The Federal Investigation Agency has arrested a suspect involved in illegal currency exchange and hundi/hawala operations, recovering millions in foreign currency. A spokesperson for the FIA said on Thursday that during a recent operation, a suspect named Shabbir Ahmed was arrested, and authorities recovered $5,100, 20,100 afghanis, over 34.1 million Iranian rials, and more than Rs1.5m Pakistan
Commerce Minister Jam Kamal Khan held productive discussions with Bangladesh’s Adviser for Industries Adilur Rahman Khan in Dhaka on Thursday to explore avenues for industrial cooperation between the two countries. The two countries were once one nation but split following a bloody civil war, which saw the territory previously referred to as ‘East Pakistan’ seceded to form the independent natio
The Pakistan Stock Exchange (PSX) on Wednesday continued its bullish trajectory, reaching an all-time high as the benchmark KSE-100 index briefly surpassed the 150,000 mark for the first time. Despite the chaos brought on by heavy rains in Karachi, which caused widespread disruptions and a citywide public holiday, the PSX defied the storm and carved a historic milestone. The KSE-100 index close
The State Bank of Pakistan (SBP) has officially launched PRISM+, a new Real-Time Interbank Settlement Mechanism, to modernise the country’s payment infrastructure and promote a digitally inclusive economy. This initiative marks a key milestone in the ongoing development of Pakistan’s financial market infrastructure. The launch event, held at the National Institute of Banking and Finance (NIB
The government is taking steps to bolster the country’s industrial base and has called upon the auto sector to become more competitive, stated Haroon Akhtar, the Special Assistant to the Prime Minister (SAPM) on Industries and Production. Addressing the Auto Parts Summit 2025, organised by the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam), Mr Akhtar outlined a