pakistan central
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 […]
Electricity Relief Incoming: NEPRA Approves Base Tariff Cut of Rs1.15 per Unit
The National Electric Power Regulatory Authority (NEPRA) has announced a Rs1.15 per unit decrease in Pakistan’s basic electricity tariff, aiming to ease the burden of high energy costs. The decision, made official on Wednesday, awaits final notification by the federal government before implementation. This adjustment comes in response to the federal government’s proposal to reduce […]
Pakistani Passport Breaks Into Henley’s Top 100, Expands Global Access to 32 Destinations
Pakistan has officially joined the ranks of countries with improved global mobility, as its passport now occupies the 100th position in the Henley Passport Index 2025, up significantly from its 113th placement just four years ago. This improvement grants visa-free or visa-on-arrival entry to 32 nations, marking a meaningful step forward for Pakistani travelers. This […]
Zohran Mamdani Poised to Become NYC’s First Muslim Mayor After Progressive Primary Upset
In a stunning political development, Zohran Mamdani, a 33-year-old Democratic Socialist, has defeated former Governor Andrew Cuomo in the New York City Democratic mayoral primary, putting him on track to become the city’s first Muslim mayor. The June 24 victory is being hailed as a seismic moment in the city’s political landscape. Cuomo, once seen […]
Ben Duckett’s Heroics Power England to Historic Victory Over India at Headingley
England stunned India with a memorable five-wicket victory in the opening Test at Headingley, chasing down a formidable 371-run target — the 10th highest successful chase in the history of Test cricket. The win was anchored by Ben Duckett’s masterful 149, marking one of the finest fourth-innings knocks by an English opener in modern times. […]
BRT Peshawar Fares Revised: Commuters to Pay More from July
In a significant update for Peshawar’s public transit users, TransPeshawar has announced a fare hike for the Bus Rapid Transit (BRT) system, effective July 1, 2025. The updated fare plan was finalized during a session of the company’s Board of Governors, marking the first fare revision in several years. Under the new structure, the per-stop […]
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 […]
Islamabad-Tashkent Direct Flight Launched by Uzbekistan Airlines, Enhancing Regional Ties
In a move aimed at deepening regional cooperation and expanding travel options, Uzbekistan Airlines has launched a direct flight route from Islamabad to Tashkent. The inaugural flight HY466 departed on Saturday with 126 passengers, establishing a key air corridor between the two capitals. The launch ceremony, held at Islamabad International Airport, created a festive and […]
Budget 2025-26: Construction Sector and Overseas Pakistanis Poised for Key Concessions
The upcoming federal budget for 2025-26 is shaping up to offer substantial relief to the construction sector and overseas Pakistanis, reflecting a broader strategy to bolster economic activity and encourage remittances into Pakistan’s real estate market. Prime Minister Shehbaz Sharif has reportedly directed top officials to prioritize these areas. According to information from the Federal […]
LESCO Ensures Reliable Power Supply During Eid-ul-Adha
In a move aimed at safeguarding the comfort of Lahore’s residents during Eid-ul-Adha, the Lahore Electric Supply Company (LESCO) has confirmed that there will be no load shedding throughout the festive period. A spokesperson for LESCO outlined that the company is implementing stringent measures to guarantee an uninterrupted power supply, recognizing the vital importance of […]