Pakistan Sees Record 5.9 Million Tax Filings by October 31 as Digital Compliance Gains Momentum
Pakistan’s tax return filings reached a record 5.9 million by October 31, 2025, driven by a nationwide digital compliance campaign and rising taxpayer participation, marking a 17.6% increase from last year.
FBR Lifestyle Monitoring Cell Flags High-Spending Taxpayers With Minimal Declared Income for Enforcement Action
The FBR’s Lifestyle Monitoring Cell has flagged individuals displaying extravagant lifestyles while declaring unusually low income, forwarding cases to headquarters and regional tax offices for enforcement amid rising pressure to meet revenue targets.
LUMS and HBL Partner to Advance Electric Mobility Through Commercial EV Financing Framework in Pakistan
LUMS and HBL have signed an MoU to develop commercial financing solutions for Pakistan’s Battery Swapping Network, supporting EV adoption and enabling affordable electric three-wheeler deployment backed by research and structured lending.
Bank Alfalah and Shell Pakistan Roll Out Raast P2M QR Payments Across Fuel Stations
Bank Alfalah and Shell Pakistan have launched Raast P2M QR payments at 42 Shell fuel stations, enabling customers to scan and pay using any Raast-enabled banking app and advancing Pakistan’s digital payment ecosystem.
Pakistan Set to Strengthen Standing in MSCI Frontier Markets Index Ahead of 2025 Review
Pakistan is expected to gain a stronger position in the MSCI Frontier Markets Index with new company inclusions forecasted for November 2025, although near-term foreign inflows are projected to remain limited.
BankIslami and EFU Life Strengthen Partnership to Promote Shariah-Compliant Protection and Savings
BankIslami and EFU Life Assurance Ltd. have reinforced their partnership to offer Shariah-compliant protection and savings solutions, including EFU Takaful Spiritual Journey Plan and WIN Savings Plan, promoting financial inclusion in Pakistan.
Meezan Bank Deepens Visa Partnership to Accelerate Digital Islamic Banking and Premium Debit Services in Pakistan
Meezan Bank Deepens Visa Partnership to Accelerate Digital Islamic Banking and Premium Debit Services in Pakistan
BankIslami Appoints Ayub Muhammad as Head of Service Quality & CX to Elevate Customer Experience
BankIslami has appointed Ayub Muhammad as Head of Service Quality & CX, bringing over 18 years of banking experience to enhance customer journeys, implement AI-driven automation, and strengthen service frameworks.
PayFast, Unity Retail, and SLGTrax Launch Rah-e-Raast, Pakistan’s First Merchant-Friendly Raast QR Payment Solution
PayFast, Unity Retail, and SLGTrax have collaborated to introduce Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution, enabling seamless digital payments directly via parcel airway bills and transforming doorstep transactions.
First Women Bank Limited Integrates with 1GO Raast P2M Service to Empower Merchants
First Women Bank Limited has joined the 1GO Raast P2M platform, enabling merchants across Pakistan to accept digital payments seamlessly, enhancing financial inclusion and streamlining transactions.