Download IPFS In a country where agriculture remains a lifeline for millions, bridging the gap between rural farmers and financial services is both a necessity and a challenge. On Wednesday, the State Bank of Pakistan, Banking Services Corporation (SBP BSC), held a recognition ceremony to honor banks that have shown[Read More…]

Download IPFS After years of stalled progress, K-Electric (KE), the private utility company managing Karachi’s electricity distribution, has finally begun releasing long-overdue electricity duty payments to the Sindh government. The amount, totaling over Rs32 billion, had been collected from consumers through their monthly electricity bills but remained unpaid for several[Read More…]

Download IPFS Pakistan secured a staggering $26.7 billion in foreign loans during the 2024 to 2025 fiscal year, marking the highest-ever borrowing in the nation’s history. The record amount reflects Pakistan’s growing reliance on external financing to meet budgetary needs and manage its economic challenges. According to data compiled by[Read More…]

Download IPFS In a recent meeting, the Finance Committee of the Sindh Cabinet approved several large financial grants while postponing or rejecting others due to a lack of adequate documentation. The committee’s decision reflects growing concerns over budget misuse and a renewed push for fiscal accountability, particularly amid ongoing questions[Read More…]

Download IPFS The Pakistan Stock Exchange (PSX) has witnessed a striking 27 percent rally since the launch of Operation Sindoor, marking a major turnaround in investor sentiment. This resurgence reflects a renewed sense of stability, bolstered by key developments in domestic security, investor confidence, and foreign inflows. The operation, designed[Read More…]

Download IPFS Pakistan has secured a total of $12.4 billion in foreign loans during the fiscal year 2024 to 2025 (FY25), surpassing its annual budget estimate by a significant $2.6 billion. The jump in foreign inflows has largely been driven by financing from commercial banks, disbursements under the Saudi Oil[Read More…]