Trending News
FIFA Eases World Cup 2026 Water Bottle Rules After Backlash
Government Increases Petrol Levy by Nearly Rs. 25 Per Litre Despite Fresh Fuel Price Reduction
Pakistan Braces for Intense Heatwave as Temperatures May Reach 51°C
World Environment Day 2026: Why Climate Change Must Be More Than Just Statistics
Mpox Case Confirmed in Bahawal Victoria Hospital Nurse, Health Officials Increase Monitoring

Business

BusinessEconomyNews
bywebdesk

Government Increases Petrol Levy by Nearly Rs. 25 Per Litre Despite Fresh Fuel Price Reduction

BusinessLifestyleNewsTrending
bywebdesk

Hotel Fire in New Delhi Claims 21 Lives, Including 18 Foreign Nationals

BusinessEconomyMarketingNews
bywebdesk

SECP Eases IPO Rules to Enable More Established Businesses to List on PSX

BusinessDigitalEconomyNewsTechnologyTips & Tricks
bywebdesk

Pakistan’s Rs. 283 Billion National AI Program Receives Just Rs. 1 Billion in Proposed FY2026-27 Budget

Karachi Kings Edge Lahore Qalandars in Thrilling PSL 11 Clash with Last-Over Heroics

Karachi Kings pulled off a nerve-wracking four-wicket victory over defending champions Lahore Qalandars in a low-scoring but high-intensity encounter during the Pakistan Super League 2026 season at Gaddafi Stadium.

Chasing a modest target of 129, Karachi Kings found themselves under pressure for most of the innings. The pitch offered assistance to bowlers, making stroke play difficult and forcing batters to rely on partnerships rather than aggressive hitting.

Despite the manageable target, Karachi struggled to build momentum. Muhammad Waseem was the only batter to cross the 20-run mark, while the rest of the lineup contributed in small but crucial phases. These incremental partnerships proved vital in keeping the chase alive as wickets fell at regular intervals.

The turning point came in the final over, where Karachi required just nine runs after a penalty was imposed on Lahore for a ball-tampering offense. With the game hanging in the balance, Abbas Afridi delivered under pressure, smashing a boundary followed by a six to seal the victory with two balls remaining.

Earlier, Lahore Qalandars had posted a total of 128/9 after being put in to bat. Karachi’s bowling unit displayed discipline and control throughout the innings. Adam Zampa stood out with an economical spell, while Mir Hamza and Moeen Ali contributed with key breakthroughs.

For Lahore, Abdullah Shafique top-scored with a steady 33, supported briefly by Haseebullah Khan and Sikandar Raza, who attempted to stabilize the innings during the middle overs.

Lahore’s bowling attack, led by captain Shaheen Shah Afridi, kept the contest competitive until the very end. Shaheen’s impressive four-wicket haul, including key dismissals of David Warner, Salman Ali Agha, and Moeen Ali, ensured Karachi never had an easy path to victory.

A tense moment arrived late in the chase when Khushdil Shah was dismissed near the boundary, briefly shifting momentum back toward Lahore. However, Abbas Afridi’s composure in the closing moments proved decisive.

This victory not only gives Karachi Kings valuable points in PSL 11 but also strengthens their head-to-head record against Lahore Qalandars. Matches between these two sides have consistently delivered drama, and this contest was no exception.

The result highlights Karachi’s ability to handle pressure situations, while Lahore will look to regroup after narrowly missing out in a tightly contested game. As the tournament progresses, both teams are expected to remain strong contenders, making this rivalry one to watch.

Quetta Gladiators Secure First PSL 11 Victory with Dominant Win Over Hyderabad Kingsmen

The Quetta Gladiators registered their first win of the Pakistan Super League 2026 season with an impressive 40-run victory over Hyderabad Kingsmen at Gaddafi Stadium. The result marked a strong comeback performance, showcasing balance in both batting and bowling departments.

Defending a total of 174, Quetta’s bowlers delivered a disciplined and controlled display, restricting Hyderabad to 134/8 in their allotted 20 overs. From the outset, the chase never gained momentum as early breakthroughs disrupted the batting side’s plans.

Hyderabad’s innings began on a shaky note, losing key wickets inside the powerplay. The pressure mounted quickly as Alzarri Joseph and Abrar Ahmed struck at crucial moments, putting Quetta firmly in control of the match.

Despite a few attempts to rebuild through short partnerships, Hyderabad struggled to sustain any meaningful momentum. Marnus Labuschagne and other batters managed brief contributions, while a steady stand between Irfan Khan Niazi and Hassan Khan offered some resistance. However, regular wickets at key intervals ensured the required run rate kept climbing out of reach.

