Saudi Arabia is reportedly engaged in high-level discussions with the United States to finalise a defence pact that could be signed during Crown Prince Mohammed bin Salman’s upcoming visit to the White House next month, according to a report by the Financial Times. Citing individuals familiar with the matter, the report states that both sides […]
Pakistan, IMF Reach Staff-Level Agreement Worth $3.3 Billion Under EFF and RSF
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), a major step signaling renewed confidence in Pakistan’s economic management and reform progress. The agreement covers the second review of the EFF and the first review of the RSF, with […]
Pakistan’s domestic debt surpasses Rs54 trillion amid soaring interest payments
Pakistan’s domestic debt has hit an all-time high, crossing Rs54.47 trillion as of June 2025, reflecting a massive increase of over Rs28 trillion within just five years. The surge underscores the country’s growing reliance on internal borrowing to bridge fiscal gaps and finance its expanding budgetary needs. According to official data released by the Ministry […]
UK Ex-PM Rishi Sunak Lands Senior Roles at Microsoft and Anthropic
Former UK Prime Minister Rishi Sunak has officially taken up two high-profile advisory roles at leading US technology firms Microsoft and Anthropic, marking his entry into the global tech and artificial intelligence sectors after his political career. According to documents released by the Advisory Committee on Business Appointments (ACOBA), Sunak will serve as a part-time […]
Punjab Government to Procure Wheat from Farmers at Rs3,500 per 40kg
The Punjab government has finalized an agreement with the private sector to purchase wheat from farmers at a fixed rate of Rs3,500 per 40 kilograms, marking a significant step to support the province’s agricultural community. The decision was made during a high-level meeting chaired by Chief Minister Maryam Nawaz Sharif in Lahore, as reported by […]
Gold Price in Pakistan Holds Steady Amid Global Market Stability
The gold price in Pakistan remained stable on Friday, reflecting similar steadiness in international markets. According to the latest updates, the rate of 24-karat gold per tola stood firm at Rs407,778. Likewise, the price of 10 grams of 24-karat gold remained unchanged at Rs349,603, while 10 grams of 22-karat gold was recorded at Rs320,481. This […]
Pakistan and Austria Vow to Strengthen Bilateral Cooperation
Prime Minister Shehbaz Sharif and Federal Chancellor of Austria, Christian Stocker, held a cordial meeting on the sidelines of the 80th session of the UN General Assembly in New York on Tuesday. Both leaders reaffirmed their commitment to advancing bilateral cooperation in a range of sectors. During the discussion, Prime Minister Shehbaz Sharif emphasized Pakistan’s […]
Pakistan-China Defence Ties Symbolize Resilience, Trust: COAS Asim Munir
PLA’s 98th Anniversary Celebrated at GHQ with Emphasis on Regional Peace and Bilateral Strength At an event commemorating the 98th founding anniversary of the People’s Liberation Army (PLA) of China, Chief of Army Staff Field Marshal Syed Asim Munir praised the long-standing military and diplomatic partnership between Pakistan and China, referring to it as a […]
IMF Blocks Discounted Power Plan for Industries Over Recovery Concerns
In a setback to Pakistan’s efforts to support industrial growth, the International Monetary Fund has declined a proposed discounted energy package put forth by the Ministry of Energy, sources familiar with the matter confirmed on Friday. The proposed plan intended to offer cheaper electricity derived from surplus national generation capacity — estimated at 8,000 megawatts […]
Bank Makramah Limited Accelerates Recapitalization with Major Capital Injections and Strategic Asset Sale, Signaling Robust Future Growth
Karachi, July 4, 2025 – Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance […]