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The Bank of Punjab Leads Structuring of PKR 17 Billion Islamic Project Finance Facility for Novacare Hospital Islamabad
The Bank of Punjab (BOP) marked the financial close of a PKR 17 billion Syndicated Islamic Project Finance Facility for Novacare Hospitals (Private) Limited at…
SBP Introduces New Shariah Rules for Islamic Banking
The State Bank of Pakistan (SBP) has adopted Shariah Standard No. 30 on Monetization (Tawarruq), issued by the Accounting and Auditing Organization for Islamic Financial…
CCP Develops AI System to Detect Bid Rigging in Govt Contracts
The Competition Commission of Pakistan (CCP) has developed an artificial intelligence-based system to detect bid rigging and collusion in government procurement, a sector the commission…
Gold Prices Remain Stable While Silver Drops Again This Weekend
Stalled US-Iran negotiations are currently driving significant volatility in precious metals. President Trump recently demanded historical conflict compensation from Tehran. This demand effectively freezes ongoing…
Pakistan Attracts $720 Million in Foreign Investment in First Quarter of FY27
Pakistan’s net foreign direct investment (FDI) increased by 20% year-on-year to $720 million during the first three months of fiscal year 2026-27, according to State…
Pakistan Weekly Inflation Falls 0.04% in October 2026
Pakistan’s short-term inflation declined by 0.04% in the week ended October 15, 2026, while year-on-year inflation remained elevated at 11.38%, according to the latest data…
Digital Payments in Pakistan Surge 306% Under Cashless Initiative
Pakistan’s Cashless Pakistan Initiative has recorded significant growth in digital payments, with active digital commerce payment points reaching 2.03 million by June 2026, up 306%…
Pakistan Posts $356M Current Account Deficit in September 2026
Pakistan’s current account took a notable hit this month. The State Bank of Pakistan (SBP) just officially released new data regarding the country’s balance of…
Pakistan to Chair IMF and World Bank Boards for First Time Since 1953
Pakistan has been selected to chair the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group in 2027, marking the…
Govt Weighs New Tax Agency as FBR Misses Targets Despite Repeated Reforms
The government is considering setting up a new tax collection agency or restructuring the existing system after finding the Federal Board of Revenue’s (FBR) performance…
Gold Prices Remain Stable While Silver Rises Today
Stalled US-Iran negotiations are currently driving significant volatility in precious metals. President Trump recently demanded historical conflict compensation from Tehran. This demand effectively freezes ongoing…
FBR Extends Tax Return Deadline as Filings Reach 6.9 Million
The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns from October 15 to October 31, 2026, following demands from…
