Business
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1.1KPakistan Stock Exchange sets 13-year record, achieved highest value shares
The Pakistan Stock Exchange (PSX) has set the record by achieving the highest value of shares traded in 13 years as it hit...
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1.4K
FBR says salaried individuals not required to update tax profiles
The ‘salaried individuals’ are not required to update their ‘Tax Profiles’ under section 114A of the Income Tax Ordinance, 2001, says FBR....
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1.8K
SBP launches an FX Portal with 11 banks for end-to-end digitalization of FX requests
11 commercial banks have been selected by the State Bank of Pakistan (SBP) in its FX Portal to provide end-to-end digitalization of...
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883
Pakistan, Kuwait resolve to enhance trade, investment cooperation
Pakistan and Kuwait have expressed resolve to enhance cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT, and health sectors....
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1.4K
K-Electric join hands with Avanza Solutions for real time payment system
The K-Electric (KE) has joined hands with Avanza Solutions, one of the leading fintech organizations across the globe, to implement Real Time...
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755
Pakistan gets Geographical Indicator tag for its Basmati rice
Pakistan has received the Geographical Indicator (GI) tag for its Basmati rice, paving the way for creating a local registry for this...
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778
Pakistan seeks $12 billion under new World Bank partnership framework
The World Bank Group (WBG) has taken the initiative of preparing a new Country Partnership Framework (CPF) for Pakistan with a possible...
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1.4K
State Bank of Pakistan denies rumors of limiting ATM cash withdrawal
On Saturday, the State Bank of Pakistan (SBP) made it clear that the ATM cash withdrawal limit was not limited to Rs...
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780
BOI invites Danish investors, enterprises to bring investment in Pakistan
Danish investors and enterprises are expected to bring investment and joint ventures to Pakistan for increasing economic and trade relations between both...
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950
Govt eliminates taxes on Panda bonds, Sukuk and Eurobonds
Different types of income taxes to raise around $2 billion in debt through Pakistan’s first Chinese currency-denominated Panda bonds, Eurobonds and International...
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1.3K
Sweden invited to invest in CPEC, special economic zones in Pakistan
FPCCI has pressed for an increase in bilateral economic and trade relations between Pakistan and Sweden, it also called for an increase...
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831
‘Pakistan and Italy can lift their bilateral trade volume to $5 billion’
According to Italian Ambassador Andreas Ferrarese, massive potential exists for Pakistan and Italy to lift their bilateral trade volume to $5 billion....
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812
Public debt of Pakistan shoots up to Rs 35.8 trillion in July-Nov
As per the report revealed by the State Bank of Pakistan (SBP), the government’s federal debt raised quickly to reach the shaky...
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688
Alibaba’s Jack Ma Makes First Public Appearance Since October
The co-founder of the e-commerce giant Alibaba and renowned businessman Jack Ma made his first appearance in public who was missing since...
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786
Pakistan improves 31 positions on Trading Across Border Index: FBR
Pakistan has improved its rankings in the Trading Across Border Index by 31 positions, moving up from the 142nd to the 111th,...
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748
Remittances to Pakistan set to cross record $28 billion this year
Looking at the trend of remittances to Pakistan that remained above $2 billion mark for the seventh month in a row, totalling...
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1.7K
Pakistan plans alternate 350 km shorter CPEC route to connect China
Pakistan is going to have another major route connecting China under the China-Pakistan Economic Corridor (CPEC), the alternate route would be around...
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1.5K
SECP registered 20,324 new companies in 2020, up by 24pc compared to 2019
The Securities and Exchange Commission of Pakistan (SECP) registered 20,324 new companies in 2020, indicating an increase of 24 percent from 16,456...
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1.9K
Karachi-based Artistic Milliners acquires denim factory in California
Artistic Milliners (Pvt.) Limited, a Pakistani denim fabric and garments specialist has acquired a denim factory in Commerce, near Los Angeles, California,...
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718
Textile exports increased by 7.79 percent to $7.442 billion in July-December
Textile exports of Pakistan have reached a historic high as the exports during December 2020 has increased by 22.72 percent. Moreover, textile...
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1.5K
Chinese Century Steel to set up first mill in Rashakai SEZ
A Chinese iron and steel firm is going to become the first foreign enterprise to establish its plant in the Rashakai Special...
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1.5K
MFSYS invests Rs 50 million in Chkar — Pakistani online vacation rental marketplace
Chkar Lodging & Experiences, an online vacation rental marketplace has raised Rs 50 Million funding in its first round of seed funding...
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978
SBP declared best central bank for promoting Islamic finance
International Finance News (IFN) has awarded the best Central Bank award to the State Bank of Pakistan (SBP) in promoting Islamic Finance....
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980
Moody’s improves Pakistan’s banking sector rating, forecasts 1.5% GDP growth
Moody’s improved its rating for Pakistan’s banking sector declaring the government’s credit profile as stable and projected a modest growth of 1.5%...
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2.1K
Utility Stores Corporation records Rs 100 billion annual turnover in 2020
The annual turnover of Utility Stores Corporation of Pakistan (USC) was recorded around at around Rs 100 billion in the calendar year...
