Business

The State Bank of Pakistan (SBP) is pleased to announce the successful conclusion of Art Competition for the designs of the new banknote series. We appreciate the local artists and designers who participated in the competition showcasing their creativity and talent in this important endeavor. After a rigorous evaluation process…

Finance Minister Muhammad Aurangzeb has underscored the government’s commitment to facilitating private sector-led growth, with a focus on creating a business-friendly environment. He was talking to the Global CEO of FLSmidth, Mikko Keto, who called on him in Islamabad today. During the meeting, the Finance Minister emphasized Pakistan’s strategic shift…

The “Dragons of Pakistan” which is an extension of the international ‘Dragons of Asia’ are considered as one of the most definitive and credible Marketing & Advertising Awards in the country celebrating excellence in results-driven marketing communications. Amidst fierce competition from both multinational and national companies across various industries, Faysal…

The Trade volume between Pakistan and Vietnam has witnessed an increase of twenty-eight percent during first sixth month of the current year as compared to the same period last year. Addressing a function in connection with the celebration of the 79th anniversary of Vietnam National Day in Islamabad, Ambassador of…

The Board of Directors of Telenor Microfinance Bank (TMB) in its meeting held on August 22, 2024, approved the Bank’s financial results for the half year ended June 30, 2024. TMB has reported exceptional financial performance for the first half of 2024 (H1’24), achieving a profit before tax of PKR…

Finance Minister Muhammad Aurangzeb has reaffirmed that the government is keen on introducing policy measures that will streamline investment processes and provide incentives for foreign investors. He was chairing a review meeting with representatives from Joint Venture Investment Companies, including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment…

easypaisa, Pakistan’s leading digital financial services platform has partnered with EFU Life, a top life insurance and family takaful operator, and EFU General, a premier non-life/general insurance and takaful service provider, to introduce transactional insurance. This unique product offering, integrated within the easypaisa app, combines the benefits of both general…

The National Database and Registration Authority (NADRA) hosted a Financial Sector Stakeholders’ Conference at its Headquarters in Islamabad. The conference brought together key stakeholders and representatives of Pakistan Fintech Network (PFN) including Digital Banks, Electronic Money Institutions (EMIs), Non-Banking Financial Institutions (NBFIs) and Securities and Exchange Commission of Pakistan (SECP).…

Global rating agency Moody’s has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. According to the one of the top international rating agencies, the upgrade to Caa2 reflects Pakistan’s improving macroeconomic conditions and moderately better government liquidity and external positions, from very…

Packages Limited, in collaboration with SAP Pakistan, has announced a groundbreaking achievement as the first company in Pakistan to sign a sustainability deal with SAP. This initiative aims to catalyze the adoption of SAP sustainability solutions among export-related industries across Pakistan. By leveraging verified and actionable data, these industries can…

Minister for Industries and Production Rana Tanveer Hussain says government is paying special attention on agriculture sector to drive national economy on growth trajectory. Talking to the newsmen in Lahore today, he emphasized that agriculture is the top priority of government. He said the production and export of rice and…

Prime Minister Shehbaz Sharif has expressed Pakistan’s desire to promote trade relations with Turkiye. Talking to a high level delegation of leading Turkish businessmen led by Turkiye’s Minister for Customs & Trade Omer Bolat in Islamabad, he said steps are being taken on a priority basis to bring the trade…

Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, emphasized the importance of developing skills and setting high standards for the financial sector in the country. He addressed the audience at the launch ceremony of NIBAF Pakistan; a new entity formed by the merger of the National Institute…

Finance Minister Senator Muhammad Aurangzeb has stressed need for effective projects to address climate change challenges. Addressing “Climate Action for Pakistan” event organized by Acumen Pakistan in Islamabad today, he highlighted that climate change is an international issue impacting many regions. Finance Minister stressed that private sector to play pivotal…

Faysal Bank has announced the launch of its ‘Faysal Islami Amal Women Digital Account’. This account has been developed keeping in line with the State Bank’s agenda of financial inclusion. With a considerable percentage of Pakistan’s female population being financially excluded the digital account access represents Faysal Bank’s commitment towards…

Ambassadors and diplomats from various countries were unison to honor Zafar Bakhtawari of their countries highest civil awards for his unparalleled contributions in fostering Pakistan’s relations with their countries. At a dinner reception hosted in honour of prominent business leader, former President Islamabad Chamber of Commerce and Industry and Secretary…

Pakistan Beverage Limited (PBL), a frontrunner in the Beverage industry, has achieved a groundbreaking digital transformation by implementing SAP’s S/4HANA on-premise solution. This significant move towards an on-premise solution is a testament to PBL’s commitment to innovation and growth, setting a benchmark within the industry. The transition, executed entirely in-house,…

Minister for Finance Muhammad Aurangzeb has inaugurated the Central Secretariat for Tajir Dost Scheme at Regional Tax Office Lahore. The RTO Lahore provided a comprehensive briefing to the Minister on the Scheme’s operations and impact. The Finance Minister appreciated the performance of Tajir Dost Scheme in Lahore and stressed the…

Pakistan has witnessed a remarkable surge in the exports during the financial year 2023-24 due to concerted efforts of Special Investment Facilitation Council (SIFC). According to the data released by the Pakistan Bureau of Statistics, Pakistan’s merchandise exports rose by 10.54 percent to 30.64 billion dollars in financial year 2023-24.…

The Convener Chairman of the Federation of Pakistan Chambers of Commerce and Industry’s Standing Committee on Corporate and Multinational Companies Affairs, Muhammad Shafique Swati, said that promoting investment is crucial for Pakistan’s prosperous future. He emphasized that internal stability, development, and infrastructure improvement can attract investors to Pakistan. Through business…

Special Investment Facilitation Council has reiterated its commitment to support the automotive industry. As a result of its facilitation, Pak Suzuki has started exporting vehicles to Bangladesh and Afghanistan. CEO of Pak Suzuki Hiroshi Kawamura said this showcases the quality and competitiveness of Pakistani-made vehicles in the international market. Meanwhile,…