News

Azerbaijan to set up trade centre in Lahore

Azerbaijan is set to establish a trade centre in Lahore to strengthen ties between the business communities of both countries and create new opportunities for mutual cooperation. This was announced by Azerbaijan’s Ambassador Khazar Farhadov during his speech at the Lahore Chamber of Commerce and Industry on Monday. “We are going to establish Azerbaijan Trade Centre in Lahore and Pakistan-Aze

Pakistan, Bangladesh joint business council formed

The Fede­r­ation of Pakistan Cham­bers of Commerce and Industry (FPCCI) and the Federation of Bangl­adesh Chambers of Com­merce and Industry (FBCCI) on Monday signed a memorandum of understanding (MoU) to form Pakistan-Bangl­ade­sh Joint Bus­iness Cou­ncil (PBJBC) to strengthen, facilitate and enable trade between the two countries. The delegation headed by FPCCI President Atif Ikram Sheikh als

Textile parks to boost exports

Deputy Prime Minister Ishaq Dar has emphasised the need to establish state-of-the-art textile parks through partnerships with international and domestic investors to boost exports and create jobs. Chairing a meeting of the Work­ing Group for the Establis­hment of Textile Parks in Pakistan on Mon­day, Mr Dar observed that these parks would help drive export-led industrialisation in the country.

Petrol, diesel to cost Rs6 more in next fortnight

The prices of high-speed diesel (HSD), petrol and kerosene are estimated to increase by up to Rs6 per litre on Wednesday for the next fortnight due to higher international prices. Informed sources said the ex-depot petrol price was estimated to go up by Rs5-6 per litre depending on the final calculation on Jan 15. Kerosene and diesel prices are expected to rise by about Rs3 and 2 per litre, res

64pc of adults now have bank accounts

Financial inclusion, i.e the share of the adult population operating a bank account, has jumped from 16 per cent in 2015 to 64pc in 2023, according to the State Bank of Pakistan (SBP). Since 2015, SBP has implemented two National Financial Inclusion strategies (NFIS), 2015-18 and 2019-23, with the goal to improve access and usage of formal financial services by the masses. In the NFIS report