Prime Minister Shehbaz Sharif has officially launched the “Roshan Pankha, Roshan Pakistan” program, an energy-efficiency initiative aimed at replacing 10 million old and inefficient ceiling fans with modern energy-saving models across the country. The initiative is expected to significantly reduce household electricity consumption, with projected savings of up to Rs. 12,000 per fan in annual […]
Bank Al Habib’s 2025 Profit Falls 23% Amid Lower Policy Rate and Rising Costs
Bank Al Habib (PSX: BAHL) has reported a consolidated profit-after-tax (PAT) of Rs. 32.46 billion for 2025, marking a 23 percent year-on-year decline. The drop in earnings has been attributed to a reduction in the policy rate and increased operating expenses during the year. The banking sector has been adjusting to a changing interest rate […]
Govt to Unveil Ramazan Relief Package Today
The federal government is set to announce its Ramazan Relief Package today, aimed at providing financial relief to citizens ahead of the holy month. A special ceremony will be held at the Prime Minister’s House, where Prime Minister Shehbaz Sharif will formally unveil the package. Senior government officials are expected to attend the event. While […]
Soneri Bank Evaluates Acquisition Opportunities to Expand Business Portfolio
Soneri Bank Limited has announced plans to explore a potential acquisition as part of its broader strategy to diversify business operations and strengthen long-term growth prospects. The development was formally disclosed through a notice submitted to the Pakistan Stock Exchange. According to the filing, the bank’s board of directors has granted authorization to the President […]
State Bank of Pakistan Approves Designs of New Currency Notes, Awaits Federal Clearance
The State Bank of Pakistan has confirmed a major development regarding the country’s currency system, announcing that the designs of new banknotes have been finalized. Governor State Bank Jameel Ahmad shared that the proposed designs have already been approved by the State Bank Board and forwarded to the Ministry of Finance for further action. The […]
Sindh Wheat Scandal Deepens as Thousands of Sacks Vanish from Jamshoro Warehouse
A serious governance and accountability crisis has emerged in Sindh after officials confirmed that tens of thousands of wheat bags have gone missing from a government warehouse in Jamshoro district. The discovery has triggered an anti-corruption investigation and raised fresh concerns about mismanagement and alleged bribery within the provincial food supply system. Authorities revealed that […]
FPCCI Launches Pakistan’s First Indigenous Transparency and Accountability Index
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched Pakistan’s first indigenous Transparency and Accountability Index, marking a significant step toward measuring public trust in state institutions through a locally developed framework. The initiative aims to provide an objective, data-driven benchmark to assess transparency standards across the country. The Index of Transparency […]
Govt Announces Rs. 4.04 Per Unit Power Relief for Industries
The federal government has announced significant electricity cost relief for industrial consumers, reducing power tariffs by around Rs. 4.04 per unit after Prime Minister Shehbaz Sharif approved the complete removal of cross-subsidy charges from industrial power bills. Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari said the decision follows the prime minister’s directive […]
Gold Prices Surge by Rs118,000 per Tola in Just 29 Days, Setting Historic Record
Gold prices in Pakistan have witnessed an unprecedented surge, rising by Rs118,000 per tola within a span of just 29 days. The sharp increase has sent shockwaves through local bullion markets, marking one of the fastest price escalations in the country’s history. According to market data, the price of gold per tola has climbed from […]
Mining Emerges as a New Pillar of Pak–China Economic Cooperation
Mining and minerals are rapidly taking center stage in Pakistan–China economic relations, signaling a shift toward deeper industrial collaboration beyond traditional infrastructure and energy projects. This evolving partnership was clearly reflected at the Pak–China Mineral Cooperation Forum held at the Jinnah Convention Centre in Islamabad, which drew strong participation from both countries. The forum brought […]