Download IPFS The Benazir Income Support Programme (BISP) will launch its Sahulat Accounts initiative on August 13, 2025, enabling direct bank payments for women beneficiaries, as announced by the Associated Press of Pakistan (APP). This move aims to enhance transparency and accessibility for millions of low-income women. The Benazir Income[Read More…]

Download IPFS The United Arab Emirates Dirham (AED) fell to 76.9541 Pakistani Rupees (PKR) on August 4, 2025, per the State Bank of Pakistan (SBP), signaling a strengthening rupee and affecting remittances from Pakistani expatriates in the UAE. This shift underscores Pakistan’s improving economic indicators. The State Bank of Pakistan[Read More…]

Download IPFS Pakistan and Iran aim to elevate their annual bilateral trade to $8 billion, with trade ministers committing to enhanced economic cooperation. On August 3, 2025, Pakistan and Iran agreed to increase their annual bilateral trade volume to $8 billion, a significant jump from the current $2.8 billion, as[Read More…]

Download IPFS The Pakistan Textile Council slams Federal Board of Revenue’s Export Facilitation Scheme changes, warning of severe damage to exports. The Pakistan Textile Council (PTC), representing over 30% of Pakistan’s textile and apparel exports, has strongly criticized amendments to the Export Facilitation Scheme (EFS) introduced by the Federal Board[Read More…]

Download IPFS Pakistan’s business community is voicing serious concern over rising inflation, which surged to a 2.9% monthly increase in July, its highest since December, according to the Pakistan Industrial and Traders Associations Front (PIAF). The group warns that the growing economic pressure is undermining business operations and threatening industrial[Read More…]

Download IPFS Dubai-based Mashreq Bank is transforming Pakistan’s financial sector through a $100 million digital banking expansion, focusing on remittances and digital services. The bank aims to streamline the $6.5 billion annual remittance flow from the UAE to Pakistan, offering instant transfers through its proprietary platform. With $70 million already[Read More…]

Download IPFS Pakistan’s cement industry has started fiscal year 2025–26 with a notable recovery, recording a 30% year-on-year increase in total dispatches for July, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Total sales rose to 3.997 million tonnes compared to 3.071 million tonnes during the[Read More…]

Download IPFS K-Electric has made history in Pakistan’s financial sector by launching the country’s first listed retail sukuk, a Shariah-compliant financial instrument designed specifically for the general public. The offering opens for public subscription on August 4, 2025, allowing individual investors, including both residential and commercial electricity consumers of K-Electric,[Read More…]

Download IPFS The Pakistani Rupee (PKR) maintained relative stability against major global currencies on August 3, 2025, with the US Dollar (USD) trading at Rs283.59 in the interbank market. Key exchange rates saw the Euro (EUR) at Rs327.70 and the British Pound (GBP) at Rs376.11, reflecting cautious optimism in currency[Read More…]

Download IPFS Saudi Arabia and the UAE are positioning themselves as leaders in financial innovation, with regulatory reforms paving the way for open finance and payment initiation services. Lean Technologies, a Riyadh-based fintech firm, is at the forefront of this transformation, building the digital infrastructure needed to support the region’s[Read More…]