Pakistan's Prime Minister Shehbaz Sharif met with VEON Group CEO Kaan Terzioglu to discuss investment opportunities in Pakistan's digital sector, highlighting a successful 5G spectrum auction that generated $507 million across three carriers (Zong, Jazz, Ufone). VEON expressed intent to increase investment in Pakistan as the government pursues broader digitalization initiatives including satellite internet, international cable connectivity, and fiber network expansion. The meeting signals continued foreign investor confidence in Pakistan's telecom and digital infrastructure development.
Dawn (Pakistan)·PK·about 5 hours ago
Pakistan's State Bank launched a new regulatory framework enabling teenagers aged 13-18 to independently own and operate bank accounts and digital wallets, addressing a gap where ~26 million youth previously could only access joint/parent-controlled accounts. The framework aims to build financial literacy and digital economy participation among young citizens. Implementation details and participating banks remain unspecified.
Dawn (Pakistan)·PK·about 5 hours ago
Pakistan's KSE-100 index surged 4.55% to close at 155,511.56 points, driven by investor optimism over potential Middle East de-escalation and declining global oil prices. The rally reflects broader positive sentiment in international equity markets and marks recovery after March's six-year worst monthly performance. Underlying drivers include China-Pakistan ceasefire calls and index-heavy bank stocks supporting gains.
Dawn (Pakistan)·PK · CN · IR·about 5 hours ago
PM Shehbaz Sharif stated Pakistan is effectively managing food and essential goods supply despite global disruptions from regional conflict, contrasting with difficulties faced by other nations. The government is developing medium-term economic strategies to mitigate impacts on exports and domestic costs. The specific regional conflict referenced and concrete evidence of supply chain success are not detailed in this statement.
Dawn (Pakistan)·PK·about 5 hours ago