Finance
SBP Allows Teenagers to Open Independent Bank Accounts in Pakistan
The State Bank of Pakistan (SBP) has introduced a new regulatory framework enabling teenagers to independently open and operate bank accounts and digital wallets across the country.…
IFC Commits $2.7 Billion for Pakistan to Boost Private Sector and Infrastructure
The International Finance Corporation (IFC) has committed around $2.7 billion for Pakistan this year to support private sector development, infrastructure expansion, and job creation. Federal Minister for…
Govt Spends Over Rs. 67 Crore on Salaries and Perks for Cabinet
The federal government has spent more than Rs. 67 crore on salaries and allowances for cabinet members during the მიმდინარე fiscal year, according to official data. The…
FBR Probes Rs. 48.4 Crore Reward Payments After AGP Audit
The Federal Board of Revenue (FBR) has initiated a special audit into cash rewards worth Rs. 484.44 million (Rs. 48.4 crore) distributed to officials and informers between…
SECP Licenses Pakistan’s First Government-Owned Provincial Life Insurance Company
The Securities and Exchange Commission of Pakistan (SECP) has granted a license to M/s Punjab Life Insurance Company Limited (PLIC), making it Pakistan’s first provincial…
Pakistan Expands Roshan Digital Account Scheme to Foreign Investors
The government of Pakistan has decided to expand the Roshan Digital Account (RDA) scheme, allowing foreign nationals, international companies, and institutional investors to open accounts and invest in government…
SECP Raises Sahulat Account Limit to Rs. 3 Million
Securities and Exchange Commission of Pakistan (SECP) has increased the investment limit for Sahulat Accounts from Rs. 1 million to Rs. 3 million, aiming to make stock…
SECP Approves New Annuity Products to Provide Retirement Income
The Securities and Exchange Commission of Pakistan (SECP) has approved new annuity products designed to provide stable monthly income for individuals after retirement, aiming to strengthen financial security…
Government Revamps Affordable Housing Scheme: Loan Limits Hit PKR 10 Million
The Ministry of Housing and Works recently issued a crucial notification. The Federal Government officially approved major revisions to the “Markup Subsidy and Risk Sharing…
Pakistan & IMF Fail to Reach Staff-Level Agreement After Virtual Talks
Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement. The crucial negotiations covered the third review of the 37-month Extended Fund…
FBR Officials Allegedly Own Assets Far Beyond Declared Income
The Senate Standing Committee on Finance and Revenue was informed on Wednesday that certain Federal Board of Revenue (FBR) officials reportedly held assets far exceeding…
Banking Sector Posts Earnings Growth of 11% YoY in CY25
The Pakistan Stock Exchange banking sector reported cumulative profits of PKR 671 billion in Calendar Year 2025 (CY25), reflecting an 11% year-on-year (YoY) growth. Analysts…
