KARACHI — Marking a historic milestone for localized manufacturing, Finance Minister Muhammad Aurangzeb virtually chaired the high-profile “Gong Ceremony” at the Pakistan Stock Exchange (PSX) to mark the formal listing of Service Long March (SLM) Tyres Limited. SLM, the country’s premier domestic radial tyre exporter, successfully completed its Initial Public Offering (IPO) amid soaring investor […]
ISLAMABAD — Betting heavily on agriculture to spearhead national economic recovery in the upcoming FY27 framework, Prime Minister Shehbaz Sharif has held deep consultations with farm leaders and value-added industrial corporations. The PM ordered the immediate reconstitution and notification of the National Cotton Board and directed a massive structural modernization of the Pakistan Agricultural Research
ISLAMABAD — The Federal Board of Revenue (FBR) has finalized a comprehensive “Small Taxpayers Guidance System” set to be formally rolled out in the upcoming federal budget. Tailored explicitly for small traders and shopkeepers with an annual turnover of up to Rs20 million, the voluntary scheme introduces simplified registration criteria through the IRIS web portal
Small Traders Tax Scheme: FBR to Launch Simplified Portal for Shopkeepers in FY27 Budget Read More »
KARACHI — The Overseas Investors Chamber of Commerce and Industry (OICCI) has officially released the high-stakes results of its Business Confidence Index (BCI) Survey Wave 29 for Q2 2026. The comprehensive national audit reveals a sudden 9 percentage point drop, dragging overall business sentiment down to a positive 13% compared to 22% in the previous
ISLAMABAD / KARACHI — In a major operational directive to sustain refinery operations, the Oil and Gas Regulatory Authority (OGRA) has formally cleared the Pak-Arab Refinery Limited (PARCO) to export 100,000 metric tonnes of furnace oil in June 2026. Approved by the National Committee on Monitoring of Commodities (NCMC), the massive fuel offloading strategy is
ISLAMABAD — In a sudden shift to control energy expenditures, the district magistrate’s office has officially restored early market closure restrictions across Islamabad starting today. Under the new austerity guidelines, all retail shops, markets, and shopping malls are strictly mandated to close by 8:00 p.m. throughout the week. Restaurants, wedding halls, and grocery stores have
HANGZHOU — Standing before top-tier Chinese business tycoons and global tech leaders at the Hangzhou summit, Prime Minister Shehbaz Sharif formally declared that Chinese business leaders are central to Pakistan’s upcoming “economic transformation and industrial modernization.” Addressing investors directly with the slogan “Pakistan is open for business. Pakistan is reforming. Pakistan is rising,” the government
HANGZHOU / ISLAMABAD — In a major economic breakthrough, Pakistani and Chinese companies have officially signed cooperation agreements and Memorandums of Understanding (MoUs) worth a massive $1.22 billion. The historic deals were finalized at the Pakistan-China Business Conference in Hangzhou, witnessed directly by Prime Minister Shehbaz Sharif and the Governor of Zhejiang Province, Mr. Liu
ISLAMABAD — President Asif Ali Zardari has officially approved the Special Economic Zones (Amendment) Bill 2026. Passed by both houses of Parliament, the new legislation replaces the previous temporary ordinance and completely upgrades Pakistan’s fiscal policy framework. The amended law establishes an investor-friendly dispute resolution mechanism and legally binds federal and provincial governments to provide
KARACHI / LAHORE — Driven by rising grid tariffs, Pakistan’s corporate sector is rapidly expanding its independent clean energy infrastructure. Today, three major industrial consortiums signed long-term corporate Power Purchase Agreements (PPAs) totaling 50MW of rooftop and ground-mounted solar capacity. These captive power plants will supply uninterrupted green electricity directly to manufacturing units in the
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