A high-level delegation from Deloitte Advisory US, led by Richard Longstaff, on Wednesday called on Minister for Commerce Jam Kamal Khan to discuss strategic reforms, institutional development and investment facilitation. Richard Longstaff expressed Deloitte’s commitment to supporting Pakistan’s energy and economic goals through global expertise. Sofyan Yusufi, Deloitte’s lead advisory partn
Banks’ credit to non-bank financial institutions (NBFIs) sharply declined to Rs416 billion during November-May FY25, compared to over Rs1 trillion by mid-Nov FY25. The State Bank’s latest data showed that banks had pulled back their funds from NBFIs, which were earlier injected largely to avoid government-imposed tax measures. Banks had pumped over Rs1tr into NBFIs — a record for the sector
With a massive 22 per cent surge in power consumption in April compared to last year, the electricity price hike has once again returned to burden consumers, as public sector distribution companies (Discos) have sought a Rs1.27 per unit increase in the fuel price adjustment (FCA) for electricity consumed in April. If approved, the ex-Wapda Discos would charge about Rs13 billion more from consum
Pakistan’s trade deficit with nine neighbouring countries widened by 34.64 per cent, reaching $9.787 billion in the first ten months of the current fiscal year (FY25), compared to $7.269 billion during the same period last year. Exports witnessed significant growth to Bangladesh, Afghanistan and Sri Lanka, spurred by recent changes in the regional political landscape. However, trade with these
The government on Wednesday announced establishing a Pakistan Digital Assets Authority (PDAA) to regulate and accelerate the Virtual Asset Economy compliant with the Financial Action Task Force (FATF) safeguards. In a statement, the Ministry of Finance said it was initiating a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. On t