FBR Reports Eight-Fold Surge in FY2025 Revenue Through Enforcement and Reforms
The Federal Board of Revenue (FBR) reports an eight-fold increase in revenue collection for FY2025, driven by strong enforcement measures, sector monitoring, and governance reforms, signaling a new phase in Pakistan’s tax compliance efforts.
Government Enhances Coordination for Stronger Poverty Relief Programs in Pakistan
Pakistan’s top welfare ministries have intensified efforts to reduce poverty nationwide by enhancing coordination across social safety programs like the Benazir Kafaalat Programme and the Nashonuma Scheme. These initiatives aim to uplift vulnerable communities and ensure sustainable socio-economic growth.
MCB Islamic Bank unveils SUBUK app as it accelerates its digital Islamic banking strategy
MCB Islamic Bank launches SUBUK, a new mobile banking app designed to elevate digital Islamic banking through improved user experience, enhanced security, and a customer-focused approach.
Bank of Punjab Targets 1,000 Branches by 2027 with Focus on Digital Expansion and Lending Growth
The Bank of Punjab plans to expand its branch network to 1,000 by 2027, focusing on digital growth, SME, and agriculture lending. With impressive profit growth and a strong strategic vision, BOP is set to strengthen its presence across Pakistan’s banking sector.
KSE-100 Index Surges Over 1,000 Points Amid Strong Sectoral Performance
The Pakistan Stock Exchange (PSX) saw a strong rally on Friday as the KSE-100 Index gained over 1,000 points, fueled by investor interest in key sectors like automobiles, oil, and banking. The market’s upbeat performance was also buoyed by corporate developments and sectoral optimism.
OGDCL Achieves 1,100 BPD Production with New Pasakhi-14 Well in Hyderabad
Oil & Gas Development Company Limited (OGDCL) has commenced production from its new Pasakhi-14 well, achieving 1,100 barrels per day (BPD) from the Hyderabad district. The project, utilizing advanced drilling technologies, marks a significant step in strengthening Pakistan’s energy security and OGDCL’s commitment to increasing national oil production.
Meezan Bank Wins ‘Best Bank of the Year’ Award for Sixth Consecutive Year at CFA Society Pakistan’s Annual Excellence Awards
Meezan Bank was named ‘Best Bank of the Year – Large Size Banks’ by CFA Society Pakistan for the sixth consecutive year, recognizing its exceptional leadership and innovation in the Islamic banking sector. The prestigious award highlights Meezan Bank’s commitment to excellence in Islamic finance and its contributions to Pakistan’s banking industry.
NIBAF Pakistan Hosts Training on Powerful Communication for Modern Workplaces
NIBAF Pakistan conducted a specialized training session focused on “Powerful Communication in a Modern Workplace.” The session, led by Farhan Uddin Raja, aimed at equipping banking professionals with key communication strategies to enhance leadership and organizational efficiency.
SECP and PBS Sign MoU to Enhance Data Sharing and Foster Digital Collaboration
SECP and PBS have signed a MoU to improve data sharing and collaboration, aiming to strengthen digital governance, enhance economic planning, and foster transparency through automated, secure information exchange.
FBR Reconstitutes Single Portal Committee to Streamline Sales Tax Filing Process
The Federal Board of Revenue (FBR) has restructured the Single Portal Committee to enhance the efficiency of sales tax return filings across Pakistan, creating a unified digital platform for federal and provincial taxpayers.