Pakistan and world business news from seven outlets, one story per event. Updated just now.
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said Pakistan’s fiscal deficit had declined to 2.6 percent of GDP from a peak of 12.5 percent, while tax…
ISLAMABAD: AsiaPak Investments Limited has sought the government’s support for a proposed export-oriented aluminium smelter in the Port Qasim industrial area, targeting annual exports of more than…
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday urged international financial institutions to align financing terms with Pakistan’s improved sovereign ratings and expanding access to…
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed banks to expand lending to farmers, small businesses and prospective homeowners, calling for improved access to finance in three…
BANGKOK: IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the gulf between advanced and developing economies…
ISLAMABAD: Export-oriented industries have strongly opposed proposed increases of 5 to 10 percent in electricity tariffs by power distribution companies (DISCOs), warning that higher energy costs…
RIYADH: Saudi Arabia plans to move ahead with a major investment conference in Riyadh despite Houthi attacks on the kingdom, offering on-site and virtual attendance as well as alternative air and…
ISLAMABAD: A Pakistani firm has signed a memorandum of understanding (MoU) with a Chinese company to establish a joint venture for manufacturing electric buses in Pakistan.
ISLAMABAD: Pakistan is facing mounting exposure to cyber-enabled financial fraud, with estimated scam losses equivalent to 2.5 percent of gross domestic product (GDP), highlighting growing risks to…
ISLAMABAD: President Asif Ali Zardari has called for further strengthening Pakistan-Türkiye relations, with a focus on achieving the mutually agreed target of USD 5 billion in bilateral trade…
ISLAMABAD: On International E-Waste Day, a leading cyber security company Wednesday released a survey on “Gen Z’s behaviour” concluding that the Gen-Z is the most digitally immersed generation…
ISLAMABAD: The Pakistan Airports Authority (PAA) has signed two agreements to enhance aviation safety and modernise air navigation systems, including the installation of a Rs254 million wind shear…
ISLAMABAD: The Lahore High Court (LHC) has directed the secretaries of the Commerce and Interior and Narcotics Control divisions, the chairman of the Federal Board of Revenue (FBR), and the Member…
ISLAMABAD: Business community of the federal capital, in close consultation with all the local market committees, has decided to form a joint committee to find a permanent and practical solution to…
KARACHI: Marking 75 years of enduring diplomatic ties, Sindh Chief Minister Syed Murad Ali Shah met with top leadership of China’s Hubei province on Wednesday to forge broader provincial-level…
KARACHI: National Bank of Pakistan (NBP) has been recognized with the “Sustainable Infrastructure Initiative of the Year – Pakistan” award at the Asian Banking & Finance (ABF) Corporate & Investment…
WASHINGTON: US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm…
UK stocks ended higher on Wednesday, supported by a rise in healthcare and consumer staples sectors, which gained on a weaker sterling after data showed US inflation came in hotter than expected.
Prime Minister Shehbaz Sharif has called for broadening Pakistan-Russia cooperation in trade and investment, energy, and economic development, as visiting Russian Interior Minister Vladimir…
Jio Platforms, the digital arm of billionaire Mukesh Ambani’s Reliance Industries, will launch what is expected to be India’s largest initial public offering on October 21, a company filing showed.
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