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1.8K
Three startups of Karachi University students among top 10 innovative companies
Three startups of University of Karachi students have been listed among the top 10 innovative companies of Pakistan by Japan International Cooperation...
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1.3K
Ease of doing business: Pakistan up 28 places on World Bank index
Security and Exchange Commission of Pakistan’s annual report revealed that Pakistan has improved its position on the World Bank (WB) Ease of...
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845
Pakistan earns $121.890 million from export of travel services in four months
During the first four months of the current financial year 2020-21, Pakistan has earned $121.980 million from the export of different travel...
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795
Exporters facing big difficulty as seaport overburdens
Cement exporters are facing big problems for exporting their product due to the import of sugar, wheat, and canola on a priority...
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831
‘Pakistan’s export growth indicates its efficient economic policy’
Chinese professor, Cheng Xizhong, says Pakistan’s substantial export growth is a vindication of the govt’s policy to keep economy running during pandemic....
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1.1K
KSE-100 index cross 45,000 mark for first time in 3 years
Pakistan Stock Exchange (PSX) crossed the 45,000 points mark in the KSE-100 index after a gap of three years with the share...
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677
Pakistani economy expected to grow by average 1.3% over next two fiscals: World Bank
Pakistani economic growth is expected to be subdued, averaging at 1.3 percent over the next two fiscal years, said the World Bank....
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1.4K
Pakistani digital lending fintech giant Finja raises $9 million in Series A1 round
Lahore-based digital lending fintech Finja that operates with dual licenses from SBP and SECP has closed $9 million of a $10 million...
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981
Pakistan’s textile sector has export orders for next 6 months
Pakistan’s textile businesses have received export orders for the next six months as the sector expands production capacity to meet robust demand...
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761
Look Africa Campaign: Pakistan’s trade with Africa reached $4.18bn in 2019-20
As a result of new engagement with African countries through the “Look Africa” campaign started by the government of Pakistan, Pakistan’s trade with...
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1.2K
Companies raised Rs 35.4 billion through IPOs, Right Shares at PSX in 2020
Pakistani companies have raised interest-free investment worth Rs 35.4 billion via Initial Public Offerings (IPOs) and Right Shares from Pakistan Stock Exchange...
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1.1K
Elon Musk reveals that he once tried to sell Tesla to Apple
There was once a time when tech pioneer and entrepreneur Elon Musk seriously contemplated selling his electric car business Tesla to none...
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2.2K
British American Tobacco To Set Up Business Services In Pakistan
The British American Tobacco clarifies that Pakistan setup is being established ‘in parallel to the company’s business in Malaysia’. British American Tobacco (BAT) explained that it...
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1.0K
Pakistan posts current account surplus for 5th straight month despite Covid
Pakistan’s current account posted a surplus for the fifth consecutive month in November despite the unending fear of the second wave of...
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1.5K
FBR introduces cash back refunds of sales tax to customers of tier-1 retailers
The Federal Board of Revenue (FBR) will allow customers to get five percent cash back on sales tax paid on purchases from...
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820
Bank of Punjab (BOP) becomes Market Maker for debt securities on PSX
Bank of Punjab (BOP) has become the first bank to be recognized as Market Maker for both conventional and Shariah Compliant debt...
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976
SBP launches consultation process to enhance financial inclusion of women
The State Bank of Pakistan (SBP) has adopted a medium-term national target of 20 million active women bank accounts by 2023 under...
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798
Pakistan credit profile shows robust long-term GDP growth potential: Moody’s
Moody’s Investors Service that periodically releases reviews of countries around the globe highlighting their credit ratings and other financial research in light...
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955
PTC to create over 3000 jobs with the establishment of first BPO hub in Pakistan
Pakistan Tobacco Company (PTC) is going to establish its business process outsourcing (BPO) hub in Pakistan, which will be used to cater...
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814
Large-scale manufacturing expands 6.66 percent during October
The large-scale manufacturing (LSM) sector grew 6.6 percent year-on-year during October 2020 as the construction sector showed robust recovery. According to the...
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895
SECP registers 1,956 new companies in November, up by 41pc compared to 2019
The Securities and Exchange Commission of Pakistan (SECP) registered 1,956 new companies in November, indicating a year-on-year increase of 41 percent. The...
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955
SBP grants SadaPay approval to begin pilot operations in 2021
The State Bank of Pakistan (SBP) has decided to give authorization to fintech startup SadaPay to initialize pilot operations next year. The...
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811
Electronic transactions: FBR to regulate online import and export of goods
The Federal Board of Revenue (FBR) has decided to regulate the buying and selling of goods including digital products through electronic transactions...
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3.4K
Pak-China border via Khunjerab Pass opened for 10 days
The China-Pakistan border crossing at Khunjerab Pass has been opened to allow over two dozen stranded Pakistani containers to cross over between...
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1.1K
Global consortium and China interested in investing $8 billion in Ravi City project
Chinese companies and a global investment consortium are keen to invest $8 billion in the Ravi City project in Lahore, says PM...
