Pakistanis are likely to face a significant increase in the petroleum levy in the upcoming fiscal year 2025-26 budget, as… Read More
SBP Buys $5.9 Billion From Interbank Market in 9 Months
The State Bank of Pakistan (SBP) purchased US$ 223 million worth of foreign currency (USD) from the interbank FX market… Read More
Rate of Remittance Inflows By Overseas Pakistan Lowest in the Region: Report
Pakistan is projected to receive $38 billion in remittances during the current fiscal year (FY25), yet its per expatriate remittance… Read More
Azgard Nine Confirms Creditor Banks Seek Court Relief Over Unpaid Muzaffargarh Land Deal
Azgard Nine Limited (PSX: ANL) informed the Pakistan Stock Exchange on Monday that the agent banks of its creditors have… Read More
UAE Banks to Increase Minimum Balance Requirement
Several leading banks in the United Arab Emirates are preparing to raise the minimum balance requirement for current accounts from… Read More
FBR Makes 11th Hour Attempt to Meet Rs. 12.33 Trillion Tax Revenue Target
With just weeks left before the budget presentation, the Federal Board of Revenue (FBR) has intensified its enforcement and collection… Read More
Pakistan’s Ongoing Crypto ‘Revolution’ is No Way Near Where it Should Be
Pakistan’s decision to allocate 2,000 megawatts of electricity to Bitcoin mining and AI data centers lacks common sense. It basically… Read More
PM Appoints Bilal Bin Saqib As SAPM on Blockchain and Crypto
The Prime Minister has appointed Bilal Bin Saqib as the Special Assistant to the Prime Minister (SAPM) on Blockchain and… Read More
NEPRA Approves Multi-Year Tariff for K-Electric’s Transmission and Distribution Segments
K-Electric Limited (PSX: KEL) has announced that the National Electric Power Regulatory Authority (NEPRA) has approved a Multi-Year Tariff (MYT)… Read More
IMF Rejects Several Budget Targets
The International Monetary Fund (IMF) has raised objections to several of the government’s budget targets, including those set under the… Read More
Pakistan’s Urea Stocks Hit 5-Year High in April 2025
Urea inventory in Pakistan surged to a five-year high of 1.1 million tons in April 2025, significantly above the five-year… Read More
Pakistan Allocates 2,000 MW Electricity for Bitcoin Mining and AI Data Centers
In a groundbreaking move to transform Pakistan into a global leader in digital innovation, the Government of Pakistan has announced… Read More
