The National Assembly on Tuesday passed the budget for the upcoming fiscal year during a session that saw the opposition staging a walkout. Finance Minister Muhammad Aurangzeb moved the bill for the House to approve the budget proposals for the next fiscal year after the opposition’s walkout. The walkout was preceded by a speech by […]
finance
Pakistan, China discuss green finance, climate-linked investment
Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Thursday appreciated the strong and longstanding cooperation between Pakistan and Chinese institutions in the area of sustainable finance and development cooperation. The minister held a comprehensive meeting with Dr Ma Jun, President of the Institute of Finance and Sustainability, Beijing, China, said a press release issued […]
Pakistan receives $2 billion from Saudi Arabia
Pakistan has received $2 billion from Saudi Arabia, confirmed the State Bank of Pakistan, marking a significant boost to the country’s foreign exchange reserves amid ongoing economic pressures. Read More: Saudi Arabia pledges $3 billion support for Pakistan According to official confirmation, the funds were transferred as part of Saudi financial support commitments to Pakistan. The development […]
Al Baraka Bank launches digital hub and digital auto finance
Al Baraka Bank (Pakistan) Limited (ABPL), marked a significant milestone in its Digital Transformation Journey with the inauguration of its Digital Hub (Design Lab) and Digital Auto Finance, reinforcing the Bank’s commitment to innovation, customer convenience, digital transformation and Shariah-compliant financial solutions. The inauguration ceremony was attended by Syed Sohail Javaad- Executive Director, (Digital Financial […]
Centre rejects KP claim of stalled NFC funds
The Ministry of Finance here on Saturday reaffirmed the Federal government’s continued commitment to ensuring timely, transparent, and sustained financial transfers to KP in accordance with the National Finance Commission (NFC) Award and beyond, reflecting the Federation’s resolve to support provincial development, fiscal stability, and post-conflict rehabilitation. Under the 7th NFC Award, KP’s share was […]
Govt pitches ‘Cashless Pakistan’ vision to foreign investors
Khurram Schehzad, Advisor to the Finance Minister of Pakistan, held a high-level strategic meeting with a delegation of leading international fintech investors from the Middle East, highlighting Pakistan’s improving macroeconomic stability, reform momentum, and expanding digital investment landscape. The delegation was led by Dr. John Sfakianakis, Chairman, Fintech Solutions Holding, a globally recognized economist and […]
Pakistan calls for equitable climate finance at UNEA dialogue
Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik has stressed that environmental degradation poses systemic risks to the global financial system and called for more accessible and equitable climate finance for vulnerable countries. Speaking at a high-level Leadership Dialogue titled “The Bottom Line: Why Tackling Environmental Degradation Is Critical to the Future […]
Govt, Binance to explore ‘tokenisation’ of $2bn in assets
Ministry of Finance and Binance Investments Company Limited on Friday signed a Memorandum of Understanding (MoU), which aimed to leveraging emerging financial technologies to strengthen Pakistan’s capital markets and enhance global investor access. The MoU was signed by the Minister for Finance and Revenue, Senator Muhammad Aurangzeb and Richard Teng, Chief Executive Officer of Binance. […]
China executed former Huarong executive for $156m bribe
BEIJING: China executed Bai Tianhui, the former general manager of China Huarong International Holdings (CHIH), for accepting more than $156 million in bribes, state media reported Tuesday. Read More: ‘SayNoToBribes’: massive anti-bribery drive launched across Punjab Bai was found guilty of offering favourable treatment in project acquisitions and financing between 2014 and 2018. CHIH is a […]
Pakistan Unlocks AI Potential with Local Data Centre
Pakistan AI data centre launches to boost artificial intelligence adoption in healthcare, finance, agriculture, and public safety. Telenor and Data Vault opened the first locally hosted sovereign AI cloud. It allows enterprises to access advanced Nvidia GPUs for AI computing. The project ensures all data remains inside Pakistan, enhancing cybersecurity and national data protection. Experts […]