Finance
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 Coordination Committee (ECC) made this decision on the State Bank of Pakistan’s recommendation, emphasizing that…
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FBR Resolves Major Income Tax Portal Bug for Salaried Class
2 min read
The Federal Board of Revenue (FBR) has resolved a significant technical issue in its income tax return filing system affecting the salaried class. The bug,…
SBP Foreign Exchange Reserves Rise to $14.34 Billion
2 min read
The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves, which increased by $34 million to reach $14.34 billion as…
SBP Warns Floods Could Challenge Pakistan’s Economic Recovery
2 min read
The State Bank of Pakistan (SBP) has highlighted that while subdued inflation, a relatively stable exchange rate, prudent fiscal policies, and an improved credit rating…
Senators Flag SBP Clause Allowing Officials to Set Own Salaries
2 min read
Senators have raised concerns over a State Bank of Pakistan (SBP) clause that enables its top officials to set their own salaries and benefits without…
Trump Wants EU to Hit India and China with 100% Tariffs
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US President Donald Trump has called on the European Union to impose tariffs of up to 100% on India and China in an effort to…
SBP Tightens Rules, Banks Must Compensate Losses in 2 Days
2 min read
The State Bank of Pakistan (SBP) has ordered commercial banks and financial institutions to reimburse customers for any financial loss resulting from a data breach…
Pakistan Public Debt Skyrockets as Govt Borrows Rs25.4bn Every Day
2 min read
Pakistan public debt has soared to an unprecedented Rs80.5 trillion by the end of June, with an alarming daily addition of Rs25.4 billion, breaching statutory…
CCP Approves Heavy Electrical Complex Acquisition
2 min read
The Competition Commission of Pakistan (CCP) has approved the acquisition of Heavy Electrical Complex (HEC) shares by DW Pakistan (Pvt) Ltd from IMS Engineering (Pvt)…
NEPRA Cuts Electricity Prices by Rs1.79 per Unit
2 min read
The National Electric Power Regulatory Authority (NEPRA) has announced a cut in electricity prices by Rs1.79 per unit for July under the monthly Fuel Cost…
Rs25000 Prize Bond Result Announced for September 2025
2 min read
The September 2025 Rs25000 prize bond draw has been announced by National Savings, with the event taking place in Karachi. Investors holding Rs25000 premium bonds…
Rs40000 Prize Bond Result Announced for September 2025
2 min read
The September 2025 Rs40000 prize bond draw has been officially announced by National Savings, with the event taking place in Peshawar at 9:30 am. Bondholders…
FBR Launches Digital Invoicing System to Streamline Sales Tax
2 min read
The Federal Board of Revenue (FBR) has launched a nationwide digital invoicing system for all sales tax registered taxpayers. The new system links business invoicing…
PSDP 2025-26 Cuts Ministry Budgets, Raises Corporate Funding
2 min read
The Public Sector Development Programme (PSDP) 2025-26 has been announced with a total allocation of Rs1000 billion, down from Rs1093.53 billion in the previous year.…
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