ISLAMABAD: The government has softened its tax enforcement stance while greenlighting a Rs3.951 trillion budget, striking a delicate balance between fostering compliance and fueling economic growth.
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Digital payments hit two billion, dominate 89pc of retail transactions
KARACHI: Digital payments in Pakistan reached 2 billion transactions in the third quarter of fiscal year 2025, capturing 89% of total retail payments, as the country’s shift to a cashless economy gained momentum, the State Bank of Pakistan (SBP) reported on Wednesday.
Nepra cuts base power tariff by Rs1.49 per unit for next fiscal year
ISLAMABAD: Pakistan’s energy regulator slashed the base power tariff by Rs1.49 per unit for the next fiscal year, offering limited relief to consumers grappling with rising electricity costs.
Pakistan, US to wrap up tariff talks next week
ISLAMABAD: Pakistan and the United States are racing to finalise trade negotiations next week to head off steep tariffs that could derail Islamabad’s fragile economic recovery.
WB approves $194m for Balochistan as ADB commits $350m to women’s finance in Pakistan
ISLAMABAD: The World Bank greenlit $194 million for education and water security projects in Balochistan, while the Asian Development Bank (ADB) signed off on a $350 million loan to bolster women’s financial access across Pakistan.
Pakistan sets year-end goal to sell PIA as five final bidders emerge
ISLAMABAD: Pakistan is pressing ahead with plans to sell its national airline, Pakistan International Airlines (PIA), targeting final bids by October and a completed deal by year-end, the country’s privatization chief said, marking Islamabad’s most determined push yet to offload the loss-making carrier after decades of failed attempts and billions in taxpayer bailouts.
Pakistan maps backup oil import plans if Hormuz closes, minister says
ISLAMABAD: Pakistan is mapping out backup plans for its oil imports as the Iran-Israel conflict puts the Strait of Hormuz, a lifeline for global crude, at risk of closure.
PM Sharif sets up committees to push cashless economy
ISLAMABAD: Prime Minister Shehbaz Sharif has formed three committees to drive digital transactions and cut reliance on cash, aiming to boost transparency in an economy where informal cash dealings prevail.
Pakistan stocks sink 3.21 percent as US attack on Iran roils global markets
By Staff Reporter KARACHI: Pakistan’s stock market cratered on Monday, with the benchmark KSE-100 index plunging nearly 3,900 points as escalating tensions between the US
Pakistan assures ample oil stocks after US strikes on Iran rattle markets
ISLAMABAD: The government, seeking to ease concerns over oil supplies, has assured the public that the country holds sufficient petroleum stocks to handle disruptions from the intensifying U.S.-Iran conflict in the Middle East following US military strikes on Iran’s nuclear facilities.