PM Imran Khan laid the foundation-stone of the first-ever Central Business District project of Pakistan, at the Walton Airport site. In order to ease doing the business in Lahore, PM Imran...
After a gap of 9 years ECO freight train is going to be resumed on 4th March between Istanbul-Islamabad. The train that connects businesses...
A member of the Islamic Development Bank Group, ITFC has agreed to loan $1.1 billion to Pakistan for oil and LNG imports...
Malaysia has shown its keen interest to promote trade with Pakistan as Ikram Bin Muhammad Ibrahim, High Commissioner of Malaysia in Pakistan said that...
In spite of the fact that covid-19 has drastically affected the business community in Pakistan but as per the statement of 61%...
State Bank of Pakistan reported that during the first 7 months, foreign direct investment (FDI) fell by 27 percent compared to the same...
Pakistan and Sri Lanka have signed multiple Memorandum of Understandings (MoUs) related to education, science, investment, technology, and industrial cooperation. On Tuesday, both countries signed...
Brandverse and eOcean, both Pakistani Startups are collaboratively going to work through the new Chikoo platform. These startups have signed a Memorandum of Understanding (MoU) for...
A masterplan for $10bn Aramco oil refinery project is underway and expected to be ready before the end of the year. According to...
Pakistan is going to register Himalayan pink salt, extracted from the Salt Range which extends along the south of the Potohar Plateau and the...
In order to boost renewable energy in Pakistan, the government is planning to issue the country’s first green bond. Malik Amin Aslam,...
The Chinese firm is all set to invest $150 million in an industrial park on the border of Lahore at Kasur. The...
PayPro, a fintech startup has announced that it had received a grant amounting to Rs 7.473 million from USAID Small and Medium...
Textile exports witnessed an increase of 8.23 percent during the first seven months of the current fiscal year and increased 10.79 percent...
Uzbekistan and Pakistan showed resolve to enter into a preferential trade agreement and cooperate in shipping, textile, engineering and information technology sectors....
Mastercard has collaborated with SadaPay in order to launch the Middle East and Africa (MEA) region’s first numberless and contactless-enabled card in...
Large-scale manufacturing (LSM) in the country grew by 11.4 percent in December 2020 as compared to December 2019. According to the data...
The outbreak of Covid-19 has changed the world and is continue to bring a significant effect on our everyday life. It has fast-tracked consumer behavior towards online shopping and has managed to...
Foreign exchange inflows from overseas Pakistanis under the Roshan Digital Accounts have reached more than $480 million in five months. Dr. Reza...
Karachi-based fintech startup Safepay announced raising a seven-figure seed funding round led by global financial services company Stripe, among other investors. Besides...
Daraz and Pakistan’s first EdTech startup Extreme Commerce have joined hands for e-commerce and digital trade. The partnership will help Daraz sellers...
The State Bank of Pakistan (SBP) is considering relaxing rules for startups and fintech companies to raise foreign capital, as it may...
Pakistan Telecommunication Company Limited (PTCL) recorded a consolidated profit after tax (PAT) of Rs 3.27 billion for the year ended December 31,...
Sardar Masood Khan, president of Azad Jammu and Kashmir (AJK) has said that the youth of the region have the potential to...
The Pakistan Stock Exchange (PSX) has witnessed a trading volume of one billion shares in a single day for the first time...
The government of Pakistan is going to seek investment from China for becoming a shareholder in the state-of-art PARCO coastal refinery and...
Ministry of Information Technology and Telecommunications (MoITT) and its tech innovation arm, Ignite (National Technology Fund), on Tuesday launched PakImpactInvest, Pakistan’s first...
Pakistan ranks 3rd in the government support provided to small and medium enterprises (SMEs) to mitigate the impact of coronavirus pandemic. According...
Due to the losses, the National Bank of Pakistan (NBP) has decided to shut down its branches in Bangladesh and Afghanistan. During...
The business community of Pakistan has demanded that similar to Basmati rice, the country needs to apply for Geographical Indication (GI) tag...
