Business

Prime Minister Muhammad Shehbaz Sharif says the government is taking all possible measures to facilitate the business community, promote investment and increase exports. He was talking to CEO of Pak-Japan Group Chaudhry Asif Mahmood, who called on him in Islamabad today. They discussed initiatives for the welfare of overseas Pakistanis…

Prime Minister Shehbaz Sharif has directed the establishment of facilitation desks comprising administration officials, volunteers and petrol pump staff to enable people to avail the fuel subsidy. He was chairing a review meeting regarding the PM Special Relief Scheme for motorcycles, rickshaws and 800cc cars in Islamabad today. The Prime…

The Economic Coordination Committee of the Cabinet has approved 75 billion rupees for the Prime Minister’s Fuel Relief Scheme. The ECC accorded the approval at its meeting held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair. The scheme envisages provision of targeted relief to lower-income segments in…

Pakistan and the African countries have reaffirmed their resolve to raise bilateral trade to 15 billion dollars by 2030 and diversify economic and trade relations. The affirmation came at the launch ceremony of the Pakistan-Africa Economic Council (PAEC) in Islamabad. The two sides reiterated their commitment to promoting mutual investment…

Prime Minister Shehbaz Sharif has called for coordinated measures to expand access for Pakistani agricultural products to international markets and explore new markets. He was chairing a high-level meeting on promotion of agriculture sector and agricultural exports in Islamabad. The Prime Minister directed Pakistan’s commercial officers posted at its missions…

Minister for Commerce Jam Kamal met Chief Executive of the Hong Kong Special Administrative Region, China, John Lee Ka-Chiu in Hong Kong. During the meeting, they reaffirmed their commitment to deepen trade, economic cooperation and people-to-people linkages between Pakistan and Hong Kong. The Chief Executive appreciated Minister Jam Kamal’s strong…

Special Investment Facilitation Council’s one-window facilitation is making it easier for investors to access business opportunities in Pakistan. SIFC is providing comprehensive guidance regarding investment opportunities, facilities and support available across various sectors. To further simplify the investment process, SIFC has introduced a Digital Ticketing Hub. Investors can submit their…

Prime Minister Shehbaz Sharif has said the banks and financial institutions should play their role in extending loans to farmers, SMEs and the housing sector. He was chairing a meeting on Access to Finance for Agriculture, Housing and SMEs sector in Islamabad. Shehbaz Sharif said the government will encourage banks…

New Zealand has expressed keen interest in exploring opportunities for cooperation with Pakistan in various sectors, particularly agri-tech. This interest was shared by High Commissioner-designate of New Zealand to Pakistan, David Pine, during a meeting with Finance Minister, Muhammad Aurangzeb, in Islamabad today. The High Commissioner-designate briefed the Finance Minister…

The government has revised the prices of petroleum products for today. According to a press release issued by the Petroleum Division, the price of High-Speed Diesel has been increased by 3.72 rupees per litre to 381.77 rupees per litre. Similarly, the price of petrol has also been raised by 12.90…

Significant progress is being made towards self-reliance and modernization in Pakistan’s maritime sector under the Prime Minister’s Task Force on Maritime Reforms. The National Dredging and Marine Services (NDMS) is emerging as the foundation for self-reliance in meeting the country’s port-related requirements. NDMS is a joint initiative of National Logistics…

A meeting to review progress on the closure of the Pakistan Agricultural Storage and Services Corporation (PASSCO) and Utility Stores Corporation (USC) was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair. Regarding the Utility Stores Corporation, the meeting was briefed that substantial progress has been made…

The Economic Coordination Committee of the Cabinet has approved measures involving 11.6 billion rupees. The Committee, which met in Islamabad, approved 6.6 billion rupees for purchase of 30 bullet-proof vehicles to be used during the SCO Summit for movement of Heads of State. The Summit will be hosted by Pakistan…

Deputy Prime Minister Ishaq Dar has directed PASSCO to immediately supply wheat to the provinces as per approved allocations. He was chairing a meeting in Islamabad today to take stock of wheat stocks in the country. The Deputy Prime Minister further directed the provinces to ensure timely payments and lifting…

Minister for Communications Abdul Aleem Khan says the Pakistan Expressway will boost regional trade and significantly reduce travel time between Karachi and Quetta. Talking to Governor of Balochistan Sheikh Jaffar Khan Mandokhail in Islamabad today, the minister assured that the National Highway Authority is taking all necessary measures to ensure timely…

Mauritius Ambassador to Pakistan, Mr. Mansurkar Mas, has said that Pakistani Basmati rice has no parallel in the world and that the people of Mauritius are extremely fond of Pakistani rice. He said Mauritius could prove to be a major market for Pakistani products besides rice. He said that work…

Islamabad and Riyadh have agreed to increase Pakistan’s agricultural and food exports to Saudi Arabia to three billion dollars over the next two years. The understanding was reached during successful talks between Pakistan and Saudi Arabia. The Pakistani delegation was led by Minister for National Food Security and Research Rana…

Pakistan’s effective economic strategy and prudent fiscal policies are helping strengthen financial discipline and economic stability, with early debt repayments nearing 6000 billion rupees. In a statement, Adviser to the Finance Minister Khurram Schehzad said Pakistan has so far repaid around 5920 billion rupees ahead of schedule. He said the…

The Special Investment Facilitation Council (SIFC) is facilitating the ML-1 railway upgradation project to modernize Pakistan’s rail infrastructure, improve connectivity, and support industrial development. ML-1 is a key initiative to connect industrial centers with ports and modernize the country’s logistics network. The project is expected to increase rail freight capacity,…

Federal Minister for Information Technology and Telecommunications Shaza Fatima Khawaja says effective steps are being taken to strengthen the digital economy in the country by promoting cashless payments. Addressing a ceremony in Karachi today, she said building a more digitally connected and efficient Pakistan is the vision of the government.

Federal Minister for Petroleum Ali Pervaiz Malik says the government is working to develop a competitive, investment-friendly petroleum sector aligned with the country’s long-term energy requirements.       In his separate meetings with the leadership of Overseas Investors Chamber of Commerce and Industry and Pakistan State Oil in Karachi, he…