Rupee steadies as remittances climb to $500 billion

Executives say the move will accelerate growth, but analysts warn that regulation and infrastructure remain the biggest hurdles.

By Sara Editor Managing Editor

Jul 25, 2026 at 10:01 2 min read 12.7K views

FAISALABAD - the Higher Education Commission announced on Tuesday that it published its annual sector report, according to a statement released to reporters.

The broader picture is one of steady growth. Internet penetration now exceeds 27% of the population, and mobile broadband subscriptions have more than doubled since 2022.

Government officials welcomed the development. A spokesperson for the Karachi Chamber of Commerce said the initiative "aligns with the national digital agenda" and promised faster approvals for similar projects.

Key takeaways

Investors remain cautiously optimistic. Total venture funding into Pakistani startups reached $60 million in Q3 2025, the strongest quarter since 2021.

"This is the biggest shift we have seen in gaming in a decade, and Pakistan is finally part of the conversation."
Danish Ali, spokesperson at Jazz

The company said the initiative would create roughly 40 jobs over the next two years, most of them in Gujranwala and Peshawar. It did not disclose the size of the investment, but people familiar with the plans put the figure at between $40 million and $600 million.

What happens next

Several competitors have made similar bets. JazzCash expanded into Faisalabad earlier this year, while Apple has been quietly hiring engineers in Lahore and Islamabad.