Economy

KARACHI, July 31: Arif Habib Limited (AHL) has warned investors against a fraudulent online campaign falsely claiming the company has launched an artificial intelligence (AI)-based investment platform offering guaranteed weekly returns of up to Rs500,000. In a notice submitted to the Pakistan Stock Exchange (PSX) on Friday, AHL said a …

ISLAMABAD, July 31: The Board of Directors of the Institute of Financial Markets of Pakistan (IFMP) has approved the relocation of the institute’s head office to Islamabad as part of a broader strategy to strengthen financial market education, professional training, and capacity building nationwide. However, IFMP will retain a regional …

KARACHI, July 30, 2026: Mayor Karachi Barrister Murtaza Wahab endorsed the proposal to establish a S.I.T.E. Development and Management Company (DMC) and indicated that additional government funding could be sought once ongoing infrastructure projects in the industrial area are completed on schedule. The mayor made the remarks during a meeting …

ISLAMABAD, July 29, 2026: Federal Minister for Commerce Jam Kamal Khan reaffirmed the government’s commitment to improving Pakistan’s business environment by simplifying regulations, supporting small and medium enterprises (SMEs), and expanding the country’s manufacturing base. The minister made the remarks during a meeting with a delegation from the Islamabad Chamber …

ISLAMABAD, July 28, 2026 (TheBizUpdate): Pakistan Telecommunication Company Limited (PTCL) Group reported a 62% year-on-year increase in consolidated revenue for the first half of 2026, as the integration of Ufone and Telenor Pakistan boosted its mobile business and strengthened profitability. The telecom and ICT services provider said consolidated operating profit …

KARACHI, July 29, 2026: Pakistani creators are attracting record global audiences on YouTube, highlighting the country’s growing influence in the digital content economy. Google said more than 140,000 Pakistani YouTube channels have surpassed 10,000 subscribers, while over 19,000 have crossed 100,000 subscribers. In addition, more than 1,200 channels now have …

KARACHI:July 29,2026: The United Arab Emirates’ suspension of visas for Pakistani nationals is disrupting Pakistan’s exports and international trade, said Ismail Suttar, Founder Chairman of the Salt Manufacturers Association of Pakistan (SMAP). Suttar said the UAE is currently not issuing visas to Pakistani citizens under any category. As a result, …

KARACHI, July 29, 2026: Pakistan must strengthen its digital infrastructure and encourage closer collaboration between the public and private sectors to build a competitive artificial intelligence (AI) ecosystem, PTML Chief Technology and AI Officer Awais Vohra said at the GSMA Digital Nation Pakistan Ministerial Roundtable. Speaking during the session, “Building …

KARACHI: Bangladesh’s Deputy High Commissioner in Karachi, H.E. Muhammad Sakib Sadakat, called on Pakistan and Bangladesh to strengthen bilateral trade and expand economic cooperation through closer business-to-business engagement. He said both countries have significant untapped commercial potential that can be unlocked through stronger collaboration and regular trade exchanges. Speaking during …

KARACHI,July 26,2026: North Karachi Association of Trade & Industry (NKATI) President Faisal Moiz Khan has urged the government to reconsider its decision to revise petroleum prices daily. He warned that the policy could seriously affect Pakistan’s industrial sector, exports, and overall economy if authorities fail to review it immediately. In …