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 […]
Bangladesh whitewash Afghanistan in T20I series with dominant performance
Bangladesh completed a clean 3–0 whitewash over Afghanistan in the T20 International series after registering a commanding six-wicket victory in the final match at the Sharjah Cricket Stadium on Sunday. The result highlighted Bangladesh’s growing consistency in the shortest format, with both their bowling discipline and top-order stability proving decisive once again. Opting to bowl […]
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 […]
Syrian President Ahmed al-Sharaa Delivers Historic UN Speech After Six Decades
Syrian President Ahmed al-Sharaa made history by addressing the United Nations General Assembly, becoming the first Syrian leader in nearly sixty years to speak at the global platform. His speech resonated with emotion, mixing reflections of pain, hope, and resilience in the face of decades of turmoil. Opening his address, al-Sharaa emphasized that Syria’s path […]
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 […]