Hub71-backed ABHI, an embedded finance platform founded in Pakistan, is advancing to its next growth stage by establishing its global HQ in Abu Dhabi with support from the Abu Dhabi Investment Office (ADIO) to grow its international operations.
ABHI joined Hub71, Abu Dhabi’s global tech ecosystem, in 2022 where the...
Tax practitioners have declared the same-day tax recovery from bank accounts immediately after issuing notices under Section 140 of the Income Tax Ordinance as unlawful.
They stated that the law requires the Commissioner Inland Revenue to set a specific future date for payment in the notice. The Federal Board of...
The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to address the artificial control over currency exchange rate, asserting that the current dollar value is being kept deliberately high.
Economic indicators suggest that fair value of the dollar should be around Rs260, it said.
In a statement, PBF Chief...
Mehran Sugar Mills Limited (MRNS) announced on Thursday that it had initiated the winding up procedure of its wholly owned subsidiary Mehran Energy Limited (MEL).
This was informed in a notice to the Pakistan Stock Exchange (PSX) today.
The notice further said that MEL was incorporated in 2016 with “paid up...
Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA), has recently announced Meezan Bank’s certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan Bank, the country’s Premier Islamic bank, as the first in Pakistan to attain such an accreditation.
The certification ceremony was...
Pakistan’s budget deficit was recorded at Rs6.17 trillion, i.e. 5.4% of the GDP, during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance.
A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division showed that total...
Pakistan Stock Exchange surged on Tuesday as investor sentiment strengthened. Confidence rose after a meeting between business leaders and Field Marshal Asim Munir coupled with the government’s Senate majority win further eased political uncertainty.
The benchmark KSE-100 Index surged by 1,202 points or 0.87 percent to close at 139,419.62 points,...
Pakistan and Iran have agreed on the text of proposed Free Trade Agreement (FTA) aimed at enhancing bilateral trade and now list of items are being exchanged on which tariff will be reduced to zero or lowered.
This was disclosed by Ministry of Commerce while giving a detailed briefing on...
Pakistan’s pharmaceutical sector foresees a window of opportunity to enhance its exports manifolds to the United State of America (USA) after announcement of new tariff policy for various countries which provides a competitive edge to Pakistan against neighbouring economies.
Pakistan has been imposed a tariff of 19 percent for exporting...
State Bank of Pakistan (SBP) Governor Jameel Ahmed said on Wednesday that the country’s economic outlook remains highly optimistic, with GDP growth projected between 3.5-4.5 percent for FY26, rising home remittances and foreign exchange reserves, and manageable external debt repayments of $26 billion during the current fiscal year.
While addressing...
