IMF Demands Pakistan End Preferential State Contracts
IMF criticizes Pakistan's amended procurement rules allowing direct contracts to state firms, warning of corruption risks. Urges reforms within a year. Learn more about the implications.
Category : Business
Swiss Housing Market Faces Correction Risk as Rates Climb
Switzerland's housing market faces significant correction risk as interest rates rise. Property prices may drop 10-20% with overvalued apartments most vulnerable. Learn what this means for global markets.
PM Shehbaz Links Economic Growth to Industrial Development
Prime Minister Shehbaz Sharif emphasizes industrial development as crucial for Pakistan's economic growth. Learn how government policies aim to boost manufacturing and create jobs.
SECP Approves PMEX Acquisition for Agri Market Growth
SECP greenlights PMEX's majority stake acquisition in NCMCL, accelerating Pakistan's Electronic Warehouse Receipt ecosystem and strengthening agricultural infrastructure for farmers.
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Rupee appreciates to Rs280.62 against US dollar
Pakistani rupee shows strength with 3 paisa gain against USD, closing at Rs280.62 in interbank trading. Euro rises while Yen remains stable. Track currency movements and market trends.
AI Bubble Fears Trigger Asian Market Plunge
Asian markets fell sharply as AI bubble fears resurfaced. Tech giants like Samsung and TSMC led losses. Discover the impact on global markets and what's next.
IBA-CEIF Celebrates a Decade of Islamic Finance Growth
The Centre for Excellence in Islamic Finance at IBA celebrated its 10-year anniversary, highlighting its role in shaping Pakistan's Shariah-compliant financial sector and signing new MoUs.
Oil Falls 2% Amid US-Russia Peace Talks
Global oil prices decline as US seeks diplomatic solution to Russia-Ukraine conflict. Brent crude drops below $85 amid peace deal negotiations and demand concerns.
Japan Restarts World's Largest Nuclear Plant After Fukushima
Japan approves restart of Kashiwazaki-Kariwa nuclear plant, the world's largest, marking first nuclear revival since Fukushima disaster. Major energy policy shift.
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Sugar Prices to Fall as Punjab Mills Start Crushing
Sugar prices expected to decline by Rs10 per kg as Punjab sugar mills begin new season crushing. Government prepares to deregulate sugar sector after 77 years of control.
NFC Meeting Dec 4 for IMF-Backed Financial Award Review
Pakistan's National Finance Commission meets December 4 to review IMF-backed proposals for new financial award. Federal and provincial finance ministers to discuss reforms amid corruption concerns.
Govt Launches Skill Development for Sports Goods Sector
Pakistan government commits to transforming sports goods and gems industries through skill development, quality certification, and stakeholder collaboration to boost exports.
Pak-France Business Alliance Gala Dinner Hosted
Mövenpick Hotel Karachi hosted the prestigious Pakistan-France Business Alliance gala dinner, strengthening bilateral trade relations between the two nations.
PSO Gets PKR 100bn in Debt Relief
Pakistan State Oil will receive nearly PKR 100 billion next week as part of government's circular debt reduction plan, easing financial pressure across energy sector.
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Pakistan-Philippines Strengthen Trade & Education Ties
Philippine Ambassador Dr. Emmanuel Fernandez highlights 70+ years of Pakistan-Philippines relations & trade balance favoring Pakistan. Explore new educational & economic cooperation opportunities.
Sindh, Turkiye Discuss Bilateral Investment Opportunities
SACM Qasim Naveed met Turkiye's Consul General to discuss investment in Dhabeji SEZ, Karachi Education City & more. Explore vast PPP opportunities in Sindh.
Pakistan and Saudi EXIM Banks Sign MoU to Boost Trade
Pakistan EXIM Bank and Saudi EXIM Bank signed a landmark MoU to enhance bilateral trade cooperation and boost exports between the two nations. Discover how this partnership will benefit Pakistani businesses.
Altaf Hussain Appointed MD of National Grid Company
Altaf Hussain assumes leadership of Pakistan's National Grid Company with 30+ years international experience. His appointment marks crucial phase in power sector restructuring.
PMPKL Advances Smoke-Free Vision with Zyn Production
Philip Morris Pakistan begins local production of Zyn nicotine pouches, marking significant progress toward smoke-free future. Learn how this supports Pakistan's economy and public health goals.
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MAERSK Announces $2 Billion Investment in Pakistan
Global shipping giant MAERSK plans $2 billion investment in Pakistan's port infrastructure and supply chain. Federal Minister reaffirms government's commitment to foreign investors.
KE Cracks Down on Power Theft in Liaquatabad
K-Electric intensifies anti-theft operations in Karachi's Liaquatabad, removing 270kg of illegal kunda wires and preventing annual losses exceeding PKR 10 million. The utility urges public cooperation for safer electricity infrastructure.
Pakistan's Vegetable Farming: Challenges & Opportunities
Discover how Pakistan's vegetable sector boosts economy through exports while facing production challenges. Learn about solutions for agricultural growth.
61% of Power Purchase Price to be Capacity Payments
CPPA informs NEPRA that capacity payments could reach Rs2 trillion in 2026, making up to 61% of power purchase price. Industry leaders fear impact on competitiveness.
Singapore seizes record $800K rhino horns shipment
Singapore authorities confiscated 35.7kg of rhino horns worth $800,000 in largest-ever wildlife seizure. Zero-tolerance stance on illegal endangered species trade enforced.
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Ahsan Iqbal Directs Proactive Planning for Ramazan
Minister Ahsan Iqbal chairs price committee, orders advance supply plans for essential goods to ensure market stability and prevent price hikes during Ramazan. Stay informed.
Saudi Arabia Invests $1 Trillion in United States
Saudi Crown Prince announces historic $1 trillion investment in US economy, strengthening bilateral ties and creating massive economic opportunities for both nations.
Bulgaria Envisions Deeper Economic Ties with Pakistan
Bulgarian Ambassador Irena Gancheva calls for enhanced Pakistan-Bulgaria trade & economic collaboration as they celebrate 60 years of diplomatic relations. Explore the new avenues.
Climate Finance Fails Farmers as Suicide Rates Rise
At COP roundtable, experts confront the widening gap between climate finance promises and reality for vulnerable communities. Farmers' suicides increase as climate crisis deepens. Read more.
Chevron Pakistan & HBL Launch Strategic Partnership
Chevron Pakistan Lubricants partners with HBL to allow credit card holders redeem reward points at Caltex oil change facilities. Enhanced automotive care services now available in key cities.
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CCP Approves Major Corporate Acquisition in Pakistan
Pakistan's Competition Commission approves significant acquisition deal, reinforcing market competition standards. Learn how this decision impacts Pakistan's business landscape.
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