Buisness Archives - Page 4 of 11

World Bank Approves 2M to Strengthen Pakistan’s Microfinance Sector

World Bank Approves $102M to Strengthen Pakistan’s Microfinance Sector

The World Bank's Board of Directors has approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, aimed at enhancing access to microcredit and bolstering the resilience…

Admin March 19, 2025

Buisness

India and New Zealand to Begin Free Trade Agreement Talks, Says Modi

India and New Zealand have agreed to initiate detailed negotiations for a mutually beneficial free trade agreement (FTA), Indian Prime Minister Narendra Modi announced on Monday following discussions with New…

Admin March 17, 2025

Buisness

Government Employees Unlikely to Get Pay Raise in Next Budget: Finance Ministry

In a significant setback for public servants, Finance Minister Muhammad Aurangzeb announced on Monday that the government is not considering any proposals to raise the salaries or pensions of federal…

Admin March 17, 2025

Buisness

Pakistan establishes Crypto Council for blockchain and digital asset regulation

The Pakistani government has officially established the Pakistan Crypto Council (PCC) to oversee and integrate blockchain technology and digital assets into the nation’s financial system, as announced by the Finance…

Admin March 14, 2025

Buisness

Pakistan’s exports to the US rise 11.23% in seven months of FY25

ISLAMABAD: Pakistan's exports of goods and services to the United States witnessed an 11.23% increase during the first seven months of the fiscal year 2024-25 compared to the same period…

Admin March 12, 2025

Buisness

Passenger Car Sales Surge 44.6% in First Eight Months of Fiscal Year Amid Rising Demand

KARACHI: Passenger car sales in Pakistan witnessed a significant surge of 44.6%, reaching 67,135 units in the first eight months of the current fiscal year. This growth, compared to the…

Admin March 12, 2025

Buisness

Govt Moves Forward with Roosevelt Hotel Privatisation Through Open Bidding

ISLAMABAD: The government has directed the Privatisation Commission to proceed with the privatisation of the Roosevelt Hotel in New York through competitive bidding, leaving the decision on whether to pursue…

Admin March 12, 2025

Remittances could reach a record B this year.

Buisness

Remittances could reach a record $36B this year.

ISLAMABAD: Finance and Revenue Minister Senator Muhammad Aurangzeb provided a detailed update on Pakistan’s economic progress on Tuesday, emphasizing a surge in remittance inflows, rising investor confidence, and the positive…

Admin March 12, 2025

Buisness

SBP Keeps Key Interest Rate at 12%

The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced on Monday that it has decided to maintain the policy rate at 12%. In its official statement, the MPC…

Admin March 10, 2025

Buisness

Government to Launch Digital Prize Bonds for Safer Transactions

The government is set to launch digital prize bonds, which will be managed through a mobile application and linked directly to bank accounts or Central Directorate of National Savings (CDNS)…

Admin March 9, 2025