Business
Dubai’s Mashreq Launches Pakistan’s First Islamic-Focused Digital Bank
Dubai-based Mashreq has officially launched Mashreq NEO in Pakistan, marking the country’s first fully Islamic-focused digital banking platform. The move aims to offer Shariah-compliant current and savings accounts with competitive profit rates, targeting salaried professionals, freelancers, women entrepreneurs, and Non-Resident…
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FBR Sales Tax Integration Now Mandatory for Service Providers
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The Federal Board of Revenue (FBR) has announced that FBR sales tax integration will be mandatory for a wide range of service providers starting July…
SBP Buys $6.8B to Boost Reserves, Repay Debt
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The State Bank of Pakistan (SBP) has made a significant move to stabilize its foreign reserves by purchasing $6.8 billion from the interbank market between…
Pakistan Digital Presence Proceeds Tax Raises Alarms for Foreign Investors
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The Asia Internet Coalition (AIC) has voiced serious concerns over Pakistan’s proposed Digital Presence Proceeds Tax (DPPT), introduced through the Finance Bill on June 10…
Pakistan Inflation Rate Drops Sharply in FY2025
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ISLAMABAD: The Pakistan inflation rate for FY2025 dropped significantly to 4.49%, compared to a staggering 23.21% in fiscal year 2023-24, according to fresh data released…
Gwadar Port Expansion Targets New Shipping Routes and Gulf Ferry Services
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The Ministry of Maritime Affairs has rolled out an ambitious Gwadar Port expansion plan, aiming to introduce new shipping lines and a ferry service connecting…
Interbank ATM Withdrawal Fees Hiked by 50% Across Pakistan
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In a move that affects millions of account holders across Pakistan, banks have raised the fee for withdrawing cash from ATMs of banks other than…
Job Seekers Are Fleeing Pak In Large Numbers Despite Economic Growth Claims
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The latest official data shows a sharp rise in the number of Pakistan workers going abroad, which jumped by over 12% in May 2025 alone,…
Pakistan Economic Outlook Brightens with Lower Inflation and Surging Remittances
4 min read
ISLAMABAD: The Finance Division reported that the Pakistan economic outlook continues to strengthen, with inflation projected to stay within 3-4 percent for June 2025. Large…
Finance Bill 2025 Grants Tax Exemptions to 50+ Entities (Complete List)
3 min read
ISLAMABAD: The Finance Bill 2025–26, recently approved by Parliament and now awaiting the signature of President Asif Ali Zardari, introduces more than 50 tax exemptions.…
Pakistan Railways to Enable Card Payments at Stations
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Pakistan Railways has joined hands with Allied Bank Limited to introduce Point of Sale (POS) systems at 348 railway stations nationwide. This new initiative aims…
Public Outcry Erupts Over New Garbage Tax in Punjab
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A new garbage tax in Punjab, set to take effect from tomorrow (July 1), has triggered widespread outrage among citizens and social organisations across the…
Most Bank Accounts in Pakistan Hold Less Than Rs50,000
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Most bank accounts in Pakistan have relatively modest balances, with new central bank figures showing that over 70% of accounts hold deposits of less than…
Nvidia Shares Hit Record as Insiders Sell Over $1 Billion
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Nvidia shares soared to new record highs this month, driven by intense investor enthusiasm for artificial intelligence, even as company insiders sold more than $1…
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