Business
Pakistan’s LSM Shows 4.08% Growth in Early Recovery Phase
Industrial activity in Pakistan is showing early signs of recovery, as large-scale manufacturing (LSM) posted 4.08% growth in the first quarter of FY26, driven primarily by a strong rebound in the automobile and cement sectors. September alone recorded 2.69% year-on-year…
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Air Link Secures Rs572 Million Industrial Land for Expansion
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The announcement came from Air Link Communication Limited, which is planning to buy a 3-acre industrial property and a 5-acre plot from its wholly owned…
Textile Exports Surge 9.67% to Hit $9.08 Billion in H1 FY25
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Pakistan Bureau of Statistics (PBS) data shows that exports of textile goods from Pakistan climbed by 9.67% in the first half of fiscal year 2024-25,…
IT Exports Surge by 28% to $1.86 Billion in First Half of FY25
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Pakistan’s IT sector achieved a significant milestone in December 2024, recording its highest-ever monthly export value of $348 million. This represents a 15% year-on-year (YoY)…
Pakistan Becomes First to Launch Digital Foreign Direct Investment Initiative
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Pakistan has become the first nation to implement the Digital Foreign Direct Investment (FDI) Initiative, a collaborative effort between the World Economic Forum (WEF) and…
$250 Million Green Impact Fund Set to Drive Eco-Friendly Enterprises in Pakistan
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Islamabad: Pakistan is set to unveil its $250 million Green Impact Fund (GIF), a bold initiative designed to propel climate-conscious growth among micro and small…
Mobilink Bank Appoints Haaris Mahmood Chaudhary as CEO
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ISLAMABAD: Mobilink Bank’s Board of Directors has announced the appointment of Haaris Mahmood Chaudhary as the new Chief Executive Officer, marking an important step in…
UBL Converts KP and Balochistan Branches to Full Islamic Banking System
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In a public email released on Tuesday, United Bank Limited (PSX: UBL) announced that it has successfully converted all its branches in Balochistan and Khyber…
Shell Pakistan Renamed to Wafi Energy Pakistan Limited
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Shell Pakistan Limited has officially changed its name to Wafi Energy Pakistan Limited following the completion of an acquisition by Wafi Energy Holding Limited, according…
eBay Strengthens Online Car Sales with Caramel Acquisition for Enhanced Security
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eBay has announced its acquisition of Caramel, a startup that streamlines the final stages of car transactions, including verification, financing, paperwork, ownership transfer, insurance, and…
Pakistan Plans to Introduce First $200-250 Million Panda Bonds in China in 2025
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During an interview at the Asian Financial Forum in Hong Kong on Monday, Pakistan’s Finance Minister Muhammad Aurangzeb disclosed the country’s plans to issue bonds…
Pakistan Set to Regulate Cryptocurrency with Virtual Assets Bill 2025: Sources
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The Senate of Pakistan is considering the Virtual Assets Bill 2025, a groundbreaking legislative proposal introduced by Senator Dr. Afnan Ullah Khan. This private member’s…
Minister Instructs SUPARCO to Develop Business Plan for PakSat-MM1
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ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, has directed the chairman of the Space and Upper Atmosphere Research Commission (SUPARCO) to…
Merger of Shutterstock and Getty Images Forms $3.7 Billion Visual Content Giant
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Tuesday saw the announcement of a cash-and-stock merger between Getty Images and rival Shutterstock. According to yesterday’s closing share prices, the combined business is anticipated…
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