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Author: Shahnawaz Akhter

state bank of pakistan 03

SBP launches cashless drive for Eid cattle markets

May 20, 2025May 20, 2025Shahnawaz Akhter

Karachi, May 20, 2025 – The State Bank of Pakistan (SBP) has officially launched a comprehensive nationwide campaign titled “Go Cashless” aimed at promoting digital payments and significantly reducing reliance on cash transactions during the upcoming Eid-ul-Azha festivities.

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Pakistan budget 2025-26

World Bank-funded experts reviewing FY26 budget proposals

May 19, 2025May 19, 2025Shahnawaz Akhter

Pakistan is receiving support from top tax experts, financed by the World Bank, to review and evaluate proposals for the upcoming fiscal year 2025-26 budget.

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KCCI Photo

Parliamentarians seek KCCI input for inclusive budget 2025–26

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – A delegation of National Assembly members visited the Karachi Chamber of Commerce and Industry (KCCI) to gather key proposals and insights for the formulation of the Federal Budget 2025–26.

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SBP report on banking sector

Profit repatriation from Pakistan jumps 108% in 10MFY25

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – The repatriation of profit and dividends by foreign investors from Pakistan surged by an impressive 108% during the first ten months (July–April) of the fiscal year 2024–25, according to the latest data released by the State Bank of Pakistan (SBP) on Monday.

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LTO Karachi

LTO Karachi signals possible salary tax relief in budget 2025–26

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – The Large Taxpayers Office (LTO) Karachi has indicated that the salaried class may receive some much-needed relief in the forthcoming federal budget 2025–26.

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Pakistan Stocks - APP

KSE-100 index closes slightly higher amid consolidation phase

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed with a modest gain of 40 points on Monday, as the market continued to hover around its record highs in what analysts described as a consolidation phase.

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SBP raises MCR for microfinance banks to Rs2 billion

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – The State Bank of Pakistan (SBP) has announced a significant policy revision by increasing the Minimum Capital Requirement (MCR) for microfinance banks (MFBs) to Rs2 billion.

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Pakistan IMF

Pakistan, IMF agree: No ban on commercial import of used vehicles

May 19, 2025May 19, 2025Shahnawaz Akhter

Karachi, May 19, 2025 – In a major policy shift aligned with International Monetary Fund (IMF) reforms, Pakistan is set to fully lift the ban on the commercial import of used vehicles.

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Pakistan IMF

Government to increase captive power transition levy to 20%

May 19, 2025May 19, 2025Shahnawaz Akhter

The government of Pakistan has announced plans to increase the Captive Power Transition Levy (CPL) to 20% by August 2026, according to an official document.

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FBR White

Tajir Dost Scheme ends in failure, confirms IMF

May 18, 2025May 18, 2025Shahnawaz Akhter

The Federal Board of Revenue’s (FBR) much-hyped Tajir Dost Scheme — an initiative designed to bring retailers and traders into the formal tax net — has officially ended in failure, according to the latest International Monetary Fund (IMF) country report on Pakistan, released on May 17, 2025.

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  • YouTube Shorts Introduces Full-Screen Viewing and New Controls
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