Business

In recognition of his dedicated and unwavering services for the business community, Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry has been elected as Chairman All Markets Unions of Islamabad. The meeting convened for the purpose by Raja Hassan Akhtar, President Blue Area elected Ahsan Zafar Bakhtawari as…

Earlier this month, K-Electric (KE), Pakistan’s only private utility firm, announced the receipt of seven bids for Pakistan’s first 220 MW hybrid wind/solar project in Dhabeji Sindh. Building up on the momentum, the company marked another important milestone with the opening of the financial bids at a private event in…

The Competition Commission of Pakistan (CCP) has approved internal restructuring involving M/s. Nishat Chunian Limited (NCL), M/s. Nishat Chunian Power Limited (NCPL), M/s. Nishat Mills Limited (NML), and the CEO of NCL, Mr. Shahzad Saleem. This internal restructuring, undertaken as part of the Scheme of Arrangement, aims to streamline the…

Pakistan’s exports recorded a significant increase of fourteen percent in the beginning of this financial year due to the support of Special Investment Facilitation Council (SIFC). According to the statistics, exports increased by 620 million dollars to reach 5.1 billion dollars in August. Due to increase in exports, the country’s…

Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, is proud to announce its double recognition at the renowned 21st Annual Excellence Awards by CFA Society Pakistan, having won the “Best Microfinance Bank of the Year 2023” and “Recognizing Gender Diversity at the Workplace Award 2024.”…

There have been new discoveries of oil and gas in the country due to the support of Special Investment Facilitation Council (SIFC). Twenty-six percent increase has been witnessed in crude oil reserves and two percent in gas reserves at the end of last fiscal year. According to the data released…

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…