memorandum of Understanding (MOU) with The Citizens Foundation (TCF) to impart financial literacy to TCF students across Pakistan. The partnership was formalised today at a signing ceremony held at FBL’s Head Office, with Mr. Isfandyar Inayat, Vice President…

Finance Minister Muhammad Aurangzeb says the government is committed to structural reforms in core sectors of economy, including energy, SOEs, privatization, taxation and rightsizing of government. He was talking to a group of investors led by Barclays, who called on him in Islamabad today. The Minister briefed the delegation on…

With the facilitation of the Special Investment Facilitation Council, the government is set to attract more than twenty-seven billion dollars in foreign direct investment from Asian and European countries in the coming years. The main objective of this investment is to assist in stabilizing Pakistan’s economy through the development of…

The Competition Commission of Pakistan (CCP) continued its comprehensive Phase II Merger Review of PTCL’s acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited. The CCP’s bench was comprised of Chairman Dr. Kabir Ahmed Sidhu and Members Mr. Salman Amin and Mr. Abdul Rashid…