Download IPFS Pakistan’s decision to ban Indian flights from its airspace has resulted in staggering revenue losses exceeding Rs4.1 billion ($14.39 million) between April and June 2025, according to official figures presented in the National Assembly. The aviation restriction, implemented on April 24, has deprived the Civil Aviation Authority (CAA)[Read More…]

Download IPFS The National Institute of Banking and Finance Pakistan (NIBAF) has partnered with global security firm Risk Associates to strengthen payment system protections across Pakistan’s financial sector. Their intensive two-day training on Payment Card Industry Data Security Standard (PCI DSS) v4.0 brought together cybersecurity teams from major banks and[Read More…]

Download IPFS The Lahore Chamber of Commerce and Industry (LCCI) has expressed strong support for recent pro-business amendments to Pakistan’s Finance Act 2025, praising the government’s efforts to improve the country’s economic climate. Speaking on behalf of the chamber, President Mian Abuzar Shad commended Prime Minister Shehbaz Sharif, Finance Minister[Read More…]

Download IPFS A leading United Arab Emirates–based technology company has made its first strategic investment in Pakistan’s growing logistics technology sector, committing $20 million to support a trucking fintech platform aimed at modernizing the country’s freight industry. The funding, provided by Yango Ventures, targets a sector that accounts for nearly[Read More…]

Download IPFS A high-level delegation from the Japan International Cooperation Agency (JICA) has committed $250 million to modernize Faisalabad’s water infrastructure following productive meetings with Water & Sanitation Agency (WASA) officials. The three-member team concluded its assessment visit with plans to submit a comprehensive proposal to Japanese authorities for final[Read More…]

Download IPFS In a special arrangement to facilitate last-minute applicants for Hajj 2026, the State Bank of Pakistan (SBP) has directed 14 designated banks to remain open on Saturday, August 9. The measure, announced by SBP spokesperson Abid Qamar, aims to ensure that all intending pilgrims can complete their application[Read More…]

Download IPFS The Pakistan Stock Exchange (PSX) closed lower on Friday, with the benchmark KSE-100 Index falling 264 points, or 0.18%, to end the session at 145,382 points. Market activity slowed noticeably, as trading volumes dropped to 548 million shares valued at Rs45.48 billion, compared with 712 million shares worth[Read More…]

Download IPFS The Punjab government has approved nine major development projects worth Rs 22.18 billion, marking a significant step toward infrastructure growth and economic diversification in the province. The decision was taken during the 16th meeting of the Provincial Development Working Party (PDWP), chaired by Planning & Development Board Chairman[Read More…]

Download IPFS Askari General Insurance Company Limited has proposed a significant increase in its authorized share capital, alongside amendments to its Memorandum and Articles of Association, to strengthen its financial base and support future growth. Askari General Insurance Company Limited (AGIC), a prominent non-life insurance provider in Pakistan, announced on[Read More…]

Download IPFS The State Bank of Pakistan’s foreign exchange reserves fell by $72 million to $14.2 billion due to external debt repayments, signaling ongoing economic pressures. On August 7, 2025, the State Bank of Pakistan (SBP) reported a $72 million decline in its foreign exchange reserves, bringing the total to[Read More…]