Business

Pakistan and Saudi Arabia on Wednesday agreed to enhance bilateral trade between the two brotherly countries and improve investments in various sectors including construction, digital economy and infrastructure.   The agreement was reached during a meeting of Caretaker Minister for Commerce, Gohar Ejaz with the Saudi Minister for Commerce, Dr.…

Pakistan’s exports to the seven regional countries witnessed an increase of 21.68 per cent in the first seven months of the financial year (2023-24) as compared to the corresponding months of last year.   The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and…

The Federal Board of Revenue (FBR) collected Rs.5.150 trillion since July 2023 to mid of February 2024 against Rs.3.973 trillion over the same period last fiscal year, showing growth of 30 percent.   During the course of this period, tax refunds grew by more than 28 percent, according to press…

Chairman Senate Sadiq Sanjrani has encouraged American investors to explore lucrative business opportunities in Pakistan. He was talking to a delegation of American investors, led by President and Chairman of the Board of Directors at Miracle Saltworks Collective Inc. USA, Ahmad Nadeem Khan who called on him in Islamabad. The…

Ambassador of Pakistan to United Arab Emirates Faisal Niaz Tirmizi Monday inaugurated the Pakistan Pavilion at the World Trade Center Dubai. On this occasion, he visited various stalls and had detailed discussions with the Pakistani exhibitors.According to the Press Counselor of Pakistan in Dubai, the Pakistani ambassador to the UAE…

Pakistan Railways has collected an amount of Rs 74.8 million from ticket-less passengers in a crackdown during the three two months with the help of railway police and train staffers. “Around 58,446 passengers found travelling without tickets in different trains and collected the said amount from them, which is deposited…

Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with Sharia compliance, announced a strategic collaboration with OPay, a global fintech giant with a proven track record in providing cutting-edge digital payment solutions. The collaboration aims to empower the entire spectrum of small, medium,…

The cigarette industry is experiencing a surge in illegal trade in recent months, particularly following a significant excise increase in February 2023. Fuelled by this excise hike, industry sources have revealed a concerning trend of widespread availability of counterfeit cigarettes in the market, affixed with fake stamps. This raises serious…

A business linkiges hackathon was organized in six districts of Balochistan, Quetta, Pashin, Kharan, Nushki, Musa Khel and Zhob, under the auspices of Taraqee Foundation with the technical support of European Union,PPAF under the GRASP program to promote better coordination for entrepreneurs. The Hackathon organized for Farmers, FAO, Livestock, BRSP,…

Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure its DigiBanc Suite as the core technology stack of the bank. Digibanc Suite is an award-winning, cloud-enabled, API-driven, and highly adaptable digital banking platform allowing institutions to deliver inclusive digital financial services. The platform features…

182 tons of dried chili peppers from Pakistan arrived Saturday afternoon in Neijiang City, southwest China’s Sichuan Province. This was the first batch of imported dried chili peppers under the China-Pakistan Economic Corridor Agricultural Cooperation Project.The China-Pakistan Economic Corridor is an important pilot project of the“Belt and Road Initiative”. In…

Caretaker Minister for Planning Muhammad Sami has reiterated Pakistan’s commitment to provide secure business environment for investors. Talking to a high-profile business delegation of China, led by the Chairman of Chang Chinag Chamber of Commerce Li Ting in Islamabad today, he said that the government encourages foreign investment, especially Chinese…

Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has recently launched its Hybrid Electric Vehicle (HEV) Corolla Cross, which the company says is 50% localised in terms of its value. The company also sees the near-term future of the auto sector in Pakistan as viable for hybrid cars. The…

A meeting of the Executive Committee of Special Investment Facilitation Council was held in Islamabad today with Caretaker Minister for Planning and Development Muhammad Sami Saeed in the chair. The Committee lauded the overall progress in diverse fields and the level of economic ties with friendly countries, especially the signing…

With a bold move towards sustainable practices, TCS has become one of the leading proponents for eco-friendly transportation in Pakistan. By equipping their riders with 50 cutting-edge ezBikes, TCS is not only enhancing delivery efficiency but also significantly reducing carbon emissions. The handover event, held at National University of Sciences…

Health activists in Pakistan express their gratitude to the government for taking a crucial step in safeguarding both public health and the economy by raising the Federal Excise Duty (FED) on cigarettes. In a press release shared by the Society for the Protection of the Rights of the Child (SPARC),…

Health Advocates have called for immediate implementation of the recent recommendation by the World Bank for an increase in the federal excise duty (FED) on cigarettes. In a press release shared by the Society for the Protection of the Rights of the Child (SPARC), health advocates emphasized that implementation of…

The Pakistani Stall established by Pakistan High Commission, Dhaka at the International Charity Bazaar, emerged as a major attraction, drawing enthusiastic visitors and members of the diplomatic community. The International Charity Bazaar, organized by the Ministry of Foreign Affairs of Bangladesh in Dhaka, witnessed participation of dozens of diplomatic missions…

Minister for Finance Dr Shamshad Akhtar has stressed on need of global action to accelerate investment in SDGs while tackling debt distress in developing economies. She was virtually addressing the United Nations Conference on Trade and Development titled Development Finance for 2030 Agenda:  Environmentally Safe Industrialization, held in Geneva. In…

Highly successful meeting held earlier today between Commissioner PRA Rawalpindi, Ms. Tahira Javaid with her team, and the esteemed team from the Rawalpindi Chamber of Commerce and Industry (RCCI). The visit was graciously welcomed by Mr. Saqib Rafiq, President of RCCI, and Mr. Hamza Saroosh, Senior Vice President of RCCI,…

Mondelēz Pakistan has been recognized as the “Best Place to Work – Winner in Medium Scale Organization” at the Best Place to Work (BPTW) in Pakistan Award Gala 2023. The brand known for its snacks and confectionary items has also been able to secure the position of Runner-up for the…