The government of Saudi Arabia has announced stringent penalties for individuals who fail to report visitors overstaying their visit visas. The move is part of a broader effort to strengthen compliance with residency and border regulations across the Kingdom. According to Saudi Public Security, anyone who does not inform authorities about a visitor remaining in […]
Pakistan’s Large-Scale Manufacturing (LSM) sector showed signs of recovery as the LSM Index posted a 0.4 percent year-on-year (YoY) increase in December 2025, alongside a strong 9.3 percent month-on-month (MoM) growth, signaling a rebound in industrial activity. During the first half of FY26 (1HFY26), the LSM index recorded a 5 percent YoY expansion, reflecting improving […]
The Pakistani rupee (PKR) continued its modest gains against the US Dollar (USD) on Monday, closing in green for the 101st consecutive day. The currency posted a small appreciation of one paisa, ending the session at 279.61 PKR per USD. Despite its steady performance against the dollar, the rupee faced pressure against several other major […]
The government is preparing to overhaul its electricity subsidy framework by limiting financial support strictly to low-income households, subject to approval from the International Monetary Fund. The proposal, finalized by the Power Division, is expected to be discussed in upcoming negotiations with the IMF as part of broader fiscal reforms. Under the new framework, all […]
Pakistan has recorded its strongest monthly net foreign inflows into sovereign bonds in nearly two years, signaling renewed investor interest in the country’s debt market. According to a report by Bloomberg, January saw a significant turnaround compared to the same period last year. Net inflows into government bonds reached $176 million in January, marking the […]
Pakistan’s state-owned enterprises (SOEs) recorded combined losses of Rs. 832.8 billion in fiscal year 2024-25, according to a fresh report issued by the Ministry of Finance. Although the figures reflect a slight 2 percent improvement compared to the previous fiscal year, the overall financial burden remains substantial. The latest data underscores persistent structural challenges within […]
The future of the Reko Diq copper-gold project in Balochistan is under scrutiny as Barrick Gold Corporation reassesses its budget and timeline due to ongoing security concerns, Reuters reports. To date, Barrick has invested $849 million in the project, including $721 million in 2025, against a Phase 1 capital budget of approximately $6 billion. The […]
The Pakistan Airports Authority (PAA) has completed preparations to facilitate the launch of two new Pakistani airlines — one passenger carrier and one cargo operator — signaling renewed activity in the country’s aviation sector. According to airport sources, a new passenger airline named Karachi Air has finalized plans to lease aircraft and is expected to […]
Pakistan’s Federal Board of Revenue (FBR) has introduced a significant reform aimed at strengthening tax compliance in the rapidly expanding e-commerce sector. Under the new framework, sales tax on goods ordered through digital platforms will now be withheld at source, ensuring more efficient and transparent tax collection. The move places the responsibility of tax deduction […]
The Council of Islamic Ideology (CII) has announced the official rates for Fitrana (Sadaqatul-Fitr) and Fidyah for Ramadan 2026, providing guidance to Muslims across Pakistan on fulfilling their religious obligations during the holy month. CII Chairperson Allama Dr. Muhammad Raghib Hussain Naeemi stated that the minimum amount for both Fitrana and Fidyah has been set […]
The Constitutional Bench of the Sindh High Court has directed the immediate closure and dismantling of an illegal food street operating on a service road in Karachi’s Korangi area. The decision comes in response to concerns over public safety, traffic congestion, and unauthorized commercial activity. Authorities have been instructed to take swift action to remove […]
Kuwait has officially introduced significant updates to its residency regulations, marking an important shift in the country’s immigration framework. The reforms, announced by the Ministry of Interior, are aimed at streamlining procedures, improving regulatory clarity, and bringing various residency categories under a more unified system. The new residency rules directly impact expatriates living in Kuwait […]
Sialkot Stallionz have officially signed a sponsorship agreement with global sportswear brand New Balance, naming the company as the franchise’s exclusive apparel partner for the 2026 Pakistan Super League season (PSL 11). The partnership comes ahead of the team’s debut campaign and marks a significant commercial milestone for the Sialkot-based franchise. Under the agreement, New […]
The Ministry of Defence (MoD) has announced a major recruitment drive, offering hundreds of government jobs ranging from BS-01 to BS-18 for Pakistani nationals. The move is expected to create wide employment opportunities across multiple sectors, attracting candidates from diverse educational and professional backgrounds. According to the official advertisement, the vacancies span technical, administrative, security, […]
Gold prices in Pakistan experienced another significant increase on Wednesday, following strong gains in the international market. Investors and buyers observed sharp rises in both per tola and per gram rates, continuing a trend of upward movement over the past several days. In the local market, the price of gold per tola climbed by Rs. […]
Quetta Gladiators have officially disclosed the retention amounts for their protected players ahead of the Pakistan Super League 2026 auction, offering early insight into the franchise’s strategy for PSL 11. The announcement has generated interest among fans and analysts, as teams begin shaping their squads for the upcoming season. The franchise confirmed that four players […]
The Pakistani rupee (PKR) continued its modest upward trend against the US Dollar (USD), closing in green for the 93rd consecutive trading day on Tuesday. Despite the streak, the currency posted losses against most other major international currencies during the session. The PKR closed at 279.75, marking a gain of just one paisa against the […]
The Government of Pakistan has announced plans to send 800,000 Pakistani nationals overseas for employment, with a focus on enhancing skills and employability. The initiative aims to strengthen the country’s workforce while boosting remittances from overseas Pakistanis. Minister for Overseas Pakistanis Chaudhry Salik Hussain highlighted the importance of establishing reputable training institutions to prepare workers […]
During a meeting of the Senate Standing Committee on Commerce on Monday, lawmakers expressed optimism that the State Bank of Pakistan (SBP) could lower its policy rate to single digits by June 2026. Members highlighted that persistently high interest rates have significantly restricted business activity and limited access to financing for the private sector. Federal […]
President of Kazakhstan, Kassym-Jomart Tokayev, is set to arrive in Islamabad tomorrow on his first official visit to Pakistan, marking a new chapter in bilateral relations between the two countries. The visit underscores both nations’ commitment to strengthening diplomatic, economic, and regional cooperation. According to the Foreign Office, President Tokayev is visiting Pakistan at the […]
