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Pakistan-Bangladesh trade reaches $1 billion mark: envoy

The Deputy High Commissioner of Bangladesh, Saqib Sadaqat, has said that bilateral trade between Pakistan and Bangladesh has increased by around 20 percent in...

Govt reviews reforms to strengthen Pakistan’s REIT sector

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a virtual meeting of the Focus Group on incentivizing and facilitating the growth of...

Pakistan, South Korea push to fast-track CEPA talks

Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with South Korea’s Trade Minister Yeo Han-koo to review progress on bilateral trade...

Pakistan bans import of goods made through forced labour

The federal government has imposed a ban on the import of goods produced through forced labour in countries where such practices are identified, while...

PATCO Seeds gets regulatory approval as seed business enterprise

In a historic and landmark development for Pakistan’s seed sector, “PATCO Seeds,” an initiative of the Pakistan Agricultural Research Council (PARC), has successfully secured...

Pakistan, Norway sign MoU to open job opportunities for seafarers

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has welcomed the signing of a memorandum of understanding (MoU) with Norway, allowing Pakistani seafarers...

SECP proposes easier digital onboarding for stock investors

The Securities and Exchange Commission of Pakistan has proposed amendments to anti-money laundering regulations to further simplify digital onboarding for investors in the stock...

Pakistan to phase out import barriers under IMF programme

Pakistan has assured the International Monetary Fund (IMF) that it will review and gradually remove more than 2,660 non-tariff barriers that discourage imports, sources...

FBR withdraws tax relief notifications on sugar imports

The Federal Board of Revenue (FBR) has withdrawn earlier notifications related to the extension of reduced sales tax on imported sugar, effectively rolling back...

Govt plans major tariff cuts in upcoming budget

The government has decided to remove a range of non-essential restrictions and trade barriers in the upcoming federal budget for 2026–27, marking a significant...

Freelancers earn $856 million in nine months

Pakistan’s IT sector continues to show sustained growth and stability, driven by reform measures and policy continuity under the Special Investment Facilitation Council, officials...

Attock refinery halts unit amid Islamabad restrictions

Attock Refinery Limited has announced a temporary shutdown of its main crude distillation unit due to operational disruptions caused by traffic restrictions in the...

Pakistan records 29.15 percent increase in mobile phone imports

Pakistan imported mobile phones worth Rs 406.38 billion mobile phone imports during the first nine months of the current fiscal year, reflecting a significant...

Pakistan seeks stronger AIIB partnership for infrastructure growth

Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a detailed meeting with Zou Jiayi on the sidelines of the World Bank–IMF...

Pakistan meets external obligations, tells S&P Global

Pakistan’s Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a detailed meeting with representatives of S&P Global Ratings on the sidelines of...

CPPA seeks 26 paisa hike in electricity tariff under March FCA

The Central Power Purchasing Agency (CPPA) has submitted a request to the National Electric Power Regulatory Authority (NEPRA) seeking an increase in electricity prices...

Finance minister briefs Moody’s on external financing, IMF progress

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a constructive meeting with representatives of Moody’s on the sidelines of the World Bank–IMF...

Pakistan eyes $800 million seafood exports after entry into Russian market

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Friday a major breakthrough in Pakistan's fisheries sector, with 16 local seafood processing...

Pakistan to launch GMTN programme across multiple bond segments

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, addressed the Citi Macro Forum, attended by institutional investors. The Finance Minister confirmed that a Staff-Level...

Pakistan, ADB discuss economic cooperation and reform agenda

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Masato Kanda, President of the Asian Development Bank (ADB), on...

Saudi finance minister leaves after concluding Pakistan visit

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, saw off the Finance Minister of the Kingdom of Saudi Arabia, Mohammed bin Abdullah Al-Jadaan,...

State Bank successfully completes $1.43 billion international bond payment

The State Bank of Pakistan achieved a significant financial milestone on April 7, 2026, by successfully completing the timely payment of a $1.43 billion...

Pakistan, ADB discuss power sector reforms and cooperation

Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari held a meeting with Country Director of the Asian Development Bank Emma Xiaoqin Fan...

China releases guidelines to promote high-quality e-commerce development

BEIJING: Several Chinese government departments have jointly issued guidelines to advance high-quality development of the e-commerce sector, aiming to strengthen its role in supporting...

Govt to launch digital fuel management system at petrol pumps

The federal government has decided to implement a digital fuel management system at petrol pumps, according to official sources. Sources in the Ministry of Information...

Pakistan secures over $5 billion in external financial support

Pakistan’s friendly countries have assured the provision of over $5 billion in financial support, according to official sources. According to media reports,sSources said that after...

Govt moves to ease pressure on import-export sector

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said shipping agents had assured that no war-related surcharges were being imposed on in-transit shipments...

