Pakistan cannot regulate cryptocurrencies within its current financial system, as the State Bank tightly manages foreign exchange, but virtual assets may still serve as an alternative to hawala, said former Federal Board of Revenue (FBR) chairman and economist Shabbar Zaidi. Speaking at a session on Adopting Digital Currency and Cryptocurrency in Pakistan: Possibilities and Concerns, organised
Pakistan’s textile and apparel exports presented a mixed picture in the first two months of FY26, with steady growth in the European market offset by stagnation in the United States, modest gains in the United Kingdom, and volatility in smaller destinations such as the UAE and Bangladesh. The Pakistan Textile Council’s latest report, released on Saturday, underscored the industry’s heavy relian
Inflation and changing consumption patterns are reshaping online food and grocery orders in Pakistan, according to foodpanda Pakistan CEO Muntaqa Peracha. “During Covid-19 we expanded rapidly, launching four verticals in 18 months instead of one in two years,” he recalled. “Impulse purchases defined that period — snacks, cigarettes, small-ticket items.” Average order sizes have since increas
The Pakistan Virtual Asset Regulatory Authority (PVARA) has invited Expressions of Interest (EoIs) from leading global exchanges and Virtual Asset Service Providers (VASPs) to participate in the country’s emerging digital economy. Established under the Virtual Assets Ordinance 2025 (Ordinance No. VII of 2025), PVARA is mandated to formalise and regulate virtual assets in line with internation
The Pakistan Stock Exchange (PSX) continued its record-setting streak for a seventh consecutive session on Wednesday, as investor enthusiasm remained strong. The market saw a tussle between bulls and bears during the early hours, with the index fluctuating between a high of 915 points and a low of 484 points. By the close, the bulls took charge, pushing the benchmark KSE-100 index to 157,020.80