The State Bank of Pakistan (SBP) has released its Quarterly Report on Payment Systems, highlighting growth in digital transactions and continued expansion of the country’s payment ecosystem during the first quarter of fiscal year 2025-26. According to an official statement issued on Tuesday, total payment volumes increased to 2.8 billion transactions in the quarter, reflecting […]
Gold prices in Pakistan declined sharply on Tuesday, tracking losses in the international bullion market amid profit-taking following a strong year-end rally. In the local market, the price of gold per tola dropped by Rs10,700 to settle at Rs459,462, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price […]
The government on Tuesday approved a 3.7% economic growth rate for the first quarter of the current fiscal year on the back of growth across all major sectors of the economy, beating its own official reports of severe damage to agriculture caused by the “devastating floods”. The National Accounts Committee (NAC), the government body mandated […]
The Public Accounts Committee (PAC) on Tuesday flagged massive financial irregularities involving the National Highway Authority (NHA), revealing that Rs26.4 billion in toll tax dues remain unpaid while another Rs16 billion could not be recovered from overloaded trucks, causing significant losses to the national exchequer. The PAC meeting, chaired by Moeen Amir Pirzada, reviewed audit […]
A miscellaneous petition has been filed in Lahore High Court (LHC) by Advocate Azhar Siddique, challenging the notification that allows kite-flying activities on February 6, 7 and 8. The petitioner contended that the notification poses a serious threat to public safety. It was pointed out that a young girl and a youth were recently critically […]