Abrar Ahmed emerged as the standout performer with the ball, taking vital wickets and maintaining pressure through tight spells. Support from Ahmed Daniyal further strengthened Quetta’s grip, as Hyderabad failed to mount any late surge.

Earlier in the match, Quetta Gladiators posted a competitive total of 174/8 after being asked to bat first. The innings saw early setbacks, but a composed and confident performance from Shamyl Hussain helped stabilize the innings.

Shamyl continued his strong run of form with a well-crafted half-century, anchoring the batting effort. He built a crucial partnership with Hasan Nawaz, who also contributed with a solid fifty. Their partnership proved to be the backbone of Quetta’s innings, guiding the team toward a defendable total.

In the final overs, Tom Curran added valuable runs with an aggressive finish, pushing the score beyond the 170 mark. His late contribution ensured Quetta had enough runs on the board to apply pressure on the opposition.

For Hyderabad, Riley Meredith was the pick of the bowlers with three wickets, while Maheesh Theekshana and Akif Javed chipped in with two wickets each.

This victory gives Quetta Gladiators a much-needed boost early in the tournament, helping them open their account in PSL 11. The team’s all-round performance will likely serve as a confidence builder as they look to maintain momentum in upcoming matches.

Brent Surges Past $115 as Middle East Conflict Deepens and Supply Risks Intensify

Global oil markets are on edge as Brent Crude surged above $115 per barrel, driven by escalating tensions in the Middle East. The spike follows intensifying conflict involving Iran, Israel, and regional actors, raising serious concerns about prolonged supply disruptions.

The situation worsened after Iran rejected a US-backed peace proposal, signaling a widening diplomatic rift. Donald Trump extended a deadline for potential military action, hinting at ongoing negotiations, but Tehran’s firm stance has dampened hopes for a quick resolution.

A major development in the conflict is the entry of the Houthis, an Iranian-backed group, which has formally joined the confrontation. While their recent missile strike had limited immediate impact, analysts warn their involvement could significantly escalate the crisis, particularly if key maritime routes are targeted.

Attention is now focused on two critical chokepoints: the Strait of Hormuz and the Bab al-Mandeb Strait. The Strait of Hormuz alone handles nearly 20 percent of global oil and gas flows, and disruptions there have already tightened supply. Meanwhile, any threat to Bab al-Mandeb could further choke international shipping routes, creating a worst-case scenario for energy markets.

Since the conflict escalated in late February, shipping activity through these vital corridors has dropped sharply, contributing to the surge in oil prices. Traders are increasingly factoring in geopolitical risk, expecting continued volatility in the weeks ahead.

For oil-importing countries like Pakistan, rising crude prices could translate into higher fuel costs, increased inflation, and added pressure on foreign exchange reserves. The ongoing crisis highlights the fragile balance of global energy supply and the far-reaching consequences of geopolitical instability.

If tensions persist and critical supply routes remain under threat, oil markets may continue to experience sharp price swings, keeping governments and investors on high alert.

Luxury Imports in Pakistan Face Up to 60% Taxes, Driving Prices Higher

The cost of imported luxury and non-essential goods in Pakistan has surged sharply, with total taxes reaching as high as 60 percent of the product value. This significant increase is reshaping consumer behavior and putting pressure on import-dependent markets.

According to officials from the Federal Board of Revenue, multiple layers of taxation are applied at the import stage. These include a 25 percent sales tax, customs duties, regulatory duties ranging between 5 and 55 percent, and a withholding tax of up to 5 percent. In addition, importers face an extra customs duty between 2 and 7 percent, further raising the overall cost.

This taxation framework affects a wide spectrum of products commonly considered non-essential. Items such as dairy products, processed foods, beverages, cosmetics, electronics, and home appliances are all subject to these elevated duties. As a result, imported goods are becoming increasingly expensive for the average consumer.

The policy appears to be part of broader economic measures aimed at controlling imports and managing Pakistan’s current account deficit. By discouraging the purchase of luxury and non-essential items, authorities hope to reduce pressure on foreign exchange reserves and promote local industries.

However, the impact on consumers and businesses is notable. Retailers dealing in imported goods are facing declining demand as prices climb beyond the reach of many buyers. At the same time, consumers are either cutting back on discretionary spending or shifting toward locally produced alternatives.

