Category: Business News

Ministry of Maritime Affairs has informed the Senate Committee that 40-45 Chinese companies are being dislocated from China and anticipated to set up their plants in Pakistan, especially in Gwadar, in the next two years. The Senate Standing Committee on Maritime Affairs met on Wednesday under the Chairmanship of Senator

The Pakistani Rupee (PKR) has broken its winning streak against the US Dollar (USD) once again and depreciated 73 paisas against the greenback in the interbank market. It depreciated by 0.42 percent against the USD and closed at Rs. 175.04 today after it posted gains of 46 paisas and closed

The GDP [Gross Domestic Product] growth of Pakistan is expected to stay within the range of 4-5 percent in the fiscal year (FY) 2021-22, according to the annual State of the Economy report of the State Bank of Pakistan (SBP) for 2020-21. The report highlights that a broad-based recovery in

Digital transformation can help Pakistan unlock up to Rs. 9.7 trillion ($59.7 billion) in annual economic value by 2030, equivalent to about 19 percent of the country’s GDP in 2020, according to a new report commissioned by Google. The report—released at the Google/P@SHA online event, “Unlocking Pakistan’s Digital Potential”—finds that Pakistan has

The news of a strike by petroleum dealers has become a matter of great worry for motorists across Pakistan. However, Shell has announced that it will also keep all of its Company-Owned-Company-Operated (COCO) filling stations open during the strike from 25 November onward. The company has issued the following statement

The telecom industry recorded a decline in revenue stream by 4.1 percent to Rs. 541.4 billion in FY21 according to the State Bank of Pakistan (SBP). The SBP in its Annual Report 2020-21 on the State of Pakistan’s Economy, stated that the communication subsector contracted during the fiscal year 2021,

A parliamentary panel on Wednesday expressed serious concerns over the huge taxes levied on mobile users and directed the Pakistan Telecommunication Authority (PTA) and the Federal Board of Revenue (FBR) to formulate a comprehensive strategy for the benefit of consumers. The National Assembly Standing Committee on Cabinet Secretariat met with

The Federal Board of Revenue (FBR), in collaboration with the United Nations Office on Drugs and Crime (UNODC), organized outreach and capacity-building sessions for Designated Non-Financial Businesses and Professions (DNFBPs) to ensure AML/CFT compliance in Karachi. The representatives from the Financial Monitoring Unit (FMU), National Counter Terrorism Authority (NACTA), and