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NAB Distributes Rs3.7 Billion in First Phase of B4U Fraud Recovery
The National Accountability Bureau (NAB) has initiated the first phase of the B4U fraud recovery, distributing cheques worth Rs3.7 billion among 17,500 victims during a…
Pakistan’s Poverty Tied to Provincial Size, Study Suggests Split
A new economic study has argued that Pakistan’s oversized provinces are fueling persistent poverty and inequality, urging the government to consider splitting them into smaller…
Digital Economic Census 2023: Mosques Outnumber Factories
The Digital Economic Census 2023, released by the Pakistan Bureau of Statistics (PBS) on August 21, presents clear results. The census records 600,403 mosques and…
Govt Launches Risk Coverage Scheme to Boost Agri Financing
The federal government has introduced a new risk coverage scheme to encourage banks and microfinance institutions to expand financing for small and marginalized farmers, particularly…
FIA Recovers Millions in Illegal Currency Exchange
The Federal Investigation Agency (FIA) has arrested suspects involved in illegal currency exchange and hundi operations, recovering millions in foreign and local currency. A spokesperson…
NEPRA Reviews Rs23 Billion Fuel Cost Refund for Consumers
Public sector distribution companies (Discos) have requested a Rs1.69 per unit fuel cost refund for consumers after power consumption fell by five per cent in…
LAAM and Neem Unify Payments for Better Cash Flow for Sellers
LAAM has collaborated with Neem to introduce a new system of payments and a wallet for an organization to its marketplace. The collaboration gives sellers…
RDA Inflows July 2025 Hit $10.748 Billion
Remittances through the Roshan Digital Account rose to ten point seven four eight billion dollars by the end of July 2025. This level marks an…
Askari Bank Profit Up 32% YoY in 1HCY25
Askari Bank has reported a 32% year-on-year increase in profit for the first half of calendar year 2025 (1HCY25), reflecting strong operational performance despite challenges…
Takaful Sector Grows Rapidly in SECP 2024 Insurance Report
The takaful sector in Pakistan’s insurance industry demonstrated remarkable growth in 2024, according to the SECP Insurance Industry Statistics report. Family takaful contributions rose 37%…
Allied Bank Profit Down 21% YoY in 1HCY25
Allied Bank Limited (ABL) has reported a significant decline in profitability for the first half of 2025, as highlighted in the latest Allied Bank Result…
State Bank Declares 1LINK a Designated Payment System
The State Bank of Pakistan (SBP) has formally declared 1LINK (Private) Limited a Designated Payment System, marking a major step in enhancing Pakistan’s digital financial…
