Featured Archives

Petrol price cut by Rs 18.50, diesel by Rs 40.54 to pass on global drop to consumers

To give people the most relief possible, Prime Minister Shehbaz Sharif cut the price of petrol by Rs 18.50 a litre and diesel...

1.2K

State Bank sets interest rate at 15% to tame 13-year high inflation

The State Bank of Pakistan (SBP) has increased its key policy rate by 125 basis point to 15 percent during its review...

576

Pakistan seeks input from refiners for importing Russian crude oil

The Ministry of Energy has requested industrial experts and refineries to submit an analysis for importing Russian crude oil, as the country...

758

Loadshedding to increase in July as Pakistan fails to obtain LNG amid war

Pakistan is facing a hike in power crisis as it failed to agree on an agreement for LNG supply next month. LNG...

602

Govt considering to lift ban on import of mobile phones

According to reliable sources, the federal government is prepared to partially lift the ban on the import of mobile phones. A notification...

472

With aggressive interest rate hike since 1994, US faces increased risk of recession

As China’s COVID-19 restrictions and Russia’s war of Ukraine affects supply chains, manufacturing growth is slowing from Asia to Europe, while the looming...

782

Rupee in a free fall as it plunges to 211.48 against US dollar

The Pakistani rupee continued its free-fall and crossed the 210 threshold against the US dollar for the first time in the interbank...

735

Petrol price in Pakistan reaches a record high of Rs 233.89 per litre

Miftah Ismail, the Federal Finance Minister, declared on Wednesday that Pakistan could no longer afford to provide subsidies on petroleum products, thus...

618

Budget FY23 plans to grow economy by 5% and hold down annual inflation to 11.5%

The budget for the fiscal year 2022-23 (FY23) has been presented by Finance Minister Miftah Ismail in the National Assembly on Friday....

720

Rs 9.5 trillion FY23 budget unveiled: 15% increase in salaries, 5% in pensions

Finance Minister Miftah Ismail on Friday unveiled the coalition government’s maiden budget with an outlay of Rs 9.5 trillion for the fiscal...

629

Pakistan raises fuel prices by Rs 60 in one week, protests hit petrol pumps

Protests have broken out at petrol pumps after the government increased fuel prices by Rs 60 in the second straight hike within...

655

Pakistan under pressure from IMF drops a massive petrol bomb

The federal government has surrendered to the International Monetary Fund (IMF) condition and declared a huge increase in petrol and diesel prices of...

997

Pakistan shuts down internet as defiant Imran Khan vows to reach D-Chowk

Internet service in Pakistan is being artificially limited as the government seeks to shut down protests organized by former Prime Minister Imran...

790

Pakistan bans import of over 30 luxury items including cars, smartphones

The federal government has decided to impose a complete ban on the import of superfluous and luxury items to deal with Pakistan’s...

722

Experts raise red flag for economy as rupee hits historic low of 200 against dollar

Experts have raised red flag for economy as Pakistani rupee dropped to a new historic low of 200 against US dollar in...

1.1K

Hamza Shahbaz no longer CM Punjab as SC disallowed vote of dissident members

Supreme Court of Pakistan in a majority verdict of 3:2 finally decides that defectors vote will not be counted which effectively ends...

870

Pakistan detected first case of more infectious Omicron subvariant BA.2.12.1

The National Command and Operation Centre (NCOC) has confirmed the detection of Pakistan’s first case of the Omicron variant of the coronavirus,...

873

Pakistanis facing up to 18 hours of loadshedding amid worsening heat wave

Several parts of Pakistan witnessing extreme loadshedding for long durations amid worsening heat wave, disrupting daily life and businesses. While urban centres...

760

PM Shehbaz Sharif announces end to loadshedding from May 1

As crippling power outages continue, Prime Minister Shehbaz Sharif has issued the orders to end loadshedding in the country from May 1. ...

2.8K

Orange route of Metro bus service from Peshawar Morr to Islamabad Airport initiated

Prime Minister Shahbaz Sharif launched the Peshawar Morr to Islamabad Airport Metro Bus service. The project was expected to go functional in...

732

Beating all bumps, car sales grow 25% to 27,131 in March

Car sales rebounded in March after a decrease in February. Suzuki, Toyota, and Honda, Pakistan’s main three automakers, saw tremendous sales increase...

1.7K

85% of total one million pilgrims will be from outside Saudi Arabia for this year’s Hajj

85 percent of the total number of one million pilgrims will be from outside Saudi Arabia for this year’s Hajj and domestic...

1.3K

Rupee breaks all previous records against US dollar as political crisis intensifies

In the face of mounting political instability, the Pakistani rupee continued its record-breaking downtrend, falling below 188 for the first time in...

2.0K

Babar Azam breaks Imran Khan’s record of highest run scorer against Australia

Babar Azam, the captain of the Pakistan cricket team, set a new record by scoring 114 runs against Australia, leaving Prime Minister...

936

Rupee hits historic low of Rs 182.34 in inter-bank

The downfall of Pakistani rupee continued its record-breaking trend, when it hit a new all-time low at Rs 182.34 compared to the US...

