Pakistan Opens Doors to Crypto with New Banking Framework
The State Bank of Pakistan (SBP) has taken a major step by removing its 2018 ban on virtual currencies. Under a new regulated system, licensed crypto companies are now allowed to access banking services. This move is part of the newly introduced Virtual Assets Act 2026, which aims to bring more transparency and control to […]
Pakistan Welcomes $500 Million Trade Finance Support in Talks with MIGA
Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency, during the World Bank-IMF Spring Meetings 2026. During the meeting, the finance minister welcomed MIGA’s proposal to provide a short-term trade finance facility of up to $500 million. He highlighted that this support […]
Pakistan Strengthens Digital Future with Google and Mastercard Talks at Global Summit
Federal Minister for Finance and Revenue Muhammad Aurangzeb held important meetings with global companies during the World Bank–IMF Spring Meetings 2026. He met with Mastercard and Google to discuss digital growth, financial inclusion, and the use of artificial intelligence in Pakistan. In his meeting with Mastercard, both sides talked about improving digital payment systems in […]
Salaried Class Bears Heavy Tax Burden as Real Estate Lags Behind
Pakistan’s salaried class paid Rs. 420 billion in income tax during the first nine months of FY2025–26, which is more than double the Rs. 197 billion collected from the real estate sector. The data was shared by the Federal Board of Revenue. Tax payments from salaried individuals increased by Rs. 29 billion, or 7.5%, compared […]
Pakistan Announces $1 Billion AI Investment to Boost Innovation and Digital Growth
The Government of Pakistan has announced a major investment of $1 billion in AI through the Ministry of IT and Telecom Pakistan. This step is seen as an important move to strengthen the country’s technology sector and prepare for the future of digital innovation. In the first phase of the plan, the government will focus […]
PSX Crashes Nearly 4% as Iran–US Tensions and Oil Price Surge Shake Global Markets
Pakistan’s stock market fell sharply on Monday as rising global tensions and higher oil prices triggered heavy selling across major sectors. The benchmark KSE-100 Index dropped nearly 4%, closing at 160,591.33, down by 6,600.04 points from the previous session. The market came under pressure after talks between the United States and Iran ended on Sunday […]
Pakistan Puts $36 Billion Power Debt Plan on Hold Amid Funding Challenges
Pakistan has decided to pause its $36 billion plan to refinance circular debt in the power sector after facing difficulties in securing funds from international lenders and Saudi Arabia. According to officials, the proposal was shared with institutions like the World Bank and the Asian Development Bank, but both showed limited capacity to provide financing […]
Chinese Tyre Giant Invests $120 Million in Pakistan, Boosting Exports and Jobs
A Chinese tyre company, Service Long March Tyres, has announced a new investment of $120 million in Pakistan. This move shows strong confidence in the country’s growing industrial sector and its future potential. The company aims to increase its exports significantly, with a target of reaching $100 million in the coming year. Officials shared that […]