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Pakistan to Approach UAE for Rollover of $3 Billion Deposit
Pakistan is set to formally request the rollover of a USD 3 billion loan from the United Arab Emirates (UAE), official sources said on Tuesday,…
FBR Forms New Committee for Granting and Cancelling Sales Tax Licences
The Federal Board of Revenue (FBR) has reconstituted its committee responsible for evaluating applications for the grant and cancellation of licences for Sales Tax integration…
Raast QR Codes Now Mandatory: Pakistan Targets 100% Digital Payments
The days of “cash only” retail are numbered. The Finance Division has drafted a major legal amendment to the “Payment Systems and Electronic Fund Transfers…
FBR Targets Pakistan’s Leading Actress in Multi-Year Income Tax Evasion Case
Pakistan’s tax authority, FBR, has opened a high-profile case against a leading television and film actress, alleging large-scale income tax evasion spanning several years. The…
The Raast Revolution: Apps Now Control 81% of Pakistan’s Digital Payments
Pakistan’s shift toward a cashless economy is accelerating at a record pace. The State Bank of Pakistan (SBP) has released its Payment Systems Quarterly Review…
Meezan Bank Appoints Dr. Syed Amir Ali as New President & CEO
Meezan Bank Limited has officially announced a major leadership change. The bank appointed Dr. Syed Amir Ali as its new President and Chief Executive Officer…
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…