Industry experts suggest that while the move may support domestic manufacturing in the long run, it could also lead to reduced product variety and increased market monopolies if local supply fails to meet demand. Moreover, sectors reliant on imported inputs may face higher operational costs, potentially passing the burden on to end users.

For consumers, the message is clear: luxury now comes at a premium. As taxation policies continue to evolve, both businesses and buyers will need to adapt to a market where imported convenience and indulgence are no longer easily affordable.

Marnus Labuschagne Explains Maaz Sadaqat’s Absence in PSL 11 Opener

Hyderabad Kingsmen captain Marnus Labuschagne has clarified the reason behind Maaz Sadaqat’s absence from the team’s opening match of Pakistan Super League Season 11. The young batter was unavailable due to injury, ruling him out of a crucial start to the tournament.

The Kingsmen began their PSL campaign against defending champions Lahore Qalandars at Gaddafi Stadium but faced a challenging outing. The team suffered a 69-run defeat, struggling to make an impact in both batting and bowling departments.

Maaz Sadaqat’s absence was seen as a setback for the side, given his potential as a promising opening batter. His injury forced the team management to adjust their lineup, which may have affected the overall balance and performance in the high-pressure opener.

Speaking after the match, Labuschagne emphasized that player fitness remains a top priority and that the team did not want to risk aggravating the injury. He expressed hope that the young opener would recover soon and return to strengthen the squad in upcoming fixtures.

The defeat has placed early pressure on the Hyderabad Kingsmen as they look to regroup and improve their performance in the next matches. With a long tournament ahead, team management will be keen to address weaknesses and build momentum quickly.

Meanwhile, Lahore Qalandars showcased why they are considered strong contenders once again, delivering a dominant performance in front of their home crowd. Their comprehensive win sets a confident tone for the rest of their PSL campaign.

As PSL 11 progresses, team combinations and player fitness will play a critical role in determining success. For the Kingsmen, Maaz Sadaqat’s recovery could be key to stabilizing their top order and improving results in the matches ahead.

Pakistan Outperforms Regional Peers in Fuel Supply Management Amid Ongoing Crisis

Pakistan has demonstrated relative stability in managing its fuel supply chain despite ongoing regional tensions, according to Khyber Pakhtunkhwa Finance Minister Muzzammil Aslam. His remarks highlight the country’s coordinated approach to handling petroleum availability during a period of uncertainty.

Speaking on the matter, the provincial minister commended Federal Minister for Finance and Revenue Muhammad Aurangzeb and Federal Minister for Petroleum Ali Pervaiz Malik for their effective handling of the situation. Their efforts, he noted, have ensured consistent fuel availability across the country, even as global markets face disruptions.

Pakistan’s performance stands out when compared to several neighboring countries, where supply constraints and price volatility have created additional challenges. By maintaining operational continuity, authorities have managed to prevent major shortages and stabilize domestic markets.

The discussion took place during a high-level meeting involving both federal and provincial stakeholders. The session focused on evaluating petroleum pricing mechanisms and reviewing subsidy reforms in line with directives from the country’s top leadership. The aim is to strike a balance between fiscal responsibility and consumer relief.

Experts suggest that proactive planning, improved coordination, and timely policy decisions have played a crucial role in managing the fuel supply effectively. These measures have helped mitigate the impact of external shocks, including geopolitical tensions and fluctuating global oil prices.

Maintaining fuel stability is critical for Pakistan’s broader economic performance, as energy costs directly influence transportation, industry, and inflation. Continued vigilance and adaptive policies will be essential to sustain this momentum in the face of evolving challenges.

The government’s current approach reflects a broader effort to strengthen energy security while ensuring affordability for consumers. As regional uncertainties persist, Pakistan’s ability to manage its fuel supply efficiently could serve as a model for others navigating similar pressures.

Fatima Fertilizer Strengthens Ties with Multan Sultans as PSL Title Sponsor

Fatima Fertilizer Company Limited has reinforced its commitment to Pakistan’s sporting landscape by renewing its partnership with Multan Sultans as the Title Sponsor for the Pakistan Super League. The agreement marks another milestone in a long-standing collaboration that continues to bridge corporate support with national passion for cricket.

The Memorandum of Understanding was signed during a formal ceremony held at Pearl Continental Hotel in Lahore, bringing together key representatives from both organizations. Under this partnership, Fatima Fertilizer’s branding will feature prominently on the Multan Sultans’ jersey, further enhancing its visibility during one of Pakistan’s most-watched sporting events.