Exports of Pakistan to the United Kingdom (UK) has increased by 22% and crossed one billion dollars in six months, despite the...
Exports of Pakistan had maintained growth and for the first time in eight years have crossed the $2 billion mark for the fourth consecutive month. Commerce Adviser Razak Dawood called it...
Panther Tyres Limited has successfully raised Rs 2.63 billion through a two-day book building process at the Pakistan Stock Exchange (PSX). On...
The Pakistan Stock Exchange (PSX) has set the record by achieving the highest value of shares traded in 13 years as it hit...
The ‘salaried individuals’ are not required to update their ‘Tax Profiles’ under section 114A of the Income Tax Ordinance, 2001, says FBR....
11 commercial banks have been selected by the State Bank of Pakistan (SBP) in its FX Portal to provide end-to-end digitalization of...
Pakistan and Kuwait have expressed resolve to enhance cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT, and health sectors....
The K-Electric (KE) has joined hands with Avanza Solutions, one of the leading fintech organizations across the globe, to implement Real Time...
Pakistan has received the Geographical Indicator (GI) tag for its Basmati rice, paving the way for creating a local registry for this...
The World Bank Group (WBG) has taken the initiative of preparing a new Country Partnership Framework (CPF) for Pakistan with a possible...
On Saturday, the State Bank of Pakistan (SBP) made it clear that the ATM cash withdrawal limit was not limited to Rs...
Danish investors and enterprises are expected to bring investment and joint ventures to Pakistan for increasing economic and trade relations between both...
Different types of income taxes to raise around $2 billion in debt through Pakistan’s first Chinese currency-denominated Panda bonds, Eurobonds and International...
FPCCI has pressed for an increase in bilateral economic and trade relations between Pakistan and Sweden, it also called for an increase...
According to Italian Ambassador Andreas Ferrarese, massive potential exists for Pakistan and Italy to lift their bilateral trade volume to $5 billion....
As per the report revealed by the State Bank of Pakistan (SBP), the government’s federal debt raised quickly to reach the shaky...
The co-founder of the e-commerce giant Alibaba and renowned businessman Jack Ma made his first appearance in public who was missing since...
Pakistan has improved its rankings in the Trading Across Border Index by 31 positions, moving up from the 142nd to the 111th,...
Looking at the trend of remittances to Pakistan that remained above $2 billion mark for the seventh month in a row, totalling...
Pakistan is going to have another major route connecting China under the China-Pakistan Economic Corridor (CPEC), the alternate route would be around...
The Securities and Exchange Commission of Pakistan (SECP) registered 20,324 new companies in 2020, indicating an increase of 24 percent from 16,456...
Artistic Milliners (Pvt.) Limited, a Pakistani denim fabric and garments specialist has acquired a denim factory in Commerce, near Los Angeles, California,...
Textile exports of Pakistan have reached a historic high as the exports during December 2020 has increased by 22.72 percent. Moreover, textile...
A Chinese iron and steel firm is going to become the first foreign enterprise to establish its plant in the Rashakai Special...
Chkar Lodging & Experiences, an online vacation rental marketplace has raised Rs 50 Million funding in its first round of seed funding...
International Finance News (IFN) has awarded the best Central Bank award to the State Bank of Pakistan (SBP) in promoting Islamic Finance....
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%...
The annual turnover of Utility Stores Corporation of Pakistan (USC) was recorded around at around Rs 100 billion in the calendar year...
Three startups of University of Karachi students have been listed among the top 10 innovative companies of Pakistan by Japan International Cooperation...
Security and Exchange Commission of Pakistan’s annual report revealed that Pakistan has improved its position on the World Bank (WB) Ease of...
During the first four months of the current financial year 2020-21, Pakistan has earned $121.980 million from the export of different travel...
Cement exporters are facing big problems for exporting their product due to the import of sugar, wheat, and canola on a priority...
Chinese professor, Cheng Xizhong, says Pakistan’s substantial export growth is a vindication of the govt’s policy to keep economy running during pandemic....
