Finance
UBL Faces Criticism Over Withholding Salary Funds on Credit Days
United Bank Limited (UBL) is facing growing public criticism after multiple reports surfaced alleging that the bank has been withholding customer salary funds on credit days for the past two months, delaying access to money for thousands of account holders.…
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Pak Remittances in May 2025 Surge to $3.7 Billion
3 min read
KARACHI: The State Bank of Pakistan (SBP) has reported a strong rise in Pak remittances in May 2025, offering critical support to the country’s external…
Pakistan Minimum Wage 2025-26: Govt Ignores Inflation, Keeps Rates Unchanged
2 min read
Finance Minister Muhammad Aurangzeb confirmed on Wednesday that the minimum wage in Pakistan will remain unchanged at Rs37,000 per month for the financial year 2025-26,…
FBR Can Now Arrest Company Directors, CEOs and CFOs
2 min read
The Federal Board of Revenue (FBR) in Pakistan has recently been granted new powers. Now its Inland Revenue officers are allowed to arrest company directors,…
Cashless Economy Vision Threatened By New Budget
3 min read
Islamabad, June 11, 2025: Pakistan’s federal budget was unveiled yesterday, imposing new taxes on digital transactions and e-commerce. It sparked concern among industry leaders, investors,…
Record Remittance Inflows in May 2025
2 min read
Islamabad: Pakistan has achieved an economic milestone by recording its highest-ever monthly inflow of workers’ remittances in May 2025. This surge in foreign exchange is…
Banks Flag Major Gaps in Pakistan’s New E-Commerce Tax Plan
2 min read
The Pakistan Banks Association (PBA) has expressed significant reservations over the government’s newly proposed tax framework for e-commerce, as introduced in the Finance Bill 2025.…
New Tax Imposed On Online Shopping
2 min read
Pakistan’s government has introduced tax on online shopping and Cash on Delivery (CoD) transactions as part of the Budget 2025-26. The aim is to expand…
10% Salary Increase for Govt Employees Unlikely in Budget ( Now Approved)
2 min read
ISLAMABAD: ( Updated) A 10% salary increase for government employees in the upcoming Budget for 2025–26 now seems unlikely. Government sources indicate that the raise…
Health, Education Costs Soar Despite Low Overall Inflation in Pakistan
2 min read
ISLAMABAD: While inflation in Pakistan reached a historic low of 0.3% in April FY2025, the Economic Survey 2024-25 revealed that health and education sectors continue…
Eid Holidays Cancelled for These Departments, Govt Confirms
2 min read
The Ministry of Finance has officially cancelled Eid-ul-Azha holidays for key staff members directly involved in the preparation of the fiscal year 2025-26 budget. Employees…
Pakistan Trade Deficit Widens to $24 Billion
2 min read
Pakistan’s trade performance for the first eleven months of fiscal year 2024–25 shows a mixed trend, as exports grew moderately while the Pakistan trade deficit…
PM Shehbaz Approves Raw Material Duty Cut for Industrial Growth
2 min read
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a significant raw material duty cut on more than 7,066 tariff lines, targeting raw materials, intermediate goods, and…
Pakistan’s Central Govt Debt Rises by 13.4% YoY
2 min read
The federal government’s total public debt has climbed to nearly Rs. 75 trillion, marking a significant increase of 13.4 percent year-on-year (YoY), according to recent…
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