Business

The Competition Commission of Pakistan (CCP) has approved the acquisition of assets of M/s Hotel Margala Private Limited by M/s Nishat Hotels and Properties Limited. Under the Sale and Purchase Agreement, Nishat Hotels and Properties Limited will acquire the assets of Hotel Margala, including leasehold rights to its plot on…

A new study conducted by the Institute for Public Opinion Research (IPOR) has uncovered a concerning lack of compliance with tobacco control regulations in Pakistan. The report was launched at the Serena Hotel on Friday by Mr. Tariq Junaid, Executive Director IPOR.The study, which surveyed 1,520 retail outlets across 19…

Minister for Finance and Revenue Muhammad Aurangzeb has reiterated Pakistan’s commitment to fostering a conducive investment climate. He was talking to a delegation of Multilateral Investment Guarantee Agency (MIGA) in Islamabad on Friday. He expressed hope for continued collaboration with MIGA in advancing the country’s economic and financial sector development.…

SOLAR PAKISTAN 2025, region’s largest solar energy exhibition, commenced at Expo Center, Lahore, marking a major step forward in Pakistan’s clean energy transition. Organized by Fakt Exhibitions, the three-day event (February 21–23) brings together global industry leaders, innovators, and policymakers to accelerate the adoption of cutting-edge solar technologies and drive…

Belarus has handed over heavy duty tractors to Pakistan to strengthen agricultural sector and increase agriculture produce. Ambassador of Belarus to Pakistan Andrei N. Metelista and Director General, Green Corporate Initiative, Major General (Retd) Shahid Nazir attended the ceremony. Belarusian heavy-duty tractors will undergo feasibility trials in various ground conditions.…

Finance Minister Muhammad Aurangzeb has reaffirmed government’s commitment to facilitating foreign investors and ensuring a business-friendly environment. He was talking to a delegation of Asyad Group and Wafi Energy Pakistan Limited in Islamabad today (Thursday). The delegation included CEO of Asyad Holdings KSA Ghassan Al Amoudi and Chairman of Wafi…

Faysal Bank Limited (FBL) continued its success story in 2024, demonstrating strong financial resilience and operational excellence. During its second year as a full-fledged Islamic Bank, FBL has announced remarkable financial results for the year ended 2024. On a standalone basis, the Bank has reported a Profit Before Tax (PBT)…

The World Bank has reaffirmed commitment to continue its collaboration with Pakistan to navigate economic challenges. This commitment was made by a World Bank delegation of Executive Directors that called on Finance Minister Muhammad Aurangzeb in Islamabad today. The delegation appreciated the government’s reform agenda, noting that key economic measures…

Banking as we know has changed forever. Gone are the days of long queues, endless paperwork, and rigid banking hours. In a world where everything is just a tap away, easypaisa digital bank is redefining convenience with its bold new campaign: ‘easy wala bank’ because banking should be as easy…

SAP, a global leader in Enterprise Resource Planning (ERP) solutions, continues to revolutionize operations at Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited), marking a transformative 14-year collaboration. In a significant step forward, Wafi Energy Pakistan is set to upgrade its systems to SAP’s RISE with S/4HANA in 2025, reaffirming…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, in collaboration with Special Olympics Pakistan (SOP), is supporting the 1st Faysal Bank SOP Unified Marathon in Lahore. This groundbreaking event aims to empower specially-abled athletes and promote inclusivity through the unifying power of sports.Following the tremendous success of the…

 HBL, in collaboration with S&P Global, announced the launch of the HBL S&P Global PMI® (Purchasing Managers’ Index™) series for Pakistan. This landmark initiative aims to provide valuable data and timely insights into the overall economic health of Pakistan’s manufacturing sector, marking a significant advancement in economic analysis for the…

Prime Minister Muhammad Shehbaz Sharif has invited Turkish businessmen and investors to invest in diverse fields in Pakistan. Addressing Pakistan-Turkiye Business Forum in Islamabad today, he said both the countries had committed to achieve target of five billion dollars bilateral trade. He said Pakistan and Turkiye also signed various MoUs…

Minister for National Food Security Rana Tanveer Hussain has vowed to provide sugar at the discounted rate during Ramadan. Chairing a meeting of Pakistan Sugar Mills Association in Islamabad today, he said sugar stalls will be set up three days prior to the advent of Ramadan across the country with…

Group Chairman and CEO of DP World, Sultan Ahmed bin Sulayem called on Prime Minister Muhammad Shehbaz Sharif in Dubai on Tuesday on the sidelines of the World Government Summit. During the meeting, the Prime Minister commended the successful recent visit of the DP World delegation to Pakistan, saying that…

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…