Pakistan’s interest payments on foreign loans have climbed sharply over the past three years, increasing by 84 percent to reach $3.59 billion. The surge highlights the growing financial strain linked to external borrowing and rising global lending costs. The jump in interest payments reflects the country’s increasing reliance on commercial loans, which typically carry higher […]
FBR to Auction Bahria Town’s 527 Kanal Murree Property on March 5
The Federal Board of Revenue (FBR) is set to auction 527 kanals of land owned by Bahria Town in Tehsil Murree on March 5, 2026, to recover approximately Rs. 26 billion in unpaid income taxes for the tax years 2020 and 2022, according to sources. The auction will take place at the Large Taxpayers Office […]
Pakistan and United States Sign MoU to Redevelop Roosevelt Hotel in New York
The governments of Pakistan and the United States have signed a Memorandum of Understanding (MoU) to advance cooperation on the future of the historic Roosevelt Hotel in New York. The agreement marks a significant step in bilateral economic collaboration. The strategic initiative focuses on the operation, maintenance, renovation, and potential redevelopment of the property. Officials […]
International Oil Prices Hover Near $70 per Barrel as US–Iran Talks Create Market Uncertainty
International oil prices moved closer to the $70 per barrel mark on Wednesday as global markets reacted to mixed signals surrounding potential nuclear negotiations between the United States and Iran. The uncertainty over whether diplomatic progress could lead to eased sanctions on Iranian oil exports has injected fresh volatility into energy markets. Brent crude futures […]
OGDC Boosts Oil Output at Kal-03 Well in Chakwal After Successful Workover
Oil and Gas Development Company Limited has announced a notable increase in oil production from its Kal-03 well located in Chakwal District. The improvement follows a successful workover operation aimed at enhancing the well’s performance and optimizing output. Before the intervention, the Kal-03 well was producing approximately 50 barrels of oil per day under natural […]
National T20 Cup Qualifier 2026 Schedule Announced
The National T20 Cup Qualifier 2026 is set to begin on February 14, with all matches scheduled at Lahore’s iconic Gaddafi Stadium. The tournament will bring together regional teams competing for a place in the main event. According to the official fixture list released by the Pakistan Cricket Board, the competition will feature two pools. […]
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 […]
Traffic Plan Announced for New Underpass Construction in Islamabad
Islamabad Police have announced a comprehensive traffic management plan in response to ongoing construction work at the Margalla Enclave underpass on Park Road. The advisory has been issued to inform motorists about temporary route changes and to minimize inconvenience during the development phase of this key infrastructure project. According to officials, the construction activity may […]
Public Pays Full Fare Despite Punjab Government’s Basant Free Ride Promise
The Punjab government’s announcement of free ride-hailing services during the three days of Basant failed to materialize, leaving citizens frustrated as they were charged full fares despite official assurances of relief. Authorities had earlier stated that tens of thousands of complimentary rickshaw rides would be offered daily as part of a special public facilitation initiative […]