Finance
Mashreq Bank Unveils Pakistan’s First Current Account With up to 5% Profit
Mashreq Bank Pakistan is ramping up its digital banking ambitions with a new push to capture workers’ remittances and reshape how current accounts work in the country. The digital bank, one of only two operating in Pakistan, has introduced profit…
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ECC Greenlights Rs3.5bn to Boost Raast QR Adoption
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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
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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
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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
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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
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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
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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…
IMF Delegation Visit to Pakistan Set for Next Economic Review
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The federal government has confirmed that an IMF delegation visit to Pakistan is scheduled for the upcoming economic review, with preparations now finalized. Federal Finance…
SECP Updates Public Offering Regulations
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The Securities and Exchange Commission of Pakistan (SECP) has announced final amendments to the Public Offering Regulations, aimed at streamlining IPO processes, boosting transparency, and…
Audit Finds Five Countries Owe Pakistan Over Rs86 Billion
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Pakistan is still waiting to recover more than Rs86 billion from five countries that have defaulted on payments for decades, official audit documents reveal. These…
Companies Act 2017 Reforms Target Outdated Corporate Regulations
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A high-level subcommittee has proposed significant Companies Act 2017 reforms to align Pakistan’s corporate laws with international standards. Haroon Akhtar Khan, Special Assistant to the…
FBR Sugar Investigation Leads to Suspension of Officials
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The National Assembly’s Standing Committee was briefed on the ongoing FBR sugar investigation, with the tax authority confirming that 14 of its officials have been…
Mari Petroleum Earnings Drop 16% in FY25
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Mari Petroleum has announced its financial results for FY25, posting a 16% year-on-year decline in earnings, with profit recorded at Rs65.1 billion (EPS: PKR54.25) compared…
