In a strategic move to diversify its portfolio, Maple Leaf Cement Factory Limited (MLCF) has formally Maple Leaf Cement Factory Limited (MLCF) has announced its plan to acquire a 38% stake in Agritech Limited, a major fertilizer company in Pakistan. This decision was shared through a notice to the Pakistan Stock Exchange (PSX). The move […]
On January 21, 2025, Pakistan and Tunisia reaffirmed their commitment to enhancing diplomatic and economic relations during a high-level meeting at the World Economic Forum Annual Meeting. High-Level Discussion on the Sidelines of WEF Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with Tunisia’s Minister of Foreign Affairs, Mohamed Ali Nafti, to explore […]
Pakistan has achieved a significant milestone by becoming the third largest exporter of sesame seeds globally. This achievement highlights the country’s growing agricultural potential and its ability to compete in the international market for high-demand commodities. Key Facts and Figures Factors Behind the Growth 1. Increase in Cultivation The rise in sesame exports is largely […]
Pakistan and Cambodia have taken significant steps to strengthen their bilateral relationship, focusing on enhancing trade, investment, and cooperation in various strategic sectors. This collaborative move aims to unlock untapped potential between the two nations and create mutual economic opportunities. The initiative stems from a shared commitment to fostering economic growth and regional connectivity. A […]
The Export Facilitation Scheme (EFS) represents a significant step forward in bolstering the export sector by offering tax and duty-free imports to eligible exporters. With over 1,500 businesses benefiting from this initiative, the scheme aims to enhance global competitiveness, reduce operational costs, and promote sustainable economic growth. Understanding the Export Facilitation Scheme The Export Facilitation […]
Navigating the customs clearance process in Pakistan requires a thorough understanding of the procedures, documentation, and regulations in place. This guide provides a detailed overview of the steps involved, helping importers and exporters streamline their operations and avoid potential delays. What is Customs Clearance? Customs clearance is a mandatory process required for all goods entering […]
In a significant step towards fostering economic cooperation and bilateral trade, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have announced the formation of the Pakistan-Bangladesh Joint Business Council (PBJBC). This landmark initiative, reported by Dawn News, aims to enhance trade and […]
In an exciting development for Pakistan’s digital economy, Google Pay is set to launch in the country by March 2025. This move marks a significant milestone in advancing digital payments and financial inclusion across Pakistan. With its user-friendly interface and widespread global presence, Google Pay is expected to revolutionize how people in Pakistan manage and […]
Karachi, Pakistan’s economic hub and largest city, has once again cemented its position as the Pakistan’s leading tax contributor for the fiscal year 2024. According to the Federal Board of Revenue (FBR), the city’s dynamic economic activities and diverse business ecosystem have made it the backbone of Pakistan’s tax revenue generation. Karachi’s Dominance in Tax […]
The Prime Minister of Pakistan recently highlighted the transformative impact of the Faceless Customs Assessment System, lauding it as a significant step towards enhancing transparency, efficiency, and service delivery in customs operations. This initiative represents a leap towards digitizing the Federal Board of Revenue (FBR) and aligns with the broader vision of fostering an investor-friendly […]
