EconomyCommerce ministry distances itself from smuggling oversight, calls for cross-agency strategy
Senators express concern over Rs750bn annual tax loss to illicit trade; debate intensifies over tobacco sector claims
Jun 6, 2025
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Economy
HeadlinesNew York mayor meets Pakistan’s crypto minister to discuss Web3 collaborations
Pakistani and US officials explore strategic digital finance partnership during high-level meetings in New York and Washington
Jun 6, 2025
HeadlinesCommerce Ministry distances itself from handling illicit trade, calls for "Whole-of-Government" approach
Senate sub-committee discusses illicit trade and its impact on Pakistan's economy
Jun 6, 2025
HeadlinesImporters face dollar shortage and rising costs as exchange rates exceed official limits: report
Despite stronger dollar inflows, limited access to foreign currency and rising import costs continue to strain importers, with reports of price hikes beyond official exchange rates
Jun 6, 2025
HeadlinesFBR to propose Rs 200 billion in new tax measures in Finance Bill 2025-26
New taxes include 18% sales tax on solar panels, e-commerce, and ultra-processed foods, as well as expanded scope of services and products under sales tax.
Jun 6, 2025
HeadlinesPakistan moves closer to crypto regulation with draft framework under review
Finance Minister Aurangzeb urges swift enactment as stakeholders agree to fast-track legal approval process
Jun 5, 2025
HeadlinesPakistan’s poverty headcount jumps to 44.7% under new World Bank threshold
Updated global poverty lines reflect price changes, but experts warn figures rely on outdated 2018-19 data
Jun 5, 2025
HeadlinesSBP reserves dip by $7 million despite recent IMF inflow
Pakistan’s total foreign reserves stand at $16.60 billion; commercial banks hold $5.09 billion
Jun 5, 2025
EconomyWeekly inflation flat as price gains in key foods offset by declines in chicken, garlic
SPI records marginal 0.02% increase WoW; year-on-year reading dips slightly by 0.02%
Jun 5, 2025
World Business NewsECB cuts interest rates for the eighth time in a year
The new rate is now in the middle of the range the bank sees as neutral, meaning it neither boosts nor slows the economy
Jun 5, 2025
World Business NewsEU watchdog files complaint against Shein over dark patterns
These patterns include pop-ups urging users to stay for deals, countdown timers creating pressure to buy, and infinite scrolling
Jun 5, 2025
TechOpenAI reports rise in Chinese use of its AI for covert activity
The company says these groups use more tactics now, but their actions stay small and reach only a few people
Jun 5, 2025