Bestway Group and UBL Commit Rs 550 Million to LUMS to Advance Education and Leadership Development
Bestway Group and UBL have jointly donated Rs 550 million to LUMS to strengthen education access, leadership development, and long-term academic excellence in Pakistan.
NIBAF Conducts TBML Training to Strengthen Banking Compliance
NIBAF Pakistan conducts a specialized training program on Trade-Based Money Laundering for Bank Alfalah Limited, focusing on regulatory compliance, red flag identification, and improved AML controls across trade operations.
NIBAF Hosts Cyber Security Awareness Session to Strengthen Digital Resilience in the Financial Sector
NIBAF Pakistan conducts an in-depth cyber security awareness session for SBP and NIBAF officers, offering practical guidance on threat mitigation, digital security practices, and strengthening cyber readiness across the financial sector.
FBR lauds digitalization efforts for modernizing Pakistan’s tax system
The Federal Board of Revenue (FBR) has highlighted major gains from digitalizing Pakistan’s tax administration, including improved taxpayer services, automated risk management, Track & Trace implementation, and a modernized digital infrastructure for efficient compliance and monitoring.
FBR releases draft insurance guarantee format for exporters under facilitation scheme
The Federal Board of Revenue (FBR) has issued a draft Insurance Guarantee Format for exporters under the Export Facilitation Scheme, providing a framework for irrevocable and unconditional guarantees and inviting stakeholder feedback.
US Exim Bank to finance $1.25bn Reko Diq project under $100bn global supply-chain plan
The US Export-Import Bank is set to provide a $1.25 billion loan for Pakistan’s Reko Diq mining project, supporting Barrick Mining and forming part of a $100 billion plan to strengthen global supply chains for critical minerals, nuclear energy, and natural gas.
Pakistan launches digital verification system to streamline overseas pension payments
The federal government of Pakistan is modernising pension disbursements for overseas retirees through a digital verification platform, biometric authentication, and improved inter-department coordination to ensure timely and secure payments.
KSE-100 slips over 100 points as selling pressure dominates PSX session
Pakistan Stock Exchange sees a volatile trading session with the KSE-100 index closing 118 points lower, reflecting market consolidation amid high turnover and global macroeconomic uncertainties.
PPL completes successful workover at Adam West X-1 ST well in Hala Block
Pakistan Petroleum Limited executes a major workover operation at Adam West X-1 ST well, restoring gas production to 8.5 MMscfd, reinforcing its commitment to Pakistan’s energy security and economic growth.
RDA launches QR-coded plot allotments to prevent illegal sales in private housing schemes
The Rawalpindi Development Authority introduces QR-coded allotment letters for approved housing schemes, aiming to eliminate illegal plot sales and ensure compliance with approved layouts, while enhancing service delivery and on-site inspections.