Official contributions in tax policy and reforms recognized

Imtiaz Ali Solangi, Member Federal Board of Revenue has retired from government service. Special Board in Council meeting was held today to commemorate services...

Govt grants tax exemptions worth Rs4,975 billion over two fiscal years

It has been revealed that the federal government granted tax exemptions amounting to Rs4,975 billion over the past two fiscal years. According to sources, during...

Inflation accelerates as weekly price index rises over one percent

Tensions in the Middle East are beginning to have a deeper impact on Pakistan, with inflationary pressures accelerating further in the second week after...

Surplus power package boosts electricity demand across key sectors

The government’s Surplus Power Package has triggered a considerable surge in electricity demand from industrial and agricultural sectors which have consumed a massive 2,164...

Goods transport sector increases fares up to 65 percent

Pakistan Goods Transporters Association has announced a 65 percent increase in freight charges. The fare from Lahore to Karachi has increased from Rs110,000 to Rs180,000,...

Pakistan, Norway sign carbon trading pact

Pakistan and Norway on Wednesday signed the country’s first landmark bilateral agreement under Article 6.2 of the Paris Agreement, opening the door to international...

Pakistan, Romania ports sign MoU to boost maritime cooperation

A historic memorandum of understanding (MoU) has been signed between the Karachi Port Trust and the Port of Constanța in Romania to enhance maritime...

Gwadar Port emerging as strategic maritime hub: Minister

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Sunday said that Gwadar Port is rapidly emerging as a secure and strategic maritime...

Pakistan relaxes export rules for trade via Iran and Central Asia

Pakistan has granted a temporary exemption from the requirement of bank guarantees and letters of credit (L/C) for exports routed through Iran, according to...

Government to introduce app-based subsidised petrol distribution system

The government of Pakistan has decided to introduce subsidised petrol distribution through a mobile application in response to the ongoing energy crisis, according to...

Federal govt develops app for petrol subsidy on two- and three-wheelers

The Federal Government of Pakistan has introduced a mobile application to provide petrol subsidies for low-income citizens, enabling them to purchase fuel at reduced...

Pakistan, Kuwait discuss expanding trade and investment ties

Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, held a high-level meeting with the Nasser Abdulrahman Jassim Al-Mutairi to...

PSO and Oman Trading International explore additional cargoes to boost supply

Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with H.E. Fahad Bin Sulaiman Bin Khalaf Alkharusi to discuss the evolving regional energy...

Maritime ministry pushes port facilitation to attract transshipment cargo

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Wednesday said the government is taking steps to provide maximum facilitation at ports in...

Govt plans digital fuel rationing system for petrol allocation

The federal government has decided to introduce a quota-based system for the allocation of petroleum products as part of a new digital rationing mechanism. According...

Petrol pump owners warn nationwide shutdown over unresolved issues

The All Pakistan Petrol Pump Owners Association (APPPOA) has warned of shutting down thousands of petrol pumps across the country if its concerns are...

OGRA launches digital training session to strengthen oil supply chain

The Oil & Gas Regulatory Authority (OGRA), in collaboration with the Punjab Information Technology Board (PITB), conducted a comprehensive training session on its digital...

Sugarcane expansion hits cotton output in Rahim Yar Khan: report

The rapid expansion of sugarcane cultivation in Punjab’s Rahim Yar Khan district has significantly affected cotton production and quality, according to industry data and...

Pakistan offers incentives to attract transshipment vessels at Karachi Port

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has unveiled a package of fiscal incentives aimed at attracting foreign-flagged transshipment vessels to Karachi...

Pakistan strengthens maritime infrastructure with KGTL project

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry said that dredging of the Karachi Port Trust main channel by KGTL, which began on...

Petroleum Secretary warns of supply disruptions amid Middle East tensions

Pakistan is likely to face an LNG shortage after April 14, which could prevent the power sector from meeting its gas requirements, the Petroleum...

Global tensions highlight need to expand Thar coal use: experts say

Rising global tensions, particularly between the United States and Iran, have once again underscored Pakistan’s heavy reliance on imported fuel, prompting calls to accelerate...

SECP increases Sahulat Account investment limit to Rs30 lakh

The Securities and Exchange Commission of Pakistan has announced an increase in the investment limit for Sahulat Accounts in the stock market, raising it...

Pakistan launches new feeder shipping service linking Karachi to UAE

Pakistan has taken a major step to enhance its maritime trade network with the launch of a new feeder shipping service connecting Karachi Port...

PAC told CDA plot scam caused over Rs1 billion loss

A major land allotment scandal in the Capital Development Authority has caused a loss of more than Rs1 billion to the national exchequer, the...

