Pakistan Banks Association Rejects Claims on Remittance Subsidies, Highlights Critical Role in Economic Stability
The Pakistan Banks Association has strongly refuted allegations that remittance incentives serve no economic purpose, underscoring how these measures protect Pakistan’s balance of payments and ensure compliance with global financial standards.
FBR Falls Short of FY25 Tax Target by Nearly Rs. 1.5 Trillion Despite Revisions
Pakistan’s Federal Board of Revenue missed its FY25 tax collection target by almost Rs. 1.5 trillion, signaling deep fiscal pressures even after two downward revisions.
World Bank Names Bolormaa Amgaabazar as New Country Director for Pakistan to Strengthen Development Partnership
The World Bank has appointed Bolormaa Amgaabazar as its new Country Director for Pakistan. With deep experience across multiple regions, she is set to deepen engagement on pressing challenges like climate change, child stunting, and energy sustainability.
Government Quietly Approves Over 50 Tax Exemptions Covering SBP, Fauji Foundation, Army Welfare Trust and More Under Finance Bill 2025-26
Pakistan’s Finance Bill 2025-26 quietly delivers over 50 tax exemptions benefiting state institutions, charitable organizations, and international financial bodies, raising questions on fiscal transparency and long-term economic impact.
FBR Expands Digital Invoicing Drive with Targeted Outreach in Quetta
FBR and PRAL continue to advance Pakistan’s digital tax ecosystem by hosting a focused seminar in Quetta, engaging local businesses on digital invoicing adoption and addressing region-specific integration needs.
SECP Draws Flak for Hosting Costly Registrar Conference at Malam Jabba Amid Austerity Push
The Securities and Exchange Commission of Pakistan is under fire for organizing an expensive Registrar Conference at Malam Jabba while the government calls for strict austerity, raising questions about regulatory priorities and public spending.
Pakistan Stock Market Delivers Over 55% Return in FY25, Outshining All Other Asset Classes
The Pakistan Stock Exchange surged by more than 55% in FY25, beating all other asset classes including gold and T-Bills, driven by monetary easing and record trading activity, according to a report by Arif Habib Limited.
Meezan Bank Reaches $2 Billion Market Cap, Reinforcing Strength of Pakistan’s Islamic Finance Sector
Meezan Bank has achieved a significant milestone by crossing a $2 billion market capitalization on the Pakistan Stock Exchange, underscoring the growth of Islamic banking and investor confidence in Pakistan’s financial landscape.
Pakistan Banks Association Marks World MSME Day by Championing Small Businesses and Digital Empowerment
On World MSME Day, the Pakistan Banks Association highlights the resilience and innovation of Pakistan’s MSME sector and reiterates the banking industry’s commitment to support small businesses through finance, digital solutions, and partnerships.
ACE Money Transfer CEO Engages Pakistan’s Leadership to Boost Legal Remittances and Drive Financial Digitization
ACE Money Transfer CEO Rashid Ashraf holds high-level talks with Pakistan’s senior ministers to advance legal remittance flows, financial digitization, and structured incentives aimed at strengthening the nation’s economic framework.