This collaboration carries deeper meaning beyond commercial association. With strong roots in South Punjab, Fatima Fertilizer shares a natural connection with the Multan Sultans, a team that represents the same region. The partnership reflects a shared identity and highlights the company’s dedication to supporting communities it serves, particularly the agricultural sector that forms the backbone of the region’s economy.

Company leadership emphasized that cricket represents values closely aligned with their mission, including growth, resilience, and teamwork. The continuation of this sponsorship into its eighth year underscores a relationship built on mutual trust and a unified vision. The presence of Fatima Fertilizer in Multan further strengthens this bond, making the partnership both strategic and symbolic.

From the perspective of Multan Sultans, the renewed agreement signifies stability and long-term vision. Team management acknowledged the importance of consistent partners in building a competitive and successful franchise. The association with Fatima Fertilizer reflects a shared commitment to excellence and performance, both on and off the field.

The Pakistan Super League continues to serve as a powerful platform that unites millions of fans across the country. By aligning with such a widely followed tournament, Fatima Fertilizer not only expands its brand reach but also contributes to promoting sports culture and national unity.

As the upcoming PSL season approaches, this partnership sets the tone for another exciting chapter. It highlights how corporate entities and sports franchises can collaborate to create meaningful impact, blending business objectives with community engagement and national pride.

Dubai Crude Prices Drop Sharply as Iran-US De-escalation Eases Market Fears

Global oil markets witnessed a significant correction as Dubai Crude prices fell close to $110 per barrel following easing tensions between the United States and Iran. The decline reflects a shift in market sentiment after weeks of heightened geopolitical uncertainty.

Dubai crude dropped to around $113 per barrel, marking a steep fall of nearly $29 in a single session—one of the sharpest corrections in recent months. The benchmark had previously surged to elevated levels due to fears of supply disruptions amid escalating regional tensions.

Recent developments indicate a slight breakthrough in diplomatic efforts, with signs of progress in ceasefire discussions between Washington and Tehran. This improvement has helped calm global energy markets, reducing the risk premium that had been driving oil prices upward.

The correction becomes more evident when comparing recent price trends. Dubai crude stood at $71.23 on February 27, surged dramatically to $169.75 by March 23, and then gradually declined to $157.00 before dropping further to $113.00 on March 26. This volatility highlights how sensitive oil markets remain to geopolitical developments.

Pakistan’s reported involvement in backchannel diplomacy has also contributed to improving investor confidence. The country’s engagement in facilitating dialogue between the two sides has been viewed as a positive step toward regional stability, further supporting the downward trend in oil prices.

Lower crude prices could offer some relief to energy-importing countries like Pakistan, potentially easing pressure on fuel costs and inflation. However, analysts caution that the situation remains fluid, and any reversal in diplomatic progress could once again push prices upward.

Market participants are now closely monitoring further developments in Iran-US relations. Sustained progress toward de-escalation could stabilize oil prices in the coming weeks, while uncertainty may continue to drive fluctuations.

As global energy markets adjust to the evolving geopolitical landscape, the latest drop in Dubai crude underscores the strong link between political developments and commodity pricing.

Pakistan vs Myanmar Clash May Be Held Without Fans Amid Ongoing Concerns

The upcoming AFC Asian Cup 2027 Qualifier between Pakistan and Myanmar is likely to take place behind closed doors, as authorities consider restricting spectator access due to prevailing national conditions.

The match is scheduled for March 31, 2026, at Jinnah Stadium, but recent developments suggest that fans may not be allowed inside the venue. The move follows similar precautionary measures observed during Pakistan Super League 11, where initial matches were conducted without crowds.

Officials are reportedly evaluating this decision in light of ongoing fuel conservation efforts and regional uncertainties. While ticket sales were initially expected to open online, the possibility of a closed-door match now appears increasingly likely. However, the Pakistan Football Federation has yet to issue an official confirmation.

If the no-spectator policy is finalized, fans will need to rely on broadcast and digital platforms to follow the game. The match is expected to be aired on PTV Sports, with live streaming likely available via ARY ZAP.

On the sporting front, Pakistan heads into the fixture under pressure after suffering a 1-0 defeat against Myanmar in the previous encounter. Head coach Stephen Constantine is reportedly focusing on improving the team’s defensive organization ahead of this crucial tie.

Currently, Pakistan sits at the bottom of Group E, which includes Syria, Myanmar, and Afghanistan. With only two points from five matches—comprising two draws and three losses—the team faces a must-win situation to keep its qualification hopes alive.

The potential absence of a home crowd could be a setback for the national side, as fan support often plays a key role in boosting team morale. At the same time, authorities appear to be prioritizing broader national considerations over matchday attendance.

