Business
-
30PBC, UNICEF agree to promote gender equality and family friendly policies in workplace
The Pakistan Business Council (PBC) and the United Nations Children’s Fund (UNICEF) have penned down a Memorandum of Understanding (MOU) in a...
-
41IT Ministry and Ignite launch 6th National Incubation Center in Hyderabad
The Ministry for Information Technology and Telecom (MOITT) and Ignite National Technology Fund have successfully launched their 6th National Incubation Center (NIC)...
-
172China’s Hunan Sunwalk to invest huge in Pakistan’s telecom and fiber infrastructure
A multi-billion dollar Chinese company Hunan Sunwalk Group is striving to invest in telecom infrastructure and fiber business in Pakistan, specifically in...
-
84Government will hold OIC Trade Fair to enter untapped markets
The Trade Development Authority of Pakistan (TDAP) is looking forward to organizing single-country exhibitions in potential non-traditional markets for introducing and encouraging...
-
107Small and medium-sized enterprises can benefit greatly from CPEC
China Pakistan Economic Corridor (CPEC) can significantly benefit small and medium-sized enterprises (SMEs), which are essential to economic empowerment, reported media. In...
-
356Standard Chartered brings record half-yearly operating profit of Rs 22 billion
Standard Chartered Bank Pakistan Limited (SCBPL) posts a record half-yearly profit before tax of PKR 22.0 billion, showing an improvement of 84...
-
230Systems Ltd and Highnoon Laboratories make it to Forbes list for a third time
Two Pakistani firms, Highnoon Laboratories, and Systems Ltd, have made their place to Forbes’ coveted ‘Asia’s Best Under a Billion list for...
-
98Planning Minister directs to start cargo shuttle service from Lahore to Karachi
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal issued directives to the concerned stakeholders to initiate a cargo shuttle service...
-
86State-of-the-art industrial zone will be established over 1,200 acres in Sialkot
Punjab Industrial Estates Development and Management Company (PIEDMC) has announced to establishment modernized industrial zone on 12 hundred acres at Suhan Wali...
-
212Pakistan Software Export Board to set up first Sales Launch Pad in Saudi Arabia
In a bid to enhance IT exports, Pakistan Software Export Board (PSEB) has decided to develop “Sales Launch Pads” in several key...
-
122China offered to set up industry at Dhabeji special economic zone for export purpose
Federal Minister for Industries and Production, Syed Murtaza Mahmud on Thursday offered China to establish its industry on the land of 1,500-acre...
-
131Systems Limited listed in Forbes Asia’s Best Under A Billion for third time in a row
Pakistan’s leading information technology consulting and services company, Systems Limited, has made history by becoming Pakistan’s only tech enterprise to be named...
-
106Pakistani freelancers earned $397 million from abroad during FY21-22
Pakistani freelancers have produced export revenue of $397.328 million during FY2021-22 at a growth rate of 2.74%. This comprises IT-related exports of...
-
160SECP to take legal action over unauthorized access of companies’ data
The Securities Exchange Commission of Pakistan (SECP) on Thursday announced to start all legal resources against those involved in unauthorized access of...
-
258Pakistan’s five-year export strategy unveiled with focus on 10 priority sectors
The Commerce Ministry and the Trade Development Authority of Pakistan (TDAP) revealed a complete National Priority Sectors Export Strategy (NPSES) for Pakistan in order to achieve the country’s ambition...
-
117Jameel Ahmad appointed SBP governor for five years
Jameel Ahmad has been appointed as the State Bank of Pakistan (SBP) governor for five years, the federal government announced on Friday. ...
-
560SECP introduces new registration regime for digital-only insurers and microinsurers
A registration regime for digital-only insurers and dedicated micro-insurers has been launched by the Securities and Exchange Commission of Pakistan (SECP) aiming...
-
140CPEC to boost digital economy in Pakistan underdeveloped areas
The underdeveloped areas have also got benefits through the China-Pakistan Economic Corridor (CPEC), which runs from Khunjerab to Gwadar. Pak-China cooperation would...
-
135Pakistan’s large-scale manufacturing grew 11.7% in FY22
The Large Scale Manufacturing Industries (LSMI) output has recorded an increase of 11.7 percent in the last fiscal year 2021-22 (FY22) when...
-
125Healthy ready-to-eat product seller Powerfoods secured investment
After the huge awareness of healthy eating and nutritional foods across the globe, a local husband and wife team, Syed Salahuddin and...
-
273Amazon shuts down over 13,000 Pakistani accounts due to fraud
According to reports, Amazon has terminated more than 13,000 Pakistani seller accounts over suspicions of fraud. Due to previous government backing through Pakistan...
-
1.9KSECP introduces digital asset management companies to facilitate investors
The Securities and Exchange Commission of Pakistan (SECP) initiated the concept of Digital Asset Management Companies (AMCs) to encourage financial inclusion and...
-
185SECP registered 26,502 new companies in FY22
The Securities & Exchange Commission of Pakistan (SECP) has registered 26,502 new companies during Fiscal Year 2021-22 (FY22), showing an increase of...
