News

Roshan Digital Account inflows rise by $205m to $113b

Pakistan received gross inflows of $205 million under the Roshan Digital Account (RDA) scheme in October 2025, taking the cumulative funds received since its launch in September 2020 to a robust $11.313 billion, according to latest statistics from the State Bank of Pakistan (SBP). The investment of $205 million in October marked an improvement compared to the six-month average of $189 million a

Six Pakistani firms to showcase at FinTech

The Pakistan Pavilion was officially inaugurated at the Singapore FinTech Festival (SFF) 2025 on Wednesday by Deputy High Commissioner and Charge d'Affaires Salman Mehmood, according to an official statement. Speaking at the ceremony, Mehmood commended the participation of Pakistani fintech companies and encouraged them to capitalise on the global platform to form international partnerships, at

Pakistan, China cross-border investment fund

Pakistan Stock Exchange (PSX) CEO Farrukh H Sabzwari highlighted the Pakistan-China cross-border Exchange-Traded Fund (ETF) initiative as one of the most promising developments in the country's capital market. "These agreements will enable us to take the next step toward the joint launch of cross-border ETFs," he said, noting that groundwork for the collaboration had already been laid. Speak

Second US crude oil cargo arrives

The second US crude cargo has landed in Pakistan, opening a new area of cooperation between Pakistan and the United States (US). Pakistan has traditionally imported oil from the Middle East, with Saudi Arabia being the largest crude oil exporter to the country. The arrival of the second US crude oil cargo at Cnergyico's Single Point Mooring (SPM) marks another milestone in Pakistan's energy and

Pakistan paid $2.7b in interest to IMF alone. Can it ever break free?

Pakistan's growing foreign debt burden continues to weigh heavily on the national economy, with the country paying billions of dollars annually in interest to international lenders, mainly the International Monetary Fund (IMF). According to the Pakistan Industrial and Traders Association Front (PIAF), Pakistan has paid the equivalent of $2.69 billion in interest under various IMF programmes, in