Finance
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Religious Leaders Allege SBP Shielded Banks From Interest-Free Deadline
A group of prominent religious leaders has accused the State Bank of Pakistan of granting banks what they describe as de facto immunity from the…
Pakistan Vows To Fast-Track Digital Asset Rules as Binance CEO Arrives for High-Level Talks
Pakistan has accelerated efforts to build a regulated digital asset ecosystem as Binance CEO Richard Teng arrived in Islamabad for high-level talks. In a major…
National Assembly Panel Postpones Debate on Heavy Mobile Phone Taxes
A meeting of the National Assembly Standing Committee on Finance in Pakistan witnessed strong criticism today over the heavy taxes imposed on mobile phones imported…
Pakistani Rupee Gains Slightly Against US Dollar in Intra-Day Trading
The Pakistani rupee posted a modest gain against the US dollar in intra-day trading on Wednesday, offering a brief moment of relief in what has…
Mashreq Bank Unveils Pakistan’s First Current Account With up to 5% Profit
Mashreq Bank Pakistan is ramping up its digital banking ambitions with a new push to capture workers’ remittances and reshape how current accounts work in…
Dubai’s Mashreq Launches Pakistan’s First Islamic-Focused Digital Bank
Dubai-based Mashreq has officially launched Mashreq NEO in Pakistan, marking the country’s first fully Islamic-focused digital banking platform. The move aims to offer Shariah-compliant current…
ADB Approves $330 Million Loan to Strengthen Pakistan’s Power Grid
The Asian Development Bank has approved $330 million in financing for Pakistan’s Second Power Transmission Strengthening Project, a key government initiative aimed at expanding the…
Pakistan to Re-Enter Global Debt Markets with New Eurobond Issuance
Pakistan is preparing to return to the international debt markets next year through a new Eurobond issuance, ending a nearly five-year break. The move, confirmed…
Fewer Than 700,000 Retailers in Pakistan Use Digital Payments
Pakistan’s drive toward a cashless economy faces hurdles as fewer than 700,000 retailers are currently connected to digital payment platforms. Despite government efforts, resistance from…
Metro Bus and Orange Line Travel To Cost More in Punjab
Travel on the Metro Bus and Orange Line will now cost more after the Punjab Mass Transit System increased the price of its T-Cash card,…
Govt to Gradually Phase Out Remittance Incentive Schemes
The government has approved a gradual phase-out of the Home Remittance Incentive Schemes (HRIS) to ensure foreign exchange inflows remain stable and unaffected. The Economic…
Pakistan and Bangladesh Launch Direct Shipping Link to Boost Trade
Pakistan and Bangladesh have introduced a new direct shipping link between Karachi and Chittagong, significantly reducing delivery times and enhancing trade efficiency. In a major…
