Business

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…

2025: The weekly maritime service will commence its operations globally on February 5th with its first departure from Pakistan’s port city, Karachi. Speaking as the chief guest Vice Admiral Faisal Abbasi HI (M), SI (M), Commander Karachi, Pakistan Navy at the launching ceremony on Wednesday, he said Pakistan is constantly…

Finance Minister Muhammad Aurangzeb has invited global stakeholders to invest in Pakistan’s agriculture, IT, renewable energy and pharma sectors. In an article published on the WEF website, he highlighted the transformative journey embarked upon by Pakistan in recent years towards economic stabilization and growth. He said Pakistan’s economy is on…

Pakistan Railways is manufacturing new freight wagons with the assistance of a Chinese company to enhance transportation capacity across the country. The latest initiative, under Special Investment Facilitation Council, is making significant strides towards reducing reliance on imports and promoting direct foreign investment. After the successful delivery of two hundred…

Finance Minister Muhammad Aurangzeb says Pakistan plans to launch Panda Bond by June this year with an aim to enhance country’s presence in China’s capital markets. In an interview with Hong Kong’s TVB News Channel, he said through the issuance of the Panda Bond, Pakistan intends to raise approximately two…

Pakistani and Chinese companies have signed memoranda of understanding worth around 250 million dollars to boost trade in the medical and surgical sector,  MoUs were signed at the China-Pakistan B2B conference in the medical equipment and surgical instrument sector in Beijing today. This collaboration aims to steer more Chinese companies…

Pakistan and South Korea have signed a landmark agreement to boost economic cooperation, marking a new chapter in their trade relations. South Korea’s Minister for Trade, Inkyo Cheong, presented plans to transfer Korea’s industrial base to Pakistan, fostering opportunities in sectors like food, I.T., minerals, textiles, and nogistics. As a…

The Economic Coordination Committee of the Cabinet has approved over two billion rupees in favour of various ministries The ECC, which met in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair, approved a technical supplementary grant of 910 million rupees for the establishment of the National Food Safety,…

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a 90.61 Percent shareholding in Searle Pakistan Limited (SPL) by Ijara Capital Partners Limited (ICPL) and Noventa Pharma (Private) Limited (NPL). The CCP conducted a comprehensive competition assessment, identifying the relevant product market as ‘pharmaceutical products’, further…

A meeting on the New Energy Vehicle (NEV) Policy 2025 was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair. The meeting was briefed about challenges and opportunities for smooth adoption of New Energy Vehicle policy in line with national priorities. During the meeting, policy matters ranging…

A meeting to review proposals for reduction of electricity tariff for industry was held in Islamabad today with Deputy Prime Minister Ishaq Dar in the chair. Ishaq Dar reviewed the existing policies and reiterated government’s resolve to extend support to the industrial sector. He directed the concerned ministries to make…

The Senate was informed today that the government is undertaking rightsizing to reduce expenditures and uplift the economy. Minister for Law and Justice Azam Nazeer Tarar told the House during Question Hour that proposals for rightsizing of five ministries including Energy, Federal Education and Professional Training, Information and Broadcasting, National…

The Power Division has announced a special 44 percent discounted tariff for electric vehicle charging stations This announcement was made by Minister for Power Sardar Awais Ahmed Khan Leghari, while addressing a news conference in Islamabad today. He said Prime Minister Shehbaz Sharif has allowed this special discounted rate for…