Pakistan Stock Exchange (PSX) crossed the 45,000 points mark in the KSE-100 index after a gap of three years with the share...
Pakistani economic growth is expected to be subdued, averaging at 1.3 percent over the next two fiscal years, said the World Bank....
Lahore-based digital lending fintech Finja that operates with dual licenses from SBP and SECP has closed $9 million of a $10 million...
Pakistan’s textile businesses have received export orders for the next six months as the sector expands production capacity to meet robust demand...
As a result of new engagement with African countries through the “Look Africa” campaign started by the government of Pakistan, Pakistan’s trade with...
Pakistani companies have raised interest-free investment worth Rs 35.4 billion via Initial Public Offerings (IPOs) and Right Shares from Pakistan Stock Exchange...
There was once a time when tech pioneer and entrepreneur Elon Musk seriously contemplated selling his electric car business Tesla to none...
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...
Pakistan’s current account posted a surplus for the fifth consecutive month in November despite the unending fear of the second wave of...
The Federal Board of Revenue (FBR) will allow customers to get five percent cash back on sales tax paid on purchases from...
Bank of Punjab (BOP) has become the first bank to be recognized as Market Maker for both conventional and Shariah Compliant debt...
The State Bank of Pakistan (SBP) has adopted a medium-term national target of 20 million active women bank accounts by 2023 under...
Moody’s Investors Service that periodically releases reviews of countries around the globe highlighting their credit ratings and other financial research in light...
Pakistan Tobacco Company (PTC) is going to establish its business process outsourcing (BPO) hub in Pakistan, which will be used to cater...
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...
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...
The State Bank of Pakistan (SBP) has decided to give authorization to fintech startup SadaPay to initialize pilot operations next year. The...
The Federal Board of Revenue (FBR) has decided to regulate the buying and selling of goods including digital products through electronic transactions...
The China-Pakistan border crossing at Khunjerab Pass has been opened to allow over two dozen stranded Pakistani containers to cross over between...
Chinese companies and a global investment consortium are keen to invest $8 billion in the Ravi City project in Lahore, says PM...
The Asian Development Bank (ADB) has said that the economy of Pakistan was on the path of recovery, economic activity in South...
Monthly exports of Pakistan to China witnessed an increase of 30 percent year-on-year in November 2020, improving the trade balance between both...
Pakistan would continue to benefit from the UK’s trade preferences scheme at par with the EU GSP Plus facility after the Brexit....
A mechanism to allow all Pakistani resident and non-resident investors to open an online account linked to the capital market to invest...
Exports of Pakistan to the United States hit a record high of $437 million in the month of November crossing the $400-million...
Pakistan has suggested transit trade agreements among the member countries of the Central Asia Regional Economic Cooperation (CAREC), leading to a regional...
According to reports, the State Bank of Pakistan (SBP) has decided to discontinue the Rs 25,000 national prize bonds with immediate effect....
Foreign Office (FO) in a statement said that after the coronavirus pandemic is brought under control, the CPEC would blossom into a...
State Bank of Pakistan (SBP) on Thursday released its Quarterly Payment System Review for the first quarter of the fiscal year 2020-21,...
Three Pakistani companies Systems Limited, Feroze1888 Mills and Searle Pakistan made it to the Forbes ‘Asia’s Best Under A Billion 2020’ list....
Pakistani fruit exporters are facing turmoil as the Sri Lankan government has increased the regulatory duty on the import of Kinnow from...
The Ministry of Finance in its Monthly Economic Update & Outlook (November 2020) report issued on Friday presented a strong economic recovery...
The net foreign exchange reserves of Pakistan have increased by $8 billion since June 2019, says State Bank of Pakistan Governor Dr...
Dr. Reza Baqir, the Governor of State Bank of Pakistan (SBP) released a statement that Pakistani living in foreign countries deposited $100...
Chairman of Bank Alfalah, introduced the Roshan Digital Account in Dubai, an initiative of the Government of Pakistan and State Bank of...
