News

Visa discusses digitising govt payments

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held a meeting with a Visa delegation led by Tareq Muhmood, Regional President for Central Europe, Middle East and Africa, to discuss advancing digital payments, financial inclusion and ongoing economic reforms in Pakistan. Aurangzeb appreciated Visa's continued engagement with Pakistan's financial sector. The discussion fo

Govt fixes dollar rate, shifts to KIBOR for 5G

The Ministry of IT and Telecom has acknowledged long-standing demands of the telecom sector by easing payment terms and fixing exchange and interest rates in its policy directive for the upcoming next-generation mobile spectrum auction, a move that clears the way for the Pakistan Telecommunication Authority to issue the Information Memorandum for existing operators and new entrants to participate

Finance ministry admits transparency gaps in key investment projects

A Ministry of Finance report has accepted that the absence of structured transparency in the Special Investment Facilitation Council's (SIFC) initiatives could undermine policy predictability and weaken the confidence of investors. In its 240-page Prime Minister's Economic Governance Reforms Agenda, the finance ministry committed to bringing transparency in the SIFC affairs, showed the report r

Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs

Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court ruling on the legality of President Donald Trump’s sweeping global tariff that jolted markets last year. Simmering geopolitical tensions across the globe boosted oil prices, as well as defence stocks, and will remain in traders mind as they weigh developments

Digital transformation unveiled: Zarea Ltd positioning for global commodities leadership

Zarea Limited has announced a comprehensive digital transformation, signaling a major shift in its business model and laying the foundation for a dominant role in the global commodities market. The company disclosed the initiative through a formal filing with the Pakistan Stock Exchange, describing the move as a complete re-engineering of its identity, technology, and operational capabilities.