61 m. ago Karachi mayor launches municipal bonds to fund city’s future projects

Karachi Mayor Murtaza Wahab has announced a major step toward solving the city’s development issues through municipal bonds. At a gong ceremony at the Pakistan Stock Exchange (PSX), he revealed a new funding plan. This marks the first time in history a Karachi mayor rang the PSX bell. The mayor shared that Karachi Metropolitan Corporation […]

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67 m. ago Aurangzeb: Economy shielded against middle east crisis, US tariffs under review

Finance Minister Muhammad Aurangzeb assured that Pakistan is fully prepared to handle any economic fallout from Middle East tensions. Speaking at a national workshop in Islamabad, he said the government recently held meetings with key officials. These meetings focused on stock reserves and keeping asset prices stable in case of regional escalation. The minister expressed […]

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81 m. ago PIA employees join bidding race, claim first right to buy National airline

Employees of Pakistan International Airlines (PIA) have submitted a joint bid to acquire the struggling national carrier, intensifying the competition ahead of the June 19 deadline. The offer was jointly filed by Hidayatullah Khan, President of the CBA-affiliated People’s Unity, and Aqeel Siddiqui, head of the PIA Senior Staff Association (SASA). The employees argue that […]

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83 m. ago Fertilizer sales slightly up in May, but urea and DAP face big drops for 2025

Fertilizer sales in Pakistan rose by 5% in May 2025, with Urea offtakes hitting about 418,000 metric tons. However, despite this increase, total Urea sales for the first five months dropped sharply by 31% compared to last year. Similarly, DAP (Di-ammonium phosphate) sales jumped to 95,000 metric tons in May, more than double from May […]

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86 m. ago Pakistan’s current account records $103 million deficit in may despite strong yearly surplus

Pakistan’s current account posted a deficit of $103 million in May 2025, reversing the $47 million surplus seen in April, according to data released by the State Bank of Pakistan (SBP) on Tuesday. This change mainly resulted from a rise in imports and a drop in exports. However, compared to May 2024, the current account […]

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2 h. ago PM Shehbaz orders Reko Diq to be linked with railway network by 2028

ISLAMABAD – Prime Minister Shehbaz Sharif has directed authorities to connect the Reko Diq mining site in Balochistan to Pakistan’s national railway network by the year 2028. The move aims to boost regional development and improve cargo transportation across the country. During a high-level meeting chaired by the Prime Minister, officials presented a detailed briefing […]

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2 h. ago Pakistan joins China’s GDI to speed up progress on sustainable development goals

ISLAMABAD – Pakistan has officially aligned itself with China’s Global Development Initiative (GDI) to accelerate its progress toward achieving the 2030 Sustainable Development Goals (SDGs). With strong bilateral ties and ongoing cooperation under the China-Pakistan Economic Corridor (CPEC), Pakistan is in a strategic position to embed GDI into its national development agenda. The Global Development […]

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2 h. ago 39 government departments exceed budget limits, energy and defense lead

ISLAMABAD – At least 39 federal departments in Pakistan have overspent their allocated budgets for the current fiscal year, with the energy and defense sectors emerging as the top contributors to the excess. Meanwhile, dozens of other departments failed to utilize their full funds. According to official budget documents, the energy sector overspent by Rs129.5 […]

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2 h. ago PM Shehbaz highlights blue economy as key to Pakistan’s growth

ISLAMABAD – Prime Minister Shehbaz Sharif has stressed the vital role of the blue economy in Pakistan’s development, calling it a major force for national and regional economic progress. While speaking at the soft launch of the second International Maritime Expo and Conference in Islamabad, the prime minister stated that Pakistan must fully explore its […]

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2 h. ago Nawaz Sharif says Pakistan back on track with economic progress

LONDON – Pakistan Muslim League-N (PML-N) leader Nawaz Sharif has said that Pakistan’s economy is once again moving in the right direction, with clear signs of recovery and development. While addressing the media in London, Nawaz praised the efforts of Prime Minister Shehbaz Sharif and Punjab Chief Minister Maryam Nawaz, stating that both leaders are […]

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2 h. ago Pakistan denies supplying missiles to Iran, calls reports baseless propaganda

ISLAMABAD – Pakistan has strongly rejected recent media reports claiming it supplied non-nuclear ballistic missiles to Iran amid rising tensions between Iran and Israel. Officials called the claims false, baseless, and part of a deliberate propaganda campaign. According to diplomatic and security sources in Islamabad, the reports making rounds on international and social media platforms […]

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3 h. ago Pakistan, US agree to expedite finalisation of trade agreement

ISLAMABAD – Pakistan and the United States on Tuesday agreed to accelerate the finalisation of a bilateral trade agreement aimed

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3 h. ago Pakistan’s nuclear policy aims for defence, not regional dominance: Khawaja Asif

Defence Minister Khawaja Asif has clarified that Pakistan’s nuclear program is strictly for defence and national security, not for asserting dominance in the region. He made the remarks through a post on social media platform X, stressing that the country’s capabilities are aimed at deterring threats, not provoking them. He further stated that Pakistan respects […]

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3 h. ago PM Shehbaz expresses solidarity with Iran amid rising tensions

Prime Minister Shehbaz Sharif has expressed deep sympathy with the people of Iran over the loss of innocent lives in recent Israeli attacks. He reaffirmed Pakistan’s full support for Iran during a meeting with Iranian Ambassador Reza Amiri Moghadam on the sidelines of the International Maritime Expo and Conference in Islamabad on Monday. During the […]

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3 h. ago Pakistan to defend water rights under Indus treaty, PM Shehbaz declares

Prime Minister Shehbaz Sharif has strongly asserted that Pakistan will protect its right to water as guaranteed by the Indus Waters Treaty (IWT). His statement came on the occasion of World Day to Combat Desertification and Drought, observed annually on June 17. He emphasized that access to water is a lifeline for over 240 million […]

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3 h. ago India to participate in Asia Cup 2025 amid strained ties with Pakistan

DUBAI – Amid strained ties between India and Pakistan, the Indian cricket team is expected to participate in the upcoming

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4 h. ago Babar Azam signs with Sydney Sixers for BBL 2025 amid national team exclusion

LAHORE –  Former Pakistan captain Babar Azam has officially joined Australia’s Big Bash League (BBL) franchise, the Sydney Sixers, ahead

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5 h. ago German Embassy launches online portal for work visa applications in Pakistan

ISLAMABAD – The German Embassy Islamabad has launched the Consular Services Portal for all types of employment visas. The embassy

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5 h. ago PM Shehbaz for advanced IT training for youth employability, making Pakistan IT hub

Prime Minister Shehbaz Sharif on Monday directed the authorities concerned to formulate modern training programs for the youth to ensure

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6 h. ago Pak rupee weakens against UAE Dirham today – AED to PKR on 17 June 2025

KARACHI – The UAE Dirham (AED) is being traded at Rs77.11 against Pakistani rupee in open market on Tuesday after

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