As anticipation builds, fans across the country await final confirmation, hoping to at least catch the action through live broadcasts if stadium access remains restricted.

Jet Fuel Prices Surge in Pakistan, Driving Airfare Costs to New Highs

Air travel in Pakistan is becoming increasingly expensive as jet fuel prices witness a dramatic rise. The cost of aviation fuel has surged from Rs. 176 to Rs. 417 per liter, placing significant financial pressure on airlines and passengers alike. This sharp increase is reshaping the overall dynamics of the country’s aviation sector.

Airlines are now adjusting their pricing strategies to cope with the soaring operational expenses. Instead of altering base ticket fares, many carriers have introduced higher fuel surcharges. These additional charges, ranging from $10 to $100 per ticket, are significantly increasing the final cost of travel for passengers.

This pricing shift means that even though the advertised base fare may appear unchanged, travelers are ultimately paying much more. The impact is particularly noticeable on domestic routes. Flights connecting major cities such as Karachi, Islamabad, and Lahore are now seeing one-way ticket prices climb as high as Rs. 40,000, making routine travel less affordable for the average consumer.

The surge in jet fuel prices is not only affecting passengers but also putting pressure on the airline industry. Carriers are facing a challenging environment where maintaining profitability while keeping services accessible has become increasingly difficult. Rising fuel costs are one of the largest operational expenses for airlines, and such a steep increase leaves little room for flexibility.

For frequent travelers and business passengers, this trend may lead to reduced travel frequency or a shift toward alternative modes of transportation. At the same time, the tourism sector could feel the ripple effects, as higher travel costs may discourage both domestic and international visitors.

Industry experts suggest that unless fuel prices stabilize, airfare levels are likely to remain elevated in the near future. Airlines may continue to rely on surcharges as a temporary measure, but sustained increases could eventually force broader pricing adjustments.

As Pakistan navigates these economic pressures, passengers are advised to plan their travel carefully and monitor fare changes closely. The evolving situation highlights the direct link between fuel costs and ticket pricing, emphasizing how global and local economic factors can quickly impact everyday travel expenses.

PCB Announces PSL 11 Ticket Refund Policy Amid Behind-Closed-Doors Decision

The Pakistan Cricket Board has released a detailed refund policy for tickets purchased for the 2026 Pakistan Super League (PSL 11), offering clarity and reassurance to fans following recent changes to the tournament format.

According to the board, all tickets bought online will be refunded automatically to customers through their original payment methods. This includes transactions made via debit cards, credit cards, as well as digital platforms like JazzCash and Easypaisa, ensuring a smooth and convenient process.

The refund process is scheduled to begin on March 30, 2026, and is expected to be completed within 15 working days. However, the Pakistan Cricket Board noted that processing times may vary depending on individual banks or service providers.

Importantly, ticket holders are not required to submit any request or take additional steps to receive their refunds. In case of delays beyond the expected timeframe, customers are advised to contact their respective banks or payment platforms for further assistance.

The refund announcement follows a major decision by the PCB to conduct PSL 11 matches behind closed doors, meaning no spectators will be allowed at stadiums. This move was attributed to a national petroleum and resource conservation crisis, along with prevailing regional security concerns.

Additionally, the tournament has been scaled down to just two venues instead of the originally planned six. Matches will now be held at Gaddafi Stadium in Lahore and the National Stadium in Karachi.

These changes mark a significant shift for one of Pakistan’s most popular sporting events. While fans will miss the in-stadium experience, the PCB’s refund policy aims to ensure transparency and minimize inconvenience during this transition.

Mohamed Salah Set to Depart Liverpool After Nine Remarkable Years

In a major development for football fans worldwide, Mohamed Salah is set to leave Liverpool FC at the end of the 2025–26 season, bringing an end to one of the most successful eras in the club’s recent history.

The Egyptian forward, widely regarded as one of the greatest players in the Premier League, has decided to conclude his nine-year journey at Anfield. Reports indicate that Salah personally requested the club to make his departure public at the earliest opportunity, signaling a clear and planned exit.

Since joining Liverpool in 2017, Salah has played a transformative role in the club’s resurgence on both domestic and international stages. His consistent goal-scoring ability, pace, and technical brilliance have made him a fan favorite and a key figure in Liverpool’s attacking lineup.

During his tenure, Salah helped Liverpool secure multiple major titles, including the Premier League and the UEFA Champions League. His individual accolades and record-breaking performances have cemented his legacy as one of the club’s all-time greats.

