The government has unveiled a strategy to transform Pakistan’s financial sector into a fully Shariah-compliant system after December 31, 2027, pledging a gradual transition that safeguards financial stability, honours all existing contracts, and avoids disruption to banking, capital markets and public finances. The ‘Post-2027 Financial System in Pakistan’ strategy paper, released by the Finance Division, […]
Financial
Punjab’s Financial Performance in 2025-26
The financial year 2025-26 marks a defining period in Punjab’s public finance management, reflecting a shift from conventional budgeting toward results-oriented governance, fiscal discipline and accelerated development spending. Under Chief Minister Maryam Nawaz, the provincial government pursued efficient budget utilisation, enhanced revenue mobilisation, prudent expenditure management and institutional reforms to strengthen financial governance while expanding […]
Punjab Police, UNODC to jointly eliminate financial crimes
Advisor Criminal Justice and Legal Reforms of the United Nations Office on Drugs and Crime (UNODC), Arslan Malik, met Inspector General Police Punjab Abdul Kareem at the Central Police Office. DIG Training Munir Ahmad Zia Rao was also present on the occasion. During the meeting, IG Punjab briefed the delegation on the ongoing initiatives of […]
Govt approves Rs 12.5m financial aid for 230 athletes
The Sindh Government has approved the provision of financial assistance amounting to Rs 12.5 million to 230 athletes under the Endowment Fund. According to a spokesperson, this decision has been taken for the welfare of deserving and needy athletes of the province. Secretary Sports Sindh, Munawar Ali Mahesar, stated that on the directives of Sindh […]
Dar calls for revival of multilateralism, financial reforms at Margalla Dialogue
Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar on Monday called for renewed global commitment to multilateralism and urgent reforms in the international financial and governance systems, as he inaugurated the Sixth Margalla Dialogue 2025 hosted by the Islamabad Policy Research Institute (IPRI). Speaking at the opening session themed “The Future of […]
Zamrak lauds CM for setting up Loralai Division, two new districts
QUETTA: Balochistan Minister for Agriculture and Cooperatives Engineer Zamrak Khan Achakzai lauded decision of Chief Minister Mir Jam Kamal Khan for the establishment of Loralai Division besides formation of two districts from Kila Abdullah. In a statement, he said that establishment of new division and the districts would improve performance of service delivery, financial and […]
Japan PM meets Iran supreme leader seeking to ease US tensions
Japan’s Prime Minister Shinzo Abe met Iran’s supreme leader Ayatollah Ali Khamenei Thursday, seeking to ease tensions between Tehran and Washington during the first visit by a Japanese premier since the 1979 Islamic revolution. Tokyo is a key ally of Washington and has also traditionally enjoyed good ties with Tehran. “Meeting with Mr. @AbeShinzo, the […]
Airbus keeps outlook as Q1 core earnings rise
European planemaker Airbus stuck to its full-year financial targets after reporting slightly higher-than-expected core first-quarter profits, overshadowed by a heavy drain on cash as it stocked parts to ease industrial bottlenecks. Quarterly revenues rose 24 percent from a year ago to 12.55 billion euros ($14 billion), while adjusted operating profit jumped to 549 million euros […]
Financial inclusion and Zakat
Financial inclusion is getting increasingly popular across the globe as a development policy agenda, particularly among the developing countries. Programmes for increasing financial inclusion are gaining momentum by the day. The concept gained early currency in early 2000s. It is now getting support from global development agencies as a priority development agenda because it helps […]
Changing of The Financial Guard
After weeks of intense speculation over about his possible exit, Asad Umar resigned as the Federal Minister for Finance. Subsequently he refused the offer of joining the Cabinet and becoming the Energy Minister. For the record, Asad deserves kudos for husbanding Pakistan’s economy from what was essentially a no-hope economic situation. The irony of it […]