Business

Pakistan has posted the current account surplus of 427 million dollars in February this year, the highest since March of last year. Sharing recent key positive economic indicators, Adviser to the Finance Minister Khurram Schehzad in a post on X handle, highlighted that remittances grew by eleven percent in the…

The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Jura Energy Corporation by IDL Investments Limited from Phoenix Exploration Limited, following a review under the Competition Act, 2010. The transaction involves the purchase of common shares of Jura Energy by IDL Investments pursuant to a Share…

Prime Minister Muhammad Shehbaz Sharif directed the Pakistan Railways to increase the number of freight trains. According to official sources here on Monday, measures to shift cargo transport from roads to rail are being accelerated. The Pakistan Railways has started contacting chambers of commerce and commercial organizations. Traders and industrialists…

Pakistan’s foreign exchange reserves have reached four-year high due to the reforms of Special Investment Facilitation Council and policy continuity. According to the Finance Minister’s Advisor Khurram Schehzad, Pakistan’s total foreign exchange reserves have reached 21.6 billion dollars, the highest level in the past four years. Of these reserves, 16.3…

Pakistan’s Embassy in Tokyo organized a tourism promotion event in collaboration with Saiyu Travels to highlight Pakistan’s vast tourism potential and diverse travel experiences. Speaking on the occasion, Pakistan’s Ambassador to Japan, Abdul Hameed, said Pakistan offers a unique blend of breathtaking natural beauty, majestic mountain landscapes, rich cultural heritage…

The Committee to Monitor Petroleum Prices says petroleum product stocks remain at comfortable levels and supply chains are functioning smoothly, with adequate arrangements in place to ensure continuity of supply in the coming weeks. The Committee which virtually met today with Finance Minister Muhammad Aurangzeb in the chair undertook a…

Pakistan and the German Government Bank for Development (KfW) have signed an 18 million euros grant agreement to promote hydropower and renewable energy in the northern areas of the country. The agreement was signed by Secretary Economic Affairs Division Muhammad Humair Karim and KfW Country Director Sebastian Jacobi. Under the…

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the launch of a new feeder shipping service from Karachi Port to the United Arab Emirates, marking a key step toward transshipment capabilities. In a statement, he said the new service will enable Pakistani importers and exporters to maintain…

Prime Minister Shehbaz Sharif has decided not to increase the prices of petroleum products this time despite a rise in oil prices in the international market. According to a statement issued on Friday, the decision has been taken in line with the commitment made to the public and to reduce…

Minister for Information Technology and Telecommunication Shaza Fatima Khawaja has announced that the 5G spectrum auction has been successfully completed. She was addressing a news conference alongside PTA Chairman Hafeez Ur Rehman and telecom representatives in Islamabad today. The Minister said the transparent auction of 480 megahertz of spectrum will…

Finance Minister Muhammad Aurangzeb held a meeting with a delegation of leading textile and apparel exporters and industry stakeholders. The delegation was led by Chairman Pakistan Regional Economic Forum Haroon Sharif. During the meeting, the Finance Minister emphasized that strengthening export-led sectors remains central to Pakistan’s economic revival strategy. He…

ARY Digital Network, one of Pakistan’s most influential and widely viewed television networks, has acquired majority shares of the digital media platform Nukta as part of ARY Group’s broader strategy to expand its leadership in the evolving digital media landscape. The move reflects ARY Group’s continued commitment to innovation in…

Pakistan is entering a new phase of digital transformation and Zong is at the forefront of this change. Zong, the country’s pioneering technology service enterprise and a subsidiary of the global telecommunications leader and world-class technology service enterprise China Mobile, has successfully acquired 5G spectrum in the auction conducted by…

The Competition Commission of Pakistan (CCP) has released a draft report proposing wide-ranging reforms aimed at strengthening and modernizing the country’s aviation sector. According to the report, the reforms focus on improving transparency, efficiency, and competitiveness within the aviation ecosystem. Key recommendations include the creation of a centralized aviation data…

Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue to further strengthen enforcement to increase revenues and curb tax evasion. He was chairing a weekly review meeting on FBR’s affairs in Islamabad today. The Prime Minister also directed to bring majority productive sectors under the scope of automated…

The Board of Directors of easypaisa digital bank has approved the audited financial statements for the year ended December 31, 2025, with the Bank delivering remarkable results, marking a successful year as the country’s first digital retail bank and further reinforcing its leadership position in Pakistan’s digital financial sector. easypaisa…

Pakistan is witnessing significant progress in business activities, with a record increase in registration of new companies. According to Securities and Exchange Commission of Pakistan, three thousand, four hundred and forty-four new companies were registered in the month of February. Following these new registrations, the total number of registered companies…

Minister for the Board of Investment Qaiser Ahmed Sheikh has reaffirmed the government’s commitment to extend full cooperation to investors and promote foreign investment in Pakistan. Talking to the media in Chiniot today, he said the government is determined to provide relief to the public and facilitate the investors.     He…

Minister for National Food Security and Research, Rana Tanveer Hussain says the government will ensure a stable fertilizer supply despite regional challenges. He was chairing a high-level meeting of the Fertilizer Review Committee in Islamabad today. Rana Tanveer Hussain said agricultural productivity and food security will remain protected despite external…

Finance Minister Muhammad Aurangzeb ha said the government is committed to improving the overall investment climate and addressing structural issues affecting business confidence. He was talking to a delegation of the Rawalpindi Chamber of Commerce and Industry (RCCI) led by President Usman Shaukat and Group Leader Sohail Altaf in Islamabad…

Finance Minister Muhammad Aurangzeb has said ensuring uninterrupted availability of petroleum products across the country remains government’s foremost priority. He was chairing the Committee to Monitor Petrol Prices in the Wake of the Emerging Situation in the Region in Islamabad today. The Finance Minister noted that while global energy markets…