In the world of investing, the Pakistan Stock Exchange (PSX) holds a significant place for those interested in the Pakistani stock market. With its rich history and diverse range of stocks, the PSX provides ample opportunities for traders to capitalize on various sectors and industries. However, like any stock exchange, navigating the PSX requires knowledge, […]
In the realm of finance, where conventional banking systems dominate, there exists a unique institution that stands out for its adherence to Islamic principles: Meezan Islamic Bank. Established in Pakistan in 1997, Meezan Bank has grown to become the country’s first and largest Islamic bank, offering a range of Shariah-compliant financial products and services. Among […]
In the Islamic financial system, the concept of riba, or interest, holds significant importance. Pakistan, being an Islamic republic, adheres to Islamic principles in its financial practices. Riba, as mentioned in the Quran and Hadith, is strictly prohibited in Islam due to its exploitative nature and harmful effects on society. This article aims to delve […]
Supporting Millions of Deserving Families Across Pakistan In a significant move to support underprivileged communities during the holy month of Ramadan, the Pakistani government has unveiled a comprehensive relief package worth Rs20 billion. This initiative aims to provide financial assistance to millions of deserving families, ensuring they can observe the sacred month with dignity and […]
Empowering Global SMBs Through Financial Technology Payoneer Global Inc. (NASDAQ: PAYO), a leading financial technology company, has reported unprecedented financial results for the fiscal year 2024. The company’s performance underscores its commitment to empowering small and medium-sized businesses (SMBs) worldwide to transact and grow in the global marketplace. Robust Financial Growth In 2024, Payoneer achieved […]
Strategic Partnerships and Infrastructure Development at the Forefront In a significant move to strengthen economic ties, Pakistan and Uzbekistan have pledged to boost their bilateral trade volume from the current $400 million to an ambitious $2 billion in the near future. This commitment was solidified during high-level discussions between Prime Minister Shehbaz Sharif and Uzbek […]
Economic Stabilization Efforts Show Positive Trends Amid Global Challenges In its latest economic outlook, Pakistan’s Finance Ministry has projected a slight uptick in consumer inflation for March 2025. The ministry anticipates that inflation will rise to between 3.0% and 4.0%, up from the 2.0% to 3.0% range expected in February. This forecast comes as the […]
In a landmark move, Pakistan is set to introduce comprehensive legislation to regulate virtual assets, including cryptocurrencies. The proposed Virtual Assets Bill 2025 seeks to establish a National Virtual Assets Regulatory Commission (NVARC) to oversee the burgeoning digital asset sector. Key Objectives of the Virtual Assets Bill 2025 The legislation aims to: Role and Responsibilities […]
Islamabad’s Civic Services Move Towards Digital Payment System The Capital Development Authority (CDA) has announced a groundbreaking move to transition to a fully Digital Payment System in Islamabad. This initiative is part of the broader effort to modernize government services, enhance transparency, and streamline civic transactions. Why Islamabad is Going Cashless? The shift to a […]
The Punjab government has officially launched “Electro”, Lahore’s first-ever electric bus service, to modernize public transport and provide affordable, eco-friendly commuting options. With an initial fleet of 27 electric buses and 98 stops, the project aims to improve connectivity across the city. This initiative is part of Punjab’s larger vision to develop sustainable urban mobility, […]
Pakistan is making bold strides in the global tech landscape, emerging as a key player in artificial intelligence, digital finance, and startup innovation. As the Pakistan Software Export Board prepares to take the spotlight at LEAP 2025 in Riyadh, it presents a compelling narrative of digital transformation, investment potential, and technological excellence. This marks Pakistan’s biggest ever […]
As Eid-ul-Fitr 2025 approaches, the Council of Islamic Ideology (CII) has announced the Fitra amount that Muslims in Pakistan must pay before the festival. This annual charity, also known as Fitrana, is an essential part of Islamic social welfare, ensuring that underprivileged individuals can celebrate Eid with dignity. Fitra and Fidya Rates for 2025 The […]
Planning a trip to Portugal from Pakistan? You will need to apply for a Schengen visa, which allows short stays of up to 90 days within the Schengen area. The visa application process requires financial proof, including a bank statement, to ensure applicants have sufficient funds for their stay. For Pakistani applicants, the Schengen visa […]
The Sindh government has announced a major solar energy initiative aimed at providing free solar panels to 500,000 deserving households across the province. The announcement was made by Sindh Energy Minister Syed Nasir Hussain Shah, who highlighted the government’s commitment to expanding renewable energy access to underprivileged areas. Speaking at an inauguration ceremony for electricity […]
Punjab Chief Minister Maryam Nawaz has introduced the Asaan Karobar Finance Scheme, a groundbreaking initiative designed to support entrepreneurs and Small and Medium Enterprises (SMEs) with interest-free loans. This scheme aims to promote economic growth and business expansion by offering accessible financing across Punjab. Interest-Free Loans for Entrepreneurs At the launch event in Lahore, CM […]
The Pakistan Air Force (PAF) contingent has returned home following its active involvement in the multinational military exercise “Spears of Victory 2025” at King Abdul Aziz Air Base in Saudi Arabia. This exercise showcased PAF’s operational prowess and the advanced capabilities of its JF-17 Block-III fighter aircraft. Showcasing the JF-17 Block-III Central to PAF’s participation […]
Pakistan is witnessing a remarkable expansion in its renewable energy sector, particularly in solar power adoption. This growth presents a unique opportunity to access substantial climate finance, as highlighted by the Pakistan Institute of Development Economics (PIDE). Leveraging this momentum can address energy challenges and contribute to global climate mitigation efforts. Solar Power Adoption: A […]
The Pakistani expatriate community in Saudi Arabia has recently pledged to enhance their support for Pakistan’s economic development by increasing investments, particularly in the Information Technology (IT) and technology sectors. This commitment underscores the strong bilateral ties between Pakistan and Saudi Arabia and highlights the pivotal role of overseas Pakistanis in bolstering the nation’s economy. […]
Consumers under the Islamabad Electric Supply Company (IESCO) will now have to pay substantially higher fees for new meter installations, following a sharp increase in pricing. The revised rates have already been implemented across Rawalpindi, Cantonment, and Taxila. New Meter Fees Breakdown The sudden hike in meter fees has raised concerns among consumers, adding further […]
The federal government has announced a reduction in petrol and diesel prices for the next fortnight, offering relief to consumers amid fluctuating global oil markets. Latest Petrol and Diesel Prices in Pakistan According to an official notification, the revised fuel prices are as follows: This marks the first fuel price reduction of 2024, following three […]
