Pakistani Fintech ABHI Joins Mastercard Start Path Program for SME Innovation
Pakistani fintech ABHI has been selected for Mastercard’s Start Path Small and Medium Business program, joining global innovators to advance SME-focused digital finance solutions.
Pakistan Raises Petrol Price by Rs4.07 per Litre, Diesel Also Up Ahead of October
The federal government has increased petrol prices by Rs4.07 and diesel by Rs4.04 per litre, effective October 1, following global oil market adjustments and OGRA’s recommendations.
Pakistan Stock Exchange surges past 166,000 points to set new all-time high
The Pakistan Stock Exchange crossed 166,000 points for the first time in its history, reflecting investor optimism, corporate earnings momentum, and improved geopolitical and economic sentiment.
ADB stresses reforms and disaster resilience as drivers of Pakistan’s economic growth
The Asian Development Bank projects Pakistan’s economy to expand steadily, emphasizing sustained reforms and climate resilience as crucial for long-term growth amid structural challenges and recurring disasters.
Business community criticizes government over continuation of Rs3.23/kWh DSS for six years
Pakistan’s business community has voiced strong criticism against the government for celebrating the continuation of the Rs3.23/kWh Debt Service Surcharge for six years, warning that the move unfairly burdens consumers to repay a massive Rs1.225 trillion loan.
Finance Minister Aurangzeb updates German envoy on IMF review and investment opportunities
Finance Minister Muhammad Aurangzeb briefed German Ambassador Ina Lepel on Pakistan’s IMF review mission, economic progress, and investment opportunities, reaffirming commitment to strengthen bilateral trade and cooperation.
SBP issues guidelines on resolution planning and core data requirements for banks
The State Bank of Pakistan has released guidelines on core information requirements for resolution planning, directing banks to prepare detailed data sets for orderly management of distressed institutions and strengthening financial stability.
Pakistan raises Rs209bn through Ijarah Sukuk auction amid strong investor demand
The Government of Pakistan has successfully raised nearly Rs209 billion through its latest Ijarah Sukuk auction, exceeding its target amid robust investor appetite, highlighting confidence in the country’s Islamic finance market.
OGDC receives Rs7.73bn third interest payment under circular debt settlement plan
OGDC has received its third instalment of Rs7.73 billion from Power Holding (Private) Limited under the government’s circular debt settlement plan, marking progress in clearing energy sector liabilities.
Pakistan and IMF begin talks on $7bn Extended Fund Facility and RSF reviews
Pakistan and the IMF have opened talks on the $7 billion Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) reviews, focusing on fiscal performance, governance reforms, and anti-money laundering measures.