1.1K

Pakistan hosts mega OIC meeting, China’s Wang Yi attends for first time

The 48th session of the Organization of Islamic Cooperation’s (OIC) Council of Foreign Ministers (CFM) began today at the Parliament House in Islamabad....

674

China Eastern Airlines Boeing 737 crashes in China with 132 people aboard

After an abrupt dive from high altitude, a China Eastern Airlines (600115.SS) Boeing 737-800 with 132 people on board crashed in the...

2.1K

Babar Azam’s heroic 196 help Pakistan save second Test match vs Australia

With skipper Babar Azam blasting an incredible century (196), Pakistan cricket team performed a stunning inning against Australia to draw the second...

923

ECC approves Rs 8.2 billion subsidy for Ramazan relief package

A total of Rs 8.28 billion Ramazan package has been approved by the Economic Coordination Committee (ECC) of the Cabinet under which...

1.0K

India regrets accidental firing of nuclear-capable BrahMos missile that landed in Pakistan

India’s military unintentionally fired a missile into Pakistan, according to the defence ministry in New Delhi, which described the incident as “very...

1.2K

Ehsaas Rashan Riayat Program launched to provide 30% monthly subsidy on daily use items

Prime Minister Imran Khan launched the Ehsaas Riayat Rashan Program in Islamabad, which would provide a thirty percent monthly subsidy to twenty...

773

NayaPay secures $13 million funding round to expand Pakistan’s digital payments

A Pakistan-based fintech platform, NayaPay, has raised $13 million in one of the biggest seed rounds in South Asia. Bringing together a...

986

Numbeo ranks Pakistan among least expensive countries in world

Numbeo, the world’s largest cost of living database, has ranked Pakistan as the least expensive among the 139 countries of the world....

695

Suisse Secrets: Massive leak exposes how Credit Suisse served strongmen and spies

The Independent Organized Crime and Corruption Reporting Project, which uncovers crime and corruption, has announced the release of an exposé named “Suisse...

582

OGRA recommends Rs 8.50 hike in price of petrol

Oil and Gas Regulatory Authority (OGRA) has recommended Rs 8.50 per litre increase in the price of petrol and Rs 5.5 per...

2.4K

Bahrain offers permanent residency Golden Visa to eligible foreigners

In an effort to “promote the economy,” Bahrain announced the creation of long-term Golden Residency Visa for foreigners, following in the footsteps...

668

Fast-spreading new BA.2 Omicron subvariant likely to replace original Omicron

The BA.2 subvariant of the Omicron coronavirus variant, which has quickly taken over in Denmark, is more transmissible than the more common...

2.4K

Six-team PSL 7 set for Karachi, Lahore amid COVID protocols

All six PSL clubs have received the COVID-19 health and safety guidelines for the seventh edition of the Pakistan Super League (PSL)...

2.9K

Babar, Rizwan, Shaheen introduces new era of skill and dedication in Pakistani cricket

The most remarkable day for Pakistan cricket has been marked as the global cricket governing body International Cricket Council (ICC) has announced that national...

764

Oil refineries fear closure in February as demand wanes

Oil refineries concerned over the low demand projected by the power sector and as things are there will be a high risk...

671

Pakistan reports over 5,000 Covid-19 cases, the highest since August

Pakistan has recorded the highest number of Covid cases after five months with positivity rate surging to 9.45 percent, revealed NCOC. According...

1.2K

‘Futuristic’ MG Marvel-R EV arriving soon in Pakistan

MG has confirmed that its new Marvel-R electric SUV will be offered in Pakistan. Currently, the vehicle is not for sale; instead, MG...

929

22 dead as heavy snowfall traps tourists in their vehicles in Murree

After around 22 tourists died in their cars in Murree due to severe snowfall, the federal government has dispatched Pakistan Army and...

792

NCOC announces Omicron-driven fifth wave of Covid-19 in Pakistan

National Command and Operation Centre (NCOC) on Monday announced the start of Omicron-driven fifth wave of Covid-19 in Pakistan. The country reported...

1.3K

Real estate market main pillar of Pakistan’s economic growth in 2021

As the last year proved to be devastating for a number of segments of economy, from which a handful of areas showed...

1.1K

Pakistan Pavilion at Dubai Expo welcomes record 550,000 visitors in 82 days

Almost 550,000 people visited the Pakistan Pavilion at Expo 2020 Dubai in the United Arab Emirates in just 82 days since its...

1.5K

Pakistan’s bhang exports can reach $5 billion in next few years

Pakistan is attempting to gain a foothold in the multi-million dollar hemp (bhang) industry globally and the country is expected to reach...

1.0K

Pakistan tests indigenous Babur cruise missile with enhanced range

The Pakistan Army successfully tested a ‘enhanced-range’ version of the indigenously developed Babur Cruise Missile 1B, according to a statement from the...

2.4K

Babar and Rizwan partnership records are now miles ahead of everyone else

The Pakistan cricket team completed a record T20I run-chase against the West Indies team on Thursday, rewriting cricket history in the process...

