Business

The United Arab Emirates (UAE) was working to sign a Comprehensive Economic Partnership Agreement (CEPA) with Pakistan that would create many new opportunities for the entrepreneurs of both countries to promote bilateral trade and exports. This was said by Rashid Abdul Rehman Al Ali, Deputy Head of Mission of UAE…

The ‘Pakistan Minerals Summit – Dust to Development – Investment Opportunities in Pakistan’, will be hosted by the Government of Pakistan on the 1st of August 2023. This one-day summit, to be held at a local hotel in Islamabad, is being sponsored by Barrick Gold Corporation with a clear focus…

A delegation led by former President Islamabad Chamber of Commerce and Industry and Secretary General of UBG Zafar Bakhtawari met with Chief Minister Gilgit-Baltistan Gulbar Khan to know about his health and wished him to get well soon. Gilgit-Baltistan Planning Minister Fathullah Khan was also present on the occasion. Speaking…

President Islamabad Chamber of Commerce and Industry, Ahsan Zafar Bakhtawari, said that a peaceful and secure environment is very important for the promotion of business and investment activities, so the police should work with ICCI to further improve the security situation in the commercial and industrial areas of Islamabad, which…

The Government of Balochistan has asked donors for Rs.7.7 billion for the implementation of Community Led Local Governance (CLLG) Policy. In the PSDP of fiscal year 2023-24, the Government of Balochistan has already allocated Rs 1.5 billion for the implementation of the CLLG Policy. In this regard, a Development Partners…

Qaisar Ahmed Sheikh (Senior Leader, PML-N): The present government is mainly focusing on boosting the IT sector, promoting solar tube-wells and facilitating loans for SMEs. After the endorsement of the IMF, the confidence of local and foreign investors will increase to invest in Pakistan. Recently, the international rating agency has improved…

Founder President of Islamabad Women’s Chamber of Commerce and Industry Samina Fazil has expressed government’s resolve to steer the country out of problems. She was talking to a delegation of business community in Islamabad on Sunday. Samina Fazil said that while the recent financial support from the International Monetary Fund…

Finance Minister Ishaq Dar announced on Saturday that the price of petrol and diesel have been decreased by Rs9 and Rs7 per lite, respectively in the fortnightly review. In a televised address on Saturday, the finance minister said one petroleum product had witnessed increase while the price of another went…

The delegation of Islamabad Chamber of Commerce and Industry under the leadership of President Ahsan Zafar Bakhtawari met with the Iranian Ambassador to Pakistan Reza Amiri Moghadam.In the meeting held at the Iranian Embassy, issues of mutual interest were discussed.Improvement of trade relations between the two countries, barter trade, energy…

Gold prices in Pakistan soared by over Rs6,000 on Friday as the international rates have been increasing in the last three sessions and due to the rupee’s depreciation against the dollar. According to data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) gained…

There is also a bullish trend in the business at Pakistan Stock Exchange today. At the start of the business hundred index reached to the limit of 45 thousand 808 points with an increase of 290 points. The continuous bullish trend in stock market is being viewed as a good…

High Commissioner of Rwanda to Pakistan, James KIMONYO, has said that Rwanda is the best investment destination for Pakistan’s business community with its peace, business-friendly environment and transparency.Rwanda can be a launching pad for Pakistan in the Central Africa region. This region is a vast market with 30 crore people…

Finance Minister Ishaq Dar said Tuesday that Saudi Arabia deposited $2 billion in the State Bank of Pakistan (SBP) days after Islamabad reached a staff-level agreement with the International Monetary Fund (IMF) on a $3 billion Stand-By Arrangement. “SBP has received a deposit of $2 billion from the Kingdom of…

Finance Minister Ishaq Dar has said economic situation of the country is improving due to prudent policies of the coalition government. He was virtually talking to a representative delegation of Chambers of Commerce and Industries and business organizations of 25 districts of Punjab in Lahore on Sunday. He said bringing…

The projects under China-Pakistan Economic Corridor have attracted 25.4 billion dollars of direct investment from China during the last 10 years. According to a senior official of the Chinese Foreign Ministry, after ten years of development, a cooperation layout has been formed, in which Gwadar Port, transport infrastructure; energy and…

 Gold prices in Pakistan continued to decline for the second consecutive day after the rupee made massive gains against the dollar on Tuesday.  According to data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs2,200 per tola and Rs1,887 per 10…

The Pakistani rupee on Tuesday gained massively in the interbank market during the intraday trade after the government struck a deal with International Monetary Fund (IMF). The country on Friday secured a $3 billion short-term financial package from the IMF, giving the economy some much-awaited respite as it teeters on…

Former president of SAARC Chamber of Commerce & Industry Iftikhar Ali Malik said that Pakistan’s geo-strategic location ideal for connecting Central Asian countries via sea routes for better and effective regional economic integration, besides boosting trilateral trade. Talking to a delegation of industrialists led by Muslim Khan Buneri today, he…

Govt. of Pakistan can earn 364 billion from tobacco sector in fiscal year 2023-24. However for this, the government must remain steadfast on his February 2023 decision of increasing FED on cigarettes if it wants to safeguard our youth from harms of tobacco. These views were shared by health activists…

Policy Research Institute of Market Economy (PRIME) acknowledges that the coalition government has presented the budget for FY 2024 amidst insurmountable challenges with stalled IMF program on one end and upcoming elections on the other end. Though the government claims that budget coincides with IMF framework, yet the reality is…

Finance Minister Ishaq Dar says the government has rescued the crippling economy and averted default in the face of serious inherited challenges on internal and external fronts. He made these remarks while launching Economic Survey for the outgoing fiscal year at a ceremony in Islamabad on Thursday. Ishaq Dar said…