The announcement of his departure marks the end of an era for Liverpool, as the club prepares to move forward without one of its most influential players. For fans, Salah’s exit will undoubtedly be an emotional moment, given his immense contribution and iconic status at Anfield.

While his next destination remains uncertain, speculation is already building around potential moves to other top European clubs or lucrative opportunities in emerging football markets. Regardless of where he goes next, Salah’s impact on Liverpool and global football will remain significant.

As the 2025–26 season progresses, all eyes will be on Salah as he looks to end his Liverpool career on a high note, adding further achievements to an already illustrious legacy.

Coca-Cola Pakistan Wins Dual Sustainability Honors at International CSR Summit in Karachi

Coca-Cola Pakistan has earned national recognition for its environmental and social responsibility efforts, securing two major awards at the 15th International Summit on Corporate Social Responsibility held in Karachi. The company was honored for its impactful initiatives in water stewardship and sustainability innovation, reinforcing its role in advancing Pakistan’s environmental goals.

At the prestigious gathering, Coca-Cola Pakistan received the Excellence in Water Stewardship Award alongside the Innovation in Sustainability Award. These accolades reflect the organization’s commitment to addressing critical environmental challenges through strategic programs and partnerships.

The awards were presented by Syed Mustafa Kamal, who attended as the chief guest. Representing the company, Dr. Faisal Hashmi accepted the honors and emphasized that the recognition highlights Coca-Cola Pakistan’s ongoing dedication to supporting sustainable development across the country.

The summit itself brought together a diverse group of corporate leaders, policymakers, and development experts. Prominent organizations such as Mondelez International, Engro Corporation, KFC, Toyota, and Telenor participated, highlighting the growing importance of corporate responsibility in Pakistan’s business landscape.

Coca-Cola Pakistan’s water stewardship recognition was driven by initiatives aimed at improving access to clean water and ensuring long-term water replenishment. Programs such as Water for Women focus on enhancing household water access in underserved communities, particularly in Sindh. Meanwhile, Recharge Pakistan, supported by The Coca-Cola Foundation, works on climate resilience by addressing flood risks and restoring wetlands.

The Innovation in Sustainability Award acknowledged the company’s Maidaan Saaf initiative, introduced during the ICC Champions Trophy 2025. As an official beverage partner, Coca-Cola Pakistan implemented effective waste management practices at cricket venues. The effort led to the collection and recycling of approximately 60,000 PET bottles, which were repurposed into yarn for T-shirt production. Additionally, awareness messages displayed on digital screens reached millions of spectators, promoting responsible consumption habits.

In his keynote address, Syed Mustafa Kamal stressed the importance of shifting from reactive healthcare systems to preventive approaches. He highlighted that access to safe drinking water remains a cornerstone of public health, particularly for vulnerable populations such as women and children. The minister also encouraged stronger collaboration between the public and private sectors to achieve long-term health and sustainability outcomes.

These recognitions not only celebrate Coca-Cola Pakistan’s achievements but also signal a broader shift among corporations toward meaningful environmental and social impact. As sustainability continues to shape business strategies, such initiatives are likely to play a key role in Pakistan’s development journey.

Bank Makramah Limited Assigned ‘A-/A2’ Ratings with Positive/Stable Outlook by VIS

Karachi, March 25, 2026: Bank Makramah Limited (BML) has been assigned initial entity ratings of ‘A-’ (Long Term) and ‘A2’ (Short Term) with a ‘Stable’ outlook by VIS Credit Rating Company Limited.

The assigned ratings reflect a significant improvement in the Bank’s credit profile, underpinned by strong sponsor support, successful recapitalization, ongoing restructuring initiatives, and a strengthened governance and liquidity framework.

It is noteworthy that the Bank’s last assigned ratings in 2018 stood at ‘BBB-’ (Long Term) and ‘A3’ (Short Term) with a ‘Negative’ outlook. Subsequently, the ratings were suspended in 2019. The current assignment represents a restoration of ratings after suspension, along with a substantial upgrade in both long-term and short-term ratings, and a revision in outlook from Negative to Positive/Stable.

This achievement underscores the Bank’s comprehensive transformation journey, marked by capital strengthening, improved solvency position, enhanced governance structure, and consistent progress toward strategic objectives.

The milestone follows a record pre-tax profit of PKR 19 billion for the year ended 2025, alongside compliance with Minimum Capital Requirement (MCR) and Capital Adequacy Ratio (CAR) benchmarks.

Bank Makramah Limited now enters its next phase, defined by financial stability, strategic clarity, and sustainable value creation for its stakeholders.