A substitute for Black Friday, Blessed Friday 2020 in Pakistan is going to be celebrated on Friday, 27th November with the same ‘shopping’...
Traders have decided to end the self-ban and restart onion export from tomorrow, November 27, 2020, after prices stabilised in the country...
According to the World Trade Organization, Pakistan jumps 31 places on Trading across Borders rank due to improvement in Trade Facilitation Agreement...
As compared to October 2019, Pakistan exports to UK raised 30 percent amounting to $200 million from $154 million. A news report...
The State Bank of Pakistan kept the main policy rate unchanged at 7 percent, a statement by the central bank said on...
The government is working on the advancement of industrialization in Pakistan which is the way to generate jobs and create wealth and...
Securities and Exchange Commission of Pakistan (SECP) has given approval to the launch of a peer-to-peer (P2P) lending platform under the first...
Elon Musk, the founder and CEO of SpaceX and electric car company Tesla has leapfrogged Facebook CEO Mark Zuckerberg and has now...
The State Bank of Pakistan (SBP) has improved its growth outlook for the country, predicting that the national GDP will grow between...
Bank Alfalah has now become the country’s first commercial bank designated as a Market Maker for Debt Securities at the Pakistan Stock...
Fifteen Asia Pacific countries signed the world’s biggest free trade deal which is seen as an enormous coup for China in order...
Faisalabad is currently experiencing a financial boom with the operationalization of 50,000 power looms and expecting the opening of another 30,000 units....
Prime Minister Imran Khan launched the much anticipated Naya Pakistan Certificates (NPCs) for overseas Pakistanis to incentivise investment. NPCs can be obtained...
In order to support the fragile foreign exchange reserves and remove barriers to imports, the Asian Development Bank (ADB) will lend $300...
According to the State Bank of Pakistan, the country’s remittances remained above $2 billion for the fifth consecutive month in October 2020....
Handmade Kashmiri silk carpets have gained popularity in China as the carpets became one of the best-selling products at the 3rd China...
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...
The Securities and Exchange Commission of Pakistan (SECP) has decided to release a directive framework for guideline and monitoring of the digital and...
The government of Pakistan restarted the application process for providing soft loans to the Pakistan youth under the Kamyab Jawan Program scheme....
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)....
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...
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...
CPEC has brought $25 billion worth of foreign direct investment (FDI) to Pakistan, said the Chinese Foreign Ministry spokesperson on Wednesday. Bringing...
Amid the economic revival, the cement sector has touched a record peak in October as mills dispatched 5.735 million tons to consumers....
Daraz geared up for the biggest sale event of Pakistan as the 11.11 (Daraz Gyara Gyara) is just around the corner and...
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...
On Tuesday, Prime Minister Imran Khan announced a major relief package by reducing power tariff for Small and Medium Enterprises (SMEs) to...
To expand services across the country, foodpanda has awarded its $1.875 million offline media management agency for Pakistan to Blitz Advertising, an...
The textile sector of Pakistan which suffered heavily from COVID-19 restrictions is fast returning to the growth phase as it is receiving...
The trend of online shopping has started declining gradually as almost all activities in the country have been resumed and so Pakistanis...
The state-owned petroleum corporation, Pakistan State Oil (PSO) in its financial results for the quarter ended on September 30, 2020, revealed an...
By the second quarter of 2021, Renewable energy company Three Gorges First (TGF) Wind Farm Private (Pvt) Limited (Ltd) a subsidiary of...
With the association of the Massachusetts Institute of Technology (MIT), US Federal Reserve has begun research on the development of central bank...
The State Bank of Pakistan (SBP) announces a new and more “transparent mechanism, with complete delegation to banks” so that remitting disinvestment...
Asad Umar, Federal Minister for Planning, Development, and Special Initiatives said that 10 new IPOs are being planned by companies for listing...
The Pakistani Rupee is gradually gaining momentum against the US Dollar in the interbank market as it regained Rs 1.12 against the...
