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Friday, July 4, 2025

Women-led Oraan raises $3M to increase financial accessibility for women

Oraan is Pakistan's first women-led fintech startup to have raised $3 million in funding. The Startup is aiming to increase financial accessibility for women in Pakistan and hopes to become a full-fledged neobank and very heavily based on the community.

Paris Club extends Pakistan’s debt payment deadline till December

Looking at Pakistan's commitment to managing the Covid pandemic, the Paris Club of creditor countries decides to extend Pakistan's deadline for debt payment. The country has until December to make the payment, the club said in a statement, without releasing a figure.

SBP’s decides to moderate demand growth in economy

State Bank of Pakistan has revised Prudential Regulations (PRs) to moderate demand growth in consumer financing for automobiles, personal loans and credit cards in the country. Analysts were quick to point out the fallacies of such regulation for the economy.

Joint working group of IT formed under CPEC: Umar

Minister for Planning and Development Asad Umar on Thursday did a press conference on the recent updates regarding the CPEC following the 10th session of the JCC. Minister highlighted the new MoUs signed between countries.

Government revenues growing by an unprecedented 45%: Shaukat Tarin

In a press conference on Wednesday, the finance minister informed the nation regarding the economic performance of the PTI government, and the steps being taken to control inflation in the country. He maintained that Pakistan’s economy was performing well and is on its way to recovery.

Pakistan’s TAG raises $12M in South Asia’s biggest ever seed

Pakistani fintech startup TAG valued at $100 million has raised $12 million in seed financing. The company in the long run aims to be a one-stop-shop for every financial solution that an individual or an organization might need.

SECP introduces new framework for SPACs

Securities and Exchange Commission of Pakistan has allowed the use of Special Purpose Acquisition Companies for raising funds in Pakistan. SPACs are used for the purpose of acquisitions or mergers with private companies and then taking them public.

Pakistan’s GDP growth projected at 4.2pc: Fitch

Fitch Solutions has predicted Pakistan's GDP to grow by 4.2% in fiscal year 2022 in its latest report, up from 3.9 percent in the FY21. The credit rating agency noted the increase in vaccination rates in the country, while forecasting the burden of imports on growth.

SBP decides to raise the key interest rate

The State Bank of Pakistan's Monetary Policy Committee has decided to increase the policy rate of the country for the next two months by 25 points basis to 7.25 per cent. This according to the statement is in line with the positive economic recovery.

Edtech startup Maqsad raises $2.1m to make education accessible

Pakistani edtech startup 'Maqsad' gets $2.1 million in pre-seed money to help achieve its aim of increasing educational accessibility to the students of Pakistan. It is a one-stop-shop for after-school academic content in the country.

SBP launches its ‘Banking on Equality’ Policy

State Bank of Pakistan (SBP) on Friday has launched a gender mainstreaming policy titled “Banking on Equality”, which aims to reduce the gender gap in financial inclusion and improve women’s access to financial services in the country.

Pakistan’s current account deficit balloons to $1.48bn in August

Pakistan's current account deficit has increased 80pc month-on-month to reach $1.48 billion for the month of August. This was expected as the import bill for the month of August reached the highest ever number of $6.31 billion.