PBA Chairman Zafar Masud Calls for Urgent Tax Reforms to Ease Pressure on Pakistan’s Banking Sector
Zafar Masud, Chairman of the Pakistan Banks’ Association, stresses the critical need for tax reforms and a broader tax base to relieve mounting pressure on banks and secure Pakistan’s long-term economic resilience.
NIBAF Launches Islamic Banking Training for NBP Officers in Karachi, Led by Mufti Dr. Awais Naeem
NIBAF kicked off the first day of its Islamic Banking Program for RMTs and GMs in Karachi, with sessions led by Mufti Dr. Awais Naeem, focusing on strengthening Shariah banking expertise among National Bank of Pakistan officers.
Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
State Bank of Pakistan Launches WE Finance Code to Boost Funding for Women Entrepreneurs
The State Bank of Pakistan has rolled out the WE Finance Code, an international program designed to close gender financing gaps and promote economic resilience by increasing funding to women-led businesses across Pakistan.
FBR Rolls Out 25-Page “Simplified” E-Filing Tax Form for 2025, Invites Feedback on New Rules
Pakistan’s Federal Board of Revenue has introduced a draft 25-page electronic income tax return form for individuals and companies for tax year 2025, inviting public feedback before finalizing the new compliance framework.
KSE-100 Slides Over 800 Points Amid Broad-Sector Selloff as Global Trade Tensions Stir Caution
Pakistan’s benchmark KSE-100 Index lost more than 800 points amid heavy selling across key sectors, reflecting cautious investor sentiment against the backdrop of global trade tensions and mixed regional market trends.
SBP to Pilot Digital Currency, Advances Virtual Asset Regulations Amid Push to Modernize Financial Ecosystem
Pakistan’s central bank is preparing to launch a pilot for a digital currency and is finalizing laws to regulate virtual assets, signaling a strong shift toward modernizing its financial ecosystem and embracing blockchain-powered innovations.
Pakistan Sees Record $38.3 Billion in Remittances for FY25, Marking 27% Surge Amid Economic Strains
Pakistan recorded an unprecedented $38.3 billion in remittances during FY25, rising 27% from the previous year, underscoring the crucial support of overseas Pakistanis in stabilizing the economy amid ongoing challenges.
Dubai Islamic Bank and JazzCash Forge Partnership to Boost Digital Remittances and Support Pakistan’s Freelance Economy
Dubai Islamic Bank Pakistan and JazzCash have announced a strategic partnership to streamline international remittances and expand tailored digital financial solutions, especially for Pakistan’s growing freelance workforce.
NIBAF Concludes Islamic Banking Training for RMTs and GMs in Lahore to Strengthen Shariah Expertise
NIBAF successfully organized an intensive Islamic banking program in Lahore, aimed at strengthening Shariah banking expertise among regional management teams and general managers. The sessions featured insights from Mufti Ammar Ashraf of KT Bank Pakistan’s Shariah Board.