Prime Minister Shehbaz Sharif on Wednesday formed a high-level committee to promote cashless economy and speed up the process of digitisation. The committee, chaired by the prime minister himself, will review the progress and initiatives related to the promotion of digitisation and cashless economy on a weekly basis. Chairing a meeting in this regard, the prime minister directed the author
The government borrowed over Rs915 billion from banks on Wednesday, but the unscheduled treasury bill auction triggered speculation about the sudden need for this amount. The State Bank reported that bids for the short-term T-bills for 22 days totalled Rs1,900 billion, while the government raised Rs915.6bn. This reflects both the government’s immediate needs and the surplus liquidity in banks.
Fatima Fertilizer has once again won two prestigious awards at the Pakistan Digital Awards 2025, marking its sixth consecutive year of recognition at this national platform. The company has been honoured with two awards: Green Digital Advertising Campaign Award for ‘Leading Sustainable Change for Pakistan’ – Sarsabz UNDP Campaign and Best Content of the Year for the soulful Ramadan Campaign: ‘A
Making a return to the international capital market after over two years, Pakistan announced on Wednesday that it had signed an Asian Development Bank-backed agreement for $1 billion Syndicated Term Finance Facility (STFC) with commercial banks, primarily based in the Middle East. The $1bn facility is partially backed by a policy-based guarantee of the ADB’s “Improved Resource Mobilisation and
The prolonged combination of low economic growth and high inflation over the past few years in Pakistan appears to have taken a serious financial toll on large sections of the population, leading to increasing borrowing needs, according to the latest survey. “In the last five years, increased living costs are the leading reason for borrowing in 2024, reported by 12pc of Pakistani adults”, said