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811
ADB reports economic recovery in Pakistan
The Asian Development Bank (ADB) has said that the economy of Pakistan was on the path of recovery, economic activity in South...
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840
Pakistan monthly exports to China witness 30% increase in November
Monthly exports of Pakistan to China witnessed an increase of 30 percent year-on-year in November 2020, improving the trade balance between both...
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761
Pakistan to remain on UK trade preference list after Brexit
Pakistan would continue to benefit from the UK’s trade preferences scheme at par with the EU GSP Plus facility after the Brexit....
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1.8K
Here’s How You Can Create an Online Account With SECP to Invest in Stocks
A mechanism to allow all Pakistani resident and non-resident investors to open an online account linked to the capital market to invest...
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929
Pakistan records highest-ever monthly exports of $437 million to United States
Exports of Pakistan to the United States hit a record high of $437 million in the month of November crossing the $400-million...
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947
Pakistan proposes transit trade agreements among CAREC states
Pakistan has suggested transit trade agreements among the member countries of the Central Asia Regional Economic Cooperation (CAREC), leading to a regional...
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2.2K
Government discontinues Rs 25,000 national prize bonds
According to reports, the State Bank of Pakistan (SBP) has decided to discontinue the Rs 25,000 national prize bonds with immediate effect....
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972
Post-COVID-19, CPEC will become trade hub, says FO
Foreign Office (FO) in a statement said that after the coronavirus pandemic is brought under control, the CPEC would blossom into a...
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829
SBP report shows digital banking fast replacing conventional transactions
State Bank of Pakistan (SBP) on Thursday released its Quarterly Payment System Review for the first quarter of the fiscal year 2020-21,...
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1.6K
3 Pakistani companies make it to Forbes Asia’s 200 Best Under A Billion
Three Pakistani companies Systems Limited, Feroze1888 Mills and Searle Pakistan made it to the Forbes ‘Asia’s Best Under A Billion 2020’ list....
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1.7K
Sri lanka increases regulatory duty on Kinnow import from Pakistan
Pakistani fruit exporters are facing turmoil as the Sri Lankan government has increased the regulatory duty on the import of Kinnow from...
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959
Finance Ministry’s Monthly Outlook Report Indicates Strong Economic Recovery
The Ministry of Finance in its Monthly Economic Update & Outlook (November 2020) report issued on Friday presented a strong economic recovery...
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815
$8b increase in Pakistan net foreign exchange reserves since June 2019
The net foreign exchange reserves of Pakistan have increased by $8 billion since June 2019, says State Bank of Pakistan Governor Dr...
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842
Deposits Cross $100 Million in Roshan Pakistan Digital Accounts
Dr. Reza Baqir, the Governor of State Bank of Pakistan (SBP) released a statement that Pakistani living in foreign countries deposited $100...
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807
Bank Alfalah introduces PM’s Roshan Digital Account for expats in Dubai
Chairman of Bank Alfalah, introduced the Roshan Digital Account in Dubai, an initiative of the Government of Pakistan and State Bank of...
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5.0K
Blessed Friday 2020 – Best Sales & Deals In Pakistan
A substitute for Black Friday, Blessed Friday 2020 in Pakistan is going to be celebrated on Friday, 27th November with the same ‘shopping’...
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1.0K
Traders end self-ban to resume onion export as prices drop 50pc
Traders have decided to end the self-ban and restart onion export from tomorrow, November 27, 2020, after prices stabilised in the country...
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1.1K
Pakistan improves Trading across Borders rank due to TFA implementation
According to the World Trade Organization, Pakistan jumps 31 places on Trading across Borders rank due to improvement in Trade Facilitation Agreement...
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756
Pakistan exports to UK increase by 30pc, imports down by 23pc
As compared to October 2019, Pakistan exports to UK raised 30 percent amounting to $200 million from $154 million. A news report...
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750
State Bank keeps interest rate unchanged at 7 percent
The State Bank of Pakistan kept the main policy rate unchanged at 7 percent, a statement by the central bank said on...
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1.3K
Strategy is to promote industrialization, create wealth, jobs, says PM Imran
The government is working on the advancement of industrialization in Pakistan which is the way to generate jobs and create wealth and...
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917
SECP approves launch of first peer-to-peer lending platform
Securities and Exchange Commission of Pakistan (SECP) has given approval to the launch of a peer-to-peer (P2P) lending platform under the first...
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724
Elon Musk passes Mark Zuckerberg and becomes world’s third richest person
Elon Musk, the founder and CEO of SpaceX and electric car company Tesla has leapfrogged Facebook CEO Mark Zuckerberg and has now...
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885
SBP forecasts up to 2.5pc GDP growth in current fiscal year
The State Bank of Pakistan (SBP) has improved its growth outlook for the country, predicting that the national GDP will grow between...
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864
Bank Alfalah Recognized as a Market Maker by PSX
Bank Alfalah has now become the country’s first commercial bank designated as a Market Maker for Debt Securities at the Pakistan Stock...
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949
RCEP: 15 Asia Pacific countries sign world’s largest free trade agreement
Fifteen Asia Pacific countries signed the world’s biggest free trade deal which is seen as an enormous coup for China in order...
