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Almost 50 liquefied natural gas (LNG) carriers connected to Qatar exports are currently stranded across…
Nearly 50 LNG Tankers Sit Idle Across Asia Amid Gulf Conflict Disruptions
Almost 50 liquefied natural gas (LNG) carriers connected to Qatar exports are currently stranded across Asia, underscoring the severe impact of ongoing Middle East tensions on global energy trade. Ship tracking data from Kpler and Bloomberg shows that these vessels remain empty, waiting in strategic maritime locations. The idle tankers are clustered near west India, […]
CCP Proposes Key Reforms to Revive Pakistan’s Solar Energy Market
The Competition Commission of Pakistan has unveiled a comprehensive study aimed at addressing the challenges facing the country’s solar energy sector. Titled “Unlocking Green Potential: A Market Competition Study of Solar Energy in Pakistan,” the report outlines practical steps to improve efficiency, transparency, and long-term sustainability. The study identifies eight key recommendations designed to strengthen […]
Rupee Extends Historic Winning Streak Against US Dollar Amid Broader Currency Pressures
The Pakistani rupee continued its remarkable upward trajectory against the US dollar, marking its 133rd consecutive session of gains on Monday. This sustained performance highlights a period of relative stability in the local currency market, even as pressures persist in other areas of the foreign exchange landscape. At the close of trading, the rupee settled […]
Punjab Sports Minister Warns Naseem Shah After PSL 11 Social Media Controversy
Punjab Sports Minister Malik Faisal Khokhar has sparked controversy after issuing a strong warning to fast bowler Naseem Shah over a viral social media post during PSL 11. The remarks have added a new dimension to an already sensitive situation involving player conduct and public statements. According to reports, Khokhar criticized the pacer’s behavior and […]
Raees Khana Attock Reopens After Restoration, Transformed Into Cultural and Commercial Hub
A historic landmark in Punjab has been brought back to life as the district administration in Attock successfully restores the century-old Raees Khana building. Once a symbol of colonial heritage, the site has now been transformed into a vibrant cultural and commercial center. Originally built in 1908 by the feudal elite of Fatehjang in honor […]
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 […]