Expensive electricity is the main hurdle to the industrial development of small and medium-sized enterprises, said Prime Minister Imran Khan. Chairing a...
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)...
The spokesman of Khyber Pakhtunkhwa (KP) IT Board Danish told reporters that Chinese high-tech companies including OPPO and Haier are interested to...
On Wednesday, Prime Minister Imran Khan shared the “great news” that the country is heading in the “right direction” as Pakistan’s current...
On Monday, Pakistan and International Islamic Trade Finance Corporation (ITFC) signed an agreement amounting to $386 million for the import of oil...
The US duo Paul Milgrom and Robert Wilson won the Nobel Prize in Economics for their contributions to auction theory. According to...
According to the foreign currency rules of 2020, there could be no depositing of foreign currency in any person’s foreign currency account,...
The government has so far disbursed soft loans amounting to Rs 1.4 billion among qualified entrepreneurs under the Youth Entrepreneurship Scheme (YES)...
Overseas Pakistanis sent record $7.1 billion remittances in the first quarter of the fiscal year 2021 (July to September), the State Bank...
World Bank is predicting a mere 0.5 percent growth in the current fiscal year and due to COVID-induced economic uncertainty poverty may...
Tayyab Shafiq, 25 years of Pakistani entrepreneur has launched the smallest takeaway serving delicious Pakistani food in three used London phone booths....
On Wednesday, Prime Minister Imran Khan approved three new Special Economic Zones (SEZs) that include National Science & Technology Park, Islamabad, JW-SEZ...
Muhammad Jehanzeb Khan, Deputy Chairman Planning Commission said that the government is fully committed to achieving political stability and socio-economic development of...
The export of Pakistani cotton yarn to China has increased by 4.36 times to $41.836 million in August from the same period...
US is still the biggest export destination for Pakistan during August 2020, followed by United Kingdom (UK), China and UAE. In August...
Punjab government has launched one of its kind financial programme to facilitate entrepreneurs a program named as ‘Punjab Rozgar Scheme’ designed to...
The motorcycle-based ride hailing and parcel delivery startup based in Pakistan Bykea has raised $13 million in a Series B funding led...
On Tuesday, the All Pakistan Marble Industries Association sought the support of the government for the development of the marble industry that...
There is a spike in cotton prices as Pakistan is among the world’s top recipients of foreign orders post Covid-19 shutdown. The...
On Thursday, a delegation of top businessmen of Pakistan called upon Prime Minister Imran Khan and expressed their keen interest to invest...
Pakistani female fitness startup AimFit has raised $1 million in a seed round led by Indus Valley Capital, a Pakistan-focused VC fund...
On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...
Khyber Pakhtunkhwa, which shares a border with Afghanistan and regarded as a gateway province to Central Asia is looking to reap the...
Pakistan approves establishment of three markets as a pilot project along its border with Afghanistan and Iran to simultaneously boost trade with...
On Monday, the State Bank of Pakistan decided to keep its policy rate unchanged at 7 percent in its new monetary policy....
Dr. Inayat Hussain the Executive Director of the Banking Supervision Group in the State Bank of Pakistan has revealed that the Pakistani...
According to the State Bank of Pakistan’s (SBP) data, the FDI in the first two months of the ongoing fiscal year FY21...
The Finance Ministry announced on Twitter that the sale of conventional Naya Pakistan Certificates started from 14 September 2020, via agent banks....
The Prime Minister of Pakistan Imran Khan recently launched the ‘Roshan Digital Account’, an initiative that will assist millions of overseas Pakistanis...
On Tuesday, All Pakistan Restaurant Association (APRA) in protest over the unfair practices has decided to boycott the food delivery service foodpanda...
On Tuesday, Asad Umar Federal Minister for Planning, Development, Reforms, and Special Initiatives said that Pakistan is witnessing a V-shaped economic recovery...
The British government’s credit financing agency UK Export Finance increases its financing limit to £1.5 billion for UK businesses looking to invest...
The businesses in Pakistan are gaining momentum after the eradication of Covid from the country that contracted the economy for the first...
