Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,371.5 million as of 20-Dec-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Over $100 million in business deals signed in Build Asia 2024
KARACHI: The 18th edition of Build Asia 2024 witnessed handsome business activities with over $100 million deals were signed between foreign and local companies and buyers, in heavy machinery, innovative…
Sindh Govt plans a mega construction project to attract investors and expatriates
KARACHI: The government of Sindh is working aggressively to boost economic activities across the province, including a mega construction project in Karachi to attract foreign investors and overseas Pakistanis, this…
Pak Exports to U.S. Can Potentially Be Doubled Bilateral Trade Volume Crosses $7 Billion Mark Atif Ikram Sheikh, President FPCCI
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that U.S. is one of the few countries in the world with which Pakistan enjoys a bilateral trade surplus; and, Pak…
Chinese Company to Invest $350 Million in Electric Vehicles in Pakistan, Mallik Khuda Bakhsh Interest in EV Sector Grows with SIFC’s Collaboration
Karachi (Report): A Chinese company has announced an investment of $350 million in electric vehicles (EVs) in Pakistan. With the support of the Special Investment Facilitation Council (SIFC), interest in…
PTCL partners with IBM & GBM Pakistan to modernize its IT infrastructure using IBM technology
Islamabad: Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM Pakistan and IBM to modernize IT infrastructure. This strategic partnership strives to boost PTCL’s…
FPCCI Criticizes Chairman FBR and Defense Minister for Tarnishing National Reputation
KARACHI: The FPCCI has expressed serious concerns over the statements made by the Chairman of the FBR and the Federal Minister of Defense. FPCCI Vice President Asif Sakhi stated that…
Meezan Bank and Arif Habib Limited Launch Instant Top-up Service for Investors
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance the investor experience in Pakistan. The collaboration is marked…
SBP Releases its First Quarterly Review of Payment Systems for FY 25
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy. Covering…
CCP imposes penalty of Rs. 170M for deceptive marketing
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalties of Rs 75 million each on two manufacturers of frozen desserts for misleading consumers by falsely advertising their products as…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,632.7 million as of 13-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Türkiye’s Envoy Lauds EFP’s Innovative Strategy to Boost Turk-Pakistani Trade
KARACHI: H.E Cemal Sangu, Consul General of Türkiye, stated that “formidable efforts must be made by private sectors of Türkiye and Pakistan to boost up bilateral trade as well as…
Tetra Pak launches its first-ever Sustainability Report for Pakistan
Company Targets 35,000 Tons of Carton Recycling by 2025: Islamabad: Tetra Pak, a global leader in food processing and packaging solutions, has launched its inaugural Sustainability Report for Pakistan, serving…
Launch of New eCIB System (V2)
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
Thar Foundation Launches Skill Development Program for Export-Quality Garments
Thar Foundation, the CSR wing of Thar Block II entities, has joined hands with the Sindh Technical Education and Vocational Training Authority (STEVTA) and Shahid Afridi Foundation (SAF) to sign…
SAI Chief Criticizes 2% Interest Rate Cut, Urges 5% Reduction
Raising Interest Rate to only 13% Will Not Benefit Pakistan’s Economy: Ahmed Azeem Alvi: KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State…
Pakistan’s IT Exports Surge in November 2024: A Record-Breaking Month
Pakistan’s IT sector has achieved a remarkable milestone, recording monthly IT exports of US$324 million in November 2024. This marks a 25% year-on-year (YoY) increase and a slight 2% decline…
Pakistan’s Largest Interest Rate Cut of the Year
The State Bank of Pakistan (SBP) is gearing up to make a significant announcement on Monday, with analysts predicting a 200 basis point cut in interest rates. This expected reduction…
InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd sign 11.5-years Renewable Energy Financing Facility to Acumen Energy of PKR 1.28 billion
Karachi: InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Monday, December 16, 2024 to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through…