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1.2K
Pakistan’s textile hub revives as 50,000 shut power looms become operational
Faisalabad is currently experiencing a financial boom with the operationalization of 50,000 power looms and expecting the opening of another 30,000 units....
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812
PM Imran Khan Inaugurates Naya Pakistan Certificates for overseas Pakistanis
Prime Minister Imran Khan launched the much anticipated Naya Pakistan Certificates (NPCs) for overseas Pakistanis to incentivise investment. NPCs can be obtained...
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718
ADB to Provide $300 million Loan To Pakistan
In order to support the fragile foreign exchange reserves and remove barriers to imports, the Asian Development Bank (ADB) will lend $300...
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713
Remittances stay over $2bn for fifth month, October grow by 14pc
According to the State Bank of Pakistan, the country’s remittances remained above $2 billion for the fifth consecutive month in October 2020....
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877
Kashmiri silk carpets becomes a hit at 3rd China International Import Expo
Handmade Kashmiri silk carpets have gained popularity in China as the carpets became one of the best-selling products at the 3rd China...
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2.1K
Pakistan’s beauty startup Conatural raises $825,000 in Pre-Series A round
Lahore-based natural beauty startup Conatural has raised $825,000 in a pre-Series A round from experienced institutional and angel investors. Pakistan’s natural and...
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887
SECP mulls new legal framework for digital financial assets
The Securities and Exchange Commission of Pakistan (SECP) has decided to release a directive framework for guideline and monitoring of the digital and...
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1.5K
Pakistan reopens application receiving process for Kamyab Jawan Program
The government of Pakistan restarted the application process for providing soft loans to the Pakistan youth under the Kamyab Jawan Program scheme....
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1.7K
Pakistan’s fashion e-commerce startup Bagallery raises $900,000
The Karachi-based beauty and fashion e-commerce startup Bagallery has closed a $900,000 Pre-Series A funding round from Lakson Investments Venture Capital (LIVC)....
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2.1K
11.11 Sale 2020: Pakistan’s top brands join hands for Daraz Gyara Gyara Sale
This year’s co-sponsors of the Daraz Gyara Gyara Sale are top brands like OnePlus, Xiaomi, Nestle, Unilever, P&G, Haier, TCL, Huawei, Byco...
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2.3K
Pakistani rupee becomes 3rd best performing Asian currency
On Monday, the Pakistani rupee became the third best-performing currency of Asia by reaching an almost eight-month high at Rs 158.9 against...
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1.2K
CPEC brought $25 billion of FDI to Pakistan in 7 Years
CPEC has brought $25 billion worth of foreign direct investment (FDI) to Pakistan, said the Chinese Foreign Ministry spokesperson on Wednesday. Bringing...
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767
Cement Sector Records Highest Ever Monthly Despatches in October
Amid the economic revival, the cement sector has touched a record peak in October as mills dispatched 5.735 million tons to consumers....
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1.3K
11.11 Sale 2020: Daraz geared up to launch its biggest annual Gyara Gyara sale
Daraz geared up for the biggest sale event of Pakistan as the 11.11 (Daraz Gyara Gyara) is just around the corner and...
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887
Trade deficit shrinks 1.88% from July to October
The country’s trade deficit witnessed reduction of 1.88 percent during the first four months of current fiscal year (2020-21) as compared to...
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866
PM Imran announces relief package for SMEs with 50pc cut on power tariff
On Tuesday, Prime Minister Imran Khan announced a major relief package by reducing power tariff for Small and Medium Enterprises (SMEs) to...
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2.4K
Blitz Advertising becomes foodpanda’s offline media agency
To expand services across the country, foodpanda has awarded its $1.875 million offline media management agency for Pakistan to Blitz Advertising, an...
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1.3K
Pakistan gets textile orders from top brands Hugo Boss, Guess, Target
The textile sector of Pakistan which suffered heavily from COVID-19 restrictions is fast returning to the growth phase as it is receiving...
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890
Online shopping starts falling as Pakistanis tentatively step out
The trend of online shopping has started declining gradually as almost all activities in the country have been resumed and so Pakistanis...
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2.3K
PSO reports profit after tax of Rs 5.1 billion in Q1 of FY21
The state-owned petroleum corporation, Pakistan State Oil (PSO) in its financial results for the quarter ended on September 30, 2020, revealed an...
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1.6K
China Three Gorges to become first Chinese company to list subsidiary on PSX
By the second quarter of 2021, Renewable energy company Three Gorges First (TGF) Wind Farm Private (Pvt) Limited (Ltd) a subsidiary of...
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1.9K
United States working on to introduce the ‘Digital Dollar’
With the association of the Massachusetts Institute of Technology (MIT), US Federal Reserve has begun research on the development of central bank...
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834
SBP makes remitting disinvestment proceeds easier to help attract FDI
The State Bank of Pakistan (SBP) announces a new and more “transparent mechanism, with complete delegation to banks” so that remitting disinvestment...
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1.1K
10 new IPOs at PSX on the cards: Asad Umar
Asad Umar, Federal Minister for Planning, Development, and Special Initiatives said that 10 new IPOs are being planned by companies for listing...
