Business

The cigarette industry is experiencing a surge in illegal trade in recent months, particularly following a significant excise increase in February 2023. Fuelled by this excise hike, industry sources have revealed a concerning trend of widespread availability of counterfeit cigarettes in the market, affixed with fake stamps. This raises serious…

A business linkiges hackathon was organized in six districts of Balochistan, Quetta, Pashin, Kharan, Nushki, Musa Khel and Zhob, under the auspices of Taraqee Foundation with the technical support of European Union,PPAF under the GRASP program to promote better coordination for entrepreneurs. The Hackathon organized for Farmers, FAO, Livestock, BRSP,…

Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure its DigiBanc Suite as the core technology stack of the bank. Digibanc Suite is an award-winning, cloud-enabled, API-driven, and highly adaptable digital banking platform allowing institutions to deliver inclusive digital financial services. The platform features…

182 tons of dried chili peppers from Pakistan arrived Saturday afternoon in Neijiang City, southwest China’s Sichuan Province. This was the first batch of imported dried chili peppers under the China-Pakistan Economic Corridor Agricultural Cooperation Project.The China-Pakistan Economic Corridor is an important pilot project of the“Belt and Road Initiative”. In…

Caretaker Minister for Planning Muhammad Sami has reiterated Pakistan’s commitment to provide secure business environment for investors. Talking to a high-profile business delegation of China, led by the Chairman of Chang Chinag Chamber of Commerce Li Ting in Islamabad today, he said that the government encourages foreign investment, especially Chinese…

Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has recently launched its Hybrid Electric Vehicle (HEV) Corolla Cross, which the company says is 50% localised in terms of its value. The company also sees the near-term future of the auto sector in Pakistan as viable for hybrid cars. The…

A meeting of the Executive Committee of Special Investment Facilitation Council was held in Islamabad today with Caretaker Minister for Planning and Development Muhammad Sami Saeed in the chair. The Committee lauded the overall progress in diverse fields and the level of economic ties with friendly countries, especially the signing…

With a bold move towards sustainable practices, TCS has become one of the leading proponents for eco-friendly transportation in Pakistan. By equipping their riders with 50 cutting-edge ezBikes, TCS is not only enhancing delivery efficiency but also significantly reducing carbon emissions. The handover event, held at National University of Sciences…

Health activists in Pakistan express their gratitude to the government for taking a crucial step in safeguarding both public health and the economy by raising the Federal Excise Duty (FED) on cigarettes. In a press release shared by the Society for the Protection of the Rights of the Child (SPARC),…

Health Advocates have called for immediate implementation of the recent recommendation by the World Bank for an increase in the federal excise duty (FED) on cigarettes. In a press release shared by the Society for the Protection of the Rights of the Child (SPARC), health advocates emphasized that implementation of…

The Pakistani Stall established by Pakistan High Commission, Dhaka at the International Charity Bazaar, emerged as a major attraction, drawing enthusiastic visitors and members of the diplomatic community. The International Charity Bazaar, organized by the Ministry of Foreign Affairs of Bangladesh in Dhaka, witnessed participation of dozens of diplomatic missions…

Minister for Finance Dr Shamshad Akhtar has stressed on need of global action to accelerate investment in SDGs while tackling debt distress in developing economies. She was virtually addressing the United Nations Conference on Trade and Development titled Development Finance for 2030 Agenda:  Environmentally Safe Industrialization, held in Geneva. In…

Highly successful meeting held earlier today between Commissioner PRA Rawalpindi, Ms. Tahira Javaid with her team, and the esteemed team from the Rawalpindi Chamber of Commerce and Industry (RCCI). The visit was graciously welcomed by Mr. Saqib Rafiq, President of RCCI, and Mr. Hamza Saroosh, Senior Vice President of RCCI,…

Mondelēz Pakistan has been recognized as the “Best Place to Work – Winner in Medium Scale Organization” at the Best Place to Work (BPTW) in Pakistan Award Gala 2023. The brand known for its snacks and confectionary items has also been able to secure the position of Runner-up for the…

There was a bullish trend in the stock exchange at the start of business today with over 415 points increased in the hundred index. With an increase of 415 points, hundred indexes surpassed the limit of 47,172 points this morning. Meanwhile, Pakistani rupee continues to strengthen against dollar both in…

Caretaker Finance Minister Dr. Shamshad Akhar says the State-Owned Enterprises (SOEs) Policy 2023 will pave the way for a more efficient utilization of public resources. She was chairing a meeting of the Cabinet Committee of State-owned Enterprises in Islamabad today. The Finance Minister said the Policy represents a critical step…

Caretaker Finance Minister Dr. Shamshad Akhtar has said the government is committed to fostering inclusive economic growth, attracting investments, and addressing socio-economic challenges in the country. She said this while talking to Country Lead (Pak), Bill and Melinda Gates Foundation (BMGF) Syed Ali Mahmood and CEO of Karandaaz Mr Waqas…

Caretaker Minister for National Food Security and Research Dr Kausar Abdullah Malik has sought FAO’s support to increase capacity of Pakistani experts in the field of agriculture, livestock and fisheries. He was talking to representative of Food and Agriculture Organization (FAO) in Pakistan Ms. Florence Rolle in Islamabad. Dr Kausar…

The Executive Committee of Special Investment Facilitation Council has finalized plans to resolve issues related to Agriculture, Information Technology, Minerals and Energy. This was stated at the 5th two-day meeting of the committee, which began in Islamabad today with Planning Minister Sami Saeed in the chair. The committee also expressed…

Finance Minister Dr. Shamshad Akhtar has reiterated government’s commitment to expanding the tax base and addressing energy sector issues for a robust economy. She was speaking at a meeting with members of Pakistan Business Council in Karachi today. The Minister stressed upon significance of enhancing governance and accountability in the…

Yaseen Asghar, a Pakistani merchant could not conceal his inner excitement and enthusiastically introduced special handmade mahogany products to tourists and merchants from Chinese and ASEAN countries during the 20th China-ASEAN Expo and China-ASEAN Business and Investment Summit, which is being held from September 16 to 19 in Nanning, capital…

The government increased the price of petrol by Rs26.02 per liter. The prices of petrol and high speed diesel have hit a record high in Pakistan. The caretaker federal government has increased the price of petrol by Rs 26.02 per liter and high speed diesel by Rs 17.34 per liter.…