A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — ReutersDUBAI: The United Arab Emirates emerged as the largest source of remittances to Pakistan in February, with overseas Pakistanis sending about $696 million, overtaking…
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SOEs witness 300% surge in FY25 net losses; 25 post Rs832bn in aggregate losses
A man counts rupee notes at a currency exchange shop in Peshawar on September 12, 2023. — Reuters Net losses climb to Rs123bn in FY25 compared to Rs30.6bn in FY24.NHA incurs highest loss of Rs294.9bn followed by Qesco’s Rs112bn.Pakistan Railways report loss of…
IMF stresses reforms for bolstering anti-money laundering legislation
Image shows the seal for the International Monetary Fund in Washington, DC on January 26, 2022.— AFPIMF to publish GCD Assessment to identify structural reforms.Lender to analyse governance and corruption vulnerabilities.Govt intends to raise formal objections to the IMF’s draft…
Flood-hit electricity consumers ‘get August bill waiver’
Aerial view shows partially submerged residential buildings following the overflowing of the Ravi River in Lahore on August 30, 2025. — AFPNon-domestic electricity bills deferred for four months.Consumers who paid to get adjustments next cycle.PM approves relief covering power users…