651

Winter vacations in schools to begin from January 3

National Command and Operation Center (NCOC) has decided the rescheduling of winter vacations of education institutes on Friday and now winter vacations...

804

Toyota spending $35 billion to produce 3.5 million electric cars of 30 models by 2030

Toyota is investing more than $35 billion in electric vehicles to keep up with rival global manufacturers in the quest to produce...

958

10,000 units of Moto Edge X30 sold in less than 3 minutes in first sale

Lenovo China General Manager for mobile division confirmed that the company sold 10,000 units of Moto Edge X30 in less than 3 minutes after it...

2.5K

Pakistan becomes first team to record 18 T20I wins in a calendar year

The win in Karachi on Monday against West Indies has made Pakistan the only team to win 18 Twenty20 Internationals (T20I) in...

1.3K

Pakistan’s biggest expo center to be constructed in Faisalabad

Usman Buzdar, the Chief Minister of Punjab has given consent in principle for constructing the largest expo center of Pakistan in Faisalabad....

1.3K

Karachi’s first-ever modern mass transit Green Line bus service launched

Prime Minister Imran Khan has officially initiated the Green Line Bus Rapid Transit project in Karachi, a ray of hope for the...

1.5K

MG announces massive price increase for its HS, ZS models

Following the price increase by several other well-known brands due to the depreciation of the Pakistani rupee against dollar, MG Motors Pakistan...

892

FBR hikes property valuation rates by 100% to over 600% in one go

The Federal Board of Revenue (FBR) has increased the immovable property valuation rates in 40 major cities by 100 to 600 percent,...

878

Pakistan receives $3 billion loan from Saudi Arabia

The State Bank of Pakistan on Saturday received the much-awaited $3 billion loan from Saudi Fund for Development (SFD), as part of an...

2.0K

Omicron poses very high global risk, could outcompete Delta: Experts

According to experts, the Omicron coronavirus variant is expected to spread internationally, offering a “extremely high” global risk of infection surges that...

2.4K

Toyota Pakistan to launch Fortuner Legender and Hilux Revo Rocco

Not long ago the Toyota Indus Motor Company (IMC) released facelifted versions of the Fortuner and Hilux, two vehicles that are extremely popular...

908

Plan to provide gas to domestic consumers three times a day rolled back

Cabinet Committee on Energy (CCoE) on Thursday backed out of the plan to provide gas to domestic consumers three times a day....

735

Construction cost elevated by almost 40 percent to hit a new high

There has been an extraordinary upsurge in the cost of energy and petroleum products and high market demand, resulted in the increase in the...

2.4K

Wade’s onslaught ends Pakistan’s unbeaten run, puts Australia in T20 World Cup final

With a perfect record in the group stages – five wins out of five – Pakistani fans were stunned to see their...

516

Pakistani education activist Malala gets married in England

The youngest Nobel Peace Prize winner and Pakistan’s women education advocate Malala Yousafzai has gotten married in an intimate nikkah ceremony in Birmingham....

1.9K

KIA Stonic finally revealed: Everything you need to know

Lucky Motors has finally revealed all the key details of Kia Stonic B-segment crossover. KIA Pakistan announced the launch of its new...

886

Petrol hiked by Rs 8.03 and Diesel by Rs 8.14 to reach new historic high

Ministry of Finance announced the decision to hike petrol prices to new historic high in the wee hours of Friday and the...

574

PM Imran announces Rs 120 billion welfare package to ward off economic woes

Prime Minister Imran Khan has announced the ‘biggest welfare package in Pakistan’s history’ worth Rs 120 billion for the masses. On Wednesday, Prime...

2.5K

With a 45-run victory against Namibia, Pakistan become 1st team to qualify for semifinal

Pakistan advanced to the semi-finals of the T20 World Cup after defeating Namibia by 45 runs in Abu Dhabi – their fifth...

885

Government and banned Tehreek-e-Labbaik Pakistan reach agreement to end protest

The government on Sunday said an agreement has been reached with the banned Tehreek-e-Labbaik Pakistan (TLP) after the latest round of dialogue between the two...

733

Rupee recovers sharply to Rs 171.65 against US dollar

After Saudi Arabia stated that it was depositing $3 billion in the State Bank of Pakistan (SBP) to help bolster its foreign...

1.3K

Toyota Indus Motor profit grows 195% to Rs 5.42 billion in first quarter

The profit of Toyota Indus Motor Company (IMC) increased by 195 percent to Rs 5.42 billion in the first quarter of 2021,...

2.9K

Babar, Rizwan, Shaheen lead Pakistan to historic World Cup victory against India

Babar Azam and Mohammad Rizwan led Pakistan to victory over India, ending the Men in Green’s World Cup losing streak against the...

2.5K

T20 World Cup: England hammer Windies as defending champions out for 55

England avenged themselves by bowling West Indies out for a mere 55 runs in their first T20 World Cup match, thrashing the...

788

Days after India’s billion-dose milestone, Pakistan crosses 100 million vaccine landmark

Since the pandemic began in February this year, almost 100 million doses of Covid-19 vaccine have been administered across Pakistan. In a...

