Finance
Finance Division Officially Issues Budget Call Circular for FY2026-27
The Finance Division has officially issued the Budget Call Circular (BCC) for the fiscal year 2026-27. This new circular sets a positive economic tone, projecting a GDP growth of 5.1% for the upcoming fiscal cycle. Furthermore, the government anticipates inflation…
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Pakistani Rupee Gains Slightly Against US Dollar in Intra-Day Trading
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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…
Mashreq Bank Unveils Pakistan’s First Current Account With up to 5% Profit
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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…
Dubai’s Mashreq Launches Pakistan’s First Islamic-Focused Digital Bank
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Dubai-based Mashreq has officially launched Mashreq NEO in Pakistan, marking the country’s first fully Islamic-focused digital banking platform. The move aims to offer Shariah-compliant current…
ADB Approves $330 Million Loan to Strengthen Pakistan’s Power Grid
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The Asian Development Bank has approved $330 million in financing for Pakistan’s Second Power Transmission Strengthening Project, a key government initiative aimed at expanding the…
Pakistan to Re-Enter Global Debt Markets with New Eurobond Issuance
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Pakistan is preparing to return to the international debt markets next year through a new Eurobond issuance, ending a nearly five-year break. The move, confirmed…
Fewer Than 700,000 Retailers in Pakistan Use Digital Payments
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Pakistan’s drive toward a cashless economy faces hurdles as fewer than 700,000 retailers are currently connected to digital payment platforms. Despite government efforts, resistance from…
Metro Bus and Orange Line Travel To Cost More in Punjab
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Travel on the Metro Bus and Orange Line will now cost more after the Punjab Mass Transit System increased the price of its T-Cash card,…
Govt to Gradually Phase Out Remittance Incentive Schemes
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The government has approved a gradual phase-out of the Home Remittance Incentive Schemes (HRIS) to ensure foreign exchange inflows remain stable and unaffected. The Economic…
Pakistan and Bangladesh Launch Direct Shipping Link to Boost Trade
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Pakistan and Bangladesh have introduced a new direct shipping link between Karachi and Chittagong, significantly reducing delivery times and enhancing trade efficiency. In a major…
Pace Pakistan Finalizes Sale of Stake in Pace Super Mall
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Pace (Pakistan) Limited has confirmed that it has completed the sale of its entire 56.79 percent shareholding in Pace Super Mall Private Limited to First…
SBP Reserves Rise Again, Cross $14.5 Billion Mark
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Pakistan’s foreign exchange reserves have continued to strengthen, with the State Bank of Pakistan (SBP) reporting another weekly gain, pushing its total reserves above $14.5…
MoITT Seeks Third-Party Review for Cashless Economy Initiative
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The Ministry of Information Technology and Telecommunication has announced that it will conduct a third-party evaluation of the federal government’s cashless economy program. The ministry…
