aik by BankIslami has taken a major step in advancing Pakistan’s digital payments ecosystem with the launch of aikPay, the country’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, offering a fast, secure, and fully digital checkout experience. The […]
Pakistan and Saudi Arabia have taken significant steps to strengthen their economic partnership as Finance Minister Muhammad Aurangzeb met with Saudi Minister of Investment Khalid Al-Falih on the sidelines of the 26th Annual World Economic Forum in Davos. The high-level discussion focused on expanding bilateral investment ties and exploring new opportunities for cooperation. Both ministers […]
Pakistan Customs Enforcement in Khyber Pakhtunkhwa has successfully confiscated smuggled goods and vehicles valued at Rs. 170 million during three separate anti-smuggling operations, officials reported on Wednesday. The operations were conducted by Anti-Smuggling Detachments (ASDs) in Nowshera, Dera Ismail Khan, and Hazara, targeting illegal trade, smuggling, and narcotics trafficking. Authorities emphasized that these efforts aim […]
Pakistan has recorded a significant rise in external borrowing during the first six months of the current fiscal year, receiving a total of Rs. 1,272 billion in foreign loans and grants. In dollar terms, this amounts to $4.5 billion, marking an increase of $904 million compared to $3.6 billion received during the same period last […]
In a significant legislative development, the National Assembly has approved a bill allowing members of parliament to keep their asset details confidential for up to one year on the basis of security concerns. The move amends the Elections Act 2017 and introduces a legal mechanism for lawmakers to seek temporary protection of sensitive financial information. […]
Prime Minister Shehbaz Sharif left Pakistan on Tuesday for Switzerland, leading a high-level delegation to participate in the World Economic Forum (WEF) 2026. The visit is aimed at strengthening Pakistan’s diplomatic ties and exploring new avenues for economic cooperation. The Prime Minister is accompanied by key officials, including the Deputy Prime Minister and Foreign Minister, […]
A principled agreement has been reached between the federal government and the Balochistan government to launch the much-anticipated Peoples Train Service in the province, marking a significant step toward improving regional connectivity and public transport infrastructure. The agreement was finalized during a joint meeting of Pakistan Railways and the Government of Balochistan, held under the […]
A Pakistan Air Force (PAF) contingent has arrived in Saudi Arabia to participate in the multinational aerial combat exercise Spears of Victory-2026. According to the Inter-Services Public Relations (ISPR), the contingent includes F-16 Block-52 fighter jets along with a full complement of air and ground crew. The team reached King Abdul-Aziz Air Base to take […]
The TAL Joint Venture has made a significant gas discovery at its exploratory well Bilitang-1 in Kohat, Khyber Pakhtunkhwa. The find, reported in the Lockhart Formation, was announced through a notification to the Pakistan Stock Exchange (PSX). Pakistan Petroleum Limited (PPL) confirmed that the discovery occurred in the partner-operated TAL Block, led by MOL Pakistan […]
The Pakistani rupee continued its steady performance against the US dollar on Monday, extending its appreciation streak to 82 consecutive trading days in the interbank market. By the close of trading, the rupee settled at PKR 279.92 per dollar, marking a gain of three paisas compared to the previous session. The consistent upward trend reflects […]
The federal government is reviewing the future of the Rs. 10 banknote, as the federal cabinet has constituted a high-level committee to examine whether the currency note should be discontinued or retained. The move has sparked public interest, given the widespread daily use of the Rs. 10 note across Pakistan. According to sources familiar with […]
Pakistan’s manufacturing sector is teetering on the edge, with persistently high energy costs, expensive credit, and heavy taxation raising alarms among business leaders. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to declare an industrial emergency to prevent further decline. FPCCI President Atif Ikram Sheikh highlighted the challenges, noting […]
The National Savings Centre in Peshawar has officially announced the results of the Rs. 750 prize bond draw for January 2026, bringing anticipation and excitement to thousands of bondholders across Pakistan. Prize bond draws continue to remain a popular savings-linked scheme, offering citizens a chance to win substantial cash prizes while keeping their investments secure. […]
The federal government has announced plans to transform Ziarat Pir Hassan Shah Island, located off the Karachi coast, into a modern eco-tourism hub aimed at boosting sustainable development and coastal economic activity. The announcement was made by Junaid Anwar Chaudhry, Federal Minister for Maritime Affairs, who outlined an ambitious vision for the island’s future. According […]
Pakistan has taken another step toward strengthening its digital financial landscape by signing a Memorandum of Understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial. The agreement is aimed at expanding cooperation in digital financial services and accelerating the country’s shift toward modern, technology-driven payment systems. The MoU was signed between […]
Pakistan’s automotive industry has staged a strong comeback in the first half of the current fiscal year, recording a robust 46 percent increase in vehicle sales compared to the same period last year. The surge reflects improving market sentiment and renewed consumer interest, according to fresh data released by the Pakistan Automotive Manufacturers Association. Between […]
Pakistan Railways has announced a significant development in its long-awaited railway modernization drive, confirming that work on the Main Line-I (ML-I) project will begin from Karachi Port in July 2026. The announcement marks a key milestone in efforts to overhaul the country’s rail infrastructure and strengthen cargo and passenger connectivity across Pakistan. The confirmation came […]
The Pakistan National Shipping Corporation has strengthened its maritime capabilities with the induction of a new Aframax tanker into its managed fleet. The development was disclosed through a formal stock filing submitted to the Pakistan Stock Exchange, reflecting the corporation’s continued focus on expanding capacity in the oil transportation segment. According to the filing, the […]
The National Information Technology Board (NITB) is preparing to introduce a big data–driven analytics dashboard for Pakistan’s courts, aiming to modernize judicial processes and enhance decision-making, officials confirmed during a recent review meeting. The session, chaired by Prime Minister Muhammad Shehbaz Sharif, focused on accelerating digital governance reforms and leveraging technology to improve public service […]
Pakistan is steadily moving closer to adopting a regulated digital asset ecosystem, signaling a major policy shift in how the country views cryptocurrencies and virtual assets. The federal government aims to bring growing crypto-related activity into a structured, transparent, and secure financial framework that aligns with global best practices. The initiative reflects rising interest among […]
