Business

The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Azha. This strategic initiative, in line with SBP’s goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May…

Federal Minister for Information Technology, Shaza Fatima Khawaja has said that Pakistan’s economy is heading in the right direction due to the government’s effective efforts. Addressing a news conference in Lahore on Sunday, she said that policy rate and price hike ratio has considerably reduced and remittances have increased. She…

Prime Minister Shehbaz Sharif has said that broadening of tax net is the foremost priority of the government as it wants to reduce the tax burden on common man by decreasing the tax ratio. He expressed these views while presiding over a review meeting on increasing the tax net and…

The PIP Executive Learning Centre (ELC) serves the oil and gas industry by offering capacity-building programs in both technical and non-technical domains. These training programs are delivered through physical and virtual platforms, ensuring accessibility for professionals across diverse geographic and operational settings. This approach results in significant time and cost…

The easypaisa Digital Bank reported a profit before tax of PKR 840 million, compared to PKR 1,028 million for the same period last year. Despite the decline in the SBP discount rates from 22% to 12%, total revenue grew by 36.2%, driven by strong growth in the deposit and lending…

Finance Minister Muhammad Aurangzeb has arrived in London for a three-day official visit to the United Kingdom. Upon his arrival at Heathrow Airport, he was received by Pakistan’s High Commissioner Dr. Muhammad Faisal, along with officials from the High Commission. The visit aims to strengthen economic ties, attract foreign investment,…

The State Bank of Pakistan (SBP) surprised markets with a larger-than-anticipated cut to its benchmark interest rate, bringing it down by 100 basis points to 11%. The move comes as headline inflation shows signs of stabilizing, and the country’s external position strengthens. According to an analysis by S&P Global Market…

The Competition Commission of Pakistan (CCP) has imposed a collective fine of Rs. 155 million on eight major poultry hatcheries for cartelization and price-fixing of day-old broiler chicks (DOCs).The CCP took suo motu notice of cartelization in the Day-Old Chick (DOC) market and initiated a comprehensive inquiry. The inquiry found…

In a significant step toward strengthening global Web3 ties, Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), met with TRON founder and crypto pioneer Justin Sun during TOKEN2049 in Dubai. The high-level meeting focused on expanding Pakistan’s role in the global blockchain ecosystem and creating meaningful opportunities for…

InfraZamin Pakistan in collaboration with the Securities and Exchange Commission of Pakistan (SECP), British High Commission Islamabad, and the Private Infrastructure Development Group (PIDG) hosted a seminar titled “Green Financing via Debt Capital Markets” in Islamabad. The event brought together senior professionals and international experts from the regulatory, financial, and…

Pakistan’s macroeconomic conditions improved further in H1-FY25, according to the State of Pakistan’s Economy, Half Year Report FY25, released today by the State Bank of Pakistan (SBP). The report noted that headline inflation fell sharply, the current account balance turned into a surplus, and the fiscal deficit was contained to…

World Liberty Financial (WLF) — the decentralized finance (DeFi) platform backed by the U.S. President Donald Trump — has signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and decentralized finance (DeFi) integration across Pakistan.The WLF delegation — including Zachary…

Governor of the State Bank of Pakistan, Mr. Jameel Ahmad, reaffirmed Pakistan’s improving macroeconomic stability and outlook during high-level meetings with senior executives from global financial and investment institutions, including JP Morgan, Standard Chartered, Deutsche, Jefferies, and major credit rating agencies. These engagements took place on the sidelines of the…

Minister for Finance, Senator Muhammad Aurangzeb says Pakistan’s economy is now on the right track and heading towards sustainable growth. Talking to media in Washington on Saturday, he stressed the importance of maintaining the current course and reaffirmed the government’s dedication to implementing ongoing reforms.  He said the economy has…

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Christos Harpanditis, Vice President of Philip Morris International, on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. The Finance Minister appreciated the company’s longstanding commitment to Pakistan and acknowledged its contributions to the…

The Pakistan Lifestyle Furniture Expo in Islamabad is being held from April 25 to 27, with Special Assistant to the Prime Minister, Haroon Akhtar Khan, attending as the Chief Guest. Haroon Akhtar Khan inaugurated the expo by cutting the ribbon and addressed the media, emphasizing the importance of developing Pakistan’s…

K-Electric has officially closed entries for its Energy Progress & Innovation Challenge (EPIC) 2025 following an enthusiastic nationwide response from academia, entrepreneurs, researchers, and startups. As of the final deadline, over 250 entries were received from across Pakistan, reflecting the growing spirit of innovation and localisation in Pakistan’s energy landscape.…

Pakistan’s economy continues to stabilize and is expected to grow by two point seven percent in the current fiscal year as compared to two point five percent in the previous year. According to World Bank’s latest Pakistan Development Update, the real GDP growth will be supported by recovering private consumption…

Finance Minister Muhammad Aurangzeb has invited Turkish investors and businessmen to explore investment opportunities in Pakistan, particularly in the dairy, cheese and livestock sectors. He was talking to Finance Minister of Turkiye Mehmet SimSek on the sidelines of the IMF-World Bank Spring Meetings in Washington.              Muhammad Aurangzeb highlighted the…

Faysal Bank Limited (FBL) demonstrated resilient financial performance and on a standalone basis, reported a Profit before Tax (PBT) of PKR 11.1 billion and net profit stood at PKR 5.1 billion. Impacted by reduction in policy rate and increase in the tax rate from 49% to 53%, Earnings Per Share…

Minister for Finance Muhammad Aurangzeb, participated in a panel discussion on “Revenue Mobilization in the Medium Term” organized by the International Monetary Fund during the 2025 Spring Meetings in Washington. He highlighted the measures being taken by Pakistan to broaden and deepen the tax base, enhance the contribution of agriculture,…