IMF’s Zero-Inflow Target The International Monetary Fund (IMF) has asked Pakistan to bring circular debt inflows down to zero during the current fiscal year, according to official sources. Despite multiple government efforts to manage the financial challenges within the power sector, inefficiencies in Power Distribution Companies (Discos) remain a central cause of persistent losses. Persistent […]
If you’ve followed Pakistan’s technology scene over the last two decades, the name Zia Chishti is impossible to ignore. More than just a figure, he is a legacy in motion. The man behind Align, TRG, and Afiniti has achieved what few imagined possible: building global companies from Pakistan, creating tens of thousands of jobs, and […]
A recent World Bank report has revealed that poverty in Pakistan has surged to 25.3%, sparking deep concern about the nation’s economic health. The findings underline the growing financial strain on households, with inflation, shrinking job opportunities, and fragile social safety nets worsening the crisis. The alarming figure has intensified discussions among policymakers, economists, and […]
Billionaire Elon Musk may soon lose his long-standing position as the world’s wealthiest individual. Oracle co-founder Larry Ellison, 81, has seen his fortune surge due to his company’s explosive growth in artificial intelligence (AI) contracts, potentially catapulting him ahead of Musk in the global wealth rankings. Ellison’s Wealth Soars with Oracle’s Market Rally Ellison’s net […]
Surge in Entrepreneurial Activity Pakistan’s startup ecosystem witnessed a significant boost in August 2025 as the Securities and Exchange Commission of Pakistan (SECP) registered 3,278 new companies. This surge reflects increasing entrepreneurial activity across the country, with the IT and e-commerce sectors leading the charge through 670 incorporations. The numbers highlight how Pakistan’s digital economy […]
A Major Boost for Punjab’s Education Sector The World Bank has approved a $48.9 million grant under the Global Partnership for Education (GPE) Fund to strengthen and expand access to education in Punjab, Pakistan. The initiative, titled Getting Results: Access and Delivery of Quality Education Services and System Transformation in Punjab, is designed to transform […]
Federal Minister for Planning and Development, Ahsan Iqbal, has emphasized the importance of a robust tax system for the stability and growth of Pakistan’s economy. Speaking at a ceremony in Karachi, he pointed out that Pakistanis pay the least taxes in the world. Iqbal underscored that strong economies are founded on taxes, exports, and foreign […]
SBP Extends Banking Hours for Hajj 2026 Applicants The State Bank of Pakistan (SBP) has announced that authorised branches of 14 designated banks will remain open on Saturday, 16 August 2025, from 9:00 am to 2:30 pm. This decision ensures that intending pilgrims for Hajj 2026 have an additional opportunity to submit their application forms. […]
The rapid expansion of digital technology and mobile connectivity is essential for the economic and social development of any modern country. In Pakistan, however, the high tax rate on mobile phone services has become a significant obstacle to achieving the government’s ambitious Digital Pakistan vision. According to the latest report from the GSM Association (GSMA), […]
Tougher Measures for Non-Filers in Banking Transactions The Federal Board of Revenue (FBR) has announced significant amendments to the income tax regulations for the fiscal year 2025-26, aiming to broaden the nation’s tax base and clamp down on non-compliance. According to official documents, one of the most notable changes concerns non-filers of income tax withdrawing […]
Major Tariff Structure Reforms on the Table The federal government of Pakistan is reportedly contemplating significant changes to the electricity tariff structure, a move that could provide substantial relief to millions of low-income households. According to insider sources, the government has realized that the current billing system unfairly penalizes consumers who slightly exceed the 200-unit […]
Sweeping Tariff Hikes Announced by White House In a dramatic escalation of global trade tensions, the United States has imposed import tariffs on 69 countries after the expiration of multiple trade agreement deadlines. The new tariffs, effective immediately, were announced by the White House as President Donald Trump signed an executive order to formalize the […]
Prime Minister Shehbaz Sharif has extended his “profound thanks” to former US President Donald Trump for his pivotal role in finalizing a landmark trade agreement between Pakistan and the United States. This agreement, described by Sharif as a “historic” moment, marks a significant milestone in the bilateral relationship between the two nations. Strengthening Bilateral Ties […]
Revised Minimum Wage Structure: In a significant move to support unskilled workers and address the challenges posed by inflation, the Sindh government has revised the minimum wage structure across the province. This initiative, as reported by ARY News, comes as part of the government’s efforts to ensure fair compensation and improve the living standards of […]
Planning a trip to Oman in 2025? This Middle Eastern gem continues to attract global travelers with its serene landscapes, ancient culture, and warm hospitality. The best part—Oman has simplified its visa policies, offering multiple ways for tourists to enter with ease. From visa-free entry to a streamlined eVisa system, and the much-anticipated GCC Unified […]
Motorcycle Prices Surge Amid New Tax Adjustments Motorcycle prices in Pakistan have seen another round of significant increases. Leading the charge this time are Yamaha Motor Pakistan and Unique, both revising their price structures in response to fiscal changes introduced in the 2025–26 federal budget. The price adjustments are a direct result of the newly […]
The Punjab government has temporarily stopped accepting new applications for its flagship “Apni Zameen, Apna Ghar” housing scheme. The program, designed to provide low-income families with free residential plots, is now moving into its verification phase. According to the Housing Minister Bilal Yasin, the government has received a total of 481,000 applications through the scheme’s […]
Pakistan has taken a significant step toward embracing the future of finance by signing a letter of intent (LoI) with El Salvador to collaborate on initiatives related to Bitcoin and digital assets. This landmark agreement, reported by local media, marks the beginning of a new era in digital diplomacy and underlines the growing importance of […]
Federal Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, has addressed widespread speculation surrounding Microsoft’s recent exit from Pakistan. Speaking to reporters after an IT Committee meeting, she offered much-needed clarification following the tech giant’s global restructuring. “Microsoft has undergone a global shift, laying off between 15,000 and 16,000 employees,” the minister said. “However, […]
Bitcoin shattered previous records on Monday, reaching an unprecedented high of $121,207.55 during the early hours of Asian trading. This marks the first time the world’s leading digital asset has broken the $120,000 barrier, fueled by growing optimism around pending US regulatory reforms and strong political backing from former President Donald Trump. At the time […]