-
159ADB projects Pakistan’s economy to recover slightly in FY23
The Asian Development Bank (ADB) has predicted that Pakistan’s economy will “recover slightly” during the fiscal year 2022-23 (FY23) on the account...
-
156Pakistan’s large scale manufacturing grew 11.7% in 11MFY22
Output from the Large Scale Manufacturing Industries (LSMI) showed a growth of 11.7 percent during July-May 2021-22 (11MFY22) when compared to the...
-
158Rupee nosedives to 225 against dollar due to renewed political volatility
Rupee dropped to a new all-time low of Rs 224.92 against the US dollar in the interbank market as the nation’s currency...
-
189Bahrain’s Rain Financial exchange seeking to start crypto trading in Pakistan
Bahrain-based Rain Financial, a well-known trading platform for cryptocurrencies, is encouraging the domestic regulators to issue a legal framework for the enactment...
-
220Funding into Pakistani startups dipped 40% since PM Shehbaz took office
Startups in Pakistan succeeded to earn $103.8 million in 22 deals in the April-June quarter, which decreased around 40 percent from the...
-
150Pakistan’s KSE-100 Index sees largest decline after 8 quarters
Pakistan’s benchmark KSE-100 Index witnessed largest decline after eight quarters where index was down by 8% on quarter-on-quarter basis. The index fell...
-
214Saudi business delegation in Pakistan to explore investment, joint ventures
Saudi businessmen have all their eyes on finding trade and investment opportunities in Pakistan, they expressed their will to work together. According...
-
150Sindh, Punjab and Islamabad markets to close at 9 pm to save electricity
The Sindh and Punjab governments and Islamabad administration have decided to close down all markets at 9 pm as the country witnesses...
-
186In first month of PML-N-led govt, Large Scale Manufacturing shrank by 13.3%
During the first month of the PML-N-led coalition government, the Large-Scale Manufacturing (LSM) decreased by 13.3 percent month-on-month in April, as per...
-
220HBL becomes the first Pakistani bank to provide payment services on WhatsApp
HBL is the first bank in Pakistan to provide ‘full-featured’ banking services over WhatsApp. E.Ocean, a well-known cloud communication service provider, collaborated...
-
216B2B marketplace Dastgyr raises $37 million making it Pakistan’s largest series A round
Dastgyr, a Pakistan-based B2B e-commerce marketplace, has raised USD 37 million in Series A funding led by Veon. On Tuesday, it was...
-
1.8KNon-resident Pakistani businessmen will now have to file tax returns
The criteria for non-resident Pakistani businessmen have been changed as they would now be required to file their income tax returns to...
-
187Bitcoin fell below $20,000 for the first time since December 2020
The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking below $20,000 for the first time since December 2020. This...
-
410Total companies registered by SECP goes up to 169,919 till May 2022
In May 2022, the Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies, bringing the total number of businesses registered...
-
558Khaadi fashion brand secures $25 million investment from IFC
The International Finance Corporation (IFC) has decided to invest $25 million in one of the country’s top fashion retailers Khaadi for creating...
-
355How to speed up your dreams with the Binomo platform
How to speed up your dreams with the Binomo platform In this review, we’ll discuss all about how traders in Pakistan can...
-
3004 Pakistanis make it to Forbes 30 under 30 Asia list for 2022
Four Pakistanis have been named to the Forbes 30 under 30 Asia list for 2021. These Pakistani youngsters have been recognized for...
-
174What is four-day working week and why it may save Pakistan billions of dollars?
Amid increasing oil consumption and import bill because of international price hikes, the cash-strapped government is looking for the possibility of conserving...
-
197Pakistan can generate $90 million per year by imposing 15% tax on crypto trading
A key international crypto company recommended the Pakistan government imposition of tax on crypto assets and frame guidelines in this respect. Aatiqa...
-
1438 Tips For Launching A Successful Digital Product To The Market
The digital world has transformed the way businesses operate and has given new impetus to entrepreneurs. It is a platform where businesses...
-
301Street vendor earns average Rs 114,708 per month and 29% of which is profit
Researchers discovered that the average earnings of a street vendor in Pakistan is Rs 114,708, with 29 percent profit, while suggesting that...
-
306Health-tech platform MEDZnMORE raises $11.5 million Pre-Series A funding
The company proclaimed that it has accomplished its Pre-Series A round marking the highest investment in health tech to date. MedznMore has...
-
271Lucky Cement consolidated earnings at Rs 26.53 billion in 9 months
Lucky Cement Limited has earned a net profit of Rs 26.53 billion during the last nine months of 2021, as per the...
-
419Fauji Fertilizer achieved net profitability of Rs 6.24 billion in Q1 2022
Fauji Fertilizer Company (FFC) Limited, Pakistan’s leading urea manufacturer, reported a profit after tax of Rs. 6.24 billion for the quarter ending...
-
443Meezan Bank surpasses HBL to become second most profitable bank after UBL
United Bank Limited (UBL) reported a net profit of Rs 9.394 billion for the quarter ended March 31, followed by Meezan Bank...
