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Standard Chartered Reports 23% Earnings Decline in H1 2025
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
In a surprising U-turn, the Auditor General of Pakistan (AGP) has withdrawn its earlier bombshell report that claimed irregularities of Rs. 375 trillion in federal…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%
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
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
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
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
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
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
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,…
SBP Foreign Exchange Reserves Rise to $14.34 Billion
The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves, which increased by $34 million to reach $14.34 billion as…
SBP Warns Floods Could Challenge Pakistan’s Economic Recovery
The State Bank of Pakistan (SBP) has highlighted that while subdued inflation, a relatively stable exchange rate, prudent fiscal policies, and an improved credit rating…
Senators Flag SBP Clause Allowing Officials to Set Own Salaries
Senators have raised concerns over a State Bank of Pakistan (SBP) clause that enables its top officials to set their own salaries and benefits without…
