ISLAMABAD — In a major breakthrough for tax simplification, the Federal Board of Revenue (FBR) and all provincial revenue authorities have finalized a unified legal and technical framework for a Harmonized Sales Tax (HST). Under this landmark reform, businesses will no longer need to file separate sales tax returns across multiple provincial jurisdictions. Instead, a […]
RAWALPINDI / QUETTA — Prime Minister Shehbaz Sharif has issued directives to establish a dedicated “Mineral Security Corridor” in Balochistan to safeguard large-scale international mining and infrastructure projects. Simultaneously, Chief of Army Staff (COAS) General Asim Munir visited the Quetta Garrison, where he emphasized that Pakistan’s economic and technological rise cannot be derailed by hostile
ISLAMABAD / KARACHI — According to the latest data released by the State Bank of Pakistan (SBP), the country’s technology exports have witnessed a massive 33% year-on-year growth, reaching an impressive $423 million for the single month of April 2026. This extends a continuous streak where monthly IT export revenue has comfortably held above the
Pakistan Tech Exports Surge: IT Revenue Hits $423 Million in Record-Breaking Month Read More »
ISLAMABAD — The Federal Cabinet, led by Prime Minister Shehbaz Sharif, has officially suspended all business and market closing-time restrictions across the country until May 31, 2026. The emergency exemption temporarily overrules the austerity measures enacted on April 6. This means shopping malls, bazaars, retail shops, bakeries, and restaurants nationwide can now remain open 24/7
ISLAMABAD — Finance Minister Muhammad Aurangzeb met with US Assistant Secretary S. Paul Kapur to discuss deepening economic ties. The meeting focused on accelerating Pakistan’s digital finance, technology, and energy sectors through transparent and predictable reforms. US officials acknowledged Pakistan’s stabilization efforts and expressed strong interest from American firms in long-term infrastructure and technology projects.
KARACHI — The State Bank of Pakistan (SBP) has officially entered the pilot phase of its Central Bank Digital Currency (CBDC), titled “Pak-Digital.” Selected commercial banks have begun testing the digital rupee for inter-bank settlements and retail micro-payments. This move aims to reduce the circulation of physical currency, combat document forgery, and bring millions of
SBP Digital Rupee Update: State Bank Initiates Pilot Phase for “Pak-Digital” Currency Read More »
THAR / BERLIN — Pakistan has signed a massive $1.2 billion agreement with a German energy consortium to launch a Green Ammonia production plant in Thar. By utilizing solar and wind power, the facility will produce carbon-free hydrogen, positioning Pakistan as an emerging player in the global green fuel market. This project aims to decrease
Thar Coal to Hydrogen: Pakistan Inks $1.2 Billion Deal for Green Ammonia Project Read More »
KARACHI — Despite the geopolitical tension, the Pakistan Stock Exchange (PSX) showed remarkable resilience today. The KSE-100 index gained over 650 points, closing in the green as local investors took advantage of low prices in the energy and fertilizer sectors. Analysts believe that while the petrol hike is a concern, the stability in foreign reserves
Market Resistance: PSX Closes High as KSE-100 Reclaims Ground Amid Economic Uncertainty Read More »
ISLAMABAD — In a major development providing much-needed relief to the inflation-hit public, the Government of Pakistan has announced a significant reduction in petroleum prices. Petrol prices have been slashed by Rs. 36 per litre, bringing the new rate down from its previous peak. This move comes as international oil prices stabilized and the Pakistani
Huge Relief: Petrol Prices in Pakistan Slashed by Rs. 36 Per Litre Starting Today Read More »
KARACHI — After a week of record-breaking highs, the Pakistan Stock Exchange (PSX) witnessed a sharp correction today. The KSE-100 index shed over 1,800 points (approx. 1.1%), closing near the 167,000 mark. Analysts suggest that this dip is a natural result of “profit-taking” by investors who had gained significantly during the recent bull run. Additionally,
PSX Faces Profit-Taking: KSE-100 Dips 1,800 Points Amid Regional Uncertainty Read More »
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