Business

The Economic Coordination Committee of the Cabinet has approved over two 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 910 million rupees for the establishment of the National Food Safety,…

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of a 90.61 Percent shareholding in Searle Pakistan Limited (SPL) by Ijara Capital Partners Limited (ICPL) and Noventa Pharma (Private) Limited (NPL). The CCP conducted a comprehensive competition assessment, identifying the relevant product market as ‘pharmaceutical products’, further…

A meeting on the New Energy Vehicle (NEV) Policy 2025 was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair. The meeting was briefed about challenges and opportunities for smooth adoption of New Energy Vehicle policy in line with national priorities. During the meeting, policy matters ranging…

A meeting to review proposals for reduction of electricity tariff for industry was held in Islamabad today with Deputy Prime Minister Ishaq Dar in the chair. Ishaq Dar reviewed the existing policies and reiterated government’s resolve to extend support to the industrial sector. He directed the concerned ministries to make…

The Senate was informed today that the government is undertaking rightsizing to reduce expenditures and uplift the economy. Minister for Law and Justice Azam Nazeer Tarar told the House during Question Hour that proposals for rightsizing of five ministries including Energy, Federal Education and Professional Training, Information and Broadcasting, National…

The Power Division has announced a special 44 percent discounted tariff for electric vehicle charging stations This announcement was made by Minister for Power Sardar Awais Ahmed Khan Leghari, while addressing a news conference in Islamabad today. He said Prime Minister Shehbaz Sharif has allowed this special discounted rate for…

easypaisa has taken a groundbreaking step in worker safety by introducing insurance coverage for billboard installers nationwide. The “Insured Billboards” initiative is part of the launch of easypaisa’s new insurance product, aimed at providing protection to vulnerable workers who risk their lives daily in high-risk environments, setting a powerful precedent…

The diplomats from Pakistan and Bangladesh have called for strengthening bilateral trade ties.  This was agreed at a meeting between Consul General of Bangladesh in Dubai Muhammad Rashedujjaman and his Pakistani counterpart Hussain Muhammad in Dubai. Welcoming the visiting Consul General, Hussain Muhammad emphasized the importance of strengthening ties between…

Finance Minister Muhammad Aurangzeb has reaffirmed the Government of Pakistan’s unwavering commitment to providing a stable policy framework and continuity, enabling the private sector to lead the country toward progress and prosperity. He was speaking at the plenary session “Innovation: The Solution to Unlock the Next Growth Engines” at Asian…

The government is taking prudent steps to promote economic growth and foreign investment with the assistance of Special Investment Facilitation Council. In 2024, the Competition Commission of Pakistan approved foreign investments worth 29.6 billion rupees. The investments focus on important sectors like banking, energy and pharmaceuticals. Famous company Aramco Asia…

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…