Finance
Pakistan, Germany Seal €114m Development Deal
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 €114 million for 2025-26. The latest development package targets core sectors including climate and energy…
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NEPRA Reviews Rs23 Billion Fuel Cost Refund for Consumers
3 min read
Public sector distribution companies (Discos) have requested a Rs1.69 per unit fuel cost refund for consumers after power consumption fell by five per cent in…
RDA Inflows July 2025 Hit $10.748 Billion
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Remittances through the Roshan Digital Account rose to ten point seven four eight billion dollars by the end of July 2025. This level marks an…
Askari Bank Profit Up 32% YoY in 1HCY25
2 min read
Askari Bank has reported a 32% year-on-year increase in profit for the first half of calendar year 2025 (1HCY25), reflecting strong operational performance despite challenges…
Takaful Sector Grows Rapidly in SECP 2024 Insurance Report
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The takaful sector in Pakistan’s insurance industry demonstrated remarkable growth in 2024, according to the SECP Insurance Industry Statistics report. Family takaful contributions rose 37%…
Allied Bank Profit Down 21% YoY in 1HCY25
2 min read
Allied Bank Limited (ABL) has reported a significant decline in profitability for the first half of 2025, as highlighted in the latest Allied Bank Result…
Pakistan-Qatar LNG Deal Likely to Be Renegotiated
2 min read
Pakistan has decided to seek renegotiation of its LNG deal with Qatar after industrial slowdown and lower power demand left the country with more than…
Punjab Govt Reinstates Old Pension Rules for Widows and Daughters
2 min read
In a major relief measure, the Punjab government has reinstated the old pension rules, allowing widows and unmarried daughters of deceased government employees to receive…
ECC Greenlights Rs3.5bn to Boost Raast QR Adoption
2 min read
Islamabad: The Economic Coordination Committee (ECC) of the Cabinet approved a set of measures to speed up digital payments and to support people hit by…
KAPCO Attock Cement Acquisition Moves Forward with Binding Offer
2 min read
Marking a key development in the KAPCO Attock Cement acquisition, Kot Addu Power Company Limited (PSX: KAPCO) has submitted a binding offer to Pharaon Investment…
Pakistan Iran Agriculture Trade Target Set at $3 Billion in Two Years
2 min read
Islamabad and Tehran have agreed to expand Pakistan Iran agriculture trade to $3 billion within the next two years, following a high-level ministerial meeting in…
Pakistan Sets Up $1 Billion Panda Bond Program in China
2 min read
Pakistan has established a $1 billion Panda Bond program in China, marking a key step in diversifying the country’s external financing portfolio. The move is…
Pakistan’s Forex Reserves Rise to $19.5 Billion, SBP Reports $11 Million Boost
2 min read
Pakistan’s foreign exchange reserves inched upward again, rising by $11 million during the week ending August 8, according to the State Bank of Pakistan (SBP).…
Government Fast-Tracks Social Initiatives to Boost Skills, Support Farmers, and Promote Energy Efficiency
5 min read
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, today chaired three back-to-back meetings to review the progress of work on major government initiatives scheduled…
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