A multinational company has unveiled its vision for packaged food exports for the next five years, saying that it plans to earn $50 million in foreign exchange for Pakistan till 2030. Nestle Pakistan made this announcement at a ceremony, “Limitless Possibilities”, which showcased the company’s export journey over the last few years, expanding to 26 countries and generating $23m in 2024. Spe
Liquidity flow from banks to the private sector has changed dramatically, with advances surging to Rs447 billion in the first four months of this fiscal year, compared to a net debt retirement of Rs153 billion in the corresponding period last year. Experts said the surplus liquidity in the government’s account and the steep fall in the interest rate have changed banking in Pakistan. The gove
Pakistan’s exports to European countries resurged in the first quarter of the current fiscal year primarily due to higher shipments to western states. In absolute terms, Pakistan’s exports to the European Union (EU) rose 7.88pc to $2.204 billion in the July-September FY25 from $2.043bn in the same period last year, according to data compiled by the State Bank of Pakistan. The increase was ma
Business leaders have raised concerns about the impact of the five-day workweek observed by the government departments, the State Bank of Pakistan and private banks, highlighting the challenges faced by trade and industry people, especially those working with Gulf Cooperation Council (GCC) countries, which observe a weekly holiday on Fridays. Karachi Chamber of Commerce and Industry (KCCI) Pres
Energy Minister Awais Khan Leghari announced the dissolution of the National Transmission and Dispatch Company (NTDC) on Saturday, dividing it into three companies with specific tasks. Addressing a news briefing, the minister said the NTDC has been divided into three entities — the Independent System Market Operator, the National Grid Company, and the Energy Infrastructure and Development Manag