Browsing: Business

China has granted approval for the export of Pakistani milk and dairy products, including cow’s and camel’s milk, starting from November 6. Stringent requirements cover various aspects, from animal sourcing to processing and labeling.

Digitt+ is reshaping agri-fintech in Pakistan, providing farmers with tailored financial solutions. With a strong focus on financial inclusion, it aims to empower the agricultural community with technology-driven innovations.

National Foods secures four accolades, with three from the Dragons of Pakistan and one from Dragons of Asia, showcasing their marketing prowess in the FMCG sector. These awards underscore their global impact and leadership in enriching lives.

PSX hits a record high, surpassing 54,000 points, fueled by optimism in IMF negotiations, monetary policy expectations, and the prospect of political stability ahead of elections. IMF’s review mission may lead to a $700 million tranche release by December 2023 if talks prove successful.

Pakistan’s Himalayan pink salt, showcased at CIIE, comes from extensive salt deposits, including the world-famous Khewra Salt Mine. Pakistan aims to safeguard its salt’s origin through Geographical Indication, while its exports to China have shown growth, albeit with a slight decline in the first half of this year.

Meezan Apni Bike Financing offers flexibility with 1, 2, or 3-year terms, enabling customers to buy motorcycles from popular brands. Customers in major Pakistani cities can make payments through direct debit, and the financing follows Shariah-compliant Musawammah mode, with strict document requirements based on employment status.

The Pakistan Stock Exchange’s KSE-100 index achieved an “all-time high,” surpassing 53,000 points with a 1 percent gain, signaling improved market confidence. Analysts expect reduced economic and political uncertainties to continue driving the market upward, although valuations remain relatively low when considering dividends and bonuses.

General elections in the country have been set for February 8th next year following discussions between the President and the Chief Election Commissioner, in compliance with a Supreme Court directive. The meeting also assessed the progress of election preparations and delimitation by the Election Commission of Pakistan.

Mobilink Bank reports significant growth in Q3 2023, demonstrating its commitment to supporting MSMEs and delivering innovative solutions. As part of the VEON group, the bank contributes to digital inclusion and economic growth across multiple countries.

The FBR surpassed its revenue goal, collecting Rs2.75 trillion in July-October, but faces a challenge as millions of individuals and companies failed to file their annual tax returns. The FBR is now taking steps to register one million non-filers and send notices to those who paid withholding taxes but didn’t file their returns.