-
223SECP registered 2,354 new companies in March
The Securities and Exchange Commission of Pakistan (SECP) has done the registration process of 2,354 new companies in March 2022, making the...
-
366Number of companies registered by SECP reached 158,537 till end of 2021
The Securities and Exchange Commission of Pakistan (SECP) struck off over 3,000 inactive companies from its books during the period of December...
-
410B2B e-commerce startup Jugnu raises $22.5 million in Series A Round funding
Pakistan-based Jugnu, a B2B E-commerce startup, has succeeded to raise US$22.5 million. The Series A round was headed by Saudi-HQ’d and MENAP servicing B2B...
-
410Pakistani startups raised staggering $563.5 million in 255 deals since 2015
Pakistani startups have raised $563.5 million in 255 deals from the year 2015. Only in 2021, 83 deals raised $350 million, revealed...
-
340Bank financing to SMEs jump by 20% to Rs 524 billion in second quarter
Bank financing to small and medium enterprises (SMEs) has jumped by 20 percent quarter-on-quarter in October-December 2021. The PTI government has been...
-
429Himalayan Chef Grocery Shopping: A One Stop Solution For Your Kitchen Needs!
Imagine you have had a very long rough day at work; you come back home, open up your pantry to cook something....
-
395Apple, Google, Netflix and IKEA join the growing list of companies pulling out of Russia
A number of private global companies have found their own ways to hit back against the invasion as sanctions against Russia rack...
-
426E-Tijarat portal launched to support entrepreneurs, freelancers
E-Tijarat, Pakistan’s first e-commerce online portal, was launched by Prime Minister Imran Khan to boost trading while also assisting the government in...
-
441The best places to mine Bitcoin and earn money
As we all know by now, Bitcoin (BTC) is a currency of the likes we’ve never seen before. It’s an entirely new...
-
21950pc drop in Kinnow export feared
Greater shipping charges, absence of refrigerated containers, and substandard quality of the crop are trouncing the Kinnow export this season. According to...
-
575‘Business friendly environment top priority of Punjab’
Guaranteeing a business-friendly environment is the topmost priority of the Punjab government and the business community will not experience any problem in...
-
424E-commerce policy to target $5 billion trade, 1 million jobs during 2022
The federal government has approved e-commerce policy and finalized its plan to inaugurate the first-ever virtual e-commerce university. Senator Aon Abbas, the...
-
469Much awaited National SME policy hoped to create Pakistan’s own silicon valley
The National Small and Medium Enterprises – SME Policy has been launched and hopefully the country would see the benefits of this...
-
784Board of Investment implements 100 reforms to facilitate businesses
Out of 168 proposed reforms, the Board of Investment (BOI) has completed 100 reforms which aim to identify, simplify, modernize the regulatory...
-
444IT ministry proposes tax exemption for freelancers for the next 10 years
To enhance ease of doing business and boost exports, the Ministry of Information Technology and Telecommunication has recommended a 10-year tax exemption...
-
748Khyber Pakhtunkhwa attracts $8 billion investment at Expo Dubai
The government of Khyber Pakhtunkhwa (KP) signed 44 agreements worth more than $8 billion at the Dubai International Expo 2020 to attract foreign...
-
413Oman invites Pakistanis to invest in its core five sectors
Pakistan has been welcomed to invest in core five sectors of Oman, i.e., mining, logistics, tourism, food security and industrial growth. During...
-
582Binance joins hands with Pakistan for busting $100 million crypto scam
Binance has made contact with the Federal Investigation Agency’s (FIA) of Pakistan and committed full cooperation in the probe of a mega-scam...
-
897Hunarmand Nojawan, Facebook to train 10,000 females in micro-entrepreneurship
Punjab’s Technical Education and Vocational Training Authority, in collaboration with Meta formally known as Facebook had trained 3,000 women and were planning...
-
407Banking sector assets rise 21% to Rs 28.8 trillion in 12 months
The total assets of the banking sector rose 20.9 percent to Rs 28.790 trillion till September 2021 against Rs 23.808 trillion in...
-
483Pak-China Business Investment Forum launched with 18 Chinese, 19 Pakistani companies
Chinese Foreign Ministry Spokesperson Wang Wenbin addressing a press conference lauded Pakistani authorities over the launch of Pak-China Business Investment Forum (PCBIF)....
-
669First Islamabad-Istanbul cargo train reaches Turkey via Tehran in 13 days
The first cargo train between Istanbul and Islamabad via Tehran (ITI) reached Ankara via Lahore, Taftan and Zahedan, completing its journey in...
-
462Pakistan launches national pavilion on China’s e-commerce platform JD
Pakistan’s National Pavilion on JD.com, China’s e-commerce platform has been inaugurated, intended to provide a platform to Pakistani and Chinese dealers for...
-
542Collateral-free Asaan Finance Scheme by State Bank will be a game changer for SMEs
Governor of the State Bank of Pakistan (SBP) Reza Baqir said that the SBP Asaan Finance Scheme (SAAF) will be a game-changer in...
