News Update

19

May 2025

May 19, 2025 • 5 min read

IMF Cuts Pakistan’s GDP Forecast to 2.6% With Exports Set to Fall

The International Monetary Fund (IMF) has cut Pakistan’s GDP growth forecast for FY2024–25 to 2.6 percent, down from 3.2...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Foreign Investors Repatriate Over $1.8 Billion Profit Out of Pakistan in 10 Months

The repatriation of profits and dividends from foreign investments in Pakistan surged by 107 percent during the first te...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Govt Unhappy With FBR Spending Rs. 2.2 Billion to Buy 179 Cars

The Planning Commission has raised objections to the Federal Board of Revenue’s (FBR) proposal to spend Rs. 2.237 billio...

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News Update

19

May 2025

May 19, 2025 • 5 min read

SBP Revises Paid-up Capital Requirement for Microfinance Bank

The State Bank of Pakistan (SBP) has revised up the minimum capital requirement (MCR) or paid-up capital of the microfin...

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News Update

19

May 2025

May 19, 2025 • 5 min read

SECP Issues Consultation Paper on Promoting Shariah-Compliant Intermediaries

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper proposing measures to promote...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Tax Incentives Must End, Energy Tariffs Must Rise: IMF Pushes Stricter Reforms on Pakistan

The International Monetary Fund (IMF) has highlighted growing risks to Pakistan’s economic stability and mostly pointed...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Pakistan Investor Summit 2025 Hosts Over 100 Startups and 400 Participants

The Pakistan Investor Summit 2025 – Summer Edition, hosted at NIC Karachi, concluded after five dynamic days that brough...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Pakistan’s Startup Funding Crashes By 70%

Pakistan’s startup ecosystem experienced a sharp decline in investor confidence during 2024, with venture capital fundin...

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News Update

19

May 2025

May 19, 2025 • 5 min read

IMF to Give Pakistan $410 Million Climate Funds Next Fiscal Year

Pakistan ranks among the 15 most climate-vulnerable countries globally and is experiencing a sharp rise in the frequency...

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News Update

19

May 2025

May 19, 2025 • 5 min read

Govt Commits to Clear Rs. 2.4 Trillion Circular Debt By End of Current Fiscal Year

Pakistan has committed to clearing the Rs. 2.4 trillion circular debt stock by the end of fiscal year 2025. The debt rep...

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News Update

18

May 2025

May 18, 2025 • 5 min read

IMF Sets Rs. 14.3 Trillion Tax Target As FBR Eyes Ending Non-Filer Category in FY26

The International Monterey Fund (IMF) has projected Rs. 14,307 billion (10.7 percent of GDP) as a tax collection target...

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News Update

18

May 2025

May 18, 2025 • 5 min read

FBR Assures IMF of Crackdown on Tax Evasion in Retail, Real Estate, Tobacco Sectors

The Federal Board of Revenue (FBR) has assured International Monetary Fund (IMF) that it will identify high-risk taxpaye...

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News Update

18

May 2025

May 18, 2025 • 5 min read

ABHI Partners With UAE Firm to Offer Instant Wage Access to Overseas Pakistanis

ABHI, through its Middle East chapter, has partnered with LuLu Financial Holdings, a leading global financial services c...

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News Update

18

May 2025

May 18, 2025 • 5 min read

FBR Imposes 10% Fee on Commercial Goods Entering Afghanistan Via Pakistan

The Federal Board of Revenue (FBR) has imposed a 10 percent processing fee on dozens of Afghan transit commercial goods...

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News Update

18

May 2025

May 18, 2025 • 5 min read

Pakistan Needs to Fulfill 11 More IMF Conditions or No More Funds

The International Monetary Fund has imposed 11 new conditions on Pakistan for the release of remaining funds under the o...

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News Update

18

May 2025

May 18, 2025 • 5 min read

Pakistan’s Fintech Market Can Cross $7 Billion Mark by FY26: Middle East Investor

Muhammad Ghazali Aqeeq, a prominent investor and managing director of a leading management consulting firm in the Middle...

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News Update

18

May 2025

May 18, 2025 • 5 min read

Pakistani Company Wins Top Award At World’s Largest Olive Oil Competition

Loralai Olives has become the first Pakistani brand to win Silver at the NYIOOC World Olive Oil Competition for its Arbe...

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News Update

18

May 2025

May 18, 2025 • 5 min read

Govt Eyes Rs. 700 Billion Tax Raid in Upcoming Budget, Relief For Salaried Class Unlikely

Pakistan and the International Monetary Fund (IMF) are trying to enforce more tax measures to raise an extra Rs. 700 bil...

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News Update

17

May 2025

May 17, 2025 • 5 min read

Federal Minister Ali Pervaiz Malik Echoes Government’s Commitment to Pro-Business Policies

The newly appointed Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, Former Minister of State for Finance, assured...

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News Update

17

May 2025

May 17, 2025 • 5 min read

Raqami, Pakistan’s First Digital Islamic Retail Bank Awarded Restricted License by State Bank of Pakistan to Commence Pilot Operations

Raqami Islamic Digital Bank Limited has been awarded a restricted banking license by State Bank of Pakistan under the Li...

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News Update

16

May 2025

May 16, 2025 • 5 min read

Rupee Ends Post-War Week in Red Against US Dollar, Other Currencies

The Pakistani rupee (PKR) closed in red against the US Dollar (USD) on Thursday. On a day-on-day (DoD) basis, the interb...

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News & Updates

IMF Cuts Pakistan’s GDP Forecast to 2.6% With Exports Set to Fall

Foreign Investors Repatriate Over $1.8 Billion Profit Out of Pakistan in 10 Months

Govt Unhappy With FBR Spending Rs. 2.2 Billion to Buy 179 Cars

SBP Revises Paid-up Capital Requirement for Microfinance Bank

SECP Issues Consultation Paper on Promoting Shariah-Compliant Intermediaries

Tax Incentives Must End, Energy Tariffs Must Rise: IMF Pushes Stricter Reforms on Pakistan

Pakistan Investor Summit 2025 Hosts Over 100 Startups and 400 Participants

Pakistan’s Startup Funding Crashes By 70%

IMF to Give Pakistan $410 Million Climate Funds Next Fiscal Year

Govt Commits to Clear Rs. 2.4 Trillion Circular Debt By End of Current Fiscal Year

IMF Sets Rs. 14.3 Trillion Tax Target As FBR Eyes Ending Non-Filer Category in FY26

FBR Assures IMF of Crackdown on Tax Evasion in Retail, Real Estate, Tobacco Sectors

ABHI Partners With UAE Firm to Offer Instant Wage Access to Overseas Pakistanis

FBR Imposes 10% Fee on Commercial Goods Entering Afghanistan Via Pakistan

Pakistan Needs to Fulfill 11 More IMF Conditions or No More Funds

Pakistan’s Fintech Market Can Cross $7 Billion Mark by FY26: Middle East Investor

Pakistani Company Wins Top Award At World’s Largest Olive Oil Competition

Govt Eyes Rs. 700 Billion Tax Raid in Upcoming Budget, Relief For Salaried Class Unlikely

Federal Minister Ali Pervaiz Malik Echoes Government’s Commitment to Pro-Business Policies

Raqami, Pakistan’s First Digital Islamic Retail Bank Awarded Restricted License by State Bank of Pakistan to Commence Pilot Operations

Rupee Ends Post-War Week in Red Against US Dollar, Other Currencies

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