Finance
Raast QR Codes Now Mandatory: Pakistan Targets 100% Digital Payments
The days of “cash only” retail are numbered. The Finance Division has drafted a major legal amendment to the “Payment Systems and Electronic Fund Transfers Act, 2007”. This move mandates at least one digital payment mode, specifically including Raast QR…
Trending Topics
Pakistan Eyes $750 Million in First Panda Bond Financing
2 min read
Pakistan is preparing to secure about $750 million in the coming weeks through a mix of commercial borrowing and the issuance of its first-ever Panda…
PIA Audit Reveals Rs9.43bn Loss from Free and Discounted Tickets
2 min read
An Auditor General of Pakistan (AGP) audit report has revealed that Pakistan International Airlines (PIA) caused a loss of Rs9.43 billion to the national exchequer…
Govt Moves Ahead with Reforms to Cut Power Costs
2 min read
The federal government has taken a major step forward in its power sector reforms by introducing measures designed to cut power costs for consumers. As…
Standard Chartered Reports 23% Earnings Decline in H1 2025
2 min read
Standard Chartered (Pakistan) has reported a 23% drop in profit after tax for the first half of calendar year 2025, as lower domestic interest rates…
AGP Retracts Rs 375 Trillion Audit Report, Cites Typos
2 min read
In a surprising U-turn, the Auditor General of Pakistan (AGP) has withdrawn its earlier bombshell report that claimed irregularities of Rs. 375 trillion in federal…
SBP Maintains Policy Rate at 11%
2 min read
The State Bank of Pakistan (SBP) has announced its decision to keep the benchmark policy rate unchanged at 11% following the Monetary Policy Committee (MPC)…
Faceless Customs System Causes Rs100bn Loss in Three Months
3 min read
The Faceless Customs Assessment (FCA) system, launched by Prime Minister Shehbaz Sharif in Karachi last year to combat corruption, has caused a staggering Rs100 billion…
Floods Fuel Inflation as SBP Expected to Hold Rate
2 min read
Pakistan is expected to hold its policy rate as floods push food prices higher and complicate monetary decisions. A Reuters poll of 14 analysts showed…
FBR Introduces Whistleblowing System to Track Tax Evasion, Reward Tips
2 min read
The Federal Board of Revenue (FBR) is launching a whistleblowing system to find tax evasion and to reward successful reporters. The system will allow citizens…
SECP Draft Actuarial Valuation Rules 2025 Released
2 min read
The Securities and Exchange Commission of Pakistan (SECP) has released the draft Actuarial Valuation Rules, 2025 for public feedback, marking a key step to strengthen…
Pakistan Launches Trial of National Digital Currency
2 min read
The State Bank of Pakistan (SBP) has officially started the trial phase of its central bank digital currency (CBDC), marking a significant step toward modernizing…
FBR Resolves Major Income Tax Portal Bug for Salaried Class
2 min read
The Federal Board of Revenue (FBR) has resolved a significant technical issue in its income tax return filing system affecting the salaried class. The bug,…
