Business

Prime Minister of Pakistan Shehbaz Sharif has recognized National Bank of Pakistan (NBP) for its significant contributions to the national economy. During a ceremony held in Islamabad recently, PM Shehbaz Sharif presented the award to Rehmat Ali Hasnie, President and CEO, NBP. The event honored leading exporters and bankers for…

The State Bank of Pakistan (SBP) held a condolence reference to pay tribute to the life and legacy of former Governor Dr. Shamshad Akhtar, a distinguished economist and reformer whose passing marks a profound loss for the country. Governor SBP, Mr. Jameel Ahmad, while addressing the condolence reference, highlighted Dr.…

Canadian companies are looking to invest in Pakistan’s evolving market, particularly in livestock, agriculture and other key sectors. This was stated by Canadian High Commissioner to Pakistan Tarik Ali Khan during his meeting with Minister for Communications Abdul Aleem Khan in Islamabad today. The High Commissioner expressed the Canadian government’s…

Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasized the sustained on-ground engagement and senior-level involvement by international financial institutions to develop a deeper understanding of Pakistan’s evolving economic landscape. He was talking to a delegation of Citibank led Country Officer Habib Yousuf, which called on him in Islamabad…

The Economic Coordination Committee of the Cabinet has approved over one billion rupees for various departments. The ECC, which met in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair, approved 100 million rupees for the execution of Sustainable Development Goals Achievement Programme schemes through the Capital Development Authority.…

TCS Group, one of Pakistan’s most established and trusted logistics conglomerates, has formalized a strategic partnership with Nippon Express (South Asia & Oceania) Pte. Ltd., a subsidiary of Nippon Express Holdings, Inc. (Nippon Express Group) of Japan, under which Nippon Express Group has acquired a minority stake in TCS Logistics…

Minister for Petroleum Ali Pervaiz Malik has said the brotherly relations between Pakistan and Saudi Arabia would translate into tangible outcomes in the form of investments, technology exchange and joint projects. He was talking to Saudi Ambassador Nawaf bin Saeed Al-Malkiy, who called on him in Islamabad. Ali Pervaiz Malik…

Deputy Prime Minister and Foreign Minister Ishaq Dar chaired a high-level inter-ministerial meeting in Islamabad today to discuss strengthening Pakistan’s economic and trade relations with the European Union. During the meeting, he highlighted the importance of enhancing trade cooperation, exploring new opportunities for economic engagement, and further deepening Pakistan-EU economic…

Prime Minister Shehbaz Sharif has announced a reduction of 4.04 rupees in electricity tariff for the industries to enhance their competitiveness and bolster exports. He was addressing a ceremony in Islamabad today to honour the contributions of leading businessmen and exporters in the economy. Announcing other measures for the business…

The total liquid foreign reserves held by the country stood at US$ 21,293.3 million as of 23-Jan-2026. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of Pakistan: US$ 16,101.1 millionii) Net foreign reserves held by commercial banks : US$ 5,192.2…

Advisor to Finance Minister Khurram Schehzad says Pakistan has been repaying its debt before maturity at an unprecedented scale starting from late 2024 for the first time in its history. In a post on his X handle, he said, in just 14 months, the Ministry of Finance, Government of Pakistan,…

The privatization process of the Pakistan International Airlines concluded today with the signing of transaction documents between the Government of Pakistan and the Arif Habib Consortium. A ceremony to sign the shareholders, the share purchase and subscription agreement was held in Islamabad. Prime Minister Shehbaz Sharif as well as Chief…

Zong, Pakistan’s leading information services and technology innovation company, has signed an agreement with the Pakistan Environmental Protection Agency (Pak-EPA) to launch a comprehensive Tree Plantation Drive across Islamabad, under its Green and Low Carbon Initiatives. The agreement was formally signed during a ceremony held at Zong Headquarters. The initiative…

Economic Coordination Committee (ECC) has approved the disposal of five hundred thousand metric tons of PASSCO wheat stock through competitive bidding to manage surplus stocks, reduce carrying and storage costs and ensure price stability in the domestic wheat market. Its meeting was held in Islamabad today with Finance Minister Muhammad…

Minister for Planning and Development Ahsan Iqbal has declared the industrial and commercial development of Gwadar Port as a national priority.Addressing a seminar and exhibition in Gwadar, he said Gwadar is becoming a strategic route that connects Pakistan to the global trading system.Managing Director of Pakistan Tourism Development Corporation, Aftab…

German Ambassador to Pakistan Ms Ina Lapel called on Finance Minister Muhammad Aurangzeb in Islamabad today and discussed bilateral relations.Both the sides underscored the importance of sustained engagement to further strengthen bilateral cooperation in trade, investment, and development. They reaffirmed their shared commitment to deepening economic ties and promoting a…

Minister for Planning and Development Ahsan Iqbal says Pakistan’s mineral exports have the potential to reach six to eight billion dollars annually within this decade through value addition.Addressing Pak–China Mineral Cooperation Forum in Islamabad today, he said our objective is to move decisively beyond extraction, emphasizing that Pakistan seeks to…

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has expressed satisfaction over ample stock of key essential commodities across the provinces in view of month of Ramazan.He was chairing a meeting in Islamabad today to review the availability and prices of essential commodities across the country.The Deputy Prime…

Khushhali Microfinance Bank (KMBL) was among one of the few stalls at the SME Made in Pakistan Cluster Expo 2026 that stood out with its exhibit on small business solutions. Organized by the Small and Medium Enterprise Development Authority of Pakistan (SMEDA), the Made in Pakistan Cluster Showcase Expo 2026…

Daraz Pakistan, under its Daraz Cares arm, has announced a dedicated support initiative for sellers impacted by the recent fire at Gul Plaza in Karachi, aimed at helping affected businesses regain stability and continue serving customers across Pakistan. Through this initiative, Daraz Pakistan will launch a dedicated segment and page…

Raqami Islamic Digital Bank is set to commence its operations in Pakistan next month with an initial investment of one hundred million dollars. The digital bank has been established with the support of the Kuwait Investment Authority. Advisor to the Finance Minister, Khurram Shehzad has said the investment is a…