ADB Backs Pakistan’s WE Finance Code to Boost Funding for Women Entrepreneurs
The Asian Development Bank has thrown its weight behind Pakistan’s new WE Finance Code, aiming to open doors for women-led businesses by expanding their access to finance.
Modest Growth in SBP Reserves: A Critical Juncture for Pakistan’s Digital Economy
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a marginal increase of $46 million, reaching $11.721 billion for the week ending June 13. This modest rise leaves a significant gap against the central bank’s $14 billion target for June 30, raising questions about immediate economic stability and potential implications for the burgeoning digital finance sector.
Pakistan’s KSE-100 Rebounds with Significant Gains Amidst Global Volatility
The Pakistan Stock Exchange (PSX) witnessed a strong resurgence today, with its benchmark KSE-100 Index climbing over 600 points, signaling renewed investor confidence despite ongoing geopolitical tensions in the Middle East. This positive momentum highlights the resilience of key sectors, including those with significant digital and technological integration, amidst a fluctuating global economic climate.
Fiscal Rebalance: FBR Moves to Align Bank Taxation with Digital Economy Needs
The Federal Board of Revenue (FBR) in Pakistan is pushing to remove the special tax privileges extended to banks under the Seventh Schedule of the Income Tax Ordinance 2001. This proposed shift aims to bring banks under the normal corporate tax regime, potentially impacting their digital finance strategies and operational models as the nation seeks to broaden its tax base.
Bank Alfalah and Total Sports Forge Strategic Alliance to Transform Pakistan’s Sports Infrastructure
Bank Alfalah partners with Total Sports, the parent company of Legends Arena, to expand access to world-class, tech-driven sports infrastructure across Pakistan. This collaboration will introduce cutting-edge multi-sport facilities to major cities, empowering youth and professional athletes alike.