KARACHI — Domestic gold prices in Pakistan have hit a record-breaking peak, crossing the PKR 300,000 per tola mark for the first time in history. The All-Pakistan Gems and Jewelers Association (APGJSA) reported a massive single-day jump, attributing the surge to a combination of rising international prices and the ongoing uncertainty in the Middle East. […]
ISLAMABAD / MOUNTAIN VIEW — In a groundbreaking move for Pakistan’s IT sector, Google has officially announced plans to establish its first large-scale regional data center in Islamabad. This $500 million investment is part of Google’s “Digital South Asia” initiative and aims to drastically reduce latency for local users while providing high-speed cloud infrastructure for
WASHINGTON / ISLAMABAD — The International Monetary Fund (IMF) has issued a fresh set of recommendations in its Fiscal Monitor 2026 report, advising Pakistan to scrap its existing fuel subsidies. The Fund emphasized that the gradual elimination of these “burdensome” subsidies is critical for the country to maintain medium-term fiscal sustainability and expand its tax
ISLAMABAD — In a major development for Pakistan’s economy, the State Bank of Pakistan (SBP) has officially confirmed the receipt of $2 billion from Saudi Arabia. This significant cash injection comes immediately following Prime Minister Shehbaz Sharif’s high-level meeting with the Saudi leadership in Jeddah. The funds are aimed at stabilizing the national currency and
Saudi Arabia Injects $2 Billion into Pakistan’s State Bank to Stabilize PKR Read More »
WASHINGTON / ISLAMABAD — Global credit rating agency Fitch Ratings has affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The affirmation reflects the country’s steady progress on fiscal consolidation and macroeconomic stabilization, bolstered by the ongoing International Monetary Fund (IMF) program. Key Economic Indicators for FY2026 According to the
Fitch Affirms Pakistan’s Rating at ‘B-‘ with Stable Outlook Amid Fiscal Progress Read More »
WASHINGTON, D.C. — Finance Minister Muhammad Aurangzeb held a series of high-level meetings with global technology and financial leaders on the sidelines of the World Bank–IMF Spring Meetings 2026. The discussions focused on Pakistan’s digital transformation, financial inclusion, and broader economic reform agenda. Google to Open Pakistan Office in July 2026 In a productive meeting
Aurangzeb Engages Big Tech, US Officials in Washington Read More »
Riyadh, December 4: BankIslami hosted a reception dinner in Riyadh in honor of His Excellency Ahmad Farooq, Ambassador of Pakistan to the Kingdom of Saudi Arabia. The event brought together members of Saudi civil society as well as the Pakistani diaspora. Commenting on the nearly eight-decade-long partnership between the Kingdom of Saudi Arabia and Pakistan,
DHA City Karachi – A Project Moving From Vision to Reality When investors evaluate long-term opportunities, they look for three essentials:visible progress, predictable infrastructure, and secure ownership. DHA City Karachi consistently delivers all three — a rarity in Pakistan’s real estate sector. What began as an ambitious plan has now transformed into a rapidly developing
DHA City Karachi: Progressing & Strengthening with Every New Milestone Read More »
Bilal Bin Saqib, Pakistan’s Minister of State for Crypto and Blockchain, has resigned from his role as Special Assistant to the Prime Minister. He stepped down because the rules do not allow him to hold the SAPM position while also serving as the chairman of the Pakistan Virtual Assets Regulatory Authority. After his resignation, some
Bilal Bin Saqib Resigned as Pakistan’s Crypto Minister Read More »
Zindigi, powered by JS Bank, and Orient Electronics Pvt. Ltd have signed a landmark Memorandum of Understanding (MoU) to introduce a Digital Supply Chain Financing (DSCF) program designed to support suppliers and distributors across Orient’s value chain. Through this strategic initiative, Zindigi aims to empower small and medium-sized enterprises (SMEs) with structured, cost-efficient, and easily
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