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1.8K
Rupee at 5-month high against dollar, reducing Pakistan debt by Rs760 billion
The Pakistani Rupee is gradually gaining momentum against the US Dollar in the interbank market as it regained Rs 1.12 against the...
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816
Expensive Electricity Main Hurdle to Industrial Development, PM Imran
Expensive electricity is the main hurdle to the industrial development of small and medium-sized enterprises, said Prime Minister Imran Khan. Chairing a...
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1.2K
Textile exports increase 2.92%, non-textile exports contract 5.6% in first quarter
The exports of textile commodities witnessed an increase of 2.92 percent while non-textile exports shrank 5.63 percent during the first quarter (Q1)...
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1.2K
Oppo & Haier want to invest in first Pakistan Digital City
The spokesman of Khyber Pakhtunkhwa (KP) IT Board Danish told reporters that Chinese high-tech companies including OPPO and Haier are interested to...
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973
‘Great News’: Pakistan registers Q1 current account surplus of $792mln
On Wednesday, Prime Minister Imran Khan shared the “great news” that the country is heading in the “right direction” as Pakistan’s current...
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803
Pakistan, ITFC sign $386m agreement for oil, LNG import
On Monday, Pakistan and International Islamic Trade Finance Corporation (ITFC) signed an agreement amounting to $386 million for the import of oil...
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834
Nobel Prize in economics awarded to Paul Milgrom and Robert Wilson for auction theory
The US duo Paul Milgrom and Robert Wilson won the Nobel Prize in Economics for their contributions to auction theory. According to...
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1.1K
Govt issues foreign currency account rules to curb forex buying from open market
According to the foreign currency rules of 2020, there could be no depositing of foreign currency in any person’s foreign currency account,...
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942
Rs1.4 billion disbursed under Kamyab Jawan Programme
The government has so far disbursed soft loans amounting to Rs 1.4 billion among qualified entrepreneurs under the Youth Entrepreneurship Scheme (YES)...
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1.1K
Remittances to Pakistan rise to record $7.1 billion in 1st FY21 quarter
Overseas Pakistanis sent record $7.1 billion remittances in the first quarter of the fiscal year 2021 (July to September), the State Bank...
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968
World Bank predicts 0.5% growth in FY-21, poverty to increase in Pakistan
World Bank is predicting a mere 0.5 percent growth in the current fiscal year and due to COVID-induced economic uncertainty poverty may...
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2.2K
Pakistani entrepreneur opens takeaways in London phone booths
Tayyab Shafiq, 25 years of Pakistani entrepreneur has launched the smallest takeaway serving delicious Pakistani food in three used London phone booths....
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993
Pakistan approves three new SEZs in Islamabad, Punjab and Sindh under CPEC
On Wednesday, Prime Minister Imran Khan approved three new Special Economic Zones (SEZs) that include National Science & Technology Park, Islamabad, JW-SEZ...
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1.1K
Govt committed to socio-economic development of Gilgit-Baltistan
Muhammad Jehanzeb Khan, Deputy Chairman Planning Commission said that the government is fully committed to achieving political stability and socio-economic development of...
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1.5K
Pakistani cotton yarn export to China rise over four times
The export of Pakistani cotton yarn to China has increased by 4.36 times to $41.836 million in August from the same period...
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1.7K
US, UK and China remain top export destinations for Pakistan during August
US is still the biggest export destination for Pakistan during August 2020, followed by United Kingdom (UK), China and UAE. In August...
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1.9K
Punjab launches Rs30bn Rozgar Scheme to facilitate entrepreneurs
Punjab government has launched one of its kind financial programme to facilitate entrepreneurs a program named as ‘Punjab Rozgar Scheme’ designed to...
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1.2K
Bykea raises $13 million in Series B Funding led by Prosus Ventures
The motorcycle-based ride hailing and parcel delivery startup based in Pakistan Bykea has raised $13 million in a Series B funding led...
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1.7K
Marble industry seeks govt support to boost exports, jobs
On Tuesday, the All Pakistan Marble Industries Association sought the support of the government for the development of the marble industry that...
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1.2K
Cotton prices increased as Pakistan receive bulk foreign orders post Covid-19
There is a spike in cotton prices as Pakistan is among the world’s top recipients of foreign orders post Covid-19 shutdown. The...
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1.6K
Businessmen keen to invest in Bundal Island, Ravi Riverfront projects, PM Imran told
On Thursday, a delegation of top businessmen of Pakistan called upon Prime Minister Imran Khan and expressed their keen interest to invest...
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1.4K
Female fitness startup AimFit raises $1 million to scale across Pakistan
Pakistani female fitness startup AimFit has raised $1 million in a seed round led by Indus Valley Capital, a Pakistan-focused VC fund...
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1.7K
Pakistan posts current account surplus for the second month
On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...
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1.2K
CPEC Rashakai SEZ: A gateway to industrialization to create over .5 million jobs
Khyber Pakhtunkhwa, which shares a border with Afghanistan and regarded as a gateway province to Central Asia is looking to reap the...
