Pakistan’s current account posted a deficit of $98 million in August 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. The latest figure follows a deficit of $445 million recorded in July 2026 and a deficit of $324 million in August 2025. The deficit came from a significantly higher import bill and a marginal increase in exports during the month. In August 2026,
Mastercard and the Bank of Khyber (BoK) have entered into a strategic alliance to expand the bank’s digital payments portfolio, giving customers greater access to secure, convenient and modern payment solutions. The collaboration will support the digitization of personal, commercial and government transactions, contributing to Pakistan’s broader transition towards a more inclusive, cashless eco
The Lahore Chamber of Commerce & Industry (LCCI) organized a seminar on “Export Documentation and FBR Regulatory Requirements” to create awareness among the business community about regulatory procedures, documentation, compliance requirements and the need for a facilitation-oriented approach by government institutions. LCCI President Faheem-ur-Rehman Saigol chaired the seminar which was also a
Pakistan’s fiscal consolidation is delivering results through a primary surplus, deficit compression and stronger revenue mobilisation, Finance Minister Muhammad Aurangzeb said, as the government sought to attract international investment at a roundtable with leading investors and global financial firms. The remarks came during a “Pakistan Investment Roundtable” hosted by the Pakistan High Comm
Gold prices rose more than 1% on Thursday as investors digested the US Federal Reserve’s interest rate hike and its signal that further policy tightening may follow, while an earlier rally in oil prices lost momentum. Spot gold was up 1.1% at $4,310.49 per ounce, as of 0149 GMT, after hitting a near six-week low on Wednesday. US gold futures for December delivery were down roughly 1% at $