1.0K

Auto financing reached a new high of Rs 338 billion in September

Despite expanding supply chain challenges, delayed deliveries, rising rates of own money, and some other factors, demand for automobiles in Pakistan is...

682

Bitcoin jumps to new high above $67,000 after landmark ETF Listing

Bitcoin climbed to a record high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund...

943

India falls 9 ranks below Pakistan to 101 in Global Hunger Index 2021

According to Global Hunger Index (GHI) ranking published on Saturday, Pakistan’s score has risen while India’s has deteriorated on the Global Hunger Index...

882

FBR received 2.562 million tax returns and collected Rs 48.47 billion with the returns

The Federal Board of Revenue (FBR) has collected Rs 48.47 billion from 2.562 million income tax returns filed through the 15th of...

1.1K

Petrol price crosses Rs 137 per litre after massive hike of Rs 10.49

The government on Saturday increased the price of petrol by Rs 10.49 per litre taking its price to Rs 137.79 per litre...

999

New 400MW green hydrogen production plant expected to be made part of CPEC projects

A new 400 megawatts green hydrogen production plant is expected to be included in the China–Pakistan Economic Corridor (CPEC) projects. Oracle Power,...

715

Potential game-changer in the Covid battle, FDA authorization sought for molnupiravir

Molnupiravir pill developed by Merck (MSD) and Ridgeback Biotherapeutics has been hailed as a potential game-changer when it comes to treating Covid-19...

1.0K

CPEC power project in Sindh’s Thar Block-II generated 1838 local jobs

Thar Energy Limited (TEL) and ThalNova Power Thar Private Limited (TNPTL) Power Plant Projects at Thar Block-II have provided jobs to 1838...

3.1K

Shoaib Malik replaces injured Sohaib Maqsood in final T20 World Cup squad

All-rounder Shoaib Malik has been named as a replacement for the injured Sohaib Maqsood for the upcoming T20 World Cup in the...

2.7K

New Zealand Cricket confirm talks with Pakistan to reschedule tour for 2022 November

The New Zealand Cricket (NZC) has offered Pakistan Cricket Board (PCB) to reschedule the recently postponed ODI, T20 series of September. “New...

1.6K

$3.5 billion Karachi Coast development plan is latest addition to CPEC projects

Pakistan and China signed a memorandum of understanding for the development of the Karachi Coastal Comprehensive Development Zone during the most recent...

946

Exports to Japan jump by 24.2% to $50.6 million in Q1 despite Covid

Merchandize exports to Japan from Pakistan witnessed an increase of 24.21 percent to reach $50.6 million during the first quarter (Q1) of...

681

At least 20 died, over hundreds injured after a 5.9 earthquake struck Balochistan

A powerful earthquake collapsed at least one coal mine and dozens of mud houses in the Balochistan province early Thursday, killing at...

792

OPPO plans to export 5 million mobile phones from Pakistan every year

A big news has emerged recently as OPPO announced that the Chinese smartphone manufacturer is planning to export 5 million mobile phones from Pakistan every year. To achieve this target...

932

Key cabinet members among over 700 Pakistanis named in ICIJ’s Pandora Papers

On Sunday, the International Consortium of Investigative Journalists (ICIJ) released the “Pandora Papers,” which contain the names of over 700 Pakistanis. Key...

1.1K

Pakistan pavilion in Expo 2020 Dubai records 8,000 visitors on Day 1

The Pakistani pavilion in the star-studded Expo 2020 Dubai dubbed by organizers “the event of the century” attracted around 8,000 people on...

670

FBR surpassed first quarter tax collection target by Rs 186 billion

According to the provisional information, FBR has collected net revenue of Rs 1,395 billion during the first quarter of the current Financial...

807

Petrol price crosses Rs 127 as govt announces new rates for October

According to a notification from the Finance Division, the government hiked the price of petrol by Rs 4 effective October 1 due...

886

24 percent educated Pakistanis jobless right now

The graph of unemployment continues to rise across the country, the Pakistan Institute of Development Economics (PIDE) highlights that 24 percent of...

1.1K

Bahrain cryptocurrency exchange RAIN to launch in Pakistan

Pakistan’s first cryptocurrency exchange RAIN is all set to be launched soon, as all the arrangements related to the project have been...

1.3K

PTA allows import of 5 mobile devices for personal use in a year

The Pakistan Telecommunication Authority (PTA) has released the ‘Type Approval Technical Standards Regulations 2021,’ which permits the import of only five mobile devices...

1.1K

KIA stops bookings for Picanto and Sportage FWD over chip shortage

The shortage of the semiconductor chip is beginning to affect Pakistan’s automotive industry, as numerous popular vehicles have had their bookings halted...

684

Five million Chinese will be working in Pakistan in next four years

According to a leading public health specialist, about 5 million Chinese nationals will be working in Pakistan by 2025 as part of...

1.5K

First batch of 40 buses for Karachi’s Green Line project reaches from China

A batch of 40 buses for the Green Line bus rapid transit system (BRTS) reached Karachi, proving a ray of hope for...