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1.1K
Pakistan approves three border markets to formalize trade with neighbours
Pakistan approves establishment of three markets as a pilot project along its border with Afghanistan and Iran to simultaneously boost trade with...
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1.2K
State Bank of Pakistan keeps policy rate unchanged at 7pc
On Monday, the State Bank of Pakistan decided to keep its policy rate unchanged at 7 percent in its new monetary policy....
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1.1K
Pakistani banks lost billions of rupees in over a dozen cyberattacks
Dr. Inayat Hussain the Executive Director of the Banking Supervision Group in the State Bank of Pakistan has revealed that the Pakistani...
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903
FDI increases by 40% in first two months of FY21
According to the State Bank of Pakistan’s (SBP) data, the FDI in the first two months of the ongoing fiscal year FY21...
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2.1K
Govt launches Naya Pakistan Certificates for overseas Pakistanis
The Finance Ministry announced on Twitter that the sale of conventional Naya Pakistan Certificates started from 14 September 2020, via agent banks....
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1.2K
PM launches ‘Roshan Digital Account’ for overseas Pakistanis
The Prime Minister of Pakistan Imran Khan recently launched the ‘Roshan Digital Account’, an initiative that will assist millions of overseas Pakistanis...
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2.1K
Karachi restaurants boycott foodpanda over unfair practices
On Tuesday, All Pakistan Restaurant Association (APRA) in protest over the unfair practices has decided to boycott the food delivery service foodpanda...
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930
V-shaped economic recovery confirmed as COVID weakens in Pakistan
On Tuesday, Asad Umar Federal Minister for Planning, Development, Reforms, and Special Initiatives said that Pakistan is witnessing a V-shaped economic recovery...
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783
UK export finance limit for Pakistan increases to £1.5 billion
The British government’s credit financing agency UK Export Finance increases its financing limit to £1.5 billion for UK businesses looking to invest...
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1.0K
Businesses in Pakistan are gaining momentum as Covid cases taper off
The businesses in Pakistan are gaining momentum after the eradication of Covid from the country that contracted the economy for the first...
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1.2K
Loss of Rs 50 billion is expected with divestment of government shares in OGDCL, PPL
Government plans divestment of government shares in OGDCL, PPL and MPCL and according to experts a loss of Rs 50 billion is...
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1.1K
Pakistan, China to ink Rashakai SEZ agreement today
Pakistan and China will ink an agreement on the development of the Rashakai SEZ under the China-Pakistan Economic Corridor (CPEC). The agreement...
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2.1K
Forbes lists Pakistan-born Shahid Khan as 66th richest man in the United States
Shahid Khan the Pakistan born American has been featured as the 66th richest man in the United States with a net worth...
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1.6K
Japanese businessmen to invest $100mln in Pakistan
Pak Japan Business Council (PJBC) informs that Japanese businessmen are keen to invest at least $100 million in different industrial zones in...
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1.9K
Australian iron ore company Fortescue Metals keen to invest in Pakistan
According to a statement from the Prime Minister’s Office, on Monday, Australian iron ore giant Fortescue Metals expressed its keen interest to...
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876
Exports, tax revenue has increased as COVID-19 wanes in Pakistan, says Hafeez Sheikh
On Monday, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that FBR revenue has improved and there has been an...
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1.7K
SECP Orders Companies to Stop Dealing in Cryptocurrency
The Security and Exchange Commission of Pakistan (SECP) has instructed all companies and Limited Liability Partnerships (LLPs) to stop dealing, trading, using,...
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867
FBR tax collection jumps to Rs 593 billion for July, August
Federal Board of Revenue (FBR) collected Rs 593 billion tax against the assigned target of Rs 551 billion, an addition of Rs...
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2.0K
OPTP and foodpanda enter into strategic partnership for global and local expansion
Pakistani’s number one food delivery platform Foodpanda enters into a strategic partnership with OPTP as their main delivery services partner for local...
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2.0K
Pakistan Stock Exchange named the best performing market in Asia
The Pakistan Stock Exchange (PSX) has been declared the best performing market in Asia after it recently emerged as the top performing...
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2.0K
Investment in Pakistani Startups Increased by 63% in H1 2020
MAGNiTT released H1 report named “Pakistan Venture Investment 2020 Snapshot,” in which Dubai based platform revealed that investment in Pakistani startups has...
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1.6K
Bata Reports Loss as Retail and Wholesale Business Takes a Hit
Bata, Pakistan’s one of the leading shoemaker company also faced the wrath of Covid-19 pandemic as its retail and wholesale business reported...
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1.1K
Karachi rain disaster caused Rs 50 billion loss to traders
Traders association says that the rain disaster in Karachi has caused heavy losses and the estimated initial loss from the monsoon rains...
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993
The curious case of increasing debt of Pakistan
According to the finance ministry spokesperson, Mohsin Chandna, the total Pakistan public debt, which is the sum of domestic and foreign loans,...
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2.2K
Pakistan to import red kidney beans from Ethiopia
The ban to import red kidney beans has been lifted and approval has been given by the government to import red kidney...