FBR launches austerity drive, parks 60% official vehicles

Implementing the federal government’s austerity measures, the chairman of the Federal Board of Revenue (FBR) has constituted a high-level committee to introduce additional cost-cutting...

Pakistan begins oil imports via Red Sea route amid Hormuz closure

Pakistan has started importing crude oil through the Red Sea route following the disruption of shipping activities in the Strait of Hormuz, according to...

Over 3,400 companies registered in February: SECP

The trend of increasing new company registrations in the country continued, reflecting a gradual improvement in economic activity. According to data released by the Securities...

KSE-100 drops over 3,700 points amid Iran-US-Israel war fears

The Pakistan Stock Exchange witnessed a sharp downturn on Friday as escalating tensions involving Iran, the United States and Israel triggered heavy selling pressure...

Weekly inflation rises 0.37pc during second ten days of Ramazan

Inflation continued to rise across the country during the second ten days of Ramazan, with weekly inflation increasing by 0.37 percent while the annual...

IMF asks Pakistan to raise petroleum prices as par global market

The International Monetary Fund has asked Pakistan to immediately increase petrol and diesel prices in line with international market rates and avoid providing any...

Industry seeks separate HS code for used footwear imports

A delegation representing Pakistan’s leather and footwear industry called on Federal Minister for Commerce Jam Kamal Khan to discuss key issues affecting the sector,...

Pakistan considers weekly fuel price adjustments

In view of rising global geopolitical tensions, the government is considering changes to the mechanism for determining prices of petroleum products, official sources said. According...

Punjab Revenue Authority records historic 75pc growth in February

In a landmark achievement, the Punjab Revenue Authority (PRA) has recorded a 75 per cent growth rate in tax collection for the month of...

PbIT signs MoU with Canadian firm for geospatial mineral mapping

In a significant step towards modernizing its mineral exploration framework, the Punjab Board of Investment and Trade (PBIT) has signed a memorandum of understanding...

Pakistan shifts from subsidies to strategy at governance forum

Federal Minister for the Board of Investment, Qaiser Ahmed Sheikh, addressed the Pakistan Governance Forum organized by the Ministry of Planning, Development and Special...

SECP data shows 21pc growth in non-banking financial sector

The total assets of Pakistan’s non-banking financial sector rose to Rs6.84 trillion during the first half of the current fiscal year, reflecting robust growth...

Govt moves bill to legalise disputed FBR appointments

The Federal government has introduced an amendment bill in Parliament seeking to provide legal cover to allegedly irregular appointments and unapproved incentives granted within...

FBR orders businesses to link systems within a week

The Federal Board of Revenue (FBR) has directed all registered businesses to integrate their systems with the tax authority within one week in a...

Commerce Minister vows urgent relief for carpet exporters

Federal Minister for Commerce Jam Kamal Khan chaired a meeting with representatives of the Pakistan Carpet Manufacturers and Exporters Association (PCMEA) to review the...

Freelancers set to join $1 billion export club this fiscal year

Pakistani freelancers are on track to join the one billion dollar export club by the end of the current fiscal year, according to the...

Govt weighs export push amid potato surplus

Federal Minister for Commerce Jam Kamal Khan chaired a high-level meeting to review the situation arising from surplus potato production in the country and...

Pakistan’s gold reserves surge to $10.374 billion

According to data released by the State Bank of Pakistan, the country’s total gold reserves have risen to $10.374 billion. Pakistan currently holds 64.76 metric...

Power Division plans targeted subsidies through BISP

The Power Division has finalized a future subsidy framework and will brief an International Monetary Fund (IMF) delegation on recent tariff restructuring and the...

Pakistan and Turkey sign MoUs to boost agri-livestock collaboration

The Special Investment Facilitation Council (SIFC) continues to play a key role in promoting institutional coordination, global partnerships, and an investor-friendly environment. Memorandums of Understanding...

UAE agrees to two-month rollover of $2bn deposit

The United Arab Emirates has agreed in principle to roll over Pakistan’s $2 billion deposit for a short period of two months, providing temporary...

Pakistan, IFAD review 1.2 billion dollar development portfolio

Federal Minister for National Food Security and Research Rana Tanveer Hussain is leading Pakistan’s delegation at the 49th Session of the Governing Council of...

Pakistan, Cambodia explore technology-driven trade partnership at NUST

Federal Minister for Commerce Jam Kamal Khan and Cambodia’s Minister of Commerce Cham Nimul visited the National University of Sciences and Technology (NUST) and...

Pakistan, Saudi Arabia agree on investment-led economic partnership

Federal Minister for Commerce Jam Kamal Khan held a comprehensive meeting with Ibrahim Al-Mubarak, Assistant Minister of Investment of the Kingdom of Saudi Arabia,...

