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Banks to Pay $256 Million to Receive Foreign Remittances This Year
Pakistani banks are expected to pay around $256 million to foreign banks during the current fiscal year for processing workers’ remittances after the government discontinued…
Germany Eyes Bigger Business Relationship With Pakistan
Germany is looking to strengthen its business and economic relationship with Pakistan, with German Ambassador Ina Lepel reaffirming interest in expanding cooperation between German companies…
Govt Nears GEPCO Sale as 11 Investors Submit EOIs
The privatization process of Gujranwala Electric Power Company (GEPCO) has moved to the evaluation and prequalification stage after the government received 11 Expressions of Interest…
Pakistan Seeks More US Financing as It Moves to Reduce Reliance on Chinese Debt
Pakistan is seeking greater financing from the United States while preparing to return to international capital markets as the government works to reduce its reliance…
Exporters With Higher Growth to Get 2% Rebate
The State Bank of Pakistan (SBP) has introduced a performance-based rebate of up to 2% for exporters who increase their exports compared with the previous…
KSE-100 Jumps 643 Points as PSX Opens on Strong Buying
The Pakistan Stock Exchange (PSX) opened Tuesday’s trading session on a strong note, with the benchmark KSE-100 Index gaining 643 points during early trading amid…
Pakistan’s Private Sector Retires Rs. 393 Billion Bank Debt in 45 Days
Pakistan’s private-sector borrowers repaid Rs. 393.4 billion in bank debt during the first 45 days of FY27, reflecting weak demand for business financing amid high…
Oil Prices Fall Below $92 as Traders Shrug Off Latest Iran Sanctions
Global oil prices fell to a one-week low on Tuesday as traders assessed the latest US sanctions against Iran and concluded that the measures posed…
Pakistan’s Single-Digit Inflation Streak Set to End as CPI Rebounds Toward 11%
Pakistan’s single-digit inflation streak is expected to come to an end in August 2026, with consumer price inflation (CPI) projected to rebound toward 11% amid…
Rs10 Note to Disappear: SBP Confirms Coin Replacement
The State Bank of Pakistan (SBP) has formally requested the discontinuation of the Rs10 currency note, with the denomination set to be replaced by a…
Pakistan Secures $763 Million in Foreign Loans and Grants in July 2026
Pakistan secured $763 million in foreign loans and grants in July 2026, marking an increase from $694.5 million received during the same month last year,…
PSW, PAA Sign MoU to Digitalize Air Cargo Charge Collection
The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize the collection of Cargo Throughput Charges…