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900
PM Imran Khan assures maximum facilitation for exporters
On Wednesday, Prime Minister Imran Khan said that the government will extend maximum facilitation to exporters to increase the exports of Pakistan....
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1.3K
Balochistan establishes facilitation center for investors in Islamabad
To provide information and to facilitate the investors in Balochistan, a facilitation center has been established in Islamabad. Such centers will also...
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1.9K
Pakistan emerges as top performing Asian stock market
Pakistan has emerged as the top performing Asian stock market since the beginning of the fiscal year 2021 after a slew of...
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909
PM Imran asks Chinese businesses to establish offices in Pakistan
On Monday, Prime Minister Imran Khan asked Chinese businesses to establish their regional business offices in Pakistan. The prime minister emphasized the...
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1.1K
Standard & Poor’s keeps rating long-term outlook for Pakistan as ‘stable’
Standard & Poor’s Global Ratings maintained Pakistan long-term outlook as stable. S&P also declared ‘B-’ long term issue rating on the basis...
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1.2K
PM Imran announces $424mn current account surplus for July
Pakistan’s current account swung into a surplus of $424 million for July, which is the fourth monthly surplus since last October, announced...
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1.3K
Pakistan exceeds mango export target by 45,000 tons
Despite all the challenges arising from COVID-19 pandemic, Pakistan has surpassed its mango export target by 45,000 tons. The All Pakistan Fruit &...
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989
FBR speeds up operation after detecting Rs 134.453 million sales tax evasion scam
Federal Board of Revenue (FBR) chairman Javed Ghani released a statement in which he directed the bureau officers to tighten their operations...
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1.6K
SBP increases loan limit to Rs5mn for women entrepreneurs
State Bank of Pakistan (SBP) increases the supporting loan limit for women entrepreneurs from Rs 1.5 million to Rs 5 million. Taking...
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1.3K
Made in Pakistan Initiative: Pakistan approves export of N95, surgical masks
In a yet another boost to the Made in Pakistan initiative, Pakistan has allowed the export of locally manufactured N95 & Surgical...
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1.4K
CPEC is transforming Pakistan’s remote Gilgit-Baltistan
The China Pakistan Economic Corridor (CPEC) is transforming the remote Gilgit-Baltistan into a lucrative business hub of Pakistan. Gilgit-Baltistan was once known...
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1.4K
PTI Government recalls economic achievements during two years tenure
Advisor to Prime Minister Imran Khan on Finance and Revenue Abdul Hafeez Sheikh highly acknowledged the economic progress made during the two...
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898
Pakistan recorded ‘highest-ever’ remittances in July: PM Imran
On Monday, Prime Minister said that Pakistan has recorded the highest ever remittances from overseas Pakistanis in July 2020. Prime Minister Imran...
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1.2K
Moody’s confirms ratings of five Pakistani banks as stable
On Tuesday, Moody’s Investors Service confirmed the B3 long term local currency and Caa1 foreign currency deposit ratings of five Pakistani banks....
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1.4K
State Bank of Pakistan increases loan limits to Rs 3 million
The State Bank of Pakistan has increased the loan limits for housing finance and small enterprise from Rs 1 million to Rs...
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1.4K
Pakistan’s economy is stabilizing owing to improvements in various sectors
Despite a lot of internal and international problems, Pakistan’s economy is stabilizing and has witnessed good progress in various sectors. The current...
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1.3K
Punjab, Sindh and KP return to pre-Covid routine, withdraw lockdown orders
Punjab, KP and Sindh governments have issued notifications to lift all province-wide lockdown orders and allowing the reopening of most businesses citing...
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958
Industries and factories in Punjab allowed to work 24/7
The government of Punjab has decided to permit industries and factories to work as per normal routine due to the bettering condition...
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1.5K
Pakistan Pay Back $1 Billion Saudi Loan
Pakistan paid back $1 billion out of a $3 billion loan that it secured from Saudi Arabia one and a half years...
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1.4K
After months of downfall, Pakistan exports grow 5.8 percent in July
The exports of Pakistan which were at a downfall for a gap of 4 months from March due to COVID-19 lockdown have...
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937
With Covid-19 in Decline Economic Activities to be Accelerated in Punjab
Punjab government wants to get the benefit of the decline in coronavirus cases particularly by speeding up economic activities. Special cabinet committee...
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2.5K
Pakistan all set to enter global olive oil market
Pakistan is now prepared to be the part of those countries which have a reasonable share in olive oil in the international...
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1.1K
Covid-19 fallout: KP unveils economic recovery plan ‘Azam-E-Nou’
3 years of economic recovery plan has been unveiled by the Khyber Pakhtunkhwa Planning and Development Department to deal with post-pandemic circumstances,...
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1.6K
State Bank seeks to expand Islamic banking in Pakistan
Instructions are issued to banks by the State Bank of Pakistan to expand the scope of Islamic banking operations to 25 percent...
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942
Cabinet forms commission to investigate recent petrol shortage
The federal cabinet has approved setting up a commission to investigate and take action against the recent shortage of petrol in the...
