Business

Pakistan Railways is manufacturing new freight wagons with the assistance of a Chinese company to enhance transportation capacity across the country. The latest initiative, under Special Investment Facilitation Council, is making significant strides towards reducing reliance on imports and promoting direct foreign investment. After the successful delivery of two hundred…

Finance Minister Muhammad Aurangzeb says Pakistan plans to launch Panda Bond by June this year with an aim to enhance country’s presence in China’s capital markets. In an interview with Hong Kong’s TVB News Channel, he said through the issuance of the Panda Bond, Pakistan intends to raise approximately two…

Pakistani and Chinese companies have signed memoranda of understanding worth around 250 million dollars to boost trade in the medical and surgical sector,  MoUs were signed at the China-Pakistan B2B conference in the medical equipment and surgical instrument sector in Beijing today. This collaboration aims to steer more Chinese companies…

Pakistan and South Korea have signed a landmark agreement to boost economic cooperation, marking a new chapter in their trade relations. South Korea’s Minister for Trade, Inkyo Cheong, presented plans to transfer Korea’s industrial base to Pakistan, fostering opportunities in sectors like food, I.T., minerals, textiles, and nogistics. As a…

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…