877

Pakistani startups Sastaticket, Safepay feature on Forbes Asia ‘100 to watch’ list

Another new achievement-Pakistani startups are on the way to make their space in the international platform by fascinating wider international investment and...

2.7K

New Zealand ‘unilaterally’ decides to abandon Pakistan series

According to media reports, the New Zealand Cricket Board told the Pakistan Cricket Board and federal government on Friday that they had...

936

Diesel, petrol prices up by Rs 5 each for rest of September

The government raised petrol and diesel prices by Rs 5 per litre for the second half of the current month on Wednesday after a...

1.4K

Rupee slumps to an all-time low of 168.9 against the dollar

A decline of 85-paisa in the inter-bank market owing to the pressures caused by external payments, hauled the rupee to a record...

710

Here’s everything Apple unveiled at its big iPhone event

Apple announced plenty of new products at its event, including the iPhone 13 smartphone lineup, bigger Apple Watches, and new iPads. This is a...

2.0K

Construction of Dir motorway and Peshawar-D.I. Khan motorway gets ECNEC approval

The Executive Committee of the National Economic Council (ECNEC) on Friday has approved three mega projects worth Rs 340 billion including Dir...

861

Remittances see 10 percent increase in first two months of FY22

Pakistan has received $5.364 billion in remittances during the first two months of the fiscal year 2021-22 (2MFY22), showed an increase of...

917

Banks okay Rs 59 billion loans under Mera Pakistan Mera Ghar scheme

According to the statement of State Bank of Pakistan, issued on Wednesday, more than Rs 59 billion have been approved for disbursement under...

1.4K

Rupee falls to 13-month low of 168.08 against dollar as trade week closes

The rupee ended the day weaker and lost 0.26 percent against US dollar, according to today’s inter-bank closing exchange daily report. The US dollar’s...

1.0K

NEPRA approves Rs 1.38 per unit hike in power tariff

On Friday, the National Electric Power Regulatory Authority (NEPRA) approved an increase of Rs 1.38 per unit in power tariff. According to an order...

1.2K

Morgan Stanley downgrades Pakistan Stock Exchange from emerging to frontier

The Morgan Stanley Capital International (MSCI) has announced to cut down Pakistan Stock Exchange (PSX) among reduced progressive economies into Frontier Markets...

842

Exports of services up 6.39 percent to $483 million in first month of FY22

Pakistan Bureau of Statistics presented a report on Saturday, illustrating that exports of services have been increased by 6.39 percent to $483...

2.6K

Airblue announced ticket of Rs 4,847 from Karachi to Lahore

The most fascinating proposal by Pakistan’s leading airline-Airblue, has lessened the ticket price for citizens travelling from Karachi to Islamabad and Lahore...

705

First HVDC power transmission project under CPEC becomes operational

The first China-Pakistan Economic Corridor (CPEC) power transmission project, the 660kV High-Voltage Direct Current (HVDC) Matiari-Lahore transmission line, started commercial operations on...

954

Pakistan to launch national emergency helpline ‘PEHEL 911’ to curb crime

The government has decided to launch Universal Pakistan Emergency Helpline (PEHEL) -911 in the first week of October 2021, in order to...

1.2K

36 Pakistani universities feature in Times Higher Education ranking

A great achievement in Pakistan education sector, at least thirty six private and public sector universities of Pakistan have been featured Times...

751

China will be our main partner in rebuilding Afghanistan: Taliban

With the help of China, the Taliban will fight for an economic comeback in Afghanistan. According to Taliban spokesman Zabihullah Mujahid, Afghanistan’s economic future...

582

Kashmiri leader Syed Ali Geelani laid to eternal rest amid strict curfew

Indian authorities cracked down on public movement and imposed a near-total communications blackout in the occupied Kashmir on Thursday after the death...

995

Overseas Pakistanis can now redeem cash-rewards for sending remittances

The government is going to allow the remitters to redeem in-cash rewards for the points earned for sending remittances to Pakistan through...

809

US completes withdrawal of forces from Afghanistan after 20-year war

On Monday, the United States (US) concluded its withdrawal from Afghanistan, bringing an end to a 20-year war that resulted in the...

673

Schools in Sindh with 100% vaccinated staff reopen for in-person learning

Public and private schools in Sindh including Karachi that have vaccinated their teachers and other members of staff reopened for in-person learning...

982

Construction of 7,000 units completed under PM low-cost housing scheme

The Prime Minister Low Cost Housing Scheme, launched by the ministry of housing and works, provides qualified families with financial help up to Rs 5000,000...

779

23 national parks been developed in Pakistan to deal with climate change

At least 23 national parks have been established in Pakistan in addition to planting one billion trees to overcome climate change. On...

728

2 suicide attacks outside Kabul airport kill multiple US soldiers among others

Two suicide bombers and gunmen attacked crowds of Afghans flocking to Kabul airport Thursday killing at least 13 people and 15 wounded....

640

Pakistan and Turkey could be moved off red list in UK Covid travel update

Pakistan and Turkey are likely to be removed from the UK’s travel red list as their governments meet on Thursday to revise...

