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In a groundbreaking move for Islamic finance in Pakistan, the Securities and Exchange Commission of…
SECP Approves Pakistan’s First Riba-Free Credit Risk-Sharing Product
In a groundbreaking move for Islamic finance in Pakistan, the Securities and Exchange Commission of Pakistan has approved the country’s first Shariah-compliant credit risk-sharing product. The initiative aims to increase financing access for underserved sectors, including micro, small, and medium enterprises (MSMEs) as well as the agriculture industry. The innovative product has been developed by […]
Sindh to Launch Air Safari Linking Karachi with Mohenjo-Daro
The Sindh government has announced an ambitious plan to introduce an air safari service connecting Karachi with the historic site of Mohenjo-Daro. The initiative is aimed at boosting cultural tourism while showcasing the province’s rich and ancient heritage to both domestic and international visitors. Officials stated that the project is part of a broader tourism […]
Should Pakistan Shift from Dollar to Gold? Rising Global Tensions Spark Economic Debate
Pakistan’s financial policymakers are facing renewed pressure to rethink the country’s foreign reserve strategy as geopolitical tensions intensify across the Middle East. With fears growing over a prolonged conflict in the Gulf region, experts are warning that reliance on the US dollar could expose vulnerable economies like Pakistan to significant financial risks. Recent discussions among […]
United Motorcycle Increases Prices in Pakistan Amid Rising Costs
United Auto Industries (Pvt.) Ltd. has announced a fresh increase in motorcycle prices across Pakistan, citing rising production expenses and higher raw material costs. The decision reflects ongoing inflationary pressures that continue to impact the country’s automotive sector. In an official notification issued on April 3, the company stated that it had previously tried to […]
Sri Lanka Faces Renewed Economic Pressure Amid Energy Crisis and Cyclone Fallout
Sri Lanka is once again navigating a fragile economic situation as global energy disruptions and the aftermath of a devastating cyclone strain its recovery efforts. The country, still recovering from its 2022 financial collapse, is now facing renewed pressure that is testing both public resilience and government policy. President Anura Kumara Dissanayake has introduced a […]
Punjab to Provide Electric Bikes to Excise Department Employees to Boost Performance
The Punjab government has unveiled a plan to provide electric bikes to Excise Department employees as part of a strategy to enhance field efficiency and help the department achieve its Rs. 73 billion recovery target. The initiative is aimed at supporting staff mobility while promoting eco-friendly transport solutions. Under the scheme, excise inspectors across Punjab, […]
David Warner Hits Back at Ajay Jadeja Over ‘Fake Propaganda’ After PSL 11 Viral Incident
Karachi Kings captain David Warner has strongly responded to former Indian cricketer Ajay Jadeja after the latter allegedly spread misleading claims regarding a viral Pakistan Super League (PSL 11) moment involving Moeen Ali. The incident occurred following Karachi Kings’ five-wicket victory at Gaddafi Stadium in Lahore, where a post-match handshake clip quickly gained traction on […]
Govt Raises Kerosene Oil Price by Over Rs. 34 per Litre Amid Fuel Cost Pressures
Pakistan’s fuel consumers are set to face another financial burden as the government has approved a significant hike in kerosene oil prices. The latest notification issued by the Oil and Gas Regulatory Authority (OGRA) confirms an increase of Rs. 34.08 per litre, reflecting ongoing adjustments in domestic energy pricing. With the revised rates now in […]
Fuel Prices Surge in Pakistan as Petrol Hits Rs 458.40 and Diesel Crosses Rs 520
In a major development impacting millions of citizens, the government has announced a sharp increase in fuel prices across Pakistan. The latest revision has pushed petrol and diesel rates to unprecedented levels, intensifying concerns over rising inflation and economic pressure on households. According to the official notification, petrol prices have been increased by Rs 137 […]
Pakistan Sports Board Launches Major Reform Agenda to Boost Athletic Performance
The Pakistan Sports Board has announced a comprehensive reform plan aimed at strengthening the country’s athletic performance and improving results on national and international stages. The initiative focuses on long-term development, Olympic cycles, and performance-driven strategies. A cornerstone of the reform is the introduction of the Long-Term Athlete Development Programme (LTADP). This program is designed […]
