-
3 weeks ago | 
brecorder.com | Ikramul Haq |Huzaima Bukhari |Abdul Rauf Shakoori
Legalization of cryptocurrency in Pakistan has evolved into a complex legal and financial dilemma. The Government of Pakistan established Pakistan Crypto Council (PCC) in February 2025 under chairmanship of the Federal Finance Minister, Senator Muhammad Aurangzeb. Appointment of Bilal Saqib as CEO of the PCC and subsequently as Special Assistant to the Prime Minister on blockchain and cryptocurrency has marked a symbolic elevation of digital assets in the national discourse.
-
4 weeks ago | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
Pakistan has shown signs of overall stabilisation, supported by improved fiscal performance, strengthened external account, and receding inflation. Revenue Mobilization and restrained current spending have contributed to a narrower fiscal deficit and a surplus primary balance. The current account registered a higher surplus, driven by remittances and export growth, while reserves have improved, and the exchange rate remains stable, aligned with the market.
-
1 month ago | 
brecorder.com | Ikramul Haq |Huzaima Bukhari |Abdul Rauf Shakoori
The economic journey of Pakistan has recently showed a positive transformation, with macroeconomic indicators reflecting a promising outlook. The fiscal performance for the first nine months of the current fiscal year 2024-25 demonstrates significant progress, as the consolidated primary surplus has grown to Rs 3468 billion (2.8 percent of GDP) compared to Rs 1615 billion (1.5 percent of GDP) in the same period last year.
-
1 month ago | 
brecorder.com | Ikramul Haq |Huzaima Bukhari |Abdul Rauf Shakoori
The strategic direction of United States and Saudi Arabia relations is entering a new phase of profound transformation, driven by mutual economic interests, energy diversification, and geopolitical recalibrations. President Donald Trump’s recent visit to the Kingdom of Saudi Arabia marks a new chapter in bilateral cooperation, signaling an intensified push toward joint investments, technology transfer, and large-scale infrastructure collaboration.
-
1 month ago | 
brecorder.com | Ikramul Haq |Huzaima Bukhari |Abdul Rauf Shakoori
The President of Pakistan issued Tax Laws (Amendment) Ordinance, 2025, published in The Gazette of Pakistan on May 2, 2025, made effective at once.
-
2 months ago | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
Donald Trump’s return to the presidency of the United States of America in 2025 was marked by a series of single-minded economic initiatives and assertive (many say destructive) foreign policies. Upon assuming office, he issued sweeping executive orders aimed at deregulation, imposed unbelievable high tariffs on imported goods, and adopted a foreign policy centered around ‘America First’.
-
2 months ago | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
Pakistan’s economy, long buffeted by structural flaws, cyclical shocks and political instability, is presently showing signs of cautious revival following a period of extraordinary difficulty. The currency has regained marginal strength, the stock market has entered a phase of consistent recovery, and the remittance inflows have broken historical records.
-
2 months ago | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
The investment climate in Pakistan continues to struggle through a complex and often conflicting environment. The recent appointment of Changpeng Zhao (commonly known as CZ), a controversial figure due to ongoing regulatory investigations in multiple jurisdictions, as an advisor to Pakistan Crypto Council, raises alarming questions over Pakistan’s regulatory foresight.
-
Mar 20, 2025 | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
The economic situation in Pakistan remains complex, with fluctuating growth rates, high prices of commodities, and economic disparities shaping the financial framework. The persistent fiscal deficit, compounded by heavy reliance on internal and external debts, has placed immense pressure on the economy. A weakened rupee and the rising cost of imports have further strained the country’s economic stability.
-
Mar 6, 2025 | 
brecorder.com | Huzaima Bukhari |Ikramul Haq |Abdul Rauf Shakoori
The global financial ecosystem is undergoing metamorphosis, with digital payment systems emerging as the cornerstone of economic efficiency, transparency, and growth. Yet, in many developing economies, cash remains the dominant medium of exchange, perpetuating a cycle of inefficiency, tax evasion, and unregulated financial activities.
