KARACHI: A Letter of Intent (LOI) to work together on the creation of a Center for Islamic Finance has been signed by Meezan Bank and The Institute of Chartered Accountants of Pakistan (ICAP). By improving professional competence through education, training, and certification programs, this project seeks to fortify the IslamicRead More →
ISLAMABAD : According to Julie Kozack, director of communications for the International Monetary Fund (IMF), Pakistan will get $1.3 billion in installments over 28 months under the Resilience and Sustainable Facility (RSF). During a press conference, Kozack stated that the staff-level agreement mentions $1.3 billion for the RSF for theRead More →
The World Bank Group’s Board of Directors has authorized a $300 million International Development Association (IDA) loan for the Punjab Clean Air Program (PCAP), which would improve air quality management and battle pollution. PCAP will help the Punjab government’s Smog Mitigation Action Plan (SMAP) address the pressing issue of smogRead More →
The International Monetary Fund (IMF) has granted partial permission for a 2% decrease in withholding tax on property transactions, in response to a request by the Federal Board of Revenue. The adjustment, which will take effect in April 2025, is intended to enhance real estate company activity. However, the withholdingRead More →
This week, the Privatization Commission Board approved the transaction structure for a renewed effort to divest 51 to 100 percent of Pakistan International Airlines Corporation Limited (PIACL) shares, as well as management control. The board, chaired by Muhammad Ali, the newly appointed prime minister’s adviser on privatization and chairman ofRead More →
According to Pasar Digital on Sunday, the Security and Exchange Commission of Pakistan (SECP) registered 3,046 new businesses in February 2025, bringing the total to 2,46,608 businesses.Using the digital platform, 99.9% of new businesses were registered by SECP.According to recent data, 38% of businesses were registered as single members, whileRead More →
As fierce competition engulfs the industry, Chinese internet search engine Baidu offered its AI chatbot services free on Sunday and unveiled a new AI reasoning model. Since their inception, Chinese IT companies have been rushing to build better AI systems. In January, DeepSeek surprised its competitors with its open sourceRead More →
ISLAMABAD (Pasar Digital) The fuel duty was raised by the government by Rs. 10 per liter on Saturday. Recently, the petroleum duty was raised from Rs60 to Rs70 per liter. According to sources, the hike in the petroleum levy is in accordance with the promises made by the Pakistani governmentRead More →
The Punjab government is giving 5 kilos of sugar per ID card for one month at a cost of Rs130 per kilogram at Ramadan relief bazaars set up around the state. However, the Punjab government’s Ramadan assistance project has been criticized for limiting sugar distribution to only five kilos perRead More →
Pakistan has rejected IMF plans to hike the gasoline price by an additional Rs10.The IMF’s plan to implement a carbon price was also rejected, as technical discussions between Pakistan and the IMF concluded. The policy-level discussions will begin on Monday. The IMF has also called for an increase in federalRead More →