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KARACHI: As part of its Vision 2028 initiative, the State Bank of Pakistan (SBP) has announced the launch of the Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+), effective from June 16, 2025. This move aims to enhance the country’s National Digital Payments Infrastructure. PRISM+ is based on the ISO 20022
KARACHI: The Pakistani rupee posted a slight decline against the US dollar on Tuesday, slipping by 0.01% during intraday trading. By the day’s end, the local currency closed at 282.21 against the greenback, marking a depreciation of Re0.04.In the previous session held on Thursday, the rupee had settled at 282.17….
ISLAMABAD: In the federal budget for 2025–26, the government has announced significant tax relief measures for salaried taxpayers, including a reduction in tax rates across all income slabs. The move aims to offer financial relief amid ongoing economic pressures. Tax rates for salaried individuals earning up to Rs3,200,000 have been
KARACHI: Government sector borrowing for budgetary support saw a significant decline of 69 percent — amounting to Rs 2.9 trillion — during the first nine months of the current fiscal year (FY25). As per the Economic Survey of Pakistan released on Monday, government borrowing for budgetary support fell to Rs
