Aftab Maken ISLAMABAD In a significant policy shift aimed at monetising surplus electricity and drawing foreign investment, the federal government has earmarked 2,000 megawatts (MW) of power in the first phase of a national plan to support Bitcoin mining and Artificial Intelligence (AI) data centres. The initiative, led by the …
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Pakistan and the International Monetary Fund (IMF) have not yet reached a complete consensus on the budget targets for the upcoming fiscal year. However, the IMF has announced that negotiations on the new fiscal year’s budget will continue. An IMF mission, led by Mr. Nathan Porter, concluded its staff visit …
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Due to high tax rates, many businesses are reportedly shifting from Pakistan to Dubai — a concern that the Federal Board of Revenue (FBR) has confirmed. This was revealed during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla. Members of the committee pointed out …
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The Ministry of Finance has announced the initiation of a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. As part of this strategy, the government has endorsed the establishment of a dedicated body — the Pakistan Digital Assets Authority (PDAA) — tasked with …
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Pakistan’s economic outlook is showing signs of stability and improvement as the International Monetary Fund (IMF) praised the country’s recent policy efforts under a major loan program. The IMF noted that financial and external conditions have strengthened, supported by a current account surplus in the first eight months of the …
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Pakistan’s real estate sector is bracing for a major shift as the federal government considers a sharp increase in the Capital Gains Tax (CGT) on property sales. Sources say the government is weighing a proposal to raise the current 15% CGT rate to as high as 40% in the upcoming …
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The country’s trade deficit during the period from July 2024 to April 2025 increased by 8.81%, surpassing the $21.35 billion mark, says an official data released by PBS here on Friday. The data further revealed that the trade deficit also surged in April, by 55.20% on a monthly basis to …
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There is likely rise in inflation again in the country ahead of the upcoming budget and Eid-ul-Adha. In its Monthly Economic Update and Outlook, the Ministry of Finance has released estimates related to inflation, projecting that inflation in May could potentially increase to between 3% and 4%. For the current …
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In a pivotal step toward strengthening regional cooperation in the digital economy, the Foreign Minister of Malaysia Mohamad Bin Haji Hasan met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to explore collaborative opportunities in blockchain technology, digital assets, and Shariah-compliant finance. The meeting focused on laying …
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Governor of the State Bank of Pakistan, Jameel Ahmad Khan, stated that the disbursement of the next tranche of the IMF loan may face delays due to the ongoing two-week Spring Meetings of the International Monetary Fund (IMF) in Washington. Addressing an event held in connection with Pakistan Financial Literacy …
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