The World Bank has approved a $70 million loan to support Punjab’s Connected Punjab Program, a large-scale initiative aimed at expanding broadband internet access, improving digital public services, and promoting cashless payment systems across the province. The project is part of a broader $278 million financing package designed to accelerate digital transformation in Punjab. Under…
Pakistan’s freelance economy is approaching a major milestone, with earnings expected to cross the $1 billion mark in foreign exchange inflows this fiscal year, reflecting the rapid growth of the country’s digital workforce. According to data from the State Bank of Pakistan (SBP), export receipts from computer and information services reached $959 million during the…
Pakistan has called for climate resilience to be embedded into global financial frameworks, with Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb stressing that traditional systems must evolve to meet the realities of climate change. Speaking at the Global Development Finance Conference, Momentum 2025, in Riyadh, the minister emphasized that vulnerable economies no longer…
Pakistan’s large-scale manufacturing (LSM) sector registered a 4.44% growth during the first two months of the fiscal year 2025–26, according to the latest data released by the Pakistan Bureau of Statistics (PBS). The increase reflects modest progress in industrial activity despite challenges such as fluctuating input costs and uneven global demand. The report highlighted that…