-
737Non-textile exports jump 25% to $4.61 billion in five months
Country’s non-textile exports grew 24.59 percent year-on-year to $4.61 billion in the first five months of the current fiscal year. The government...
-
495Government to aid around five million small businesses under new SME policy
The government revealed the new Small and Medium Enterprises (SME) Policy 2021-25, with the aim to promote nearly five million businesses via...
-
549IPOs of eight new companies raise record Rs 20 billion in 2021
Almost eight companies went public in 2021, which records the maximum number of offerings within a year since 2015. The afresh registered...
-
502Services export rises 24% to $2.122 billion in first four months
Services export has been risen by over 24.25 percent year-on-year to $2.122 billion in the first four months of the current fiscal...
-
914Coca-Cola to inaugurate $50 million greenfield plant in February, 2022
Coca-Cola Icecek Pakistan on Monday said the $50 million greenfield project in the Haripur district of Khyber Pakhtunkhwa would be completed by...
-
414Import bill of 30 items rise 142% in November
The import bill of 30 items reached Rs 696.346 billion during November as compared to Rs 287.131 billion during the same month, last year,...
-
558Pakistan sets up gems and jewellery export promotion authority
The federal cabinet has approved the establishment of the “Pakistan Gems and Jewellery Export Promotion Authority”, the draft would be presented before...
-
379Exports, imports see record rise in 1QFY22
Imports and exports both touched the highest-ever level in the first quarter of fiscal year 2021-22 (1QFY22) which persuaded the government to...
-
623Data shows Pakistan economy entering ‘fast recovery’ period
A chain of statistics issued by authoritative international agencies and the government of Pakistan reveals that currently, Pakistan’s economy is arriving at...
-
579Foreign direct investment falls 12% to $662 million during first four months
During the first four months of current fiscal year, foreign Direct Investment (FDI) decreased by 12 percent which stood at $662 million as...
-
699State Bank warns banks against currency speculation
The State Bank showed severe concerns over speculation by banks in the currency business, stating they were indulged in the multibillion-rupee game. ...
-
528BOI starts E-Kachehry on regular basis for interacting with investors
The Board of Investment (BOI) has initiated to conduct e-kachehry programs regularly for a purpose to resolve investment associated subjects. The interaction program...
-
595SBP jacks up interest rate by 150 basis points to control rising inflation
The State Bank of Pakistan (SBP) increased its benchmark policy rate by 150 basis points on Friday, in line with market expectations,...
-
350Trade deficit with nine regional countries widens to $3.18 billion in first quarter
Exports of Pakistan to nine neighbouring countries rose by 31.56%, however, the imports from these countries also went up by 42.6% in the first...
-
483Salary-advance startup Abhi raises funds at $40 million valuation
Abhi, a Karachi-based salary advance startup has outstretched capitals at a $40 million assessment only four months after introducing its business, reported Bloomberg. ...
-
580Eight sectors record double-digit growth in exports
Almost eight sectors recorded double-digit growth during the first four months of the current fiscal as compared to these months of the last...
-
536Pakistani mango exports to China increase tenfold to 37.4 tonnes in Jan-Sept
Pakistani mango exports to China saw an increase of more than 10 times as Pakistan sent 37.4 tonnes of fresh and dried mangoes...
-
570Goods worth $3.76 billion sent to top export destinations US, China, UK in four months
The United States, China, and the United Kingdom (UK) continued to be the top three export destinations of Pakistani merchandise in the...
-
611Daraz breaks 11.11 record, serving 14 million e-commerce shoppers
Daraz, the major e-commerce marketplace in South Asia, has revealed an 11.11 breaking record, having more than 14 million e-commerce consumers visiting...
-
346Pakistani exports to China to be doubled in next 3-5 years
Pakistan’s exports to China will double over the next three to five years because of the growing attention of local traders and...
-
396Export of services rises by 23% to $1.572 billion in Q1
Over 23 percent growth of Pakistan’s export of services has been recorded in the first quarter of the current financial year from...
-
408SMEs likely to get Rs 60 billion collateral-free lending from eight banks
State Bank of Pakistan has selected eight banks to get financing at 1 percent for onward lending to SMEs at a maximum end-user rate...
-
359Mounting imports push trade deficit up 103% in 4 months
The first four months of the current fiscal year (4MFY22) posted a rise of more than 103 percent in trade deficit all...
-
1.8KPakistan October exports set a new record, swell 17.5% to $2.47 billion
There has been an increase in the exports of the country by 17.5 percent during the month of October 2021 to $2.471 billion which was $2.104...
-
370Mastercard partners with Bakkt to offer cryptocurrency services and solutions
Mastercard has announced a partnership with Bakkt, a cryptocurrency firm, to ensure that crypto alternatives are available to retailers across its payments...
-
741Four NLC trucks completes TIR round trip to Azerbaijan and Turkey
National Logistics Cell (NLC) has completed first ever commercial road movement under TIR (Transports Internationaux Routiers or International Road Transports) to Turkey...
