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FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) should critically analyse the Customs appraisement-related issues and submit viable and practical recommendations so that these could be resolved in the upcoming federal budget, said Naveed Elahi, Chief Collector Customs (Appraisement) Punjab. Addressing the importers and exporters in FCCI, he assured that the problems at his level would be settled instantly while the valuation issues would be taken up with the Director General Valuation so that import and export consignments could be cleared at the same value across the country. He expressed concern over the over-valuation of micro fabric, computers and…

KARACHI: Banking sector is playing a pivotal role in driving economic revival, with private sector lending reaching Rs 1.5 trillion in the fiscal year (FY26). The Pakistan Banks Association (PBA) on Wednesday highlighted the banking sector’s robust contribution to Pakistan’s ongoing economic revival, citing a record surge in private sector credit during the current financial year. According to PBA, commercial banks have extended approximately Rs 1.5 trillion in financing to the private sector in FY26, a surge in liquidity that is driving 8.33 percent growth in Large-Scale Manufacturing (LSM), validating the sector’s pivotal role in supporting industrial output and job…

ISLAMABAD: The Federal Board of Revenue (FBR) has been accused of creating a hostile environment for the business community, resulting in the exit of multinational companies (MNCs) and local businesses. This criticism was voiced during a meeting of the National Assembly Standing Committee on Commerce, chaired by Jawed Hanif Khan, while discussing recent trends of multinational companies scaling back or exiting their operations in Pakistan. Shaista Pervaiz Malik, a Member of the National Assembly from the treasury benches, expressed strong resentment over what she termed “harassment” by the FBR, saying such actions were forcing companies to leave Pakistan. She also…

KARACHI: Pakistan International Airlines (PIA) is expected to be run by a new owner from April next year and receive fresh capital under a deal to privatise the flag carrier, the country’s privatisation chief said on Wednesday. A consortium headed by the Arif Habib Corporation emerged as the top bidder in a live-televised auction for a 75 percent stake in PIA on Tuesday, marking a breakthrough for the government’s long-delayed privatisation of the carrier. The Arif Habib consortium offered 135 billion rupees (USD482.14 million), surpassing a government reserve price of 100 billion rupees, in a sharp turnaround from last year’s…

LAHORE: A “Leadership & Growth Dialogue” was held at the Lahore Chamber of Commerce and Industry (LCCI), bringing together senior business leaders, corporate executives and policy thinkers to discuss leadership challenges, economic performance and the roadmap for sustainable growth in Pakistan. The speakers unanimously emphasized the need for structural reforms, consistent economic policies, improved governance and evolved, people-centric leadership models to put Pakistan on a sustainable growth path. Chief Operating Officer KFC Pakistan Humayun Sajid shared his personal leadership journey, stating that leadership styles must evolve with time. He said that early in his career he followed a control-driven approach…

KARACHI: Akram Wali Muhammad, President of the American Business Council (ABC), has welcomed the Government of Pakistan’s decision to proceed with the privatisation of Pakistan International Airlines (PIA), terming it a significant milestone in the country’s ongoing efforts toward structural reforms and economic stabilization. He congratulated the Government of Pakistan on its demonstrated commitment to privatising loss-making state-owned enterprises, noting that such measures are essential for improving fiscal discipline, enhancing efficiency, and restoring investor confidence. ABC views this development as a positive and timely step toward strengthening Pakistan’s economy and improving the overall business environment. He further emphasized that consistent…

KARACHI: Fauji Fertiliser Company Limited (FFC) has officially become part of the consortium that emerged as the highest-ranked bidder in the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The Privatisation Commission (PC) has already announced the outcome on December 23, 2025, marking a significant step in the government’s ongoing efforts to privatize the national airline. FFC’s participation in the bid was approved by its Board of Directors, which met on December 24, 2025, to authorise the company’s involvement. As part of the approval, FFC was granted the authority to join the consortium led by Arif Habib Corporation Limited, and…

LAHORE: Jinko Solar’s latest high-efficiency PV module-Tiger Neo 3.0, featuring module efficiency up to 24.8-percent was launched at a ceremony held here at a local hotel in which key stakeholders from the solar industry participated. The newly introduced module represents a significant technological advancement, offering higher energy yield, improved reliability, and optimized performance, particularly suited to Pakistan’s climatic conditions. During the event, Jinko Solar also commemorated the milestone of supplying more than 12 gigawatts (GW) of high-efficiency PV modules across Pakistan over the past 12 years. It may be added that Jinko Solar is the only PV manufacturer to have…

KARACHI: The Pakistan Flour Mills Association (PFMA) has expressed serious concerns over the Wheat Food Policy 2025–26 and urged the authorities to immediately release wheat stocks to flour mills to avert a looming crisis. Speaking at an emergency press conference at the Karachi Press Club on Wednesday, PFMA Sindh Circle Chairman Abdul Junaid Aziz, accompanied by senior leader Mahmood Molvi, Chaudhry Aamir, Abid Khan Mehsud, Ansar Javed, Mumtaz Sheikh and Muhammad Yousuf, accused the provincial government of supplying subsidised wheat to traders instead of flour mills, thereby depriving the people of Sindh of billions of rupees in subsidies. They said…

KARACHI: Sindh Chief Minister Syed Murad Ali Shah presided over a high-level meeting to review the Asian Development Bank’s (ADB) portfolio in Sindh as of December 2025, expressing satisfaction over the scale of ongoing development cooperation while calling for faster implementation and improved disbursement. The meeting, held at CM House, was attended by Provincial Ministers, Dr Azra Fazal Pechuho, Syed Sardar Shah, Jam Khan Shoro, Zulfiqar Shah CM’s Special Assistant on Public Health Saleem Baloch, PSCM Agha Wasif, Chairman P&D Najam Shah, and SMBR Khalid Hyder Shah. The Chief Minister was told that the ADB currently has five active projects…