Category: Exclusive

EU extends GSP+ status to Pakistan for four more years

Key points: The European Union has extended its Generalized System of Preferences (GSP+) status to Pakistan for four more years, until 2027. The decision was announced by European Union Ambassador to Pakistan Riina Kionka during a visit to the Karachi Chamber of Commerce and Industry (KCCI). “This is a great…

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Pakistan Welcomes PayPal (Partially): US Giant Partners with Local Provider

Pakistan’s freelancers are disappointed after learning that PayPal will not offer its services directly in the country. Instead, the company will partner with a local third-party payment processor, Payoneer or some other FinTech company already operating in Pakistan. The news comes after years of government efforts to bring PayPal to…

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Rupee Rises 11th Day in a Row Versus US Dollar

The Pakistani rupee continued its remarkable rally on Wednesday, appreciating for the 11th consecutive day against the US dollar. Opening trade saw the rupee bullish, reaching a high of 279 after gaining nearly Rs. 4 during intraday sessions. Since January 2023, the rupee has weakened by nearly Rs. 63 against…

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