Business
Mari Energies and Ghani Chemical Form JV to Recover Hydrocarbons in Sindh
Mari Energies Limited has partnered with Ghani Chemical Industries Ltd. to launch a joint venture aimed at processing vent and exhaust gases from the Sachal Gas Processing Complex in Daharki, Sindh. The project will recover valuable hydrocarbons, producing liquefied natural…
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IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
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Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
FBR Mandates Digital Payments for Businesses to Boost Revenue Collection
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ISLAMABAD: The Federal Board of Revenue (FBR) has taken a significant step toward digitalizing Pakistan’s economy by making debit and credit card payments mandatory for…
SECP Grants License to Tamkeen Securities as Pakistan’s First Fully Digital Securities Broker
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted license to Tamkeen Securities (Pvt) Ltd, Pakistan’s first fully digital, online-only securities broker, marking…
Biafo Industries Signs Collaboration Agreement with Reko Diq Mining
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Reko Diq Mining Company (RDMC) has partnered with Biafo Industries Limited to provide blasting services for the pre-mining infrastructure development at the Reko Diq site.…
Pakistan Fiscal Deficit Reaches 1.2% of GDP in 1HFY25, Mark-Up Payments Soar
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Pakistan has recorded a fiscal deficit of 1.2 percent of GDP, amounting to Rs1,538 billion during the first six months of the ongoing fiscal year…
Govt May Scrap FED on Property Transfers Amid Industry Concerns
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ISLAMABAD: The federal government is considering removing the Federal Excise Duty (FED) on the transfer of plots and commercial properties due to low revenue generation…
Albaik is Coming to Pakistan! Saudi Chain Confirms Expansion Plans
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The Saudi fast-food chain Albaik has officially signed a Memorandum of Understanding (MoU) for its expansion into Pakistan. The company has confirmed that the process…
General Public Being Deceived Through Fraudulent Real Estate Investment Schemes
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has been receiving complaints on a continuous basis from individuals, especially senior citizens, who have been…
Fitch Ratings Highlights Pakistan’s Progress Toward IMF Commitments
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ISLAMABAD: Pakistan is making steady progress in restoring economic stability and rebuilding external buffers, according to Fitch Ratings. The agency emphasized that successful implementation of…
Government Exceeds Auction Target with Rs. 452 Billion Raised Through T-Bills
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Islamabad: The Government of Pakistan successfully raised Rs. 452 billion through its latest Treasury Bills (T-Bills) auction, slightly exceeding its target of Rs. 450 billion…
Pakistan’s Exports Surge by 9.98% to $19.55 Billion in First Seven Months of FY 2024-25
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ISLAMABAD: The country’s exports increased by 9.98 percent during the first seven months (July-January) of current fiscal year 2024-25 and stood at $19.551 billion compared…
Egyptian Fintech Halan Expands into Pakistan with $10 Million Investment
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KARACHI: The Egyptian fintech Halan Microfinance Bank has acquired Advance Microfinance Bank, allowing it to grow into Pakistan. Over the next five years, the firm…
Finance Division Introduces Policy for Issuance of Commemorative Coins
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ISLAMABAD: The Finance Division has introduced a commemorative coins policy to create a structured process for issuing special coins. Previously, the lack of a defined…
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