TPL REIT Announces Potential Divestment of Hoshang Project to Streamline Portfolio
TPL REIT Fund I plans to potentially divest its Hoshang Project through sale of Project-B One Hoshang, subject to regulatory and corporate approvals, reflecting a strategic move to optimize its portfolio in Pakistan’s real estate market.
Pakistan Banking Awards 2025 Marks a Decade of Recognizing Excellence Across the Financial Sector
The Pakistan Banking Awards 2025 celebrates its 10th edition, honoring financial institutions demonstrating leadership, innovation, and excellence across Pakistan’s evolving banking ecosystem.
Zehra Khalikdina Appointed Chief Ethics & Compliance Officer at Mobilink Microfinance Bank
Mobilink Microfinance Bank (MMBL) has appointed Zehra Khalikdina as its new Chief Ethics & Compliance Officer. With her wealth of experience in compliance and ethical leadership, Khalikdina is set to enhance the bank’s commitment to transparency and responsible banking.
Pakistan Approves Passenger and Cargo Ferry Service with Oman to Boost Trade and Tourism
Pakistan has approved a passenger and cargo ferry service with Oman, aiming to strengthen trade, tourism, and economic cooperation. This initiative will connect Gwadar with Oman, supporting regional trade routes and offering a more sustainable alternative to air and sea transport.
SBP Infuses Rs11.6 Trillion into Market through Reverse Repo and Shariah-Compliant OMO
The State Bank of Pakistan (SBP) has injected a total of Rs11.6 trillion into the banking system through a combination of reverse repo and Shariah-compliant Open Market Operations (OMO). This significant liquidity infusion is aimed at addressing market liquidity requirements.
NIBAF Pakistan Hosts Islamic Banking Professional Development Program (IBPD-33) in Faisalabad
NIBAF Pakistan successfully hosted the Islamic Banking Professional Development Program (IBPD-33) in Faisalabad, focusing on enhancing participants’ understanding of Islamic finance principles, Shariah-compliant products, and regulatory frameworks.
Petroleum Division and Ogra Urged to Resolve Grid Levy and RLNG Charges Issues for Textile Sector
The Ministry of Finance has directed the Petroleum Division and Ogra to resolve issues regarding the grid transition levy and retrospective RLNG charges for the textile sector. Business representatives argue that these charges are causing severe financial strain, urging reclassification of high-efficiency plants and updates on RLNG actualization.
Pakistan’s Commerce Ministry Finalizes 5-Year Textile and Apparel Policy for ECC Review
The Ministry of Commerce in Pakistan has finalized a comprehensive five-year Textile and Apparel Policy aimed at boosting exports to USD 29.3 billion by FY 2029-30. The policy, currently under review by the Economic Coordination Committee (ECC), includes strategic measures to enhance the competitiveness of Pakistan’s textile sector.
FBR Imposes Heavy Fines for Non-Filing of 2025 Income Tax Returns
The Federal Board of Revenue (FBR) has announced stringent fines for individuals failing to file their 2025 income tax returns on time. The new penalties include daily fines and substantial reductions for late filers.
Sindh Leads Provincial Sales Tax Collection in FY26 Q1 with 18% Growth
Sindh outperforms other provinces in sales tax collection for FY26 Q1 with Rs68.4 billion collected. Punjab and other provinces also show strong growth, driven by improved compliance and digital tax systems.