Business
IMF Dismisses Pakistan’s Marginal Power Subsidy Plan for Industry
The International Monetary Fund (IMF) has reportedly rejected a proposed energy relief package from Pakistan’s Ministry of Energy that sought to offer surplus electricity to industrial sectors at marginal cost. According to informed sources, the proposal involved providing up to 8,000 megawatts of surplus electricity to industries — specifically AI, data mining, and manufacturing — […]
Bank Makramah Limited Accelerates Recapitalization with Major Capital Injections and Strategic Asset Sale, Signaling Robust Future Growth
Karachi, July 4, 2025 – Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance […]
BRT Peshawar Fares Revised: Commuters to Pay More from July
In a significant update for Peshawar’s public transit users, TransPeshawar has announced a fare hike for the Bus Rapid Transit (BRT) system, effective July 1, 2025. The updated fare plan was finalized during a session of the company’s Board of Governors, marking the first fare revision in several years. Under the new structure, the per-stop […]
Xiaomi and Gran Turismo announce partnership
Lahore, Pakistan, June 16, 2025 — Xiaomi and Polyphony Digital today announced a landmark partnership at Round One of the Gran Turismo World Series 2025. Under this collaboration, Xiaomi SU7 Ultra — Xiaomi EV’s top-of-the-line high-performance luxury electric vehicle — will debut in the globally acclaimed racing simulator Gran Turismo 7, for PlayStation 4 and […]
Budget 2025-26: Construction Sector and Overseas Pakistanis Poised for Key Concessions
The upcoming federal budget for 2025-26 is shaping up to offer substantial relief to the construction sector and overseas Pakistanis, reflecting a broader strategy to bolster economic activity and encourage remittances into Pakistan’s real estate market. Prime Minister Shehbaz Sharif has reportedly directed top officials to prioritize these areas. According to information from the Federal […]
Pakistan’s Economy on Path to Recovery, Finance Minister Highlights Reforms
Finance Minister Muhammad Aurangzeb on Economic Progress Pakistan’s economy is moving towards stability and growth, thanks to the government’s strategic fiscal policies, according to Finance Minister Muhammad Aurangzeb. Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Aurangzeb reiterated the government’s commitment to necessary policy reforms. His remarks came during a panel […]
Driving Real Estate Growth: GT Properties Brings Expertise to Etihad Town Investment
In an exciting development for the real estate sector, GT Properties, the trusted strategic salespartner of Etihad Town, is now making its mark in Lahore & Sialkot. Known for its innovative, secure, andprofitable investment solutions in Lahore, GT Properties is bringing its wealth of expertise to thisthriving city. As the exclusive sales partner for Etihad […]
Pakistan’s Business Confidence Shows Signs of Recovery: OICCI Survey
Business Confidence Rises Despite Economic Challenges The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled the findings of its latest Business Confidence Index (BCI) Survey, conducted during October and November 2024. The results indicate a remarkable improvement in Pakistan’s business environment, with the index climbing by 9 percentage points since the last survey […]
Pakistan Airports Functioning Smoothly, Says PAA Amid Delay Rumors
Amid reports of extended delays for international travelers at Islamabad International Airport (IIA), the Pakistan Airport Authority (PAA) has confirmed that airport operations remain unaffected nationwide. PAA Refutes Delay Allegations The PAA spokesperson addressed the circulating reports, categorically denying claims of 72-hour delays at IIA or any other airport in the country.“All operations at Pakistan’s […]
Pakistan Records $349 Million Current Account Surplus in October 2024
Pakistan’s economic performance saw a positive shift in October 2024, as the country recorded a current account surplus of $349 million, according to data from the State Bank of Pakistan (SBP). This marks the third consecutive month of surplus, driven by a rise in exports and remittance inflows. In contrast, the same month last year […]