Finance
MoITT Seeks Third-Party Review for Cashless Economy Initiative
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 has invited applications from firms to independently review and audit the initiative’s design, execution, impact,…
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Pakistan Enters FY2026 With Lower Inflation, Narrower Deficit
3 min read
Pakistan entered the new fiscal year with signs of macroeconomic stability, as inflation slowed, the fiscal deficit narrowed, external inflows strengthened, and the stock market…
ADB Agrees on ML-1 Project Financing for Pakistan Railways Upgrade
2 min read
The Asian Development Bank (ADB) has formally agreed on ML-1 project financing, unlocking progress on the long-delayed railway upgrade from Karachi to Peshawar. The Economic…
Sindh Assembly Salaries Increased by 200pc
2 min read
The Sindh Assembly salaries have been increased by 200 percent after a sub-committee unanimously approved a bill presented earlier this month. The Sindh Assembly passed…
Pakistan Textile Council Raises Concerns Over Export Facilitation Scheme Amendments
2 min read
The Pakistan Textile Council (PTC) has expressed concern over the recent changes to the Export Facilitation Scheme (EFS), highlighting operational hurdles faced by textile and…
Bank Al Habib Profitability Sees Decline in First Half of 2025
2 min read
Bank Al Habib has posted a decline in profitability for the half-year ended June 30, 2025, as per its latest financial results. The bank reported…
Meezan Bank Profitability Drops 10% in H1 2025 Report
2 min read
Meezan Bank profitability declined in the first half of 2025, as the bank posted a Profit After Tax (PAT) of Rs46.2bn, marking a 10% drop…
ECC Clears Rs11bn PTV Bailout, Petroleum Levy Recovery
2 min read
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved an Rs11 billion financial bailout for Pakistan Television (PTV) and endorsed a recovery framework…
SBP Dollar Purchases Push Reserves to $14.5 Billion
2 min read
The State Bank of Pakistan (SBP) has revealed that its dollar purchases from the open market since June 2024 totaled $7.8 billion, raising foreign exchange…
Bank of Balochistan Approved to Boost Provincial Economy
2 min read
In a major step towards economic independence, the provincial government has approved the establishment of the Bank of Balochistan, addressing a long-standing demand of the…
SBP Opens Fintech Sandbox for Innovative Solutions
2 min read
The State Bank of Pakistan (SBP) has opened applications for the first cohort of its Regulatory Sandbox (RSB), aiming to drive innovation in Pakistan’s financial…
Pakistan Sees 59% Jump in July Foreign Inflows
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Pakistan began the new fiscal year with a strong rise in foreign inflows, recording $695 million in July, marking a 59 percent increase compared to…
Pakistan IT Exports Hit Record $354 Million in July
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Pakistan IT exports climbed to an all-time high of $354 million in July, showing a 24 percent year-on-year rise and a 5 percent month-on-month increase,…
BISP Digital Wallet Launched to Benefit 10 Million Families in Pakistan
2 min read
The BISP Digital Wallet launch by Prime Minister Shehbaz Sharif marks a historic moment for Pakistan. 10 million beneficiaries will now receive support directly into…
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