Business

The Pakistan Stock Exchange (PSX) outshined other asset classes in the country for 2024, with its benchmark KSE-100 Index surging by 78%. This remarkable performance positioned PSX as the second-best performing stock market globally, trailing only Argentina, according to The News, citing a report by Topline Securities. Over the last…

With the support of Special Investment Facilitation Council, Greenfield tyres project has been launched to increase the local manufacturing of international standard tyres. International Finance Corporation and local banks have invested up to 50.2 million dollars for this project to be set up in Gharo, Sindh. The project will help…

Minister for Finance Muhammad Aurangzeb has reaffirmed government’s commitment to promote export-led growth, identifying agriculture and Information Technology as crucial sectors to drive Pakistan’s sustainable economic growth. Speaking to farmers in Kamalia today, he   said that the International Monetary Fund program is focused on stabilization of economy. Muhammad Aurangzeb said that…

A meeting of the Sugar Advisory Board was held on Thursday to review the overall situation of sugar stocks across the country. The meeting was chaired by Federal Minister for Industries and Production Rana Tanveer Hussain, and was also attended by Federal Minister for Commerce Jam Kamal Khan, said a…

Govt to setup 10,000 EV charging stations by 2030: Rana Tanveer Hussain, Minister for Industries and Production on Wenesday unveiled the government plan to transform transportation landscape by setting up 10,000 electric vehicle (EV) charging stations by 2030. Addressing an “exhibition of electric bike models” organized by the Engineering Development…

In a substantial advancement for taxpayer rights and fair tax administration, the Office of the Federal Tax Ombudsman (FTO) has seen impressive strides under the leadership of Honorable Dr. Asif Mahmood Jah. Since its inception in 2000, the FTO office faced hurdles, such as limited engagement and responsiveness. However, with…

easypaisa continues its commitment to societal welfare, processing an impressive 310 million in donations through its platform as of 30th September 2024, including a significant contribution of PKR 91 million during the holy month of Ramadan. With a deep-rooted belief in the power of collective action, easypaisa contributed PKR 4.5…

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan is privileged to collaborate with Zaman Foundation to bring clean drinking water to the people of Ramiyo Gajju through a solar-powered Reverse Osmosis (R.O) water filtration plant. This initiative not only addresses the village’s 78-year struggle for safe…

NPO Pakistan in collaboration with Asian Productivity Organization (APO) Tokyo, Japan is pleased to announce the successful completion of a project focused on the development of APO’s demonstration units aimed at enhancing workplace environment management through lean manufacturing practices in Pakistan’s surgical instruments industry. The workshop, held on 31st October…

Minister for Finance Muhammad Aurangzeb has appreciated Asian Development Bank partnership with Pakistan to support its development agenda. He expressed these views while talking to President of the Asian Development Bank Masatsugu Asakawa in Washington. The Minister also welcomed the launch of the new ADB office in Islamabad and expressed…

Prime Minister Muhammad Shehbaz Sharif has felicitated the entire nation on the bullish trend at Pakistan Stock Exchange which has crossed historic 90 thousand points at the 100-index. In a statement on Friday, he said this sharp upswing in the stock market after 14 years is the result of tireless…

Faysal Bank Limited (FBL), the leading Islamic bank in Pakistan, continued with its growth stride and has announced sound financial results for the nine months ended September 30, 2024. The Bank reported a Profit After Tax (PAT) of PKR 19.8 billion, marking a 64% increase as compared to the same…

Finance Minister Muhammad Aurangzeb has invited the US enterprises to invest in agriculture, IT and energy sectors of Pakistan. During a meeting with the US Assistant Secretary of State for Economic and Business Affairs in Washington, he acknowledged the importance of the Pak-US economic partnership in Pakistan’s socio-economic development. Muhammad…

Pakistan and Saudi Arabia have expressed the resolve to further deepen mutually beneficial economic ties, enhance bilateral trade and facilitate investments in key sectors. This came at a meeting between Finance Minister Muhammad Aurangzeb and Saudi Minister of Finance Mohammed Aljadaan, on the sidelines of the World Bank-IMF Annual Meetings…

Commerce Minister Jam Kamal Khan has expressed the government’s commitment to boost textile and leather industry by facilitating it with modern and eco-friendly technology. Speaking at the opening ceremony of the Fifth International Exhibition in Karachi today, said that textile and leather products account for 60 percent of Pakistan’s national…

Pakistani delegation comprising Secretary Finance Imdad Ullah Bosal and Governor State Bank of Pakistan Jameel Ahmed met with the Deputy Managing Director of the IMF Kenji Okamura in Washington DC. The Pakistan delegation highlighted measures to expand fiscal space by broadening the tax base, aligning the provincial Agriculture Income Tax…

easypaisa, Pakistan’s leading digital financial services platform, has once again made waves on the global stage with its groundbreaking Audio Nikahnama Campaign securing a Gold Dragon for Best in Digital, a Blue Dragon for Best in Pakistan, and a Red Dragon for Best Campaign in Asia at the Dragons of…

Pakistan and Indonesia have reiterated their desire to increase cooperation in areas of mutual interests including trade and economy with the support of Special Investment Facilitation Council (SIFC). In this regard, Trade Expo Indonesia was held recently to promote bilateral cooperation between Indonesia and Pakistan. Business-to-business bilateral cooperation trade agreements…

The Punjab government has received more than one point five million applications under the Green Tractor Program announced for farmers. The Punjab government had announced the distribution of nine thousand five hundred green tractors under Kisan Programme. The list of those who will be included in the draw will be…

China Asia Economic Development Association (CAEDA) will make an investment of 13 billion dollars in free trade zone of Pakistan in the next five years. The initial layout of this investment is between 8 to 13 billion dollars while it is expected to reach 30 billion dollars. The free trade…