Business

Prime Minister Muhammad Shehbaz Sharif has welcomed Bloomberg’s recent positive report on Pakistan’s economy. In a statement, he mentioned that according to the report, the probability of default has decreased significantly by 2,200 basis points. He said this sharp drop reflects a growing confidence among global investors in the country’s…

Pakistan has become world’s 2nd most improved economy in terms of reduction in sovereign default risk. As per the latest data by Bloomberg shared by Advisor to Finance Minister Khurram Schehzad, Pakistan stood 2nd only to Turkiye in Global Emerging Market Rankings, as it has recorded one of the sharpest…

Zong, Pakistan’s leading technology innovation company, has unveiled the country’s first AI-powered Urdu chatbot, marking a new milestone in its mission to reshape customer experience and accelerate Pakistan’s digital future. With the launch of Urdu Chatbot, millions of Zong customers across the country can now access seamless, intelligent support in…

Acting President Syed Yousuf Raza Gilani says Pakistan’s economy is moving towards stability and new opportunities for trade and investment are opening up. Addressing the “Pakistan Business Summit” in Peshawar today, he said both local and international investors are showing confidence in Pakistan, as the government continues its efforts to…

Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasized that the government’s role is to ensure macroeconomic stability, introduce structural reforms and provide the right ecosystem for business and investment in the country. Addressing “Pakistan Business Summit” in Peshawar today, he underlined the government’s commitment to creating an enabling…

On Monday, the findings of an independent study on illicit cigarettes, conducted by Alvarez & Marsal (A&M), were shared with the media. A&M is a leading global professional services firm specializing in forensic analysis and business investigations. The report was presented by Nick Hodsman, Global Head of Anti-Illicit Trade Policy…

The historic city of Peshawar is set to host the first-ever PAKISTAN BUSINESS SUMMIT at the Serena Hotel on Thursday, October 2, 2025. Under the patronage of Governor Khyber Pakhtunkhwa, the Summit is co-hosted by the Nutshell Group and Al Baraka Bank (Pakistan) Limited, with Overseas Investors Chamber of Commerce…

Prime Minister Shehbaz Sharif has emphasized that Pakistan is making steady progress towards meeting the various targets and commitments under the IMF program. During a meeting with Managing Director of IMF Ms. Kristalina Georgieva in New York, he however said that the impact of the recent floods on Pakistan’s economy…

Pakistan and Lithuania have agreed to explore meaningful cooperation in emerging areas such as the digital economy and education. An affirmation to this effect was made during a meeting between Deputy Prime Minister Mohammad Ishaq Dar and the Acting Minister of Foreign Affairs of Lithuania, Kestutis Budrys, on the sidelines…

Special Assistant to the Prime Minister (SAPM) on Industries and Production, Mr. Haroon Akhtar Khan, visited the Pharma Park and Techno Park in Tashkent, Uzbekistan, to enhance bilateral industrial and technological collaboration. During the visit, Mr. Khan lauded the production of modern household and electronic appliances at the Uzbek Techno…

Jahanzeb Khan, President & CEO of easypaisa digital bank, emphasized that disruptive digital innovation, keeping local market insights and ground realities in mind, has the potential to drive full-scale financial inclusion across Pakistan, which currently has a financial inclusion rate of over 60%. Speaking at a panel discussion titled “Future…

Martin Dow Limited (MDL) has been assigned an upgraded credit rating of A+ (Long Term) and A1 (Short Term) with a Stable Outlook by The Pakistan Credit Rating Agency Limited (PACRA). The upgrade reflects MDL’s strengthened financial profile, robust governance framework, and consistent ability to meet its business and financial…

Philip Morris (Pakistan) Limited (PMPKL) has urged authorities to take targeted enforcement measures at the retail and distribution levels to curb the growing illicit cigarette trade, which continues to drain Pakistan’s economy and undermine legal businesses. Speaking to a group of journalists, Khurram Qamar, Director External Affairs at PMPKL, said…

The efforts for the timely exploration of oil have been accelerated under the Special Investment Facilitation Council (SIFC). According to the details, Pakistan has a capacity of 1,234 million barrels of oil reserves, while 249.05 million barrels are still available. Timely oil exploration will secure economic importance and reduce external…

Pakistan and Kazakhstan have agreed on maritime trade negotiations, joint ventures and economic cooperation. Discussions are underway on a strategy to transform Pakistan into a hub for trade and transit through Karachi and Gwadar ports. The two countries have also agreed on measures to enhance cooperation in port development, transportation…

Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, and its China-based Fintech partner OPay, recently celebrated a major milestone, where the duo have processed digital retail payments of over PKR 100 billion in a short period of time. This achievement reflects the success of the Bank’s…

Eighteen, Pakistan’s premier luxury housing society located near the New Islamabad International Airport, proudly announces Dr. Mohamed Mansour as its new Chief Executive Officer. With over 20 years of diversified and international experience, Dr. Mansour has successfully led high-value real estate and infrastructure projects for multinational companies across the globe.…

Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Ambassador of Kazakhstan Yerzhan Kistafin have expressed keen interest in expanding bilateral cooperation in the maritime sector. The interest was shown during a meeting between the two leaders in Islamabad today. The two sides held detailed discussions to enhance business cooperation…

Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry has announced the closure of the Utility Stores Corporation across the country. Addressing a news conference in Islamabad, the Minister said rights of all USC employees had been fully protected under the directives of the Prime Minister. The Minister said a consensus…

Pakistan’s IT exports have increased due to better access to the global market made possible by the efforts of Special Investment Facilitation Council. With exports reaching 354 million dollars, IT exports have surpassed the 12-month average of 317 million dollars. Compared to July last year, IT exports have shown a…

Finance Minister Muhammad Aurangzeb has said Pakistan is working to diversify its financial options and deepen engagement with leading global and Chinese institutional investors. He was talking to Chairman Hongta Securities Jing Feng in Beijing. During the meeting, both sides discussed avenues for strengthening cooperation in capital markets and enhancing…