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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SBP Opens Fintech Sandbox for Innovative Solutions
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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
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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…
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
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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…
