The governments of Khyber Pakhtunkhwa and Sindh have officially announced four public holidays on the occasion of Eid ul Adha, extending the festive break from Tuesday, May 26, to Friday, May 29. According to official notifications issued by both provincial governments, all government offices and public institutions operating under the provincial administrations will remain closed…
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 is set to receive approximately $1.2 billion from the International Monetary Fund (IMF) as the country continues to show progress in implementing key economic reforms. The disbursement includes $1 billion under the Extended Fund Facility (EFF) and an additional $210 million through the Resilience and Sustainability Facility (RSF), pending final approval from the IMF…
An International Monetary Fund (IMF) mission has begun technical discussions with the State Bank of Pakistan in Karachi as part of the third review of Pakistan’s $7 billion Extended Fund Facility and the second review of the $1.1 billion Resilience and Sustainability Facility. The IMF delegation, led by Iva Petrova, will hold meetings in Karachi…
A recent development has brought attention to an administrative issue involving confiscated gold and silver that were not deposited with the State Bank of Pakistan as required under established procedures. Reports indicate that significant quantities of precious metals seized during enforcement actions remained stored in customs warehouses instead of being officially transferred to the central…
