Railway Staff Win Allowance Grade Upgrade
Pakistan Railways employees secure a major victory with approval of grade upgrades and special allowances, ending a long-standing demand for better compensation.
Category : Banking Sector
FIA Arrests Hawala Operator, Recovers Rs 285 Million
The Federal Investigation Agency (FIA) has arrested a hawala operator and recovered Rs 285 million in a major crackdown against illegal currency exchange.
KE CEO Assures Site Industrialists on Power Supply
K-Electric CEO assures industrialists at Site area of resolving power supply issues, with plans for infrastructure upgrades and enhanced reliability.
Market Committee Employee Held for Bribery
A market committee employee in Punjab was arrested for taking a bribe of Rs 20,000. The Anti-Corruption Establishment conducted the raid based on a complaint.
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Court Orders KE to Pay Rs13.5m Compensation in Electrocution
Sindh High Court orders K-Electric to pay Rs13.5 million compensation to family of electrocution victim, citing negligence.
Pakistan's First Panda Bond to Boost Growth, China Ties
Pakistan launched its inaugural Panda Bond worth 1.75 billion yuan, becoming the first South Asian nation to tap China's onshore bond market, aiming to support inclusive growth and deepen financial cooperation.
Saudi Minister Discusses Industrial Partnership with Pakistan
Saudi Arabia's industry minister held a virtual meeting with Pakistani ministers to strengthen industrial cooperation and expand investment partnerships in key sectors like fertilizers.
Pakistan Central Bank Expects Record Remittances Above $41B
Pakistan's central bank expects remittances to cross $41 billion in FY26, despite export slowdown, with economic growth projected up to 4.75%.
Syria Appoints Safwat Raslan as Central Bank Governor
Syria appoints Safwat Raslan as central bank governor, replacing Abdelkader Husriyeh who becomes ambassador to Canada. Raslan, a former banker who fled to Germany, returns to lead monetary policy amid reconstruction efforts.
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Jollibee in Saudi Arabia: A Filipino Fast-Food Favorite
Jollibee, the Filipino fast-food chain, has been serving juicy chicken and sweet spaghetti in Saudi Arabia since 2008. Despite competition, it remains popular with branches across the kingdom.
SBP gets $1.3bn from IMF under EFF and RSF programs
State Bank of Pakistan receives about $1.3 billion from IMF after completion of third review under Extended Fund Facility and second tranche under Resilience and Sustainability Facility.
Iran War Cost Americans $37.3B in Fuel Price Hikes
A study reveals the Iran war cost US citizens $37.3 billion in increased fuel prices, highlighting economic impacts of military conflict.
LHC Clarifies Special Courts Jurisdiction for Overseas Pakistanis
Lahore High Court ruling interprets Punjab Special Courts Act broadly, ensuring overseas Pakistanis can access courts for all property disputes, not just ownership cases.
Pakistan Power Consumers Likely to Get Rs1.75 Per Unit Relief
Pakistan's electricity consumers may get a relief of Rs1.75 per unit as Discos seek NEPRA's nod to refund Rs64 billion from quarterly tariff adjustment.
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3 Drug Suppliers Arrested, 25 Kg Drugs Recovered
Police in Karachi arrested three drug suppliers and recovered 25 kg of drugs during a raid, dealing a blow to the local narcotics network.
Finance Minister Urges Banks to Boost Cybersecurity
Finance Minister Aurangzeb chairs meeting with banks, emphasizes coordinated efforts to strengthen cyber defenses amid rising AI-driven threats to Pakistan's financial sector.
Hotel One Opens New Property in Gujranwala
Hotel One has launched its new property in Gujranwala, featuring 24 rooms and modern amenities, reinforcing its commitment to affordable hospitality across Pakistan.
Saudi Economy Grows 2.8% in Q1, Non-Oil Sector Leads
Saudi Arabia's real GDP expanded 2.8% in Q1 2026, led by non-oil activities. IMF forecasts 3.1% growth for 2026 as diversification progresses.
Attaullah Tarar Supports IBA Graduate Azhar Memon
Federal Minister Attaullah Tarar met MBA graduate Azhar Memon, who went viral over financial struggles, and assured him of employment assistance.
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Six Injured in Swiss Air Evacuation at Delhi Airport
Six passengers were injured and hospitalized after a Swiss Air flight aborted takeoff due to an engine fire, leading to an emergency evacuation at Delhi's Indira Gandhi International Airport.
Saudi Awwal Bank Posts SR2.1bn Q1 Net Profit
Saudi Awwal Bank (SAB) announces SR2.1 billion net profit for Q1 2026, down 2% YoY, with stable operating income of SR3.6 billion. Retail and corporate banking show growth.
Saudi Banks Post Record Q1 Profits of $6.4 Billion
Saudi Arabia's listed banks posted a record $6.4 billion in Q1 2026 profits, up 7.6% year-on-year, driven by Vision 2030 projects and strong lending growth.
Pakistan Central Bank Hikes Key Rate to 11.5%
Pakistan's central bank raised the key policy rate by 100 basis points to 11.5%, the first hike in nearly three years, amid rising oil prices and inflation.
Pakistan Advisory on Oman Working Hours for Workers
Pakistan issues advisory for overseas workers in Oman regarding working hours and labor rights, emphasizing compliance with Omani laws.
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ASA Microfinance Bank and Turaco Launch Embedded Insurance Partnership
ASA Microfinance Bank and Turaco have formed a strategic partnership to integrate affordable insurance directly into microfinance loans, aiming to protect millions of underserved customers across Pakistan from unforeseen financial risks.
SBP Gets $1bn Second Tranche from Saudi Finance Ministry
The State Bank of Pakistan has received a $1 billion deposit from Saudi Arabia's Ministry of Finance, marking the second installment of a $3 billion financial agreement between the two nations.
Pakistan Repays $2 Billion to UAE in Debt Obligations
Pakistan's central bank confirmed a $2 billion repayment to the UAE as part of maturing deposits, with $3.5 billion total due by April end, amid ongoing IMF program and external financing pressures.
Saudi Arabia Urges Stronger Global Fight Against Illicit Finance
Saudi Central Bank Governor Ayman Al-Sayari emphasized the Kingdom's support for stronger international cooperation to combat money laundering and terrorist financing during the FATF ministerial meeting in Washington.
World Bank Supports Syria's Reserve and Gold Management
The World Bank has agreed to provide technical assistance to Syria's central bank to rebuild foreign currency and gold reserves, aiming to boost liquidity and support economic recovery after years of conflict.
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Pakistan, ADB Sign Deal to Boost Business Insurance Access
The Government of Pakistan and the Asian Development Bank have signed a significant agreement to expand access to insurance solutions for businesses, particularly MSMEs, aiming to enhance financial inclusion and economic resilience.
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