The State Bank of Pakistan (SBP) has officially finalized the designs for new currency notes and submitted them to the federal cabinet for approval. According to SBP Governor Jameel Ahmad, this initiative aims to modernize Pakistan’s currency system while introducing advanced security features to prevent counterfeit activities. The announcement was made during a meeting with…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
Pakistan International Airlines Pakistan International Airlines is set to be formally handed over to new owners on May 25, marking a major milestone in the long-running privatisation process, according to sources from the Privatisation Commission. Officials confirmed that the process has now entered its final stage, with all major procedural and regulatory requirements already completed….
Pakistan’s remittances have approached the $34 billion mark during the first 10 months of the fiscal year 2026, highlighting the critical role overseas workers play in supporting the country’s economy. According to data from the State Bank of Pakistan, total remittance inflows reached $33.86 billion, reflecting an 8.5% year-on-year increase. In April 2026 alone, remittances…
Pakistan’s industrial sector has raised serious concerns over the Export Processing Zone (EPZ) duty system, highlighting that the current mechanism is causing double taxation and increasing the cost of manufacturing. A delegation from National Steel Complex Limited recently met Federal Minister for Commerce Jam Kamal Khan to discuss these pressing issues. During the meeting, the…
Khawaja Asif has expressed optimism about a potential agreement between the United States and Iran, stating that Pakistan stands to benefit significantly from any peace settlement in the region. Speaking amid rising tensions in the Gulf, the defence minister highlighted that improved relations between Washington and Tehran could lead to enhanced regional stability and stronger…
The Punjab government has officially begun preparations for its fiscal year 2026-27 budget, introducing strict financial controls as part of the process. Authorities have immediately suspended the release of funds for all new development schemes, signaling a shift toward tighter fiscal management. According to official directives issued in Lahore, payments for pending dues to contractors…
The Ministry of Commerce Pakistan has introduced a significant policy shift by banning the import of goods produced through forced labour, marking a major step toward ethical trade practices and stronger supply chain regulation. The new directive, issued through a statutory regulatory order (SRO), amends the existing Import Policy Order 2022 under the Imports and…
A new study by the Competition Commission of Pakistan has highlighted the need for major reforms in Pakistan’s cement industry, focusing on tax structure, logistics, energy pricing, and mineral sector development. The report aims to improve competition, reduce market distortions, and support long-term industrial growth. According to the study, the cement sector plays a vital…
Pakistan’s financial markets are closely watching the upcoming decision by the State Bank of Pakistan as its Monetary Policy Committee (MPC) prepares to announce the third policy rate of 2026. Analysts and economists widely expect a rate hike amid rising inflation and economic uncertainty. Market expectations suggest a possible increase of 50 to 100 basis…