-
526SECP to investigate glitch in new trading system of PSX
Securities and Exchange Commission of Pakistan (SECP) has decided launch an inquiry into the suspension of new trading system of the Pakistan...
-
566Meet the 15 youngest billionaires under the age of 40 in Forbes 400
In the Forbes 400 list, at least 15 are under the age of 40 and the youngest being 29-year-old Sam Bankman-Fried, who...
-
604Searle Pakistan IPO offering expected to make record
Searle Pakistan Limited, Pakistan’s pharmaceutical powerhouse, is preparing for the country’s largest initial public offering (IPO) in its history. Searle Pakistan Limited...
-
474Foreign investment inflows in Pakistan soared by 323 percent YoY in Q1
Foreign investment inflows increased to nearly $1 billion in the first quarter of the fiscal year 2021-22, owing primarily to government Sukuk...
-
382Bitcoin jumps to new high above $67,000 after landmark ETF Listing
Bitcoin climbed to a record high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund...
-
481Export diversification strategy starts showing promising results
A senior government official said on Wednesday that the export diversification programme has just begun to show positive results, but that there is still...
-
618High trade breaks four-day losing streak of rupee against dollar
The rupee appreciated slightly against the dollar in the inter-bank market on Friday and broke a four-day losing streak against the US dollar,...
-
1.1KVegetables exports grow by 82.88%, fruits up 23.49%
Exports of vegetables increased by 82.88 percent and fruits up by 23.49 percent in the first two months of the current fiscal...
-
1.2KIslamabad-Tehran-Istanbul road corridor becomes operational for trade
A welcoming ceremony was held on October 8 by the Turkish Trade Ministry in Istanbul after the Islamabad-Tehran-Istanbul Road Transport Corridor Project successfully carried commercial...
-
595Exports to Japan jump by 24.2% to $50.6 million in Q1 despite Covid
Merchandize exports to Japan from Pakistan witnessed an increase of 24.21 percent to reach $50.6 million during the first quarter (Q1) of...
-
571Fitch forecasts Pakistani rupee to weaken further in 2022
According to Reuters, Fitch Ratings now anticipates the Pakistani Rupee to depreciate considerably further against the US Dollar in 2022. It lowered...
-
503Dollar hits historic high at Rs 172 in the open market
The US Dollar continues to increase its worth against the rupee, mounting to a historic high of Rs 172 in the open...
-
616Forbes features Pakistan’s Systems Limited and Highnoon in its ‘Best Under A Billion’ 2021 list
Systems Limited, a Lahore-based information technology company, and another Pakistani company, Highnoon Laboratories have been named to Forbes’ list of Asia’s Best Under A Billion. The...
-
556Pakistan single window to help the country become an international trade hub
Pakistan Single Window (PSW) will not only lessen the time, cost and impediments while contributing considerably towards simplicity of doing business, but...
-
351Pakistan pursuing preferential trade deals with Saudi Arabia, Oman, UAE
Pakistan is looking to establish bilateral trade deals individually with Oman, Saudi Arabia, and the United Arab Emirates after trade talks within...
-
520Pakistan exported 95,991 tonnes of meat worth $333 million in FY21
Pakistan exported 95,991 tonnes (worth $333 million) of meat and meat preparations in FY21 that is an all-time high figure. Managing Director of PK Livestock, Tariq Mehmood Butt...
-
1.7KKU graduate and IBA alumnus Sabir Sami appointed KFC Global CEO
Sabir Sami has been appointed as KFC Global Chief Executive Officer by Yum! Brands with effect from January 1, 2022, according to a...
-
554Dollars being smuggled to Afghanistan adds pressure on weaker rupee
Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP), has revealed that US dollars are being smuggled into Afghanistan from Pakistan. ...
-
516GDP of Pakistan expected to grow by 4.2% in FY22: Fitch
The economy of Pakistan will grow at the rate of 4.2% during the current fiscal year against the government target to get...
-
570Corporate sector to opt for digital payments by November: FBR
Companies would be required to make payments on expenditures over Rs 250,000 through digital channel alone starting November 1, according to spokesperson...
-
570Current account deficit widens 81 percent to $1.47 billion in August
The Current Account Deficit during the month of August has increased by 81 percent to $1.476 billion as compared to the previous...
-
528SBP increases policy rate by 25bps to 7.25 percent after a 15-month gap
State Bank of Pakistan (SBP) has increased the benchmark interest rate by 25 basis points to 7.25 percent on Monday after 15...
-
479Foreign investment falls 20 percent to $203 million in Jul-Aug
A 20 percent drop-down of Foreign direct investment (FDI) has been reported in the first two months (July-August) of the ongoing fiscal...
-
531Pakistani startups Sastaticket, Safepay feature on Forbes Asia ‘100 to watch’ list
Another new achievement-Pakistani startups are on the way to make their space in the international platform by fascinating wider international investment and...
-
323Output of LSM industries grows by 2.25 percent in July
The fiscal year 2020-21 has been wonderful for the Large Scale Manufacturing- LSM Industries in Pakistan which showed a growth of 14.85...
