Business

Web Desk: In order to support Pakistani exporters, Alibaba.com has officially launched a comprehensive suite of online logistics services for streamlining their international trade operations. This initiative aims to equip local businesses with powerful tools to help them access and grow in global markets. By addressing common logistical challenges, Alibaba.com is supporting Pakistani exporters overcome traditional barriers to excel in …

Date: May 19, 2025 | By: NewsMakers Web Desk A major boycott of Turkish goods is gaining momentum across India as tensions rise over Turkiye’s full support for Pakistan in the recent cross-border conflict with India. Following Turkish President Recep Tayyip Erdogan’s public support for Pakistan after India’s military strikes in occupied Kashmir, Indian retailers and platforms are taking action. …

Web Desk: Renowned global financial magazine Barron’s, a sister publication of the Wall Street Journal, has termed Pakistan’s recent economic performance as an “economic miracle” in its latest report. The report warns that investors who fail to pay attention to Pakistan now may regret it later. While noting that the recent armed skirmish with India may not derail Pakistan’s recovery, …

Web Desk – Finance Minister Mohammad Aurangzeb has stated that the recent military escalation with India will not significantly impact Pakistan’s economy and can be managed within the existing fiscal framework, eliminating the need for a fresh economic assessment. In an interview with Reuters on Monday, Aurangzeb emphasized that the confrontation was a “short-duration escalation” and any financial implications would …

Web Desk: British High Commissioner to Pakistan, Jane Marriott, has expressed that the United Kingdom envisions Pakistan as a $2 trillion economy and is eager to expand its investments in the country. According to Dawn News, she shared these views while addressing the 8th edition of the Leaders in Islamabad Business Summit (LIIBS) held in Islamabad. Highlighting the potential of …

Web Desk: If you plan to buy a new iPhone or any other smartphone soon, there’s some good news: prices may not skyrocket after all, thanks to a recent shift in U.S. trade policy. President Donald Trump has announced new tariff exemptions for key technology imports from China, including smartphones, computers, processing chips, and other essential electronics. These exemptions could …

Web Desk: The European Union is preparing a coordinated response to U.S. President Donald Trump’s sweeping tariffs, with member states expected to approve initial countermeasures targeting up to $28 billion worth of U.S. imports—ranging from dental floss to diamonds. This move would align the EU with China and Canada, who have already imposed retaliatory tariffs on U.S. goods, raising fears …

Web Desk: Finance Minister Muhammad Aurangzeb has expressed optimism that the recent US tariff hike on Pakistani exports could become a stepping stone toward deeper economic cooperation between the two countries. Speaking at a press conference in Islamabad on Saturday, Aurangzeb emphasized the need to frame the issue as a win-win opportunity in the medium to long term. “We want …

Key Highlights: Prime Minister Shehbaz Sharif announced a Rs7.41 per unit reduction in electricity prices for domestic consumers and pledged further relief. The electricity tariff for domestic users is now Rs34 per unit, while industrial rates have been slashed by Rs7.59 per unit. The announcement follows a government request to NEPRA, with IMF’s approval for a Re1 per kWh cut …

Web Desk: The Federal Tax Ombudsman (FTO) has ordered the implementation of an 18% sales tax on consumers utilizing solar net metering across Pakistan, following a revenue shortfall of Rs 9.8 billion, as reported by Business Recorder. Immediate Implementation of Sales Tax on Gross Electricity Supply In its directive, the FTO has instructed power distribution companies (DISCOs) and Federal Board …