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The Pakistan debt market has seen a major boost as the government successfully raised PKR 2.25 trillion through Ijarah Sukuk since December 2023. This milestone was achieved through 18 auctions, with increasing trading volumes in the secondary market as participants adapt to the new system. The initiative is a result of collaboration between key stakeholders, …
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The International Monetary Fund (IMF) will send a three-member team to Pakistan to conduct a Governance and Corruption Diagnostic Assessment. This evaluation, part of Pakistan’s 2024 Extended Fund Facility (EFF) program, aims to identify corruption risks and strengthen governance. The findings will help shape structural reforms, supporting economic stability and transparency. Focus Areas of the …
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The government has decided to launch a corruption-free Ramazan relief package without involving the Utility Stores Corporation (USC) to ensure transparency and quality. Prime Minister Shehbaz Sharif announced this decision during a federal cabinet meeting in Islamabad, emphasizing that the move aims to prevent corruption and eliminate the distribution of low-quality goods. A Shift in …
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The decision underscores Pakistan’s commitment to supporting minority communities, particularly during major religious celebrations. By recognizing the importance of Christmas for Christian citizens, the government is fostering inclusivity and religious harmony. Early payments will help Christian employees cover holiday expenses, allowing them to fully immerse themselves in the joy of the season. Christmas Celebrations Across …
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