Careem Shuts Down Operations in Pakistan
Careem, the Middle Eastern ride-hailing service owned by Uber, has announced that it will suspend its operations in Pakistan starting July 18.
Mehfooz
US$3bn project financing for Reko Diq advances with IFC/IDA loan approval
Reko Diq Mining Company (RDMC) is continuing to progress with the raising of up to US$3 billion of limited recourse project finance to support the development of Phase 1 of the Reko Diq project.
Editor
FPCCI body to negotiate on law regarding businessmen’s arrest
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tuesday rejected the law permitting arrest of businessmen and constituted an eight-member committee led by its President Atif Ikram Sheikh to engage in negotiations with relevant authorities in this regard.
Pakistan and U.S. Move Forward on Key Tariff Discussions
As part of ongoing Pakistan-U.S. discussions on reciprocal tariffs, Finance Minister Senator Muhammad Aurangzeb held a virtual meeting with U.S. Commerce Secretary Howard Lutnick to review and advance the negotiations.
PM Responds to Media Reports on Tax Defaulters’ Arrests, Forms Special Committee
Prime Minister Muhammad Shehbaz Sharif has taken notice of media reports concerning the arrest of tax defaulters and has issued strict directives to ensure that no legal amendments are misused to harass the business community or taxpayers under any circumstances.
PTCL Group & TPL Insurance Partner to Enable Device Financing for Enterprises through Financial Guarantee Framework
PTCL Group (PTCL & Ufone 4G), has partnered with TPL Insurance to launch a groundbreaking financial guarantee system aimed at adoption of digital tools, handhelds and IoT equipment across industries and organizations irrespective of their size.
New Tax Rules for Non-Filers—Higher Withdrawal Limits, Increased Rates
The government has revised the withholding tax on cash withdrawals by non-filers, raising both the tax rate and the exemption threshold under the Finance Bill 2025–26.
Adil Aziz
Zong partners with Axis Mall to launch Pakistan’s first smart building management system
Zong, Pakistan’s leading technology innovation company has partnered with Axis Mall and apartments – V One Associates to deploy the country’s first fully integrated Building Management Solution in a high-rise mixed-use development.
Cars’ sale up 32.10% to 94,388 units during Jul-May 2025
The sale of cars during the first eleven months of the current fiscal year 2024-25 increased by 32.10 percent compared to the same months of last year, Pakistan Automobile Manufacturing Association.
Minister propose revisions in E-Commerce taxation framework to support SMEs
Minister for Commerce Jam Kamal Khan announced on Thursday that E-Commerce Policy 2.0 has reached its final stages of internal review and is nearing completion. The revised policy, aimed at fostering digital trade and empowering small businesses, will soon be presented to the Federal Cabinet for formal approval. This strategic update is expected to enhance regulatory frameworks, streamline operations for online businesses, and strengthen Pakistan’s position in the global digital economy.