ECC Clears Rs11bn PTV Bailout, Petroleum Levy Recovery
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved an Rs11 billion financial bailout for Pakistan Television (PTV) and endorsed a recovery framework…
SBP Dollar Purchases Push Reserves to $14.5 Billion
The State Bank of Pakistan (SBP) has revealed that its dollar purchases from the open market since June 2024 totaled $7.8 billion, raising foreign exchange…
Bank of Balochistan Approved to Boost Provincial Economy
In a major step towards economic independence, the provincial government has approved the establishment of the Bank of Balochistan, addressing a long-standing demand of the…
SBP Opens Fintech Sandbox for Innovative Solutions
The State Bank of Pakistan (SBP) has opened applications for the first cohort of its Regulatory Sandbox (RSB), aiming to drive innovation in Pakistan’s financial…
Pakistan Sees 59% Jump in July Foreign Inflows
Pakistan began the new fiscal year with a strong rise in foreign inflows, recording $695 million in July, marking a 59 percent increase compared to…
Pakistan IT Exports Hit Record $354 Million in July
Pakistan IT exports climbed to an all-time high of $354 million in July, showing a 24 percent year-on-year rise and a 5 percent month-on-month increase,…
BISP Digital Wallet Launched to Benefit 10 Million Families in Pakistan
The BISP Digital Wallet launch by Prime Minister Shehbaz Sharif marks a historic moment for Pakistan. 10 million beneficiaries will now receive support directly into…
Punjab Borrows Rs405bn In One Month, Raising Concerns Over Fiscal Stress
Punjab loan surge has put new pressure on provincial finances as the province recorded heavy borrowing in the opening weeks of the fiscal year. The…
CDA Hikes Water and Sewerage Charges in Islamabad
The Capital Development Authority (CDA) has decided to raise water and sewerage charges in Islamabad. The CDA board has approved the hike in water and…
Al-Ghazi Tractors Swings to Rs75m Loss in H1 2025
Al-Ghazi Tractors Limited (PSX: AGTL) has reported a net loss of Rs75.15 million for the half year ending June 30, 2025, a sharp downturn from…
Independent Audit of Cashless Economy Initiative 2025 on the Cards
The government has decided to conduct an independent review and audit of its “Cashless Economy Initiative 2025,” covering its design, implementation, impact, and governance mechanisms.…
Open Market Dollar Sale Plunges 50% as Grey Market Resurfaces
The open market dollar sale has recorded a sharp 50 percent decline this month, with currency dealers warning of renewed grey market activity that could…
