Finance
AGP Flags Major Irregularities in NBP Stake Sale to Bestway Group
The Auditor General of Pakistan (AGP) has accused the National Bank of Pakistan (NBP) of major procedural and financial discrepancies in the NBP stake sale, which involved divesting 45 percent of its ownership in United National Bank Limited (UNBL), United…
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Govt Eyes $50 Billion Target to Increase Remittances to Pakistan
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ISLAMABAD: In a strategic push to increase remittances to Pakistan, top officials have begun formulating plans to encourage overseas Pakistanis to use official channels, aiming…
Meezan Bank Achieves Historic $2 Billion Market Cap Milestone
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Meezan Bank has officially crossed a $2 billion market capitalization milestone on the Pakistan Stock Exchange, as announced by Topline Securities CEO Sohail Mohammed. This achievement…
SBP Foreign Exchange Reserves Decline by $2.65 Billion in One Week
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The SBP foreign exchange reserves witnessed a sharp decline of $2.65 billion in a single week, dropping to $9.06 billion as of June 20, 2025,…
Fact Check: Has SBP Issued a New Rs1,000 Currency Note?
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A fact check has revealed that the viral Rs1,000 currency note circulating on social media is fake, as confirmed by the State Bank of Pakistan…
SBP: Cash Still Dominates High-Value Payments in Pakistan
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While digital payments in Pakistan continue to grow rapidly, a major challenge persists: high-value transactions remain largely paper-based. According to the State Bank of Pakistan…
Digital Payments Now Make Up 89% of Retail Transactions in Pakistan
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Pakistan’s retail landscape has undergone a significant digital transformation, with nearly 90% of retail payments now processed through digital channels, according to the State Bank…
Pakistan Trade Deficit with Neighbouring Countries Widens by $11.17B
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The Pakistan trade deficit with neighbouring countries widened by 32.82% to $11.17 billion during the first 11 months of the current fiscal year (FY25), compared…
China Approves Partial Rescheduling of $1.8 Billion Debt for Pakistan
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China has agreed to a partial debt rescheduling for Pakistan worth $1.8 billion, which is nearly half of what Islamabad initially requested last year. Despite…
Pakistan, ADB Partner on Rs14 Billion Women Loan Facility
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The government has disbursed Rs14 billion in loans to over 193,000 women under its Women Inclusive Finance Programme, Finance Minister Muhammad Aurangzeb announced during the…
Property Tax Abolished as Govt Confirms new Amendments
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The Federal Government has introduced major tax reforms in the amended Finance Bill 2025–26, offering relief to long-term homeowners while reinforcing customs enforcement and introducing…
Govt Eases Eligibility For Undeclared Asset Holders On Buying Cars & Property
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ISLAMABAD: In a significant shift under the Federal Budget 2025-26, the government has revised the eligibility criteria for buying cars and property, softening its earlier…
PM clarifies income tax rate for low-income salaried class, New Lower rate confirmed
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ISLAMABAD: Prime Minister Shehbaz Sharif clarified on Wednesday that the income tax rate for salaried individuals earning between Rs600,000 and Rs1.2 million annually has been…
IT Ministry launches $78m Project To Enhance Digital Services
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Pakistan is set to enhance its digital public service delivery through the Digital Economy Enhancement Project (DEEP), a $78 million initiative under the Ministry of…
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