Government plans divestment of government shares in OGDCL, PPL and MPCL and according to experts a loss of Rs 50 billion is...
Pakistan and China will ink an agreement on the development of the Rashakai SEZ under the China-Pakistan Economic Corridor (CPEC). The agreement...
Shahid Khan the Pakistan born American has been featured as the 66th richest man in the United States with a net worth...
Pak Japan Business Council (PJBC) informs that Japanese businessmen are keen to invest at least $100 million in different industrial zones in...
According to a statement from the Prime Minister’s Office, on Monday, Australian iron ore giant Fortescue Metals expressed its keen interest to...
On Monday, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that FBR revenue has improved and there has been an...
The Security and Exchange Commission of Pakistan (SECP) has instructed all companies and Limited Liability Partnerships (LLPs) to stop dealing, trading, using,...
Federal Board of Revenue (FBR) collected Rs 593 billion tax against the assigned target of Rs 551 billion, an addition of Rs...
Pakistani’s number one food delivery platform Foodpanda enters into a strategic partnership with OPTP as their main delivery services partner for local...
The Pakistan Stock Exchange (PSX) has been declared the best performing market in Asia after it recently emerged as the top performing...
MAGNiTT released H1 report named “Pakistan Venture Investment 2020 Snapshot,” in which Dubai based platform revealed that investment in Pakistani startups has...
Bata, Pakistan’s one of the leading shoemaker company also faced the wrath of Covid-19 pandemic as its retail and wholesale business reported...
Traders association says that the rain disaster in Karachi has caused heavy losses and the estimated initial loss from the monsoon rains...
According to the finance ministry spokesperson, Mohsin Chandna, the total Pakistan public debt, which is the sum of domestic and foreign loans,...
The ban to import red kidney beans has been lifted and approval has been given by the government to import red kidney...
On Wednesday, Prime Minister Imran Khan said that the government will extend maximum facilitation to exporters to increase the exports of Pakistan....
To provide information and to facilitate the investors in Balochistan, a facilitation center has been established in Islamabad. Such centers will also...
Pakistan has emerged as the top performing Asian stock market since the beginning of the fiscal year 2021 after a slew of...
On Monday, Prime Minister Imran Khan asked Chinese businesses to establish their regional business offices in Pakistan. The prime minister emphasized the...
Standard & Poor’s Global Ratings maintained Pakistan long-term outlook as stable. S&P also declared ‘B-’ long term issue rating on the basis...
Pakistan’s current account swung into a surplus of $424 million for July, which is the fourth monthly surplus since last October, announced...
Despite all the challenges arising from COVID-19 pandemic, Pakistan has surpassed its mango export target by 45,000 tons. The All Pakistan Fruit &...
Federal Board of Revenue (FBR) chairman Javed Ghani released a statement in which he directed the bureau officers to tighten their operations...
State Bank of Pakistan (SBP) increases the supporting loan limit for women entrepreneurs from Rs 1.5 million to Rs 5 million. Taking...
In a yet another boost to the Made in Pakistan initiative, Pakistan has allowed the export of locally manufactured N95 & Surgical...
Advisor to Prime Minister Imran Khan on Finance and Revenue Abdul Hafeez Sheikh highly acknowledged the economic progress made during the two...
On Monday, Prime Minister said that Pakistan has recorded the highest ever remittances from overseas Pakistanis in July 2020. Prime Minister Imran...
On Tuesday, Moody’s Investors Service confirmed the B3 long term local currency and Caa1 foreign currency deposit ratings of five Pakistani banks....
The State Bank of Pakistan has increased the loan limits for housing finance and small enterprise from Rs 1 million to Rs...
Despite a lot of internal and international problems, Pakistan’s economy is stabilizing and has witnessed good progress in various sectors. The current...
Punjab, KP and Sindh governments have issued notifications to lift all province-wide lockdown orders and allowing the reopening of most businesses citing...
The government of Punjab has decided to permit industries and factories to work as per normal routine due to the bettering condition...