Jazz, along with its associated companies JazzCash and Mobilink Microfinance Bank, invested over Rs33 billion in the first nine months of 2024, strengthening Pakistan’s digital ecosystem across key sectors, including banking, financial services, cloud, data centers, digital healthcare, entertainment and connectivity. The company also contributed Rs97bn in corporate tax, sales tax, import duties
The unprecedented surge in Pakistan’s capital market likely reflects deeper, more complex underlying factors beyond surface-level investor optimism. The country’s benchmark KSE-100 index clocked at 94,763 when the market closed last Friday, up from 76,742 on November 15, 2023, an impressive gain of 18,021 points in one year. This historic surge occurred despite Pakistan’s low GDP growth rate of
Despite internet disruptions and firewall issues, Pakistan’s IT exports rose 35 per cent to $1.21bn during July-October 2024-25. Nasheed Malik of Topline Securities said exports have risen due to IT export companies’ growing client base globally, especially in the Gulf Cooperation Council (GCC) region, relaxation in the permissible retention limit increasing it from 35pc to 50pc in the Exporter
Attracting sizeable foreign investment has always been a dream of successive governments. However, the situation has mostly stayed the same as inflows remained unimpressive despite significant growth in percentage terms. The State Bank of Pakistan (SBP) on Monday reported that the foreign direct investment (FDI) rose 32 per cent to $904 million during July-October FY25 compared to $683m in the
Over one-third of the newly discovered gas reserves would be sold to private companies, a high-level committee decided on Monday. The decision by the committee, led by Deputy Prime Minister Ishaq Dar, came after almost a year-long resistance from government-owned gas companies over this issue. The committee decided to sell 35pc of new gas finds to third-party private entities through a biddi