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 […]

NEPRA Approves Tariff Reduction as Power Bills Loom Over Pakistani Households

On Wednesday, NEPRA formally approved a Rs1.15 per unit cut in Pakistan’s base electricity tariff, following a submission by the federal government aimed at moderating power bills amid growing economic pressure. The regulatory authority released a statement from Islamabad confirming the rate reduction, which will come into force once the government issues the official notification. […]

Cloud Cover and Rain Persist in Karachi as PMD Warns of More Showers and Urban Flooding

Karachi experienced another rainy morning on Saturday as thick clouds hovered above the city and drizzle was reported from multiple neighborhoods. The Pakistan Meteorological Department (PMD) confirmed that light showers are expected to continue intermittently through Sunday, June 29, driven by a westerly wave system currently active over Sindh. Weather reports indicate that the city’s […]

Islamic New Year 1447 Begins with Ceremonial Replacement of Kaaba’s Kiswa

The Islamic calendar year 1447 AH began with one of the most revered religious rituals in the Muslim world: the annual replacement of the Kiswa, the black cloth that envelops the Holy Kaaba in Makkah. The General Presidency for the Affairs of the Grand Mosque and the Prophet’s Mosque led the ceremonial replacement, an event […]

India Creates Unwanted History as England Seals Record-Breaking Test Victory

In a dramatic turn of events at Headingley, India etched an unfortunate record into the cricketing history books, becoming the first team ever to lose a Test match despite five of their batters reaching triple figures. England, led by a blistering innings from opener Ben Duckett, mounted an astonishing comeback on day five, chasing down […]

New Fare Structure for Peshawar BRT to Take Effect on July 1

TransPeshawar, the authority behind the Bus Rapid Transit (BRT) network in Peshawar, has declared a new fare regime that will be implemented on July 1, 2025. The updated fares will affect thousands of commuters who rely on the BRT system daily for affordable and efficient public transportation. As per the revised schedule, each stop will […]

Xiaomi and Gran Turismo announce partnership

Lahore, Pakistan, June 16, 2025 — Xiaomi and Polyphony Digital today announced a landmark partnership at Round One of the Gran Turismo World Series 2025. Under this collaboration, Xiaomi SU7 Ultra — Xiaomi EV’s top-of-the-line high-performance luxury electric vehicle — will debut in the globally acclaimed racing simulator Gran Turismo 7, for PlayStation 4 and […]

Uzbekistan Airlines Launches Islamabad-Tashkent Route, Signaling Stronger Economic and Cultural Bonds

The aviation sector in Central and South Asia witnessed a significant development as Uzbekistan Airlines officially commenced its direct flights from Islamabad to Tashkent. The first flight, HY466, lifted off from Islamabad International Airport carrying 126 passengers and was met with celebrations that blended tradition, hospitality, and ambition. The departure ceremony was staged with care […]

Sudheer Withdraws Charges, Forgives Salman Farooqi in DHA Assault Trial

The Karachi assault case involving businessman Salman Farooqi saw a dramatic turn on Thursday as the victim, Sudheer, officially pardoned the accused during a session at the South Judicial Magistrate’s Court. Sudheer’s appearance in court marked a crucial moment in the trial. Initially unaware of the summons, he told the court he was informed of […]

LESCO Vows No Load Shedding for Eid-ul-Adha Festivities

As Eid-ul-Adha approaches, Lahore residents can rest easy knowing that the Lahore Electric Supply Company (LESCO) has pledged to maintain an uninterrupted electricity supply throughout the holidays. In an official statement, a LESCO spokesperson confirmed that the company has put comprehensive measures in place to eliminate any possibility of load shedding during Eid. LESCO has […]

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