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Pakistan Gears Up for Digital Currency Pilot

Digital rupee to integrate with PRISM+ amid new crypto oversight law ISLAMABAD, July 10 — Pakistan is moving ahead with a central bank digital currency (CBDC) pilot program as part of efforts to modernize its financial system and keep pace with the global shift toward digital finance. According to well-placed …

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IMF Push Spurs Austerity, Reforms Lag Behind

Fiscal tightening helps balance the books, but deeper economic flaws are left unresolved ISLAMABAD, July 8– In a bid to rein in public spending and bring the economy back on track, Pakistan’s Finance Division has rolled out a new round of austerity measures for the fiscal year 2025-26. The policy, …

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Tarbela Water Scheme Back from Bureaucratic Limbo

New Potohar Water Board proposed as CDA struggles with sector expansion, falling investor confidence, and a staggering supply shortfall ISLAMABAD, July 4: After more than a decade in bureaucratic freeze, the Tarbela Water Scheme—originally proposed in 2008—is being revived by the federal government in an urgent bid to address the …

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Furnace Oil Levies Threaten Industrial Backbone

Cement, textiles, shipping, and power sectors face shutdown risks as furnace oil prices surge over 80% under new fiscal regime ISLAMABAD, July 3 — A sweeping hike in furnace oil prices—driven by newly imposed petroleum and climate support levies effective July 1—has triggered alarm across Pakistan’s industrial and energy sectors. …

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Pakistan Charts New Course to Transform Energy Sector

Energy Ministry sets sights on 60% renewable power and 30% electric vehicles by 2030 under ambitious energy overhaul ISLAMABAD July 2 – Pakistan’s Ministry of Energy has outlined a bold strategy to overhaul the country’s energy landscape, aiming to reduce inefficiencies, attract foreign investment, and transition towards cleaner, smarter energy …

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