Tag: Pakistan

New data from the State Bank of Pakistan shows that individuals now hold almost 50% of the country’s total bank deposits. As of August 2025, total deposits reached Rs. 33.8 trillion, with 49.4% (over Rs. 16 trillion) belonging to ordinary citizens. This highlights the dominant role of households in Pakistan’s financial system, with the private business sector and government holding a much smaller share.

The Rawalpindi Development Authority (RDA) has signed a Memorandum of Understanding (MoU) with the Financial Accounting and Budgeting System (FABS) to launch the SAP Enterprise Resource Planning (ERP) system. This new system will digitize and automate all of the RDA’s financial transactions, including budgeting and payments. The move is aimed at enhancing transparency, efficiency, and accountability, in line with the government’s vision for e-governance.

The Capital Development Authority (CDA) has completed six large-scale development projects over the past year, valued at an estimated Rs. 23 billion. The completed projects include the Jinnah Square Interchange at Serena and Jinnah Convention Chowks, the Jinnah Square Murree Road Interchange, and the Tayyip Erdogan Interchange. Additionally, the CDA widened and rehabilitated Park Road, renovated the Convention Centre, and constructed new parking plazas in commercial areas. Work is also underway on the T-Chowk Flyover.

Pakistan is facing a dollar shortage, a problem worsened by the recent floods that have disrupted the foreign exchange market. The scarcity of dollars could jeopardize the rupee's recent winning streak, as banks and exchange outlets have been submerged. While the shortage is expected to be temporary, analysts warn it could strain the country's foreign exchange reserves and hinder imports. Despite a recent upgrade and rising remittances, a survey indicates that nearly half of market participants expect the rupee to weaken to 285-290 per dollar by year-end.

The Punjab government has announced a new plan to construct 57,000 affordable houses on government land across 21 districts. The project, which will be offered to eligible citizens on easy installment plans, is expected to be a joint collaboration with the World Bank and the private sector. The plan is awaiting final approval from the provincial cabinet.

The Sindh government has agreed to a partnership with NADRA to launch an online property transfer system and improve land record management. The collaboration also includes plans to establish 13 new NADRA offices and mega centers across the province, with a focus on rural areas. This move is part of the government's push for modern, digital services for its citizens.