Pakistan and the International Finance Corporation (IFC), the World Bank’s private sector arm, have advanced plans to establish a fund aimed at supporting entrepreneurs and startups, as part of efforts to strengthen the country’s entrepreneurial ecosystem and mobilise private-sector financing. The development came during a high-level meeting between Finance Minister Muhammad Aurangzeb and Simon
Lotte Chemical Pakistan Limited (LOTCHEM) has been renamed to Noventra Limited with effect from October 5, following the completion of its divestment by South Korea’s Lotte Chemical Corporation to PTA Global Holding Limited, a joint venture between Montage Commodities FZCO and Asia Pak Investments. The listed company said in a filing to the Pakistan Stock Exchange on Tuesday. The company sai
The profitability of Pakistan’s listed exploration and production (E&P) companies is expected to increase by 44 percent year-on-year (YoY) in the first quarter of FY27, supported by higher international oil prices and increased oil and gas production, according to Topline Research. However, sector earnings are projected to decline 46 percent quarter-on-quarter (QoQ), mainly due to a Rs54.9 bill
The government on Monday announced revision in petroleum prices, which will remain applicable for Tuesday, October 6. According to an official notification, the petrol price has been increased by 88 paise per litre to Rs393.64. However, the price of High Speed Diesel (HSD) has been reduced by Rs1.88 per litre bringing it to Rs397.76 from Rs399.64. Beyond the base rate increase, the primary c
Pakistan’s seafood exports have witnessed an increase of 74.75 percent in quantity and 74.40 percent in value during the first quarter (July to September) of the current fiscal year (FY) 2026-27, according to seafood export data shared by the Ministry of Maritime Affairs on Monday. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said that Pakistan’s fish and seafood exports