Business
Pakistan Braces for Higher Inflation in November as Border Shutdown Sends Food Prices Soaring
Pakistan’s inflation rate is set to rise in November, as the recent border closure contributes to a sharp spike in food prices, according to a new report. This surge threatens to deepen the cost-of-living squeeze for millions of households already…
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Govt Launches Risk Coverage Scheme to Boost Agri Financing
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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
2 min read
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
3 min read
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
3 min read
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
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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
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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
2 min read
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
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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
2 min read
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…
Pakistan-Qatar LNG Deal Likely to Be Renegotiated
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Pakistan has decided to seek renegotiation of its LNG deal with Qatar after industrial slowdown and lower power demand left the country with more than…
Punjab Govt Reinstates Old Pension Rules for Widows and Daughters
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In a major relief measure, the Punjab government has reinstated the old pension rules, allowing widows and unmarried daughters of deceased government employees to receive…
ECC Greenlights Rs3.5bn to Boost Raast QR Adoption
2 min read
Islamabad: The Economic Coordination Committee (ECC) of the Cabinet approved a set of measures to speed up digital payments and to support people hit by…
SECP Moves to Make Capital Market More Accessible for Retail Investors
2 min read
The Securities and Exchange Commission of Pakistan (SECP) has approved the Capital Market Development Fund (CMDF) and its terms of reference to meet the urgent…
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