Payoneer and Meezan Bank partnership

Payoneer and Meezan Bank Partner to Enhance International Payments for Pakistani SMBs

Payoneer and Meezan Bank Partner to Enhance International Payments for Pakistani SMBs Payoneer (NASDAQ: PAYO), a leading global financial technology company, has joined forces with Meezan Bank, Pakistan’s top Islamic bank, to facilitate seamless cross-border payments for small and medium-sized businesses (SMBs), entrepreneurs, and freelancers in Pakistan. A Milestone in Digital Payments The signing ceremony…

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Khyber Pakhtunkhwa Bonds: Financial Strategy Unveiled

Khyber Pakhtunkhwa Bonds: Financial Strategy Unveiled

The Khyber Pakhtunkhwa (KP) government has announced a pioneering initiative to boost financial resources by issuing bonds through the stock exchange. This innovative strategy, introduced under the guidance of KP Finance Advisor Muzammil Aslam, aims to reduce reliance on external loans and donor agencies for developmental projects. The decision to issue education bonds highlights the…

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SBP Amendment Bill Deferred in Pakistan

SBP Amendment Bill Deferred in Pakistan

Cabinet Defers SBP Amendment Bill for Review: Concerns Over Dual National Appointments Prime Minister Shehbaz Sharif has instructed the Cabinet Division to consult Minister of State for Finance, Ali Pervaiz Malik, on the SBP Amendment Bill. This decision comes after concerns raised by Malik when he felt excluded from discussions about the proposal to amend…

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Mini Budget

IMF Tells Pakistan to Cut Spending or Raise Taxes with Mini-Budget

The International Monetary Fund (IMF) has advised Pakistan to either introduce a mini-budget or significantly reduce its government spending to help stabilize the economy. This comes as Pakistan faces economic challenges, including rising inflation, high debt levels, and a widening budget deficit. The IMF’s recommendation aims to ensure Pakistan can meet the requirements of its…

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Pakistan Set for Possible Reduction in Petrol and Diesel Prices as Global Oil Market Cools

Petrol and diesel prices in Pakistan could see a decrease of Rs2 to Rs3 per litre starting November 1, 2024, reflecting the recent dip in global oil prices. This potential price adjustment aligns with the fortnightly fuel price revision implemented by the Pakistani government.Recent data indicates a slight drop in the international average prices of…

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