Finance
Pakistan and Canada Finalize Canola Export Plan
Canada and Pakistan have announced their decision to support the export of Canadian canola to the Pakistani market, according to a joint statement issued late Monday. The development comes as Canada seeks to expand its export destinations after China imposed…
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Pakistan Pushes for Cashless Economy: High Level Committee formed
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Prime Minister Muhammad Shehbaz Sharif has formed a high-level committee to accelerate Pakistan’s transition to a cashless and digitalized economy. The committee, personally chaired by…
JazzCash & Veem Join Hands To Streamline Global Payments
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JazzCash, the premier fintech platform in Pakistan, has formed a strategic partnership with Veem, a San Francisco-based organization. The primary objective of the partnership is…
Punjab Set to Present FY 2025-26 Budget Today
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LAHORE: The Punjab government is all set to unveil its budget for the financial year 2025-26 today, marking a key milestone in Chief Minister Maryam…
FBR Reverses Tax Relief for Low-Income Salaried Persons
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ISLAMABAD: The Federal Board of Revenue (FBR) has reversed the proposed tax relief for low-income salaried persons, according to a statement made during a session…
Govt Sets Rs75,000 Limit on Cash Withdrawals by Non-Filers
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ISLAMABAD: The federal government has increased the cash withdrawal limit from Rs50,000 to Rs75,000 for applying the withholding tax on cash withdrawals by non-filers, aiming…
World Bank Approves Additional $70 Million Credit
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The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing…
BISP Strategic Meeting With Partner Banks To Review Q4 Tranche Disbursement
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The Benazir Income Support Programme (BISP) recently held a crucial high-level coordination meeting with its partner banks. The main concern was to strategize for the…
Petroleum Levy in Pakistan Set to Rise Under IMF Commitments
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ISLAMABAD: The federal government has announced a substantial increase in the petroleum levy in Pakistan for the fiscal year 2025-26, in line with the conditions…
Special Relief Package Confirmed for Armed Forces in the Budget
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ISLAMABAD: A special relief allowance for armed forces personnel was announced as part of the federal budget proposals for fiscal year 2025-26, Secretary of Finance…
IMF Raises Concerns Over Rs344Bn in Unapproved Govt Grants
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ISLAMABAD: The International Monetary Fund has raised concerns over the federal government’s disbursement of Rs344 billion in grants to multiple sectors without obtaining approval from…
Pakistan’s Foreign Exchange Reserves Hit 26-Month High
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KARACHI: Pakistan’s foreign exchange reserves hit a 26-month high, rising by $167 million on a weekly basis, according to the latest data issued by the…
Govt Seeks $2B Loan to Boost Reserves to $14B
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In a recent briefing to the National Assembly Standing Committee on Finance, Finance Minister Muhammad Aurangzeb revealed that the government is working to secure a…
Sindh PAC Flags Minimum Wage Violations in Industries
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KARACHI: The Public Accounts Committee (PAC) of the Provincial Assembly raised serious concerns over the lack of minimum wage implementation in Sindh, revealing that over…
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