PMD Forecasts Heavy Rain and Possible Hail in Karachi

The Pakistan Meteorological Department has issued a fresh weather advisory for Karachi, warning of rain, thunderstorms, and possible hail over the next 24 hours. The forecast indicates that changing weather patterns could bring intense conditions in different parts of the city.

According to the Met Office, heavy rainfall is expected in certain areas, while isolated locations may also experience hailstorms. Thunderstorm activity combined with strong winds could lead to sudden weather shifts, especially during evening and night hours.

Recent weather patterns suggest that such systems can intensify quickly, increasing the risk of urban flooding in low-lying areas and disruption to daily routines. Authorities often advise residents to remain cautious during such spells, particularly while traveling.

The forecast comes amid a period of unusual weather activity in the region, with storms, strong winds, and rainfall affecting multiple areas of Sindh in recent days. These changing conditions highlight the need for preparedness and timely updates from official sources.

Residents are advised to avoid unnecessary movement during heavy showers, secure loose outdoor items, and stay informed through official weather alerts. Commuters should also remain cautious on slippery roads and during reduced visibility.

With the possibility of hail and thunderstorms, the next 24 hours could bring a mix of relief from heat and potential challenges for the city’s infrastructure.

RawalPindiz Sign Cole McConchie as Replacement Ahead of PSL 11

RawalPindiz have made a late squad adjustment ahead of the highly anticipated Pakistan Super League Season 11, bringing in a replacement player to strengthen their lineup before the tournament begins.

The franchise has signed Cole McConchie, a versatile all-rounder from New Zealand, as a replacement for Jake Fraser-McGurk. The Australian batter is set to miss the upcoming season, prompting the team to look for a reliable alternative.

McConchie’s inclusion adds balance to the squad, as he is known for his ability to contribute with both bat and ball. His all-round capabilities could prove valuable in the fast-paced T20 format, offering flexibility in team combinations and match situations.

For RawalPindiz, who are making their debut in PSL, this signing reflects a strategic move to maintain competitiveness despite last-minute changes. Adjusting squads before the tournament is common, especially when international commitments or unforeseen circumstances affect player availability.

PSL 11 is set to attract significant attention, with teams finalizing preparations to compete at the highest level. The addition of McConchie gives RawalPindiz an experienced option as they look to make an impact in their first appearance.

With the tournament just around the corner, all eyes will be on how new combinations perform and whether replacement signings like this can deliver under pressure.

PCB Elevates PSL 11 with Cutting-Edge Broadcast Technology and Enhanced Viewing Experience

The Pakistan Cricket Board (PCB) is preparing to redefine cricket broadcasting standards with a major production upgrade for Pakistan Super League (PSL) Season 11. The upcoming edition promises a more immersive and technically advanced viewing experience, aligning the league with global broadcast benchmarks.

To begin with, PSL 11 matches will feature coverage through more than 30 high-definition cameras. This extensive setup will ensure deeper match analysis, multiple viewing angles, and improved clarity for viewers watching from home. The goal is to bring fans closer to the action with every delivery, boundary, and wicket.

One of the standout developments this season is the upgraded Urdu broadcast. It is being positioned as the most comprehensive in PSL history, offering dedicated camera feeds, expanded replay segments, and detailed studio discussions. This move reflects the PCB’s commitment to engaging local audiences with content that feels more relatable and insightful.

Technology will play a central role in enhancing the viewing experience. The integration of Hawk-Eye technology with a fully equipped Decision Review System (DRS) will provide accurate and transparent decision-making. Features such as off-bat visualization and biomechanics analysis will allow fans to better understand key moments and player techniques in real time.

In addition, modern innovations like augmented reality (AR) and virtual reality (VR) graphics will bring a fresh dimension to match coverage. These features will be complemented by a live player tracking system, offering detailed data insights that enrich the overall broadcast presentation.

The return of the Spidercam, equipped with its “Parvaz” capability, will further elevate the spectacle. This advanced camera system will deliver dynamic aerial shots and unique perspectives, adding cinematic value to the tournament.

With these comprehensive upgrades, the PCB is aiming to position PSL 11 among the top-tier cricket leagues globally. The enhanced production quality is expected to attract a wider audience and set new standards for sports broadcasting in the region.

PSL 11 Trophy Arrives in Lahore Ahead of Tournament Kickoff

The Pakistan Super League trophy has arrived in Lahore as part of a nationwide tour leading up to the opening match of PSL 11 on March 26. The trophy’s tour aims to engage fans across the country and celebrate the excitement of Pakistan’s premier cricket tournament.

