Business

Adviser to the Finance Minister, Khurram Schehzad, has said Pakistan’s private sector is expanding and borrowing more from the banking sector. Speaking in Radio Pakistan’s News and Current Affairs Channel’s programme “Perspective”, he explained that private businesses are securing credit to expand their operations and commercial activity. He noted that…

The government has reduced the prices of petroleum products for today. According to a press release issued by the Ministry of Energy, the price of petrol has been reduced by 4.08 rupees per litre, after which its new price has become 331.95 rupees per litre. Similarly, the price of High-Speed…

US investors have expressed keen interest to capitalize on investment opportunities in Pakistan. The interest was shown by a high level US business delegation during its two-day visit to Karachi supported by SIFC. The US delegation appreciated the improved business environment in Pakistan and SIFC’s role in ensuring investor confidence…

Pakistan Customs is committed to strengthening regional customs cooperation and promoting secure and technology-driven trade facilitation. This resolve was expressed by a delegation of Pakistan Customs, while participating in the 11th Policy-Level Meeting of the United Nations Office on Drugs and Crime (UNODC)-World Customs Organization (WCO) Passenger and Cargo Control…

Punjab Chief Minister Maryam Nawaz has invited US businessmen to invest in the Punjab StartUp Fund, highlighting the province’s growing potential in technology and innovation. Talking to a US business delegation in Lahore, she said Punjab seeks US collaboration in technology transfer and technical support to accelerate economic growth. She…

Pakistan and the Food and Agriculture Organization have reaffirmed their commitment to strengthening cooperation in climate resilience, sustainable agriculture, livestock development, and food security. The commitment was made during a meeting between Minister for National Food Security and Research, Rana Tanveer Hussain, and an FAO delegation led by its Deputy…

The government has revised the prices of petroleum products for the next three days with effect from today. According to a press release issued by the Ministry of Energy, the price of petrol has been reduced by 12 paisas to 336.03 rupees per litre. Similarly, the price of High-Speed Diesel…

The Competition Commission of Pakistan (CCP) has imposed combined penalties of Rs5.5 million on seven veterinary medicine manufacturers for using brand names and packaging identical or deceptively similar to the registered trademark “COLCOREX”, in violation of Section 10 of the Competition Act, 2010. The case arose from a complaint by…

Senior representatives from Pakistan’s federal and provincial governments, Gilgit-Baltistan, industry, regulators and development partners convened at the GSMA Digital Nation Pakistan Ministerial Roundtable to identify practical actions that build on Pakistan’s growing digital momentum and accelerate the delivery of Digital Pakistan 2030.The roundtable was one of the few forums to…

Advisor to Federal Finance Minister Khurram Schehzad says Pakistan has made significant progress in restoring macroeconomic stability through prudent fiscal management and necessary structural reforms. He was addressing concluding ceremony of a four-day National Tax Seminar today, jointly organized in Murree by Pakistan Tax Bar Association and the Lahore Tax…

Minister for National Food Security and Research Rana Tanveer Hussain has stressed the need to increase the country’s exports to achieve sustainable economic growth. Talking to the media at the Expo Centre in Lahore today, he said increasing exports would also help reduce the country’s dependence on imports. He said…

Minister for Finance Muhammad Aurangzeb has said that the government is introducing new initiatives to modernize the Federal Board of Revenue and further improve tax administration. Addressing the graduation ceremony of FBR officers in Lahore today, he said the government is working collectively to strengthen tax policy and enhance the…

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with representatives of the U.S. International Development Finance Corporation in Washington, D.C. During the meeting, the Finance Minister sought expedited support for priority private sector-led projects in the energy, information technology, infrastructure, minerals, and food and agriculture sectors. He noted…

A US-based international credit rating agency, Standard and Poor’s (S&P) Global, has upgraded Pakistan’s long-term instruments credit rating to ‘B’ from ‘B Minus’. The rating is upgraded due to stronger institutional capacity, sustained implementation of IMF-backed reforms, improved fiscal performance, and a significant rebuilding of foreign exchange reserves. Last time,…

Deputy Prime Minister Ishaq Dar and Canada’s Minister of Foreign Affairs Anita Anand have signed the Protocol on the Phytosanitary Import Requirements for Genetically Modified Canola Intended for Food, Feed and Processing from Canada to Pakistan. The signing ceremony, held in Islamabad today, was witnessed by Prime Minister Shehbaz Sharif.…

Pakistan and Canada have expressed the commitment to expanding trade and investment relations through a new Foreign Investment Promotion and Protection agreement. This came at delegation level talks between the two countries at the foreign office in Islamabad today. Deputy Prime Minister Ishaq Dar represented Pakistan while the Canadian delegation…

Green Pakistan Initiative (GPI) is helping bring barren land under cultivation, providing guidance to farmers and promoting agricultural development. According to Owner of Mehnat Kash Naujawan Farm Asim Awan about eighty percent of the completely barren land allocated to him two years ago has now been brought under cultivation, where…

Minister for Petroleum Ali Pervaiz Malik has said the daily pricing mechanism for petroleum products represents a fundamental shift towards a competitive, market-driven economy by ending dependence on the weekly price announcement cycle and mandatory government approval. He was talking to key petroleum sector stakeholders on the government’s transition from…

Finance Minister Muhammad Aurangzeb has underscored the need for continued investment in cybersecurity capabilities and secure digital infrastructure to safeguard taxpayer information. He was chairing a meeting in Islamabad today to review the implementation roadmap and operational readiness of the Federal Board of Revenue’s (FBR) National Faceless Centre, a key…

Pakistan and China have signed several agreements worth 440 million dollars in the field of pharmaceutical industry. The agreements were signed between Pakistani and Chinese pharmaceutical companies at a Pakistan-China Business-to-Business investment conference in Islamabad today. Addressing the conference, Prime Minister Shehbaz Sharif expressed confidence that the agreements would soon…

Prime Minister Shehbaz Sharif has directed to accelerate implementation of government’s policy measures for ease of doing business and Asaan Karobar Act 2025. He was chairing a meeting regarding Ease of Doing Business in Islamabad. The Prime Minister further instructed that third-party validation by international institutions be ensured to assess…