Business

Turkmenistan is set to become the first Central Asian country to gain access to Gwadar port under China Pakistan Economic Corridor (CPEC). Pakistan and Turkmenistan will soon sign an agreement in this regard. The government has constituted a committee to examine the draft agreement between Gwadar Port and Turkmenbashi Port…

Punjab Chief Minister Maryam Nawaz has directed concerned departments to formulate a policy for export of pink salt and safety of mining workers. Presiding over a meeting in Lahore on mineral sector in Lahore, she said pink salt is a treasure of the country and should be harnessed for foreign…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, is pleased to announce the renewal of its strategic partnership with Mastercard. The renewal and expansion of this strategic partnership further elevates the Faysal Islami Noor Card, Pakistan’s groundbreaking Shariah-compliant financial instrument. As the first of its kind in Pakistan,…

easypaisa, Pakistan’s leading digital financial services platform, recently showcased its revolutionary easypaisakarobar ecosystem at separate events held in Karachi and Lahore. This innovative platform has been designed specifically to address the unmet banking needs of two million retail merchants across the country and is poised to continue driving significant change.…

In a groundbreaking move, the Planning Ministry and the Planning Commission of Pakistan, under the visionary leadership of Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, have constituted a high-level Policy Board. This initiative aims to enhance transparency and improve the economic planning process of the country…

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…