In Lahore, the trophy was showcased at prominent landmarks including Greater Iqbal Park and Shahi Qila. The nationwide journey has also included stops in Karachi, Hyderabad, Peshawar, and will continue to Multan and Quetta.

Earlier, the trophy visited Imran Khan Cricket Stadium, attracting cricket enthusiasts and visitors who had the opportunity to view the gleaming prize ahead of the tournament. Leading players, including Fakhar Zaman, joined the ceremonial events, adding to the excitement among fans.

PSL 11 will feature eight teams for the first time in the league’s history, highlighting the growth of domestic cricket in Pakistan. The opening match in Lahore promises to be a spectacular start to the tournament, which continues to strengthen the country’s cricketing culture and fan engagement.

The trophy tour not only celebrates the sport but also provides fans across Pakistan a chance to witness the symbol of championship glory firsthand, building anticipation for the matches ahead.

Pakistan Secures $27 Million Savings in CASA-1000 Hydropower Project After Successful Negotiations

Pakistan has recorded a major financial achievement by saving more than $27 million in the cross-border CASA-1000 Project. The savings come after effective negotiations with contractors over care and custody claims, reflecting improved financial oversight and strategic decision-making.

The Engineering, Procurement, and Construction contractor, a joint venture between Hitachi Energy and Cobra Instalaciones y Servicios, had initially submitted claims of approximately $32.9 million for Pakistan and $28.5 million for Tajikistan. These claims were associated with maintenance and protection costs during project delays.

Through careful review and negotiation, Pakistani authorities managed to significantly reduce the payable amount, resulting in direct savings exceeding $27 million. This development highlights Pakistan’s commitment to fiscal responsibility, particularly in large-scale infrastructure initiatives involving international stakeholders.

The CASA-1000 project is a key regional energy initiative designed to transmit surplus hydroelectric power from Central Asian countries to energy-deficient regions in South Asia, including Pakistan. By improving cross-border electricity connectivity, the project aims to enhance energy security, reduce power shortages, and promote economic cooperation among participating countries.

Pakistan’s success in reducing these claims is also seen as a positive signal for future foreign-funded infrastructure projects. It demonstrates the country’s ability to engage in transparent negotiations while safeguarding national financial interests. Such outcomes can build confidence among international investors and development partners.

Moreover, the cost-saving effort aligns with Pakistan’s broader strategy to optimize public spending while continuing to invest in energy infrastructure. With rising energy demands and ongoing power sector challenges, projects like CASA-1000 remain vital for long-term sustainability and regional integration.

This financial breakthrough not only eases the burden on national resources but also reinforces the importance of strong contract management in multinational projects. As Pakistan continues to navigate economic pressures, such savings contribute meaningfully to fiscal stability and development goals.

Pakistan and South Asia Brace for Energy Crisis After Iran Strikes Qatar LNG Hub

South Asian countries, including Pakistan and India, are facing the threat of a severe gas and power crisis following air strikes by Iran on Qatar’s Ras Laffan Industrial City, the world’s largest liquefied natural gas export hub. The facility is a key supplier of LNG to the region, including nearly all of Pakistan’s imports.

Pakistan relies on Qatar for approximately 99 percent of its LNG supply. Damage to the Ras Laffan hub could lead to significant interruptions in imports, potentially forcing Islamabad to implement stricter fuel austerity measures in the coming weeks if cargo deliveries are suspended for more than two weeks. Power generation and industrial operations across the country may face serious disruptions.

The attacks are reportedly a retaliatory response by Iran to recent strikes by Israel and the United States on its South Pars gas field, one of the world’s largest natural gas reserves, which generates nearly 80 percent of Iran’s electricity. The escalation underscores the vulnerability of global energy supply chains to geopolitical tensions.

Experts warn that South Asia’s energy security is highly exposed to international conflicts, particularly given the region’s dependence on imported LNG for power and industrial use. Any prolonged disruption at Ras Laffan could increase electricity shortages, drive up energy costs, and worsen inflationary pressures in affected countries.

Pakistan and India are closely monitoring the situation, with authorities evaluating alternative LNG suppliers and emergency measures to mitigate potential shortages. Analysts note that even a short-term disruption in Qatar’s LNG exports could have cascading effects on power generation, industrial production, and household energy availability.

The incident highlights the growing interdependence of energy markets and the risks posed by regional conflicts. Governments in South Asia may now need to accelerate diversification of energy imports, strengthen strategic reserves, and enhance contingency planning to reduce reliance on single-source suppliers.