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949
Khyber Pakhtunkhwa gives Rs 8 billion tax relief to construction industry
The Khyber Pakhtunkhwa government approves 8 billion rupees tax concessions for the construction sector on property transfer. Under the tax relief package,...
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2.8K
Foodpanda Pakistan has partnered with TPL Maps
Pakistan’s leading food delivery platform Foodpanda has partnered with TPL Maps that is a licensed digital mapping company of Pakistan. Partnering with...
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1.7K
FDI in Pakistan jumps 88pc to reach $2.56 billion
FDI in Pakistan jumped by 88 percent in fiscal year 2020 to $2.56 billion with major investments coming in the telecommunication and...
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1.6K
Amazon launches smart shopping cart to avoid long queues
E-commerce giant Amazon comes with another handy solution to solve the problem of long queues in supermarkets by introducing a smart shopping...
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1.3K
Resumption of marriage halls businesses demanded
Owners of marriage halls in Lahore staged a protest rally for not permitting them to reopen their businesses during the coronavirus pandemic....
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1.1K
Reopening of the cottage industry and restaurants demanded
The RCCI and PCSTI wants the government to focus on the grievances of the cottage industry, furniture retailers and restaurants amid Covid-19...
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1.2K
IT, ITeS export remittances grow 20.75 percent as per PSEB report
The Federal Minister of Information Technology revealed on Twitter that IT and IT-enabled services export remittances including computer and call center services...
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955
Remittances hit all-time high of $23.12 billion in FY20
Workers’ remittances flowing into Pakistan jumped by 6 percent to an all-time high of $23.120 billion in the full FY20 as overseas...
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1.4K
China to install phytosanitary facilities, build agriculture institutes in Pakistan
China plans on installing phytosanitary facilities in Pakistan to boost the fruit export, besides constructing vocational and technical agriculture institutions to educate...
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1.8K
Uber Buys Food Delivery Service Postmates for $2.65 Billion
Uber finally got its food delivery company by acquiring the food delivery start-up Postmates for $2.65 billion following the failure of buying Grubhub. Postmates will continue to operate under...
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1.7K
Japan allows import of mangoes, keen to import basmati rice from Pakistan
Japan has temporarily allowed import of mangoes from Pakistan and shown interest in importing basmati rice from Pakistan. Japan has also shown...
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2.0K
Facebook Shops set to streamline online shopping
Online shopping experience is getting sophisticated as Facebook has launched Facebook Shops, where businesses can now turn their Facebook and Instagram posts into...
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1.3K
Government planning to set up Gemstone City in Islamabad
The federal government is planning to build a gemstone city in Islamabad, featuring easy access to attract foreign investment and exports in...
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1.1K
ECC allows private sector to import wheat
The Economic Coordination Committee (ECC) of the Cabinet has allowed the private sector to import wheat to control prices of wheat and...
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1.2K
Coronavirus will not delay in CPEC progress, says Asim Bajwa
Chairman China-Pakistan Economic Corridor Authority and SAPM on Information and Broadcasting Lt Gen (retd) Asim Saleem Bajwa said despite the coronavirus pandemic,...
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1.3K
Pakistan receives first Afghan export since pandemic began
Pakistan received the first Afghan export via three major border points after nearly three months since the COVID-19 pandemic hit the country. After almost 3 months of coronavirus pandemic, Pakistan received...
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1.4K
Pakistan set to register 38 exporters with Amazon
In an effort to open up the e-commerce market to the outside world, Pakistan has sent a list of 38 exporters to Amazon for registration. Abdul Razzaq Dawood’s...
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1.4K
OGRA responsible for petrol shortage in the country: LHC
Lahore High Court Chief Justice Muhammad Qasim Khan took notice of the shortage of petrol and expressed his displeasure over the performance...
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1.1K
Sale of wheat to flour mills to start before time this year
The federal government has decided to start the sale of wheat to the flour mills from the already available stock with the...
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1.1K
CM Sindh unveils Rs 1.241tn budget amid protest
Sindh Chief Minister Murad Ali Shah presented the provincial budget for the financial year 2020-21 with estimated expenses of more than Rs...
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1.2K
Shahbaz Demands Public Works Program in Country
President Pakistan Muslim League (N) has exhorted to start the public works program immediately and asked to reduce the rate of interest...
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1.1K
PM directs chief secretaries to control prices of essential items
PM Imran Khan said that the objective of the reduction in prices of petrol and diesel was to give relief to the...
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2.4K
PomPak, Pakistan first financial learning game
PomPak is the first online financial literacy game based on financial learning which is a project of State Bank of Pakistan. The...
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1.3K
Bureaucracy blamed for petrol shortage
Refineries and oil companies blamed the bureaucracy for the recent petrol shortage in Pakistan which continued for 2 weeks. The country faced...
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1.0K
Federal budget 2020 is industry-friendly but no relaxation for traders
The federal budget is economy and industry-friendly in which more relaxation of taxes has been given to the local manufacturing sector. Relaxation...
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1.2K
Punjab to facilitate small businesses despite uncertainty
Punjab plans to increase its development spending by cutting taxes and implementing an economic provocation to facilitate small businesses in its budget...
