PVARA Invites Global Partners to Build Secure and Inclusive Digital Finance Ecosystem in Pakistan
Pakistan’s PVARA has issued a global call for VASPs and exchanges to enter its $300 billion digital assets market, aiming to build a transparent and secure financial ecosystem aligned with global standards.
FBR De-seals Saeed Book Bank in Islamabad After POS System Dispute
The Federal Board of Revenue (FBR) has de-sealed Islamabad’s largest bookstore, Saeed Book Bank, after a dispute over POS system integration. The incident highlights the challenges faced by traditional businesses amid Pakistan’s evolving digital tax compliance framework.
PSX Breaks Nine-Session Bull Run as Flood and Inflation Risks Weigh on Investor Sentiment
The Pakistan Stock Exchange (PSX) ended its nine-session bullish streak as inflation concerns, flood-related risks, and anticipation of IMF review outcomes prompted widespread profit-taking and market volatility.
FBR Faces Rs1.1 Trillion Shortfall in Final Weeks of Quarter as IMF Pressure Mounts
The Federal Board of Revenue (FBR) must raise Rs1.1 trillion in just two weeks to meet its quarterly revenue target, amid growing pressure from the International Monetary Fund (IMF) and concerns about missed growth projections.
FBR Launches Transformative Plan to Raise Pakistan’s Tax-to-GDP Ratio to 18%
The Federal Board of Revenue (FBR) has unveiled a comprehensive transformation roadmap aimed at increasing Pakistan’s tax-to-GDP ratio from 10.24% to 18% through digitization, institutional reforms, and enhanced human capital.
SBP Directs Banks to Compensate Customers Within 2 Days for Data Breaches
The State Bank of Pakistan has directed banks to compensate customers within two business days in case of data breaches, alongside implementing enhanced security measures, free transaction alerts, and optional transactional insurance. The move is part of SBP’s broader consumer protection and regulatory framework.
Income Tax Collection from Salaried Class Rises 21% to Rs85 Billion in Early FY26
Pakistan’s salaried individuals contributed Rs85 billion in income tax during the first two months of FY26, a 21% increase from last year. Provisional FBR data shows stronger collections from corporate and non-corporate employees, though new levies on wealthy pensioners brought in limited revenue.
World Bank Highlights Inefficiencies in Pakistan’s Health Budgeting System
A new World Bank report highlights deep flaws in Pakistan’s health budgeting process, citing outdated allocation methods, unpredictable fund releases, and excessive centralization that limit effective service delivery.
SBP Orders Banks to Deploy Cash Deposit Machines Nationwide by 2028
The State Bank of Pakistan has directed commercial banks to install Cash Deposit Machines across 25% of their branch network by 2028 to promote self-banking, enhance customer convenience, and strengthen digital infrastructure.
Pakistan’s Climate Finance Gap Widens as Pledges Fail to Materialize, Bloomberg Highlights
Bloomberg reports that less than half of the $11 billion pledged to Pakistan after the 2022 floods has been delivered, leaving the country exposed as fresh monsoon devastation kills nearly 900 people. With an estimated $348 billion needed through 2030, Pakistan faces a worsening climate finance gap.