IFC chief says planning $2 bln annual equity investments in Pakistan for decade By: APP on February 16, 2025International Finance Corporation’s Chief Makhtar Diop has said that IFC is increasing equity investments and eyeing large-scale infrastructure financing in Pakistan, in an investment plan that could unlock $2 billion annually over a decade. “Between now and maybe October, we will be able to progress enough on a couple of transactions that will signal that […]
Office bearers of ICMA assume charge By: News Desk on February 16, 2025Following the decision of the Honourable Islamabad High Court, the notification issued on November 30, 2024, regarding the office bearers of the National Council has been restored. As per this notification, the following office bearers have been duly elected and will continue to serve: President: Mr. Ghulam Mustafa Qazi, FCMA, Vice President: Mr. Muhammad Yasin, […]
FRIA wants better regulatory system to achieve high Ease of Doing Business level By: News Desk on February 16, 2025The Ferozepur Raod Industrial Association (FRIA) has asked the authorities to undertake economic reforms and improve the regulatory environment for better Ease of Doing Business (EDB) level to boost foreign investment so that financial stability can be achieved in the long-run. The FRIA Chairman Shahbaz Aslam stressed the need for reducing cost of doing business, […]
APBF urges central bank to review policies to facilitate private sectora By: News Desk on February 16, 2025The All Pakistan Business Forum (APBF) has stated that the government has been using taxpayers’ money to pay unprecedented returns to the banks, urging the central bank to review its policies to facilitate the private sector, as the massive investment in government papers leave little room for lending to the private sector. The APBF President […]
SCCI condemns counterfeit medicine trade By: APP on February 16, 2025Sukkur Chamber of Commerce and Industry (SCCI) on Saturday has condemned the manufacturing and sale of counterfeit medicines, stating that those involved in such activities are playing with human lives for financial gain. The Chamber’s President Muhammad Khalid Kakizai, Senior Vice President Ameet Kumar and other senior members have expressed their support for joint actions […]
Pakistan needs global IT branding: SAP MD By: Agencies on February 16, 2025Pakistan must focus on the international branding of its IT industry to enhance global competitiveness, said Saquib Ahmad, Managing Director of SAP for Pakistan, Iraq, Bahrain, and Afghanistan. He made these remarks while discussing the digital transformation at Pakistan’s leading FMCG company, Tapal Tea, which is embracing cloud innovation through the ‘Rise with SAP’ initiative. […]
Finance Minister leaves for KSA to attend AlUla Conference By: inp on February 16, 2025Finance Minister Mohammad Aurangzeb has left for Saudi Arabia to attend the first high-level “AlUla Conference for Emerging Market Economies”. He is participating in the two-day conference, beginning tomorrow in the ancient historic city of AlUla, at the invitation of his Saudi counterpart. The conference is being organized in collaboration with the International Monetary Fund […]
Sugar available at Rs130/kg in Ramazan: Rana Tanveer By: APP on February 16, 2025Federal Minister for Industries and Production Rana Tanveer Hussain on Saturday said that sugar would be available at Rs 130 per kilogram during Ramazan at stalls set up by sugar mills throughout the country. He said while chairing the Sugar Advisory Board meeting to finalize the sugar prices for the upcoming month of Ramazan, according […]
Govt withdrawn key power of tax policymaking from FBR By: sabah on February 16, 2025The government has withdrawn key power of tax policymaking from the Federal Board of Revenue (FBR), fulfilling one of the major conditions set by the International Monetary Fund (IMF). The FBR will continue to collect tax and will have no role in policymaking, which will now be supervised by Finance Minister Muhammad Aurangzeb. Accordingly, the […]
Two more IMF delegations to visit Pakistan this month By: inp on February 16, 2025Two more IMF delegations will visit Pakistan this month, with separate negotiations to be held for a total loan of $2.5 billion. An IMF delegation will visit Pakistan from February 24, with negotiations between Pakistan and IMF to focus on a new concessional loan of $1.5 billion. The new loan program will be for addressing […]