KARACHI June 23,2026: The State Bank of Pakistan’s instant payment system, Raast, is on track to process over $500 billion (around Rs140 trillion) in transactions by December 2026, according to Raast Payment Pakistan CEO Ahson Saeed on Tuesday. He said this would exceed Pakistan’s projected GDP of $452 billion for …
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ISLAMABAD, June 23, 2026: Experts on Tuesday urged the government to end the freeze on tobacco taxation. They also called for annual inflation-linked tax increases and a possible climate levy on the tobacco industry. They warned that delays are increasing pressure on Pakistan’s health system, economy, and environment. The Sustainable …
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ISLAMABAD, June 23, 2026: The Competition Commission of Pakistan (CCP) approved the acquisition of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO. It cleared the deal after completing a Phase-I review under the Competition Act, 2010. Kemyion submitted the pre-merger application under Section 11 of the Act. …
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ISLAMABAD, June 23: The Securities and Exchange Commission of Pakistan (SECP) approved the Initial Public Offering (IPO) of LSE SPAC-II. This becomes the second Special Purpose Acquisition Company (SPAC) set for listing on the Pakistan Stock Exchange (PSX). Moreover, it marks the 14th IPO approval in FY 2025–26, reflecting stronger …
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KARACHI June 23,2026 : The State Bank of Pakistan (SBP) released the advance calendar for Monetary Policy Committee (MPC) meetings for FY27. It also expanded its communication framework to improve transparency and predictability in monetary policy. Moreover, SBP increased post-MPC press conferences from two to four per year. The Governor …
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KARACHI, June 20, 2026: United Business Group (UBG) Patron-in-Chief SM Tanveer and President Zubair Tufail have welcomed the government’s decision to reduce petroleum prices. They described the move as positive for both consumers and the business community. The UBG leaders said the government reduced fuel prices following a decline in …
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KARACHI, June 18, 2026: Port Qasim Authority (PQA) has renewed its Implementation Agreement with Engro Vopak Terminal Limited (EVTL). As a result, EVTL continues to operate Pakistan’s only integrated bulk liquid chemical and LPG terminal. Moreover, this renewal extends a partnership of more than three decades between the two organisations. …
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KARACHI, June 18, 2026: Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, says Pakistan’s youth is its biggest asset. However, he stresses that the country must adopt an urgent national skills development policy to turn this potential into economic strength. He says that if Pakistan trains …
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ISLAMABAD, June 17 ,2026: Pakistan recorded a $459 million current account surplus in May 2026, according to data released by the State Bank of Pakistan (SBP) on Wednesday. This marks a sharp reversal from the $276 million deficit in April, as the external sector showed continued improvement. Moreover, the cumulative …
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KARACHI, June 15, 2026: The State Bank of Pakistan (SBP) on Monday kept its key policy rate unchanged at 11.5%, citing a stable macroeconomic outlook despite rising inflation, slowing economic activity, and uncertainty linked to the prolonged Middle East conflict. Announcing its latest monetary policy, the Monetary Policy Committee (MPC) …
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