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Category: Business

ADB

Pakistan Secures $700 Million ADB Deal to Transform Insurance Sector in Major Financial Reform Move

June 20, 2026
Pakistan and Asian Development Bank sign policy-based financing agreement to strengthen the financial sector and modernize the insurance industry. ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed a major policy-based financing agreement under the Insurance Transformation Program, securing $700 million to support reforms and strengthen the country’s financial sector. According to the Ministry of […]
Pakistan

Pakistan’s Inflation Shock Deepens as Weekly Prices Surge to 15.28%

June 19, 2026
Pakistan’s latest inflation data shows continued pressure on household budgets as food and daily-use items become more expensive. Pakistan’s inflation pressure has intensified as weekly inflation climbed to 15.28 percent, with rising food prices and essential commodities putting additional strain on consumers, according to the Pakistan Bureau of Statistics. The latest weekly report revealed that […]
Oil Prices

Oil Prices May Drop Soon as Pakistan Pushes for Transparent Fuel Pricing Amid Iran-US Ceasefire Progress

June 18, 2026
Pakistan expects global oil market improvements to benefit consumers as the government prepares a new transparent fuel pricing mechanism. Pakistan’s energy outlook is showing signs of change as diplomatic efforts surrounding the Iran-US conflict move toward a possible ceasefire, with Islamabad expecting positive impacts on global fuel markets. Federal Minister for Petroleum Ali Pervez Malik […]
ADB

Pakistan Gets $700 Million Lifeline as ADB Approves Major Insurance Sector Transformation Plan

June 18, 2026
ADB’s major funding initiative aims to strengthen Pakistan’s insurance industry, improve risk protection, and expand financial security for vulnerable communities. Pakistan’s financial landscape is set for a major transformation as the Asian Development Bank (ADB) has approved a $700 million loan aimed at reforming the country’s insurance sector and expanding access to insurance coverage. According […]
IMF

IMF Rejects Pakistan’s Education Tax Relief Bid as School Costs Keep Rising

June 17, 2026
IMF-backed fiscal reforms open doors for auto imports but keep taxes on essential school supplies unchanged. Pakistan’s latest economic discussions have revealed a growing policy divide, with relief measures moving toward the automobile sector while families continue facing taxes on basic education necessities. Officials informed the Senate Standing Committee on Finance that the International Monetary […]
Pakistan

Pakistan Stock Market Explodes to Historic High After Surprise US-Iran Peace Breakthrough

June 16, 2026
Investor confidence soared as optimism surrounding a potential US-Iran peace agreement pushed Pakistan’s benchmark stock index to a record-breaking close. Pakistan’s stock market delivered a historic performance on Monday, with the benchmark KSE-100 Index recording its largest-ever single-day points gain as investors reacted positively to reports of progress in US-Iran peace negotiations. The Pakistan Stock […]
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