Download IPFS Pakistan has incurred losses of $14.39 million (Rs 4.1 billion) in just over two months after closing its airspace to Indian aircraft, according to figures presented in the National Assembly on Friday. The data, reported by the Pakistani newspaper Dawn and sourced from the Ministry of Defence, covers[Read More…]

Download IPFS Pakistan’s services exports increased by 9.23 percent to $8.39 billion in the fiscal year 2024-25, up from $7.68 billion in the previous year, driven largely by gains in telecommunication, computer, and information services. According to the Pakistan Bureau of Statistics (PBS), the sector has shown consistent growth since[Read More…]

Download IPFS HBL Microfinance Bank (HBL MfB) has partnered with the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) to integrate satellite-based agricultural analytics into the country’s microfinance lending ecosystem. This marks the first collaboration of its kind between a bank and SUPARCO, aiming to bring space technology into agricultural[Read More…]

Download IPFS Car insurance is a legal requirement and an important safeguard for all vehicle owners in Pakistan. It protects drivers from financial losses due to accidents, theft, or other damages, while ensuring compliance with traffic laws. This guide outlines the main types of policies, their benefits, and how to[Read More…]

Download IPFS Pakistan’s National Accountability Bureau (NAB) has achieved unprecedented success in its anti-corruption campaign, recovering Rs547 billion during the first half of 2025. The bureau’s mid-year performance report reveals staggering quarterly recoveries of Rs456 billion between April and June alone, marking a historic milestone in the nation’s fight against[Read More…]

Download IPFS Pakistan’s financial technology sector is experiencing a surge in buy now, pay later (BNPL) services as digital payment adoption accelerates across the country. Major fintech companies report triple-digit growth in BNPL transactions over the past year, capitalizing on increasing smartphone penetration and a young, tech-savvy population. The State[Read More…]

Download IPFS The Punjab government has achieved a major fiscal milestone by fully repaying its Rs675 billion debt burden accumulated over three decades, freeing up substantial resources for public welfare initiatives. This strategic financial cleanup, finalized with a Rs13.8 billion payment to National Bank of Pakistan (NBP), eliminates a crushing[Read More…]

Download IPFS Pakistan’s government has announced plans to gradually reduce the super tax imposed on the manufacturing sector, marking a significant shift in fiscal policy aimed at reviving industrial growth. The decision, confirmed by finance ministry officials, comes amid persistent complaints from business leaders about the tax’s negative impact on[Read More…]

Download IPFS Pakistan’s federal cabinet has approved a sweeping financial reforms package designed to stabilize the economy and attract foreign capital. The measures, endorsed during a high-level meeting chaired by Prime Minister Shehbaz Sharif, focus on fiscal discipline, improved governance of state-owned enterprises (SOEs), and enhanced revenue collection. This strategic[Read More…]

Download IPFS Pakistan’s equity market surged this week as the benchmark KSE-100 index crossed the 140,000-point psychological barrier, closing at 145,382.79 points for a 3.08% weekly gain. Trading activity remained robust with average daily volumes reaching 653 million shares worth Rs47 billion ($165 million), demonstrating renewed investor confidence. Analysts attribute[Read More…]