Following the government's push for the construction sector, Pakistan is to see its third REIT this year as the country's leading IoT company TPL Trakker Limited to list REIT in Pakistan, overseas within three years. Plans to raise $500 million from private investments, from domestic, international sources.

A consortium of Pakistani oil exploration companies led by Pakistan Petroleum gets green signal to explore offshore UAE block and invest $305 million in UAE Oil. This is the first time that Pakistani companies have invested in UAE oil, and this would help unlock additional energy supply to Pakistan.

On the condition of implementation of economic reforms by the government, the credit rating agency Standard & Poor’s Global sees Pakistan progressing on economic fronts. It has estimated that Pakistan’s foreign financing needs are covered for the next twelve months, with bilateral and multilateral inflows.

The federal cabinet of Pakistan under the presidency of Prime Minister Imran Khan has approved the redemption of cash for the points earned by remitters under National Remittance Loyalty Programme from October onwards.

Pakistan's leading oil company Hascol Petroleum Limited has partnered with the National Command & Control Centre (NCOC) and the Oil & Gas Regulatory Authority (OGRA) to set up various drive-thru vaccination centers on M2 to further Pakistan's vaccination drive.

The Korean EXIM Bank is poised to soon sign a new framework arrangement with Pakistan (2022-26) for enhancing the existing level of financing from $500 million to $1 billion for implementing new projects in the road infrastructure, climate change, healthcare, and IT sector development.

In a meeting of the Monetary and Fiscal Policies Coordination Board, the finance minister and the governor State Bank of Pakistan apprised the members of Pakistan's current economic situation, and the government's initiatives to incentivize economic growth.

The Economic Coordination Committee (ECC) of the Cabinet has approved the import of 200,000 tonnes of sugar and 400,000 tonnes of wheat to build the strategic reserves in order to stabilize the price of these commodities in the market. A subcommittee was constituted to work out modalities for placing tenders in the international market in a timely manner.

The International Monetary Fund’s (IMF) largest-ever allocation of $650 billion in Special Drawing Rights (SDR) came into effect on 23rd August and can bring about $2.7 billion of additional funding for Pakistan as well. This will take SBP's and overall country's reserves to a historic high.

A year-old B2B marketplace startup from Pakistan, Bazaar, has raised $30 million in Series A financing co-led by Silicon Valley-based Defy Partner and Singapore-based Wavemaker Partners. It is the biggest series A funding to be received by any startup in Pakistan.

As lockdown lifts and Pakistan's manufacturing industries resume operations, investors express confidence and optimism regarding the country's business environment. Due to this, the OICCI upgraded Pakistan by 59pc in its survey.

The Central Bank of UAE has issued a new guideline to registered hawala providers and licensed financial institutions providing services to registered hawala providers. The registered Hawala Providers are required to establish and maintain an effective AML/CFT compliance program to prevent money-laundering or terrorist financing.