Finance
IMF Urges Pakistan to Include SPS Officials in Asset Declarations
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 to regular government officers. According to details, the government is developing a framework that will…
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Punjab Borrows Rs405bn In One Month, Raising Concerns Over Fiscal Stress
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Punjab loan surge has put new pressure on provincial finances as the province recorded heavy borrowing in the opening weeks of the fiscal year. The…
CDA Hikes Water and Sewerage Charges in Islamabad
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The Capital Development Authority (CDA) has decided to raise water and sewerage charges in Islamabad. The CDA board has approved the hike in water and…
Al-Ghazi Tractors Swings to Rs75m Loss in H1 2025
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Al-Ghazi Tractors Limited (PSX: AGTL) has reported a net loss of Rs75.15 million for the half year ending June 30, 2025, a sharp downturn from…
Independent Audit of Cashless Economy Initiative 2025 on the Cards
3 min read
The government has decided to conduct an independent review and audit of its “Cashless Economy Initiative 2025,” covering its design, implementation, impact, and governance mechanisms.…
Open Market Dollar Sale Plunges 50% as Grey Market Resurfaces
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The open market dollar sale has recorded a sharp 50 percent decline this month, with currency dealers warning of renewed grey market activity that could…
Sindh Voluntary Retirement Rules Allow Early Exit with Pension Cuts
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The provincial government has notified new Sindh voluntary retirement rules, giving employees the option to retire after the age of 55, though with reduced pension…
SECP Audit Findings Reveal Unauthorised Salary Hikes and Withheld Funds
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An audit by the Auditor General of Pakistan (AGP) has found major financial lapses at the Securities and Exchange Commission of Pakistan (SECP). According to…
JS Bank Half-Year Profit Slumps 45% Amid Margin Pressure and Rising Costs
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JS Bank Limited (PSX: JSBL) reported a sharp decline in earnings for 1HFY25, with consolidated profit after tax falling 45.1% YoY to Rs5.32 bn. Earnings per…
SECP Launches Infrastructure Mutual Funds Framework
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The Securities and Exchange Commission of Pakistan (SECP) has introduced a dedicated Infrastructure Mutual Funds framework under open-end collective investment schemes. The move aims to…
NAB Distributes Rs3.7 Billion in First Phase of B4U Fraud Recovery
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The National Accountability Bureau (NAB) has initiated the first phase of the B4U fraud recovery, distributing cheques worth Rs3.7 billion among 17,500 victims during a…
Pakistan’s Poverty Tied to Provincial Size, Study Suggests Split
3 min read
A new economic study has argued that Pakistan’s oversized provinces are fueling persistent poverty and inequality, urging the government to consider splitting them into smaller…
Govt Launches Risk Coverage Scheme to Boost Agri Financing
2 min read
The federal government has introduced a new risk coverage scheme to encourage banks and microfinance institutions to expand financing for small and marginalized farmers, particularly…
FIA Recovers Millions in Illegal Currency Exchange
2 min read
The Federal Investigation Agency (FIA) has arrested suspects involved in illegal currency exchange and hundi operations, recovering millions in foreign and local currency. A spokesperson…
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