-
335Chinese firms confident in Pakistan after meeting with PM Imran
The Pakistan government is concentrating on the ‘ease of doing business’ policy and extending facilities to investors, stated Prime Minister Imran Khan...
-
673Big trade expected between Pakistan Turkey via new land route
A big step for bilateral trade between Pakistan and Turkey as a direct land route via the Istanbul-Tehran-Islamabad (ITI) road corridor is...
-
1.1KRupee slumps to an all-time low of 168.9 against the dollar
A decline of 85-paisa in the inter-bank market owing to the pressures caused by external payments, hauled the rupee to a record...
-
590Remittances see 10 percent increase in first two months of FY22
Pakistan has received $5.364 billion in remittances during the first two months of the fiscal year 2021-22 (2MFY22), showed an increase of...
-
665Nadra launches contactless biometric verification service for banking
Making positive use of technical advancements, and accepting the request of the State Bank of Pakistan (SBP), National Database and Registration Authority...
-
489First-ever EU-Pakistan business forum for SMEs launched
The first-ever European Union (EU)-Pakistan Business Forum for Small and Medium Enterprises (SMEs) was launched on Thursday, aimed at boosting trade with countries...
-
1.1KRupee falls to 13-month low of 168.08 against dollar as trade week closes
The rupee ended the day weaker and lost 0.26 percent against US dollar, according to today’s inter-bank closing exchange daily report. The US dollar’s...
-
859Morgan Stanley downgrades Pakistan Stock Exchange from emerging to frontier
The Morgan Stanley Capital International (MSCI) has announced to cut down Pakistan Stock Exchange (PSX) among reduced progressive economies into Frontier Markets...
-
584Exports of services up 6.39 percent to $483 million in first month of FY22
Pakistan Bureau of Statistics presented a report on Saturday, illustrating that exports of services have been increased by 6.39 percent to $483...
-
298In world first, bitcoin becomes legal tender in El Salvador
Despite significant domestic distrust and international warnings about consumer concerns, El Salvador became the first government in the world to accept bitcoin...
-
378Seed Out receives IsDB Award for impact in Islamic Economics
Another great achievement for Pakistan- Seed Out, a micro-entrepreneurs non-profit crowd funding platform has been conferred with Islamic Development Bank Award for inspirational achievement for the first...
-
335Google, Apple forced to open up app store payments in South Korea
South Korea became the first country to force Apple and Google to open up their app store to other payment systems. According...
-
452Trade gap widens by 133 percent to $4.05 billion in August
During the month of August, the trade gap widened 133 percent to $4.05 billion against $1.740 billion during the same month, last year. This...
-
383National Savings outflows exceed inflows first time in 16 years
The net savings in National Savings remained negative during the fiscal year 2020-21, which has happened for the first time after 2004-05....
-
471New investment options opened up for overseas Pakistanis through RDA
The country’s central bank has given overseas Pakistanis a variety of new investment choices in Pakistan, including public and unlisted enterprises, mutual...
-
323Cargo handling at two major seaports posts double-digit growth in FY21
Cargo handling activities at Karachi Port Trust (KPT) and Port Qasim Authority (PQA) recorded a growth of 25 percent and 13.72 percent in FY21...
-
272Tarin unveils three-year economic plan for 14 key sectors
With the commitment not to exit the International Monetary Fund (IMF) programme and instead take it to face-to-face talks in Washington in October, Finance...
-
705Overseas Pakistanis can now redeem cash-rewards for sending remittances
The government is going to allow the remitters to redeem in-cash rewards for the points earned for sending remittances to Pakistan through...
-
409New SBP instructions for selling third-party products
SBP has issued a comprehensively revised set of instructions on the sale of third-party products, the instructions will be applicable from 1st November. ...
-
509Govt aims to take exports to record high by 2023
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday said that that the government would take exports to...
-
495Pakistan up 59 points in OICCI’s Business Confidence Index
Pakistan has shown a significant improvement in the overall business confidence in recent months, revealed Business Confidence Index (BCI). BCI survey has...
-
472PayPal launches its cryptocurrency service in the UK
Starting this week, the US online payments giant PayPal said that British users will be able to buy, hold, and sell cryptocurrency. ...
-
339Italy explores investment opportunities in Pakistan
There were vast opportunities for mutual trade and investment between Pakistan and Italy from which businessmen and traders of both the countries...
-
663Bitcoin nears $50,000 as crypto market remain bullish
The crypto market remained bullish for the second straight day on Saturday, with the Bitcoin nearing $50,000 as it continues to rebound after months...
-
495T-bills bounce back as foreign investment reach $15.98 million
The inflow of foreign investment in T-bills during the second month of the current fiscal year reached $15.98 million against the outflow...
-
434Roshan Digital Account inflow hits $2 billion
Roshan Digital Account (RDA) which was introduced last September became a wonderful source of getting foreign exchange as the deposits in this...