3.1K

Shaheen Afridi becomes pacer with most Test wickets in 2021

After his 18-wicket haul during the Test series against the West Indies in Jamaica, Shaheen Shah Afridi has become the fastest bowler in the...

818

Pakistan gets $2.77 billion from IMF’s $650 billion allocation of free money

IMF’s biggest ever allocation of $650 billion free money came into effect from Monday and also brought in additional funding of around...

712

After Ford, Nissan, BMW, Toyota is cutting production by 40% over chip shortage

Toyota will slash global production some 40 percent in September as it finally feels the bite of the pandemic and the global...

835

Schools in Sindh to remain closed for another week and open from Aug 30

Schools in Sindh province are going to be opened on August 30 with 50 percent attendance, SOPs made mandatory to be followed. On...

1.3K

Punjab to launch Rescue 1122 air ambulance service

Punjab government is going to launch Rescue 1122 Air Ambulance service, becoming the first province in the country. On Monday, while speaking...

928

SME Asaan Finance introduced for SMEs to get loans without collateral

The State Bank of Pakistan (SBP) has introduced a financing scheme for Small and Medium Enterprises (SMEs) called SME Asaan Finance, enabling...

2.5K

Pak Suzuki to finally discontinue its Bolan and Ravi in Pakistan

Pak Suzuki Motors plans to phase out the Bolan minivan and Ravi truck after nearly 40 years and replace them with the...

760

Taliban take control of presidential palace as Afghan President Ghani flees country

The Taliban has taken control of Afghanistan’s presidential palace after both President Ashraf Ghani and his deputy, Vice-President Amarullah Saleh, left the...

763

Nation Celebrates 75th Independence Day with Traditional Zeal

The Pakistani nation is commemorating the 75th anniversary of its independence today with typical enthusiasm, as well as special activities to honour elders’ and...

1.1K

Rs 10 billion fund established for IT industry to enhance tech exports

The government has approved the establishment of a Rs 10 billion fund for providing cash rewards to IT companies against their exports. In a meeting...

789

Lucky gets permission by PTA to set up assembly plant for Samsung phones

PTA has authorized Lucky Motor Corporation Limited (LMCL) to manufacture Samsung mobile devices in Pakistan. On Tuesday, Pakistan Telecommunication Authority (PTA) announced...

1.2K

Changan Motors all set to enter the Crossover SUV market with its ‘Uni-K SUV’

Master Changan Motors Limited (MCML) is planning to expand its market share in Pakistan by introducing crossover SUV and possibly a pickup...

851

PM Imran inaugurates “world’s biggest” Miyawaki urban forest

Prime Minister Imran Khan has inaugurated “the world’s biggest” Miyawaki urban forest in Lahore, which is seen as a major step towards implementing government’s...

2.6K

Tokyo Olympics: Arshad Nadeem qualifies for final javelin throw competition

Arshad Nadeem of Pakistan made history on Wednesday by qualifying for the final of the Tokyo Olympics javelin throw competition. Arshad Nadeem is...

1.1K

Rupee hits near 10-month low against US dollar

Rupee hit almost 10-month low at Rs 163.67 against the US dollar in the inter-bank market due to increase in demand for...

1.3K

Toyota, Suzuki set new records for most car sales in Pakistan

Leading auto manufacturers in Pakistan, Toyota and Suzuki have posted record monthly sales of vehicles in the month of July. Pak Suzuki...

906

Pakistan’s internet penetration stands at 54 percent

Pakistan’s internet penetration stands at 54 percent during this year, with almost half accessing the facility every day. A new study has...

950

Pakistan records 9% rise in regional exports of fiscal year 2021

Pakistan’s exports regional countries saw a growth of 9.14 percent while imports grew by nearly 36 percent in FY21 from a year ago. ...

1.3K

Pakistan set to export mobile phones in January 2022

Pakistan is going to export mobile phones in January 2022 as Chinese company is setting up a mobile phone manufacturing factory in Karachi, announced Razak Dawood. On...

1.2K

‘New’ 6th generation Honda City launched with price starting from Rs 2,599,000

Honda Atlas Cars Limited (HACL) has officially launched the 6th generation City in Pakistan, making the subcompact sedan category in Pakistan significantly...

710

Food inflation: Sugar, ghee and flour prices rise at utility stores

The price of food items at the utility stores has been increased, the Utility Stores Corporation has notified the new prices. The...

581

IMF acknowledges growth in Pakistan’s economic activity

IMF has acknowledged the country’s stronger economic activity and believed the global economy to expand by 6 percent this year. On Tuesday, the International Monetary Fund...

750

Over 50,000 saplings, trees to be planted under monsoon plantation drive

Prime Minister Imran Khan has launched monsoon plantation drive and asked people to fully participate in the tree plantation campaign to enhance...

961

Record number of vehicles stuck in traffic jam enroute to Kaghan Valley

During Eidul Azha, about 700,000 tourist vehicles reached the Kaghan Valley in the district of Mansehra in Khyber Pakhtunkhwa, causing enormous road blockades and traffic jams. ...

