Business

Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh says there are immense opportunities to forge a strong partnership between Pakistan and Texas in diverse fields, including IT, agriculture, textiles, and sports۔ He was talking during meetings with Texas leadership, business community, and Pakistani diaspora in Dallas and Houston during…

Pakistan and China have inked a Memorandum of Understanding (MoU) with a Chinese firm for value addition and export of dry fruits, local media reported. According to Radio Pakistan, this collaboration will provide Pakistani products access to new markets and also meet the demand for quality dry fruits in China.…

Faysal Funds participated in the Investor Weekend 2024, an event aimed at empowering investors with knowledge of new and innovative investment strategies. The event brought together industry experts, potential investors, and enthusiasts, fostering an environment for learning, networking, and growth. Mr. Abdul Rehman Warraich, Commissioner of the Securities & Exchange…

Muhammad Azfar Ahsan, former Minister for Investment of Pakistan and Founder of Nutshell Group, met with H.E. Khalid bin Abdulaziz Al-Falih, Minister of Investment for the Kingdom of Saudi Arabia, in Islamabad. During their meeting, they discussed the robust partnership between the private sectors of both nations, emphasizing that the…

The Future Investment Initiative (FII) Institute will hold a news conference on Tuesday to unveil details about the upcoming eighth edition of its annual conference, which will take place from October 29 to 31 at the King Abdulaziz International Conference Center in Riyadh, under the theme “Infinite Horizons: Investing Today,…

Interest of Saudi investors for investment in different sectors of Pakistan’s economy has increased largely due to efforts of the government and support of Special Investment Facilitation Council. As part of these efforts, a delegation of Saudi Najd Gateway Holding Company led by its Chairman Prince M. al Saud visited…

Ahsan Bakhtawari, former President Islamabad Chamber of Commerce and Industry (ICCI), has been inducted into the Central Core Committee of the United Business Group (UBG). UBG Patron-in-Chief, S.M. Tanveer, made the announcement after the Federal Core Committee’s approval. Tariq Mahmood from Lahore has also been approved to join the committee.…

Faysal Bank Limited (FBL) Pakistan’s leading Islamic Bank, has officially signed a Memorandum of Understanding (MOU) with The Citizens Foundation (TCF) to impart financial literacy to TCF students across Pakistan. The partnership was formalised today at a signing ceremony held at FBL’s Head Office, with Mr. Isfandyar Inayat, Vice President…

Finance Minister Muhammad Aurangzeb says the government is committed to structural reforms in core sectors of economy, including energy, SOEs, privatization, taxation and rightsizing of government. He was talking to a group of investors led by Barclays, who called on him in Islamabad today. The Minister briefed the delegation on…

With the facilitation of the Special Investment Facilitation Council, the government is set to attract more than twenty-seven billion dollars in foreign direct investment from Asian and European countries in the coming years. The main objective of this investment is to assist in stabilizing Pakistan’s economy through the development of…

The Competition Commission of Pakistan (CCP) continued its comprehensive Phase II Merger Review of PTCL’s acquisition of 100 percent shareholding in Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited. The CCP’s bench was comprised of Chairman Dr. Kabir Ahmed Sidhu and Members Mr. Salman Amin and Mr. Abdul Rashid…

Muhammad Azfar Ahsan, former Minister for Investment, stressed the need for Pakistan to prioritize optimizing its existing investments, advocating for a strategy that focuses 80% on nurturing current investors rather than concentrating on attracting new investments. Azfar spoke at a special talk hosted by the China Pakistan Study Centre (CPSC)…

Pakistan and Denmark have signed an MoU for cooperation in the maritime sector. Minister for Maritime Affairs Qaiser Ahmed Sheikh signed the MoU on behalf of government of Pakistan. Danish Shipping Company Maersk will invest about two billion dollars in Pakistan’s maritime sector. Finance Minister Muhammad Aurangzeb, Minister for Commerce…

Finance Minister Muhammad Aurangzeb has expressed the confidence that the reduction in inflation will take the country from stabilization to growth path. Addressing the launching ceremony of Pakistan Economy Dashboard in Islamabad today, he said decline in inflation has surpassed all expectations, hoping it will continue to buttress the economy.…

Lemon, a trailblazer in the blockchain and digital payment landscape, is thrilled to announce a groundbreaking strategic partnership with Catfiz, a leading messaging and social platform. This exciting collaboration aims to significantly expand Lemon’s ecosystem by integrating Catfiz’s robust user base, welcoming over 5 million new users into Lemon’s cutting-edge…

The Government is working on increasing Ease of Doing Business in Pakistan to make it an attractive destination for foreign investment. In this regard, projects like Pakistan Single Window have been undertaken to provide one node solution to potential investors rather than hopping between various government departments for different permits.…

In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has entered into a strategic partnership with Mastercard, a global leader in payment technology, and 1LINK, Pakistan’s leading domestic payment switch. The Memorandum of Understanding (MoU) was signed between Faysal Bank, Mastercard, and…

Punjab Senior Minister Marriyum Aurangzeb says Punjab’s shrimp farming model will serve as an exemplary project for other provinces. She stated this during the meeting with a delegation of Thai Union in Lahore on Friday. During the meeting, discussions were held on starting shrimp farming in Punjab, shrimp hatcheries, research,…

Faysal Bank Limited (FBL) is pleased to announce a new strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under IFC’s Global Trade Finance Program (GTFP). As part of this partnership, IFC will explore the possibility of establishing a trade finance guarantee facility for…

Pakistan and Belarus have agreed on transfer of agriculture technology from Belarus to Pakistan by establishing Belarusian agricultural machinery manufacturing plants in Pakistan. An understanding to this effect came during the seventh session of Pakistan-Belarus Joint Ministerial Commission in Islamabad.  The session was co-chaired by Federal Minister for Commerce Jam Kamal…

Coordinator to Prime Minister on National Health Services, Dr. Malik Mukhtar Ahmad has said the government aims to position Pakistan as a major producer of pharmaceutical products. Addressing Pharma Export Summit in Islamabad on Wednesday, he said the path forward is to create an eco-system that nurtures innovation and drive…