-
603SME Asaan Finance introduced for SMEs to get loans without collateral
The State Bank of Pakistan (SBP) has introduced a financing scheme for Small and Medium Enterprises (SMEs) called SME Asaan Finance, enabling...
-
540LSM sector grew by 14.85 percent in FY21
The overall increase has been seen in the Large Scale Manufacturing (LSM) sector by 14.85 percent during 2020-21 (FY21) against the previous...
-
380Mutual fund assets soar 64.3% to cross Rs 1 trillion mark in FY21
The assets managed by the mutual fund 20-odd companies, has crossed one-trillion-rupee for the first time by the last day of the outgoing fiscal year. The...
-
555Pakistan received record $2.71 billion remittances in July
Pakistan has received the third largest workers’ remittances amounting to $2.71 billion in July, the first month of current fiscal year. The...
-
466Dollar hits 10-month high against rupee, crossing Rs 164 mark
On Thursday, the US dollar surpassed the Rs 164 barrier for the first time in ten months after SBP let the rupee...
-
1.1KHow McDonald’s cryptic ‘Podina Le Aun’ message became a marketing misfire
Almost all Pakistanis received a cryptic message from McDonald’s, asking a simple question, “podina ly aun??” and people were unable to make any sense...
-
430Pakistani exports to United Kingdom up 33 percent
The fiscal year 2020-21 witnessed a big increase in the exports to the United Kingdom by 33% to 2.025 billion as compared...
-
843Footwear production plunges 35% in FY21 amid Covid restrictions
The formal footwear production has plunged in 2020-21 amid covid-induced lockdowns and restricted timings of markets. According to the report released by the Pakistan Bureau...
-
311Pakistan to terminate 23 bilateral investment treaties
Pakistan has decided to terminate 23 bilateral investment treaties (BITs) with different countries in order to avoid international arbitration with foreign firms...
-
548Pakistan trade deficit widened to a record $3.058 billion in July
The present government has been claiming to squeeze the trade deficit but things are now alarming as according to the data, issued...
-
268Pakistan’s exports to Italy record 49 percent growth
Pakistan’s exports to Italy has recorded a 49 percent growth on a year-on-year basis to $786 million in the outgoing fiscal year...
-
412Pakistan Investment Bonds fail to attract any foreign inflows during July
The first month of the 2021-22 financial year has passed without any foreign inflow in the Pakistan Investment Bonds (PIBs). According to the report...
-
382FPCCI holds training session for using Amazon platform
According to a statement released on Wednesday, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organized an education campaign to...
-
310Pakistan, Bahrain sign MoU to promote bilateral businesses
Pakistan and Bahrain have signed MoU to promote bilateral businesses, will focus on sectors like healthcare and education, tourism, logistics, manufacturing, financial...
-
622Pakistan records 9% rise in regional exports of fiscal year 2021
Pakistan’s exports regional countries saw a growth of 9.14 percent while imports grew by nearly 36 percent in FY21 from a year ago. ...
-
511Pakistan could overtake India in trade with China in eight years
Even though Pakistan’s trade volume with China was barely one-fifth of India’s in 2020, a Pakistan ambassador predicted that Pakistan might surpass...
-
438China has not banned rice imports from Pakistan, clarifies Commerce Ministry
China has not imposed any restrictions on rice shipments from Pakistan, according to the Ministry of Commerce. In a statement, the ministry...
-
334IMF acknowledges growth in Pakistan’s economic activity
IMF has acknowledged the country’s stronger economic activity and believed the global economy to expand by 6 percent this year. On Tuesday, the International Monetary Fund...
-
1.1KPakistani fintech Dastgyr raises $3.5 million in seed round
Pakistani fintech Dastgyr has raised a $3.5 million seed round led by SOSV, takes the total capital secured so far to $4 million, including the angel...
-
418Pakistan ranks top 10 nations in business environment
According to a new report by global think tanks, Pakistan has now become one of the 10 top economies with the most...
-
370Export of textiles soars to $15.4 billion in FY21
The export of textiles greatly increase during the fiscal year 2020-21 to the extent of 22.94%, revealed by the Pakistan Bureau of...
-
954Pakistani rupee weakens against US dollar in interbank market, closes at 162.32
According to data, the Pakistani rupee lost another 0.52% to close at 162.32 against the US Dollar in the interbank market on Friday,...
-
297Credit to private sector spikes 12 percent to Rs 6.82 trillion
Credit to private sector by the banking system jumped 12 percent to a total of Rs 6.82 trillion in the previous fiscal...
-
365Indonesia-Pakistan B2B online portal launched
In order to facilitate increased trade between both the countries, Punjab Board of Investment & Trade (PBIT), Embassy of the Republic of Indonesia...
-
403LSMI output grows 37 percent in May, 14.56 percent in 11 months
The output of Large-Scale Manufacturing Industries (LSMI) increased by 14.57 percent in July-May 2020-21 compared to 11MFY20. According to the Pakistan Bureau...
-
458Bank deposits surge to all-time high in FY21
Around Rs 16.2 trillion were the bank deposits on June 30, 2020, whereas, the deposits reached the height of Rs 19.8 trillion on the...
