Finance
National Assembly Panel Postpones Debate on Heavy Mobile Phone Taxes
A meeting of the National Assembly Standing Committee on Finance in Pakistan witnessed strong criticism today over the heavy taxes imposed on mobile phones imported into the country, especially those carried by overseas Pakistanis. The issue was raised by Ali…
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ADB Approves $330 Million Loan to Strengthen Pakistan’s Power Grid
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The Asian Development Bank has approved $330 million in financing for Pakistan’s Second Power Transmission Strengthening Project, a key government initiative aimed at expanding the…
Pakistan to Re-Enter Global Debt Markets with New Eurobond Issuance
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Pakistan is preparing to return to the international debt markets next year through a new Eurobond issuance, ending a nearly five-year break. The move, confirmed…
Fewer Than 700,000 Retailers in Pakistan Use Digital Payments
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Pakistan’s drive toward a cashless economy faces hurdles as fewer than 700,000 retailers are currently connected to digital payment platforms. Despite government efforts, resistance from…
Metro Bus and Orange Line Travel To Cost More in Punjab
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Travel on the Metro Bus and Orange Line will now cost more after the Punjab Mass Transit System increased the price of its T-Cash card,…
Govt to Gradually Phase Out Remittance Incentive Schemes
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The government has approved a gradual phase-out of the Home Remittance Incentive Schemes (HRIS) to ensure foreign exchange inflows remain stable and unaffected. The Economic…
Pakistan and Bangladesh Launch Direct Shipping Link to Boost Trade
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Pakistan and Bangladesh have introduced a new direct shipping link between Karachi and Chittagong, significantly reducing delivery times and enhancing trade efficiency. In a major…
Pace Pakistan Finalizes Sale of Stake in Pace Super Mall
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Pace (Pakistan) Limited has confirmed that it has completed the sale of its entire 56.79 percent shareholding in Pace Super Mall Private Limited to First…
SBP Reserves Rise Again, Cross $14.5 Billion Mark
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Pakistan’s foreign exchange reserves have continued to strengthen, with the State Bank of Pakistan (SBP) reporting another weekly gain, pushing its total reserves above $14.5…
MoITT Seeks Third-Party Review for Cashless Economy Initiative
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The Ministry of Information Technology and Telecommunication has announced that it will conduct a third-party evaluation of the federal government’s cashless economy program. The ministry…
IMF Urges Pakistan to Include SPS Officials in Asset Declarations
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The International Monetary Fund (IMF) has advised Pakistan to broaden its asset declaration requirements by including officials appointed on the Special Pay Scale, in addition…
Pakistan, Germany Seal €114m Development Deal
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Pakistan and Germany on Wednesday wrapped up their bilateral negotiations on development cooperation in Islamabad, with Berlin announcing a new financial and technical commitment worth…
Qatar’s Al-Thani Group Signals Exit From Port Qasim Power Project
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Qatar’s Al-Thani Group has indicated plans to withdraw its 49 percent share from the Port Qasim coal power project, becoming the latest foreign investor to…
Punjab Govt Ends Pension for Future Employees
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The Punjab government has introduced a major policy shift that eliminates pension benefits for future provincial employees under a new ordinance aimed at restructuring its…
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