837

Rising house rents prop up inflation in 2020-21

The State Bank of Pakistan (SBP) on Monday issued its Inflation Monitor for June 2021 declaring house rents as prime contributor following...

603

Here’s why delta variant is spreading much faster than other strains of COVID-19

In a major development, scientists have succeeded to discover why Indian Delta COVID-19 variant is spreading faster around the world as compared...

1.8K

Price of Pakistan’s first Jolta electric bike revealed

Prime Minister Imran Khan unveiled Pakistan’s first locally built electric bike (E-Bike) last week and now the price of the bike has now been...

704

LSMI output grows 37 percent in May, 14.56 percent in 11 months

The output of Large-Scale Manufacturing Industries (LSMI) increased by 14.57 percent in July-May 2020-21 compared to 11MFY20. According to the Pakistan Bureau...

727

Bank deposits surge to all-time high in FY21

Around Rs 16.2 trillion were the bank deposits on June 30, 2020, whereas, the deposits reached the height of Rs 19.8 trillion on the...

774

Remittances in Pakistan soar all time high to $29.4 billion in FY21

Pakistan has recorded an almost two-decade high growth rate in remittances from abroad, as overseas Pakistanis remitted $29.4 billion during the fiscal...

1.1K

Pakistan launching Salt project worth $750 million in Gwadar

Pakistan is launching the Sun Salt project worth $750 million in Gwadar, Balochistan, the first phase of which after completion will bring...

935

Why is the Delta variant such a worry?

While Australians are focused on the mayhem the Delta variant is inflicting on its shores, Delta is actually causing COVID outbreaks all...

886

Government to investigate why PayPal is not operating in Pakistan

On Wednesday, a parliamentary committee ordered the finance secretary to convene a conference with all parties to investigate why PayPal is not...

1.1K

Samsung in talks with Korean companies for setting up cellphone assembly in Pakistan

Samsung has been in talks with three investors about establishing a mobile manufacturing facility in Pakistan after Minister Hammad Azhar shared news...

688

Worried with new Covid variants, KP to acquire latest sequencing machine

The KP health department wants to acquire latest machine to be installed to retest Covid-19 positive samples and detect emerging Indian and other...

1.4K

Toyota reduces prices of all local cars by up to Rs 400,000

After government announced Pakistan’s new Auto Policy 2021-2026, Toyota Indus Motor Company (IMC) has reduced the prices of all local cars by...

751

NCOC confirms presence of Alpha, Beta, and Delta variants in Pakistan

National Command and Operation Centre (NCOC) has confirmed the presence of different variants of coronavirus in Pakistan, including the delta (Indian), beta...

814

Pakistan Post opens first Amazon facilitation centre

Pakistan Post has established Amazon Facilitation Centre to facilitate garments manufacturers and exporters on behalf of the government after becoming Amazon’s official...

882

Pakistan ranked third in Global Normalcy Index by The Economist

Pakistan has ranked third in The Economist’s Global Normalcy Index, out of 50 countries. Many have pondered when the world will return...

968

‘AirCar’ flying car completes an intercity test run between two airports

The flying cars are the next step after zero-emission engines and electric vehicles. Your personal private jet is now the AirCar, the Flying...

908

PIBs attract net inflow of $256 million in 12 months

Foreign investment in Pakistan Investment Bonds (PIBs) attracted a cumulative net inflow of $256 million during the outgoing financial year. During the...

1.7K

Pakistani investors pump billions into Dubai’s real estate in 2021 alone

Pakistani investors have pumped in 1.2 billion dirhams (Rs 51,685 crore) into real estate market of Dubai over the past five months....

1.1K

Pakistan among top 15 countries in the world in cryptocurrency adoption

Pakistan is now among the top 15 countries in the world in terms of cryptocurrency adoption according to the ranking of blockchain...

3.3K

Launch date of two variants of Hyundai Sonata revealed

Hyundai Nishat Motor Pvt. Ltd is all set to launch the much-awaited Hyundai Sonata 2021 in Pakistan next week on 5 July...

670

47% growth seen in Pakistan’s IT exports from July-May in fiscal year 2020-21

According to figures given by the State Bank of Pakistan, Pakistan’s IT exports increased by 47% from July to May in fiscal...

678

Pakistan reports lowest daily death toll in third wave of coronavirus pandemic

After a long time in a dangerous deadly third wave, Pakistan has recorded the lowest daily death toll with 20 new fatalities...

851

Customs duty collection from 13 major sectors rise by 26.58%

The Federal Board of Revenue (FBR) raised nearly 70 percent of the total customs duty collection from 13 major sectors. An amount of...

944

Karachi, Islamabad among world’s cheapest cities to live in 2021

The world’s cheapest cities to live in have been revealed by Mercer’s 27th annual Cost of Living Survey that analysed data from 209 cities...

1.7K

Multan Sultan beat Peshawar Zalmi to clinch PSL 6 title

The Mohammad Rizwan-led Multan Sultans completed a fairy tale run in Abu Dhabi on Thursday night, clinching their first PSL title at the Zayed...

