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The Herald Today

23 July 2025

Business

Pakistan and Afghanistan sign PTA: report
Pakistan and Afghanistan sign PTA: report

Pakistan and Afghanistan Sign Preferential Trade Agreement In a significant economic move, Pakistan and Afghanistan have formalized a Preferential Trade...

By News-Editor | July 23, 2025 | Category: Business, Latest, World

Babar Ali Foundation and IGI Investments Sell Stakes, Exit Mitchells Fruit Farms
Babar Ali Foundation and IGI Investments Sell Stakes, Exit Mitchells Fruit Farms

Mitchells Fruit Farms Stakeholders Divest to CCL Holding Key investors in Mitchells Fruit Farms Limited (MFFL), which include the Babar...

By News-Editor | July 23, 2025 | Category: Business, Latest

Pakistan gold rate increases: per tola price up Rs3,700
Pakistan gold rate increases: per tola price up Rs3,700

Gold Prices Rise in Pakistan Amid Global Surge Gold rates in Pakistan experienced an increase on Wednesday, mirroring gains observed...

By News-Editor | July 23, 2025 | Category: Business, Latest

Rupee Gains Ground Against US Dollar
Rupee Gains Ground Against US Dollar

Pakistani Rupee Strengthens Slightly Against US Dollar The Pakistani rupee saw a slight improvement against the US dollar, appreciating by...

By News-Editor | July 23, 2025 | Category: Business, World

ADB Raises Pakistan’s FY25 Growth Forecast to 2.7%, Citing Strength in Industry and Services
ADB Raises Pakistan’s FY25 Growth Forecast to 2.7%, Citing Strength in Industry and Services

The Asian Development Bank (ADB) has raised its forecast for Pakistan’s economic growth in fiscal year 2025 to 2.7%, up...

By Web Desk | July 23, 2025 | Category: Business

Government Requires New PIA Owners to Invest Rs 70 Billion Over Five Years
Government Requires New PIA Owners to Invest Rs 70 Billion Over Five Years

Pakistan’s government has set strict conditions for the future owner of Pakistan International Airlines (PIA), requiring an investment of Rs 60–70 billion...

By Web Desk | July 23, 2025 | Category: Business

UK Greenlights £38 Billion Sizewell C Nuclear Project to Power Six Million Homes
UK Greenlights £38 Billion Sizewell C Nuclear Project to Power Six Million Homes

In a pivotal move to revitalize its nuclear energy infrastructure, the UK government has granted final approval to the Sizewell C...

By Web Desk | July 23, 2025 | Category: Business, UK

Systems Limited of Pakistan Considers Acquisition in IT, ITES field
Systems Limited of Pakistan Considers Acquisition in IT, ITES field

Systems Limited Considers Acquisition of IT Business Systems Limited, a prominent software company in Pakistan, has announced that it is...

By News-Editor | July 23, 2025 | Category: Business, Tech

Finance Minister Praises CCP’s Success in Cutting Court Case Backlog
Finance Minister Praises CCP’s Success in Cutting Court Case Backlog

Finance Minister Lauds Competition Commission’s Performance Federal Finance Minister Muhammad Aurangzeb has voiced his approval of the Competition Commission of...

By News-Editor | July 23, 2025 | Category: Business, Latest

PM Advocates Tax System Modernization as FBR Reforms Drive Revenue Growth
PM Advocates Tax System Modernization as FBR Reforms Drive Revenue Growth

The Prime Minister has reaffirmed the government’s commitment to modernizing Pakistan’s tax system, highlighting the recent accomplishments of the Federal...

By Web Desk | July 23, 2025 | Category: Business

PAC Grills FBR Over Sugar Import Tax Exemption: “IMF Blocks Relief for Poor, But Bends for Sugar Mafia?”
PAC Grills FBR Over Sugar Import Tax Exemption: “IMF Blocks Relief for Poor, But Bends for Sugar Mafia?”

A heated session of the Public Accounts Committee (PAC) took place as members sharply criticized the Federal Board of Revenue...

By News-Editor | July 23, 2025 | Category: Breaking News, Business

The brain drain: A creeping national emergency
The brain drain: A creeping national emergency

Unprecedented Brain Drain Grips Pakistan as Skilled Workers Seek Opportunities Abroad Pakistan is currently grappling with a notable surge in...

By News-Editor | July 23, 2025 | Category: Breaking News, Business, Latest

Joselito Jr. Avancena Reappointed as CEO of Nestle Pakistan
Joselito Jr. Avancena Reappointed as CEO of Nestle Pakistan

Nestle Pakistan Announces Key Leadership Appointments Nestle Pakistan Limited declared the reappointment of Joselito Jr. Avancena as Chief Executive Officer...

By News-Editor | July 23, 2025 | Category: Business, Latest

Shehbaz Sharif Praises FBR Reforms as Tax Filers Surge to 7.2 Million
Shehbaz Sharif Praises FBR Reforms as Tax Filers Surge to 7.2 Million

Increase in Income Tax Filers Attributed to FBR Reforms The count of income tax return filers in Pakistan has exceeded...

By News-Editor | July 23, 2025 | Category: Business, Latest

Supreme Court Strikes Down 45% Farm Income Tax
Supreme Court Strikes Down 45% Farm Income Tax

SCA Rejects Agricultural Income Tax, Calls for Boycott The Sindh Chamber of Agriculture (SCA) has voiced its strong opposition to...

By News-Editor | July 23, 2025 | Category: Business, Latest

Customs Sets Values for a Broad Spectrum of Imported Tiles
Customs Sets Values for a Broad Spectrum of Imported Tiles

Customs Valuation Directorate Revises Tile Import Values The Directorate General of Customs Valuation Karachi has established updated customs values for...

By News-Editor | July 23, 2025 | Category: Business, Latest

CCP Under New Management Rolls Out Key Reforms, Says Finance Minister
CCP Under New Management Rolls Out Key Reforms, Says Finance Minister

Islamabad, Pakistan – July 2025 The Competition Commission of Pakistan (CCP), now operating under leadership appointed in August 2023, has...

By Web Desk | July 23, 2025 | Category: Business, Latest

Field Marshal Asim Munir Orders FBR to Suspend New Arrest Powers, Initiate Dialogue with Business Community
Field Marshal Asim Munir Orders FBR to Suspend New Arrest Powers, Initiate Dialogue with Business Community

In a major development aimed at de-escalating tensions between the government’s revenue collection arm and Pakistan’s business community, Field Marshal...

By Web Desk | July 23, 2025 | Category: Business

Pakistan’s Foreign Direct Investment Rises Slightly to $2.46 Billion in FY25
Pakistan’s Foreign Direct Investment Rises Slightly to $2.46 Billion in FY25

Foreign Direct Investment (FDI) in Pakistan saw a marginal increase in fiscal year 2024–25, reaching $2.46 billion, up from $2.35...

By Web Desk | July 23, 2025 | Category: Business, Latest

Pharma exports from Pakistan achieve a 20-year growth peak
Pharma exports from Pakistan achieve a 20-year growth peak

Pakistan’s Pharmaceutical Exports Achieve Two-Decade High Pakistan’s pharmaceutical exports experienced substantial growth in the fiscal year concluding on June 30,...

By News-Editor | July 23, 2025 | Category: Business, Health, Latest