Finance
Pakistani Rupee Gains Slightly Against US Dollar in Intra-Day Trading
The Pakistani rupee posted a modest gain against the US dollar in intra-day trading on Wednesday, offering a brief moment of relief in what has been a turbulent currency environment. According to market data, the slight appreciation came as demand…
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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
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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
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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
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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…
NEPRA Reviews Rs23 Billion Fuel Cost Refund for Consumers
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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
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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
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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
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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
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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…
