Business

Finance Minister Muhammad Aurangzeb has departed for Hong Kong to represent Pakistan in the eighteenth Asian Financial Forum.  During his visit, he will meet with heads and senior officials of major Asian financial institutions. He will ahold meetings with Chinese and foreign officials, financial sector experts, professionals, investors and top…

Special Investment Facilitation Council (SIFC) is playing a pivotal role in the development of Balochistan province. Reko Diq project promises to bring a revolution to the economy through the precious reserves of gold and copper. Barrick Gold along with the private sector, have announced billions of dollars in financing for…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. Faysal Bank secured a remarkable set of 14 awards, comprising 10 Best Practice Awards, and 4 Progressive Category Awards. This accomplishment consolidates the Bank’s position as a…

The Economic Coordination Committee of the Cabinet has approved over eight 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 1.945 billion rupees in favor of the Ministry of Defence, 5.276…

Pakistan’s new route is set to transform regional trade dynamics by cutting transit times from 30 days via sea to just 10 days to transport cargo from China to UAE. This historic service by Pakistan’s National Logistics Corporation was inaugurated at the Sost Dry Port in Gilgit-Baltistan last week.  The…

Special Investment Facilitation Council is focusing on the uplift of agriculture sector. Efforts are being made to provide farmers, agricultural universities, and research centers with the latest technologies and resources. There is also an important collaboration between the Intellectual Property Organization and the National Seeds Development and Regulatory Authority in…

In 2024, the Federal Tax Ombudsman (FTO) achieved a landmark performance in handling taxpayer grievances. The year saw the highest number of complaints ever received by the FTO, totaling 13,506. Under the visionary leadership of the Hon’ble Federal Tax Ombudsman and the dedicated teams at the FTO Secretariat and regional…

Special Investment Facilitation Council is undertaking initiatives to bolster wheat production and promote agriculture sector. To this effect, a free herbicide program has been launched to increase wheat production through a partnership between Switzerland’s agricultural technology company Syngenta and the Sindh government. The program aims to provide free herbicides to…

The Executive Committee of the National Economic Council has approved seven development projects costing around 217 billion rupees. The ECNEC, which met in Islamabad with Deputy Prime Minister Ishaq Dar in the chair, approved the increase in scope of Irrigation component of Sindh Emergency Flood Rehabilitation Project and the revision…

Finance Minister Muhammad Aurangzeb has said there are promising prospects of enhancing trade between Pakistan and the US in the IT and digital services sectors. Talking to the US Ambassador to Pakistan Donald Blome in Islamabad, he said both countries are poised to benefit from closer economic ties. The Finance…

HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance bank, and HBL Zarai Services Limited (HZSL), the pioneer agriculture-specialized extension services company in Pakistan, are proud to announce a strategic partnership aimed at empowering farmers through improved access to financial and agricultural support services. This collaboration underscores a shared vision of…

The Pakistan Stock Exchange (PSX) outshined other asset classes in the country for 2024, with its benchmark KSE-100 Index surging by 78%. This remarkable performance positioned PSX as the second-best performing stock market globally, trailing only Argentina, according to The News, citing a report by Topline Securities. Over the last…

With the support of Special Investment Facilitation Council, Greenfield tyres project has been launched to increase the local manufacturing of international standard tyres. International Finance Corporation and local banks have invested up to 50.2 million dollars for this project to be set up in Gharo, Sindh. The project will help…

Minister for Finance Muhammad Aurangzeb has reaffirmed government’s commitment to promote export-led growth, identifying agriculture and Information Technology as crucial sectors to drive Pakistan’s sustainable economic growth. Speaking to farmers in Kamalia today, he   said that the International Monetary Fund program is focused on stabilization of economy. Muhammad Aurangzeb said that…

A meeting of the Sugar Advisory Board was held on Thursday to review the overall situation of sugar stocks across the country. The meeting was chaired by Federal Minister for Industries and Production Rana Tanveer Hussain, and was also attended by Federal Minister for Commerce Jam Kamal Khan, said a…

Govt to setup 10,000 EV charging stations by 2030: Rana Tanveer Hussain, Minister for Industries and Production on Wenesday unveiled the government plan to transform transportation landscape by setting up 10,000 electric vehicle (EV) charging stations by 2030. Addressing an “exhibition of electric bike models” organized by the Engineering Development…

In a substantial advancement for taxpayer rights and fair tax administration, the Office of the Federal Tax Ombudsman (FTO) has seen impressive strides under the leadership of Honorable Dr. Asif Mahmood Jah. Since its inception in 2000, the FTO office faced hurdles, such as limited engagement and responsiveness. However, with…

easypaisa continues its commitment to societal welfare, processing an impressive 310 million in donations through its platform as of 30th September 2024, including a significant contribution of PKR 91 million during the holy month of Ramadan. With a deep-rooted belief in the power of collective action, easypaisa contributed PKR 4.5…

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan is privileged to collaborate with Zaman Foundation to bring clean drinking water to the people of Ramiyo Gajju through a solar-powered Reverse Osmosis (R.O) water filtration plant. This initiative not only addresses the village’s 78-year struggle for safe…

NPO Pakistan in collaboration with Asian Productivity Organization (APO) Tokyo, Japan is pleased to announce the successful completion of a project focused on the development of APO’s demonstration units aimed at enhancing workplace environment management through lean manufacturing practices in Pakistan’s surgical instruments industry. The workshop, held on 31st October…