Pakistan’s struggling economy received a major financial boost as Saudi Arabia renewed its long-standing economic support, extending a $1 billion oil facility and rolling over $5 billion in deposits placed with the State Bank of Pakistan (SBP), according to confirmation from the Finance Ministry. The extension underscores Riyadh’s continued commitment to Pakistan’s financial stability, especially […]
PIA Resumes Flights to the UK After Five Years
First Islamabad–Manchester flight takes off as Pakistan and UK celebrate restored air link After more than five years, Pakistan International Airlines (PIA) has officially resumed direct flight operations to the United Kingdom, marking a major milestone in the airline’s comeback efforts. The first flight, PK-701, departed from Islamabad to Manchester on Saturday, restoring a long-suspended […]
Pakistani Scientist Dr. Muhammad Mujtaba Wins Finland’s Young Researcher Award 2025
Pakistani scientist Dr. Muhammad Mujtaba, currently based at VTT Technical Research Centre of Finland, has been honoured with Finland’s Young Researcher Award 2025 for his pioneering work on developing eco-friendly, bio-based materials that could transform industries reliant on plastics and chemicals. Dr. Mujtaba’s award-winning project, titled CELLIGHT, focuses on creating sustainable alternatives to toxic minerals […]
IMF Raises Concerns Over Pakistan’s Wheat Policy; Govt Clarifies No Fixed Support Price
The International Monetary Fund (IMF) has expressed concern over Pakistan’s newly approved wheat policy, which initially appeared to include a minimum support price (MSP) mechanism — a move the Fund viewed as potentially market-distorting. According to sources within the Ministry of National Food Security & Research, the IMF sought immediate clarification after the policy’s approval, […]
NEPRA to Hear CPPA’s Plea for 37-Paisa Cut in Power Tariff on October 29
In welcome news for electricity consumers across Pakistan — including Karachi — the Central Power Purchasing Agency (CPPA) has filed a request with the National Electric Power Regulatory Authority (NEPRA) seeking a reduction of 37 paisa per unit in power tariffs under the monthly fuel cost adjustment (FCA) mechanism for September 2025. According to official […]
Salaried Class Becomes Top Tax Contributor Once Again in First Quarter of FY 2025-26
The salaried class has once again emerged as the highest contributor to Pakistan’s income tax revenue during the first quarter of the ongoing fiscal year, according to figures shared by the Federal Board of Revenue (FBR). The contribution saw a substantial rise as compared to the same period last year, highlighting the growing tax burden […]
Saudi Arabia Welcomes Pakistan-Afghanistan Ceasefire Pact, Backs Regional Peace Efforts
Saudi Arabia has welcomed the recent ceasefire agreement between Pakistan and Afghanistan, expressing strong support for all diplomatic initiatives aimed at ensuring peace and stability in the region. The ceasefire announcement follows a week of intense border clashes—the most severe between the two countries since the Taliban takeover of Kabul in 2021. The conflict, marked […]
CM Maryam Nawaz Approves Establishment of Punjab Heritage Tourism Authority
Punjab Chief Minister Maryam Nawaz Sharif has given formal approval for the establishment of the Punjab Heritage Tourism Authority, a major step toward promoting cultural preservation and tourism development across the province. According to reports from 24NewsHD, following the Chief Minister’s approval, the summary will now be forwarded to the provincial cabinet for final endorsement. […]
Saudi Arabia in Talks with US for Defence Pact: Report
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 […]
Trump Says He Averted Pakistan-India War Using Trade and Tariff Threats
Former U.S. President Donald Trump has claimed that his administration helped de-escalate a potential war between Pakistan and India by using trade leverage and tariff threats as diplomatic tools. Speaking from his Oval Office after a dinner event, Trump said that his tough stance on trade was instrumental in preventing what he described as a […]