Business
Pakistan Consumes Up to 90,000 Kgs of Gold Annually, Says CCP Study
Pakistan’s gold consumption has reached up to 90,000 kilograms annually, with demand valued between $8 billion and $12 billion, according to the Competition Commission of Pakistan (CCP). Despite this massive volume, more than 90 percent of the country’s gold trade…
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HBL Microfinance Bank and SUPARCO Partner for Satellite-Based Agri Lending
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HBL Microfinance Bank (HBL MfB) and the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) have signed a Memorandum of Understanding (MoU) to introduce satellite-based…
Pakistan Services Exports Grow 9.23% in 2025
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Pakistan services exports increased by 9.23 percent to $8.39 billion in FY25, up from $7.68 billion in the previous fiscal year, driven by strong gains…
World Bank Highlights Delay in MoUs for $78M ‘DEEP’ Initiative
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The World Bank has raised concerns over delays in signing Memorandums of Understanding (MoUs) between the Ministry of Information Technology and Telecommunication (MoITT) and provincial…
Govt Considers Relief on Bearer Prize Bonds Redemption
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The federal government may extend relief to individuals who missed the deadline for bearer prize bonds redemption, said Minister of State for Finance Bilal Azhar…
Pakistan Mart Project Promises Direct Global Access for Exporters
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The government is planning to establish the Pakistan Mart project in Dubai to help small and medium-sized exporters connect directly with international buyers. This initiative…
FBR Arrest Powers Tied to Consultation with Business Representatives
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The federal government has made it mandatory for tax officials to consult at least two business representatives before starting investigations that could lead to arrests.…
15 PSX Companies Now Hold $1 Billion Market Capitalization
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The Pakistan Stock Exchange (PSX) has seen a significant rise in companies reaching the $1 billion market capitalization milestone, jumping from just three firms two…
PM Shehbaz Orders Pakistan Revenue Automation Limited Shutdown by Dec
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Prime Minister Shehbaz Sharif has ordered the Pakistan Revenue Automation Limited (PRAL) shutdown within six months, a move that could disrupt the country’s entire tax…
Pakistan Trade Deficit Widens to $2.75 Billion in July 2025
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Pakistan’s trade deficit reached $2.75 billion in July 2025, marking a sharp increase of over 44 percent compared to the $1.90 billion deficit recorded in…
MCB Bank Profit Drops in H1CY2025
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MCB Bank Limited (PSX: MCB) has reported a 15.52% decline in profit attributable to equity shareholders for the half-year ended June 30, 2025. The MCB…
SECP Hits New Record with 4,065 Company Registrations in July
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The Securities and Exchange Commission of Pakistan (SECP) has set a new benchmark with 4,065 company registrations in July 2025. This milestone marks the highest…
Pakistani Startup Icon Backs UAE Fintech’s Record $48M Funding
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Mudassir Sheikha, the founder of Careem, has joined a group of angel investors backing UAE fintech Alaan in its record $48 million Series A round.…
FBR Drops New Online Tax Rules – What It Means for Online Sellers & Couriers
3 min read
The Federal Board of Revenue (FBR) has launched an aggressive crackdown on Pakistan’s e-commerce sector, introducing sweeping tax compliance requirements for online sellers and courier…
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