Business
ICBC Expands Operations as Pakistan Prepares First Panda Bond
The Industrial and Commercial Bank of China (ICBC) has officially set out an expanded roadmap to position Pakistan as South Asia’s financial hub for the renminbi (RMB). This announcement comes as the bank celebrates a decade of successful RMB operations…
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Systems Limited Posts Strong First Half Earnings Growth
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Systems Limited has reported a net profit of Rs. 2,651 million in the second quarter of 2025 after tax. This figure records an increase of…
KAPCO Attock Cement Acquisition Moves Forward with Binding Offer
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Marking a key development in the KAPCO Attock Cement acquisition, Kot Addu Power Company Limited (PSX: KAPCO) has submitted a binding offer to Pharaon Investment…
Amazon Appstore Shutting Down on Android Devices
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Amazon has officially confirmed that the Amazon Appstore will no longer be available on Android devices, marking a major change in the company’s mobile software…
Pakistan Iran Agriculture Trade Target Set at $3 Billion in Two Years
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Islamabad and Tehran have agreed to expand Pakistan Iran agriculture trade to $3 billion within the next two years, following a high-level ministerial meeting in…
Pakistan Sets Up $1 Billion Panda Bond Program in China
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Pakistan has established a $1 billion Panda Bond program in China, marking a key step in diversifying the country’s external financing portfolio. The move is…
Pakistan to Introduce Digital IDs for Citizens in Cashless Economy Push
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Prime Minister Shehbaz Sharif has announced that the government is prioritising the creation of Digital IDs to support Pakistan’s shift toward a cashless economy. Chairing…
T-Bills Lose Appeal as Foreign Investors Pull Out
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Foreign investors are pulling out of Pakistan’s T-bills, making July a difficult opening month for FY26. Weak inflows and significant sell-offs underscored the declining appeal…
Mobile Wallets Gain Momentum with Over 143M Broadband Users
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Minister for IT and Telecom Shaza Fatima has said Pakistan, with over 143 million broadband users, holds strong potential to move toward a cashless economy.…
Govt Sets Bold Targets to Promote Cashless Economy by 2026
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The government has unveiled new national targets under the Prime Minister’s Cashless Economy initiative, tasking the State Bank of Pakistan (SBP) with accelerating the shift…
Ministry Demands Swift Raast QR Code Implementation for Utility Bills
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The Ministry of Finance has directed administrative ministries and regulatory bodies to provide immediate updates on the rollout of Raast QR codes across public utility…
Pakistan’s Forex Reserves Rise to $19.5 Billion, SBP Reports $11 Million Boost
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Pakistan’s foreign exchange reserves inched upward again, rising by $11 million during the week ending August 8, according to the State Bank of Pakistan (SBP).…
FBR Imposes Cash Limit on COD Orders Across Pakistan
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The Federal Board of Revenue (FBR) has set a Rs. 200,000 transaction limit for cash payments on e-commerce Cash on Delivery (CoD) orders. This decision…
Pakistan, Japan Eye Growth in Auto, IT, and Exports
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Pakistan and Japan have agreed to explore deeper industrial cooperation, focusing on automotive, IT, and export-led growth. Special Assistant to the Prime Minister for Industries…
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