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Pakistan Eyes New Taxes After Revenue Gap Flags in IMF Review
Pakistan has submitted a contingency fiscal plan to the IMF to avoid a mid-year mini budget, as fresh documents reviewed by the Fund indicate emerging revenue shortfalls. The government has assured the IMF that it is prepared to take early…
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SBP Injects Rs. 400Bn: Shariah-Compliant Mudarabah-Based OMO
2 min read
The State Bank of Pakistan (SBP) has injected Rs. 400 billion into the banking system through a Shariah-compliant Mudarabah-based Open Market Operation (OMO). The short-term…
Gold Prices Hit Historic Peak in Pakistan
2 min read
Gold prices in Pakistan hit a new record high on Friday, tracking the sharp gains seen in the international bullion market. In the local market,…
Govt Weighs Solar and Internet Taxes to Meet IMF Revenue Conditions
2 min read
The government is considering new taxes on solar panels and internet services in consultation with the International Monetary Fund (IMF) to meet revenue targets if…
Pakistan’s Trade Deficit Jumps 34% in Latest Quarter
2 min read
Pakistan’s trade deficit has jumped 34% in the latest quarter due to a drop in exports and a significant rise in imports, raising concerns about…
Unexpectedly, PSO Leans Heavily on Fintech: The Full Story of Payvay, Partnerships & Risks
5 min read
Pakistan State Oil (PSO), the country’s largest oil marketing company, is undergoing one of the boldest strategic pivots in its history. After quietly dissolving its…
Samba Bank Gets SBP’s Green Light to Become a Full Islamic Bank
2 min read
Samba Bank Limited has received in-principle approval from the State Bank of Pakistan (SBP) to convert into a full Islamic bank. This marks a major…
Barq: Saudi Fintech Gets SBP Approval to Launch EMI in Pakistan
2 min read
Saudi Arabian fintech giant barq has secured In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) to set up an Electronic Money Institution (EMI)…
Pakistan’s Economy Gains Momentum as SBP Reports Lowest Fiscal Deficit in 9 Years
2 min read
Pakistan’s economy is showing clear signs of recovery and stability, with the State Bank of Pakistan (SBP) confirming that the fiscal deficit has fallen to…
Gold Prices Hit Record High in Pakistan Amid Global Bullion Rally
2 min read
Gold prices in Pakistan soared to an all-time high on Thursday as global bullion rates continued their upward momentum. According to the All-Pakistan Gems and…
Pakistan’s Inflation May Exceed Target Range in FY26 Amid Rising Food and Energy Costs: SBP
2 min read
Pakistan’s central bank has warned that inflation may surpass its medium-term target of 5%–7% in the latter half of FY2025-26, driven by flood-induced food shortages…
Aljomaih Power Denies K-Electric Stake Sale, Reignites Long-Standing Feud
2 min read
In a major twist to Karachi’s power sector saga, Aljomaih Power Limited (AJP) has denied reports of selling its controlling stake in K-Electric’s parent company,…
ECNEC Approves Rs380 Billion Worth of Projects for National Growth
2 min read
The Executive Committee of the National Economic Council (ECNEC) has approved 12 major development projects worth over Rs380 billion, focusing on agriculture, education, health, infrastructure,…
SBP Seeks Resolution as Roosevelt Hotel Debt Issue Worsens
2 min read
The State Bank of Pakistan (SBP) has raised concerns over the delay in repayment of a National Bank of Pakistan (NBP) loan linked to the…
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