Finance
IT Ministry launches $78m Project To Enhance Digital Services
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…
Pakistan Pushes for Cashless Economy: High Level Committee formed
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
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
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
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
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
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
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
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
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
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
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…

