President of the United Business Group (UBG) Zubair Tufail has said that UBG and FPCCI will fully support and collaborate with the government in all efforts aimed at enhancing private-sector linkages and deepening business cooperation between Pakistan and Saudi Arabia. Welcoming the Prime Minister’s Mian Shehbaz Sharif successful visit to the Kingdom of Saudi Arabia and the signing of a mutual
The region’s largest confectionary trade show, ISM Middle East took place from September 15 – 17, featuring over 700 exhibitors from around the world, with 86% international exhibitor participation. Pakistan was represented by 15 exhibitors, who were looking to expand their market reach. Dubai is the hub of such activity, said Lovina Khan, export manager at Danpak Food Industries Pvt. Ltd. D
Massive floods in Pakistan have struck both the rural heartland and industrial centres for the first time in decades, causing billions of dollars in damage while straining food supplies, exports and a fragile economic recovery. The government had been optimistic about 2026, pencilling in 4.2% growth on the back of a rebound in farming and manufacturing after the economy was stabilised under a $
The Pakistan Stock Exchange (PSX) has marked a significant milestone, closing at an all-time high of 158,037 points, reflecting a week-on-week gain of 2.3 per cent. This performance, achieved largely through institutional buying, signals strong investor confidence. Despite a challenging economic backdrop, including the ongoing floods and a decline in foreign direct investment (FDI), liquidity c
Pakistan has a fiscal problem, and the problem cannot be fixed by increasing tax rates. We have reached the point of the cycle where increasing tax rates is counter-intuitive, catalyses an informal economy, and discourages the formation of capital and economic activity within the formal realm. Pakistan has one of the highest corporate tax rates in the world while also having one of the highest