1.8K

PSL 2021 final: Peshawar Zalmi’s Haider Ali, Umaid Asif suspended for bio-secure breach

Haider Ali and Umaid Asif have been suspended from Thursday’s PSL 6 final against Multan Sultans after admitting to breaking health and safety rules....

870

Textile and clothing exports jump to $13.7 billion in eleven months

Pakistan’s exports of textile and clothing rebounded during July 2020 to May 2021 mainly due to value-added sectors and posted a robust growth of 19% as...

959

COVID-19: PIA to resume flight operations to Canada

Canada has permitted Pakistan International Airlines (PIA) to restart flights to Toronto, which were previously halted owing to an increase in Covid-19...

1.8K

Islamabad United breaks record to score the highest in PSL history

In their match against Peshawar Zalmi, Islamabad United broke the record and scored the highest total in Pakistan Super League (PSL) history....

996

Analysis: Budget 2022 and its impact

After the announcement of budget 2022, there has been a mixed public reaction to the budget’s presentation. People are divided as some are...

843

Sindh govt employees to get 20pc pay raise in tax-free Rs 1478 billion budget

The Sindh government has increased salaries of government employees by 20 percent in the budget 2021-22, the minimum income also increased by 43% from Rs...

1.3K

Large-scale manufacturing expands by 68pc in April, 13pc in 10 months of FY 2021

Large-Scale Manufacturing (LSM) in Pakistan has seen a growth of 68.07 percent in April whereas, the sector’s output grew 12.84 percent in...

1.5K

Saudi allows women to register for Hajj 2021 without male dependent

Saudi Arabia has made it possible for women to register for the annual Hajj trip in 2021 without the need for a...

675

Mosquitoes armed with Wolbachia bacteria sharply curb dengue infections

A strategy for fighting dengue fever with Wolbachia bacteria-armed mosquitoes has passed its most rigorous test yet: a large, randomized, controlled trial....

834

Govt’s people-friendly budget for fiscal year 2021-22 targets 4.8% GDP growth

With a target of 4.8% growth rate, the PTI government has unveiled the federal budget for the fiscal year 2021-22 to turn...

876

Price of Pakistan’s cheapest electric vehicle MG ZS EV revealed

The MG ZS EV’s price has finally been disclosed. The pricing of MG ZS Electric Vehicle (EV) is Rs. 68,50,000, according to MG...

923

Moderate to heavy rainfall to hit several cities from Friday to Monday

The Pakistan Meteorological Department has warned of moderate to heavy rainfall in several cities in the East and Central parts of Pakistan from Friday and to Monday. According to...

630

Around 300,000 fail to turn up for second dose of Covid vaccine

The government is constantly trying to create awareness among people regarding the need and importance of vaccination but on the other hand,...

679

Two express trains collide in Sindh’s Ghotki leaving at least 36 passengers dead

A collision between two passenger express trains in Sindh’s Ghotki district killed at least 36 people and injured 64 on Monday. The Millat Express...

764

Board exams for grade 9-12 to be held after July 10 only for elective subjects: Shafqat

The board exams for grade 9th, 10th, 11th and 12th will be held after 10th July across Pakistan, announced Shafqat Mahmood. On Wednesday, Federal Education Minister Shafqat Mahmood has...

839

Pakistan launches locally processed PakVac Covid-19 vaccine

Pakistan on Tuesday launched the locally produced single-dose PakVac COVID-19 vaccine under the supervision of Chinese experts. Beijing transferred the technology, and...

1.8K

PSL 2021: Former Pakistan skipper Sarfaraz, five others finally issued UAE visas

According to the Pakistan Cricket Board (PCB), out of 13 people whose visas had been delayed, six PSL players have been issued...

895

Pakistan reports higher-than-expected GDP growth at 3.94 percent for FY21

Pakistan reports that its GDP is on course to grow nearly 4 percent in the fiscal year that ends in June, almost...

752

Remittances rise to an all-time high of $2.8 billion in April

Remittances by overseas Pakistanis rose to an all-time high of $2.8 billion in April, showing growth of 56 percent higher than a...

627

More bombing on Gaza by Israel as Hamas official predicts ceasefire soon

Israel and Hamas militants in Gaza continued their cross-border attacks Thursday, as a senior Hamas official predicted a ceasefire soon. The escalation...

653

Biden tells Netanyahu to de-escalate tensions with Hamas

US President Joe Biden has told Israel’s prime minister Benjamin Netanyahu he expects to see a significant de-escalation in its conflict with...

1.7K

Mohammad Amir reveals his plan to play in IPL after getting British citizenship

Mohammad Amir, a former Pakistan bowler, stunned the cricketing world when he announced his retirement from international cricket last year at the...

739

Death toll of Israeli airstrikes on Gaza rises to 212; Dozens of children killed

The Palestinian Ministry of Health announced on Monday that the death toll from Israeli airstrikes on Gaza has grown to 212, 61...

634

Pakistan’s education system faces unprecedented crises amid third COVID wave

Pakistan’s education system has faced unprecedented crises in the past Covid-grappled year which is resulting in huge learning losses for the students....