-
566Despite challenges, Pakistan sees cryptocurrency boom
Pakistan has seen a boom in trading and mining cryptocurrency, with interest booming in 1000s of views of related videos on social...
-
455Pakistan included in Asian Growth Cubs ETF listed on NYSE
Dawn Global has launched the Asian Growth Cubs Exchange Traded Fund (ETF) listed on the New York Stock Exchange (NYSE) on 17th June...
-
432Investment by Islamic banking industry rises by 23 percent
The Islamic Banking Industry (IBI) invested 23 percent more than the deposit growth during Jan-March 2021 (3QFY21), according to report issued by the State...
-
786First Amazon Center in South Punjab to be inaugurated after Eid
According to a top-level government official, Pakistan Post is set to inaugurate Pakistan’s first Amazon Fulfillment and Facilitation Center (AFFC) in South...
-
317Singapore investors urged to set up industries in CPEC SEZs
China-Pakistan Economic Corridor (CPEC) Chairman Lt Gen (retd) Asim Saleem Bajwa called upon investors from Singapore to tap into the opportunities being developed at the...
-
539Islamabad, Kabul sign to extend APTTA for 6 months
Islamabad and Kabul signed the protocol for a six-month extension of the Afghanistan–Pakistan Transit Trade Agreement 2010 (APTTA). In a video link ceremony, held on Thursday,...
-
390Banks see 43 percent jump in calendar year 2020 profits despite Covid
The profits of Pakistani banks have surged by 42.92 percent in the calendar year 2020, according to the stats released by State Bank of...
-
331Nigeria urges Pakistan to establish more banking channels for bilateral trade
Nigeria has has called for the establishment of more banking channels to facilitate bilateral trade between Pakistan and Nigeria. On Monday, the...
-
336Pakistan raises another $1 billion through Eurobond issued in March
Pakistan recently borrowed an additional $1 billion through a three-phase Eurobond issuance that raised $2.5 billion in March 2021. The bonds were...
-
324Is the digital Euro on its way?
According to Saxo Markets, a stocks and shares ISA financial firm, the European Central Bank (ECB) is considering proposals for a digital...
-
713Pakistan hopes to achieve mango export target of 150,000 tonnes
More than 50,000 tonnes of mangoes have been exported during the first five weeks (May 25 to June 30) of the season as Pakistan hopes to...
-
647$1.6 billion sent by expats from 171 countries through Roshan Digital Accounts
Overseas Pakistanis have deposited approximately $1.6 billion through Roshan digital accounts (RDAs) from 171 countries in less than one year. The State...
-
406Karachi Railways generates record Rs 18.76 billion from freight service in FY21
Pakistan railways came with outstanding performance in the area of freight with Karachi division generating record freight revenue of Rs 18.76 billion in...
-
512Pakistan Post opens first Amazon facilitation centre
Pakistan Post has established Amazon Facilitation Centre to facilitate garments manufacturers and exporters on behalf of the government after becoming Amazon’s official...
-
832SECP becomes first govt agency to offer WhatsApp support service
The Securities and Exchange Commission of Pakistan (SECP) has launched a WhatsApp channel for business care to quickly respond to public inquiries...
-
555PIBs attract net inflow of $256 million in 12 months
Foreign investment in Pakistan Investment Bonds (PIBs) attracted a cumulative net inflow of $256 million during the outgoing financial year. During the...
-
382SNGPL to suspend gas supply to select sectors in Punjab, KP
The Sui Northern Gas Pipeline Limited (SNGPL) has suspended the gas supply to CNG, cement, and non-export industry of Punjab and Khyber...
-
741Exports to regional countries rise 6 percent in 11 months
Exports of Pakistan to nine regional countries witnessed a growth of 6.23 percent in 11 months of the outgoing fiscal year. According...
-
522Binance, the world’s largest cryptocurrency exchange, banned by UK regulator
In what is seen as the latest sign of a growing crackdown on the crypto market around the world, largest cryptocurrency exchange...
-
601Customs duty collection from 13 major sectors rise by 26.58%
The Federal Board of Revenue (FBR) raised nearly 70 percent of the total customs duty collection from 13 major sectors. An amount of...
-
378SBP unveils policy for inclusion of Persons with Disabilities
The State Bank of Pakistan (SBP) has introduced a comprehensive policy to enhance the financial inclusion of Persons with Disabilities (PWDs). President...
-
567Textile and clothing exports jump to $13.7 billion in eleven months
Pakistan’s exports of textile and clothing rebounded during July 2020 to May 2021 mainly due to value-added sectors and posted a robust growth of 19% as...
-
746Niger to establish SEZs for Pakistan
Niger is going to establish special economic zones (SEZs) for Pakistan as it eyes to attract investment in the infrastructural sector in Africa. On...
-
816Pakistani entrepreneur Mariam Adil makes it to Forbes Next 1000 list
Mariam Nusrat Adil, a Pakistani entrepreneur who is using the power of video games to inspire social change has made it to Forbes Next 1000 list, which...
