Menu

Latest News

Pakistan’s Forex Reserves are Up—But Stability is Still Fragile
Pakistan's forex reserves have recovered significantly, but stability remains managed by external support (IMF, rollovers), not secured by self-sufficiency. The economy faces huge continuous strain from debt servicing (around $22B annually) and a large trade deficit ($35B projected). Stagnant exports and reliance on imports keep the situation vulnerable. To secure stability, Pakistan must prioritize structural reforms focused on reducing import dependency and aggressively boosting exports and remittances. The current calm is only a temporary "base camp."
Read more
Digital Funds Access to Be Halted as Biometric Verification Deadline Hits
The State Bank of Pakistan (SBP) has mandated that all digital bank accounts and mobile wallets in the country must have biometric verification completed by the deadline.Millions of account holders who failed to meet the deadline face immediate service suspension, losing the ability to send or receive funds. This new rule is part of a strict SBP policy shift to strengthen Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) controls.Customers must complete biometric verification as soon as possible to reactivate their accounts.
Read more
Apni Chhat Apna Ghar - Hits PKR 113 Billion Disbursement Mark
The Punjab government has disbursed PKR 113 billion in home loans to 95,600 low-income families through the ‘Apni Chhat Apna Ghar’ Programme. The initiative, championed by CM Maryam Nawaz, aims to help 500,000 families over five years. Currently, 82,931 houses are under construction, with 20,940 already completed. The scheme emphasizes transparency and strict eligibility checks, benefiting both urban and rural areas.
Read more
Lahore Plans Second Airport; Site Identified Near Ravi City
The Punjab government is moving forward with an initial plan for Lahore's second airport to reduce pressure on the existing system and support urban growth. The Ravi Urban Development Authority (RUDA) has identified a potential site near Ravi City, close to the M-3 Motorway, about 30 km from Allama Iqbal International Airport. The project is currently in the consultation stage to determine its cost and financing. While no timeline is set, the new facility is expected to boost employment and investment, strengthening Lahore's role as a major commercial hub.
Read more
Pakistan Telecom: Ufone-Telenor Merger Creates a Two-Giant Battle
The Ufone-Telenor merger has transformed Pakistan's telecom sector into a three-player market, creating a near two-horse race. The new entity, MergeCo (≈32.8% share), is now a powerful rival to the market leader, Jazz (≈43%). This consolidation is expected to spark intense competition, forcing both giants to invest heavily in 4G and 5G networks. Customers are set to benefit from better network quality and more competitive pricing, while Zong (≈24.1%) adapts as the third major competitor.
Read more
FBR Reverses Course, Extends Income Tax Return Deadline to October 15
The Federal Board of Revenue (FBR) has unexpectedly extended the deadline for filing income tax returns for the tax year 2025 to October 15, reversing its firm prior stance. The decision was announced late Tuesday, right as the initial September 30 deadline was expiring. The FBR stated the extension, granted under Section 214A of the Income Tax Ordinance, 2001, was in response to requests from "various trade bodies, tax bar associations and the general public." Just one day earlier, the FBR had explicitly dismissed all reports of a possible extension, calling them "false, baseless, and misleading.
Read more
Islamic Development Bank Backs Pakistan’s M-6 Motorway with $475 Million Boost
The Islamic Development Bank (IsDB) has approved $475 million in financing for Pakistan's 306 km M-6 Sukkur-Hyderabad motorway, a crucial north-south corridor project. The $1.7 billion, six-lane motorway is part of CPEC's Eastern Alignment. While construction is planned for April 2026, the project faces delays and cost increases. The government is seeking further funding from institutions like the Saudi Fund for Development and the Asian Development Bank to cover the remaining costs.
Read more