Business
Pakistan, Saudi Arabia to Showcase Energy Investment Projects at Riyadh Forum 2026
Pakistan and Saudi Arabia will jointly host a major business forum in Riyadh on January 14, 2026, where Islamabad plans to showcase new investment ready power sector projects to top Saudi companies and investors. The upcoming forum aims to strengthen…
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Petroleum Exports Jump 118% as Crude Imports Fuel Refinery Surge
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ISLAMABAD: Pakistan’s energy landscape has witnessed a sharp increase in petroleum exports, driven by an uptick in crude oil imports and heightened refinery activity, according…
Finance Minister Denies Unequal Pay Raise for Armed Forces
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ISLAMABAD: Finance Minister Muhammad Aurangzeb has firmly dismissed rumors of a disproportionate salary increase for armed forces personnel compared to civilian government employees in the…
Pakistan’s Remittance Per Expat Trails Region Despite $38B Inflows
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Despite expectations of receiving $38 billion in remittances during the current fiscal year (FY25), Pakistan’s average remittance per expatriate remains one of the lowest compared…
Oil Sector Demands Increase in OMC Margins
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ISLAMABAD: The oil sector has formally requested the government to approve a revised Rs10 per litre margin for oil marketing companies (OMCs), up from the…
Budget to Feature Tax Relief, Bold Reforms: Finance Minister
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ISLAMABAD: Finance Minister Muhammad Aurangzeb announced that the upcoming federal budget will introduce simplified tax returns for the salaried class and bold economic measures to…
Halan Microfinance Bank Secures Rs. 1.4 Billion Boost
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Halan Microfinance Bank has received a fresh capital injection of Rs. 1.425 billion (USD 5 million) following its acquisition by MNT Halan Pak B.V., a…
Rs1.079 Trillion Power Sector Subsidy Likely in FY2025-26 Budget
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ISLAMABAD: The federal government is expected to allocate a power sector subsidy of Rs1.079 trillion (Rs1,079 billion) for the fiscal year 2025-26 budget, according to…
Bahria Town’s Icon Tower to Be Auctioned by FBR due to tax Default
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ISLAMABAD: The Federal Board of Revenue (FBR) has officially announced the auction of Bahria Icon Tower in Karachi, along with the Mall of Islamabad, to…
Govt Plans 18% Sales Tax on Ex-Tribal Area Goods
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ISLAMABAD: The federal government is preparing to introduce a significant fiscal change by imposing an 18% sales tax on goods produced in the former tribal…
Govt Plans Low-Cost Power Package for Crypto Miners & Farmers
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The Power Division has proposed a new initiative, dubbed the “Surplus Power Package.” It is designed to offer low-cost electricity to key sectors, including agriculture,…
SBP Boosts Digital Payments Ahead of Eid ul Azha
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ISLAMABAD: In a bid to accelerate the adoption of digital finance, Pakistan’s central bank has teamed up with 22 leading commercial banks to promote SBP…
Alibaba Introduces New Logistics Services for Pakistani Exporters
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ISLAMABAD: In a major development for the country’s export sector, Alibaba has launched a full suite of online logistics services for Pakistani exporters. The initiative…
Here’s a Breakdown of Pakistan External Funding in 2024-25
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ISLAMABAD: Pakistan external funding has exceeded $14 billion during the first ten months of the current fiscal year, as per the Economic Affairs Division. The…
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