LESCO Introduces New Helpline to Improve Electricity Complaint Resolution
In a move to enhance customer service and streamline complaint handling, the Lahore Electric Supply Company has launched a new helpline dedicated to electricity consumers. The initiative aims to ensure faster complaint registration and more efficient resolution of power-related issues. The service was introduced by Sardar Awais Ahmed Khan Leghari as part of broader efforts […]
German Consulate Karachi to Remain Closed for Two Days on Easter
The German Consulate General in Karachi has officially announced a temporary suspension of its services in observance of Easter. According to the notice, the consulate will remain closed on April 3 and April 6, allowing staff to observe the holiday period. The closure falls on a Friday and the following Monday, effectively creating a long […]
Pakistan’s Affordable Housing Scheme Faces Delays Amid Funding Challenges
The government’s flagship housing initiative, Apni Chhat Apna Ghar Scheme, is facing significant delays due to funding shortfalls. The project, designed to provide affordable homes to low- and middle-income families, has been unable to secure a Rs. 25 billion loan essential for its ongoing progress. Official documents indicate that a $90 million funding tranche from […]
Pakistan Forms Committee to Strengthen SECP and Resolve 2,000 Pending Cases
The Government of Pakistan has taken a decisive step to reform the country’s corporate regulatory framework by forming a high-level committee aimed at empowering the Securities and Exchange Commission of Pakistan. The initiative is designed to enhance SECP’s authority and expedite the resolution of over 2,000 pending corporate cases. The committee convened its first meeting […]
IFC Pledges $2.7 Billion to Boost Pakistan’s Economic Growth and Private Sector
Pakistan’s economic outlook has received a significant boost as the International Finance Corporation (IFC) commits approximately $2.7 billion for the current fiscal year. The investment signals growing international confidence in the country’s potential, particularly in strengthening private sector activity, expanding infrastructure, and generating employment opportunities. The announcement came during a high-level meeting between Federal Minister […]
BYD Pakistan Announces Limited-Time Offer in Pakistan with Free 7kW Home Charger
BYD has rolled out a limited-time promotional offer in Pakistan, aiming to attract buyers who are considering switching to electric vehicles. The move comes as the local market shows growing interest in sustainable mobility and cost-efficient transport options. Under this offer, customers who purchase any BYD vehicle will receive a complimentary 7kW home charger. While […]
JazzWorld and VEON Leadership Engage Pakistani Government on Digital Transformation and Inclusion
JazzWorld CEO Aamir Ibrahim, accompanied by Kaan Terzioglu and senior leadership, held a series of strategic meetings with key government officials to discuss Pakistan’s digital future, public-private collaboration, and pathways to accelerate investment, financial inclusion, and economic resilience. Discussions with Ahsan Iqbal focused on leveraging digital technologies to drive sustainable economic growth and align with […]
Pakistan Remain Winless After Narrow Defeat to Myanmar in AFC Asian Cup Qualifiers
The Pakistan national football team continued their struggles in the AFC Asian Cup qualifiers, suffering a 1-2 defeat against the Myanmar national football team and extending their winless run in the competition. Pakistan delivered a disciplined performance in the first half, successfully holding Myanmar to a goalless draw. The defensive effort offered hope for a […]
Rain Threat Looms Over Islamabad United vs Peshawar Zalmi PSL 11 Showdown
Heavy rainfall in Lahore has cast uncertainty over one of the most anticipated fixtures of the Pakistan Super League Season 11, as Islamabad United prepare to face Peshawar Zalmi. With fans eagerly awaiting the high-stakes clash, adverse weather conditions now threaten to disrupt the game’s schedule. Persistent showers throughout the day have left the ground […]
Kuwait Commits Special Diesel and Jet Fuel Supply Support to Pakistan
Kuwait has pledged to facilitate the delivery of diesel and jet fuel to Pakistani-flagged vessels, following high-level discussions in Islamabad. The assurance came during a meeting between Ali Pervaiz Malik and Nasser Abdulrahman Jassim Al-Mutairi, focusing on strengthening bilateral energy cooperation. According to an official statement, Kuwait Petroleum Corporation confirmed its commitment to extend full […]