Download IPFS In a strategic move to strengthen foreign exchange reserves, the federal government has revived its remittance incentive scheme after the country recorded a historic high of $38.3 billion in remittance inflows. The initiative, aimed at encouraging overseas citizens to channel their funds through legal banking channels, is seen[Read More…]

Download IPFS The International Monetary Fund (IMF) has approved a $625 million loan package for Chad as part of a broader strategy to support the country’s ambitious development agenda. With an initial disbursement of $38.5 million already released, the program aims to assist Chad in achieving an annual growth rate[Read More…]

Download IPFS The World Bank has expressed renewed confidence in Pakistan’s economic direction, with a senior official praising the country’s institutional reforms and resilience in the face of long-standing financial challenges. Ousmane Dione, the World Bank’s Regional Vice President for the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP), commended[Read More…]

Download IPFS The government’s review of the Pakistan Bureau of Statistics (PBS) presents a critical chance to rebuild trust in Pakistan’s official data. While the finance minister has shown interest in addressing the agency’s challenges, the Ministry of Planning, under whose jurisdiction the PBS currently operates, should take the lead[Read More…]

Download IPFS Prime Minister Shehbaz Sharif has greenlit a plan to modernize the Federal Board of Revenue’s (FBR) tax infrastructure by creating a cutting-edge digital ecosystem designed to centralize data and monitor the entire value chain in real time. Alongside this, he has reaffirmed support for the incentive program that[Read More…]

Download IPFS Pakistan has officially entered the global artificial intelligence (AI) community with the inauguration of the Pakistan Chapter of the Association for the Advancement of Artificial Intelligence (AAAI), an organization established in 1979. The launch event took place at the Pearl Continental Hotel and was attended by more than[Read More…]

Download IPFS The Economic Coordination Committee (ECC) of Pakistan’s Cabinet, chaired by Federal Finance Minister Senator Muhammad Aurangzeb, has recently approved a series of strategic decisions affecting several vital sectors, including industry, housing, telecommunications, and environmental finance. These moves aim to enhance economic growth, reduce costs, and foster sustainability amid[Read More…]

Download IPFS The Pakistan Stock Exchange (PSX) closed on a positive note Friday, with the benchmark KSE-100 index rising 515 points, or 0.37%, to finish at 139,207. Investor optimism is building ahead of a likely interest rate cut and following an upgrade of Pakistan’s sovereign credit rating, factors that are[Read More…]

Download IPFS In a familiar move that reflects its long-standing political positioning, Pakistan has issued a strong condemnation of Israel’s recent legislative effort to assert control over the West Bank, territory widely recognized by the international community as disputed. The country’s reaction, led by its Senate and Foreign Office, adds[Read More…]

Download IPFS The Pakistani rupee strengthened for the third consecutive day on Friday, driven by a sweeping campaign against illegal money exchange and informal remittance systems. The Federal Investigation Agency (FIA) has launched a nationwide crackdown, targeting underground operations that have long contributed to the country’s foreign exchange instability. According[Read More…]