PayPak to Enable Secure Transfers for Pakistani Freelancers and Workers in Gulf
The federal government is keen to facilitate overseas Pakistanis and Pakistani youth in Gulf countries, mainly by providing a technological solution that enables them to send remittances to their families with ease through a domestic payment scheme, PayPak.
Mehfooz
FY-2025: Overseas Remittances Hit $38.3 Billion, Up 26.6% Year-on-Year
The workers’ remittances increased by 26.6 percent during the fiscal year 2025 as compared to the corresponding period of last year.
Adil Aziz
Financial Inclusion and Stable Economic Policies Key to Growth, Says SBP Governor at We Finance Code Debut
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad said that SBP is fully committed to undertake structural reforms and lay the foundation for sustainable and inclusive economic growth. He was speaking at the launch ceremony of Women Entrepreneurs Finance Code in Karachi organized jointly by SBP and the Asian Development Bank (ADB). Governor Jameel…
Pakistan to Empower 2 Million Women with $350M ADB Support
The Asian Development Bank (ADB) has announced $350 million in funding for the second phase of the Women-Inclusive Finance Sector Development Program in Pakistan.
Editor
SECP Forms Panel to Improve Investor Onboarding in Capital Markets
The Securities and Exchange Commission of Pakistan (SECP) has constituted a Committee to evaluate the existing account opening process with the intermediaries in capital markets, identify pain points, recommend improvements in existing processes and regulatory framework to make the account opening process more time efficient and customer-friendly.
Pakistan Signs Major $1B Loan Agreement for 5 Years
The Ministry of Finance has signed a syndicated term finance facility of $1,000 million partially guaranteed by a Policy Based Guarantee of the Asian Development Bank’s (ADB) Program “Improved Resource Mobilization and Utilisation Reform”.
Pakistan’s Current Account Surplus Hits $1.8 Billion in FY25
Pakistan’s External Current Account Balance recorded a surplus of US$ 1.812 billion during July to May 2024-25 as compared to a deficit of $ 1.572 billion during the first 11 months of previous fiscal year.
SBP’s Monetary Policy Committee Holds Interest Rate unchanged
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 11% in its latest Monetary Policy Committee (MPC) meeting on June 16, 2025.
SBP’s Upcoming Monetary Policy Shift: What to Expect on June 16
The State Bank of Pakistan will announce Monetary Policy on June 16 in a meeting of the Monetary Policy Committee (MPC).
Pakistan’s foreign reserves surge to $16.65 Billion
The total liquid foreign reserves of Pakistan surged to US$ 16,648.5 million as of May 16 while the reserves held by the State Bank of Pakistan increased to $ 11,446.5 million.