Textiles, pharmaceuticals and SEZs top Pakistan–Cambodia agenda

A delegation-level meeting co-chaired by Federal Minister for Commerce of Pakistan Jam Kamal Khan and Cambodia’s Minister of Commerce Cham Nimul was held today...

FPCCI hosts Cambodia trade minister to boost business ties

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday hosted a business engagement in honour of Cham Nimul, Minister of Commerce...

Pakistan banks to remain stable amid slow economic recovery: Moody’s

International credit rating agency Moody’s has revised Pakistan’s banking sector outlook from positive to stable, citing gradual improvement in economic conditions but ongoing challenges...

Pakistan, Cambodia to co-chair second Joint Trade Committee

Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce, on Monday received Cambodia’s Minister of Commerce Her Excellency Cham Nimul at the...

Pakistan highlights debt reforms at IMF-backed AlUla forum

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday participated in a high-level roundtable titled “Addressing Sovereign Debt Vulnerabilities” at the AlUla...

Petroleum levy collection hits record high in first half of fiscal year

For the first time in Pakistan’s history, petroleum levy collection in the first half of a fiscal year has reached an unprecedented level, official...

Pakistan’s inflation rises to 5.8 pct in January

ISLAMABAD: Pakistan's consumer price index (CPI) inflation rose to 5.8 percent year on year in January 2026, up from 5.6 percent in December 2025,...

FBR announces new property rates for Islamabad

The Federal Board of Revenue (FBR) has issued revised official property rates for Islamabad, applicable to both residential and commercial properties. The new rates...

Pakistan sets $350 million target for gemstone exports by 2030

Despite having billions of dollars worth of gemstones, Pakistan’s share in the global market is only 0.3 percent. To address this, the government has...

Transporters raise fares in Lahore after diesel price hike

Following a hike in diesel prices, transporters in Lahore have unilaterally increased fares, affecting passengers across intercity and local routes. Bus fares have risen by...

World Bank President Ajay Banga arrives in Pakistan for four-day visit

World Bank President Ajay Pal Singh Banga has arrived in Pakistan for a four-day official visit, which will continue until February 4, 2026. During...

Pakistan, Rwanda explore direct sea routes to East Africa

Pakistan and Rwanda are exploring the establishment of direct sea routes from Karachi to major East African ports, including Djibouti and Mombasa, to access...

Per capita public debt jumps 13pc to Rs333,000: Finance Ministry says

The debt burden on every Pakistani increased by 13 per cent during the last fiscal year, reaching Rs333,041 per person, as rising public debt...

ECC clears subsidised sale of imported wheat, Rs22bn loss feared

The Economic Coordination Committee (ECC) of the federal cabinet has approved the auction of 500,000 tons of wheat held by the Pakistan Agricultural Storage...

Pakistan secures $430 million crude oil import deal with US

Pakistan has achieved a major milestone in the energy sector as Synergico Pakistan Limited signed a $430 million commercial agreement to import six million...

Electricity prices likely to rise by 48 paisa per unit for one month

Electricity consumers across the country may face an increase of 48 paisa per unit in power tariffs for one month, following a request filed...

Cotton sector warns of further decline in cultivation next year

The cotton ginning sector has warned of a further decline in cotton cultivation next year, citing a sharp increase in sugarcane prices and extensive...

Power Division calls report on Rs223bn circular debt rise misleading

The Power Division on Monday described reports of a Rs223 billion increase in the power sector’s circular debt during the first five months of...

Mega Leather Show inaugurated in Lahore, over 200 exhibitors participate

Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister for Commerce, inaugurated the Mega Leather Show at the Lahore Expo Center on Monday, highlighting...

Kuwait-backed Islamic digital bank to start operations in Pakistan

Pakistan’s financial sector has received a fresh boost as confidence among global partners continues to strengthen, supported by facilitation from the Special Investment Facilitation...

Economic stability impossible without expanding tax net: FBR chief

Federal Board of Revenue (FBR) Chairman Rashid Langrial said that Pakistan’s economic stability is not possible without expanding the tax base, warning that continued...

Maritime sector posts record Rs100bn profit amid sweeping reforms: Federal Minister

Pakistan’s maritime sector achieved a record profit of Rs100 billion ($360 million) in 2025 following a year of comprehensive reforms aimed at boosting port...

Climate shocks, regional tensions threaten Pakistan’s economy: World Bank

The World Bank has warned that rising regional conflicts, climate-related disasters and tighter global financial conditions pose serious risks to economic recovery in the...

Pakistan Service Global, China’s Golden Star sign Rs 1bn footwear deal

Pakistan and China have approved a joint venture agreement in the footwear manufacturing sector, aimed at strengthening industrial cooperation and technology transfer between the...

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