Latest News
Govt Confirms Utility Stores Shutdown Date
2 min read
The Prime Minister Shehbaz Sharif-led federal government has finalized plans to shut down the Utility Stores Corporation (USC), the country’s public retail network, by July…
CCP Imposes Rs42M Penalty on UDPL and IBL Over Market-Fixing Pact
2 min read
The Competition Commission of Pakistan (CCP) has slapped a hefty penalty of Rs42 million on United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited…
Govt Set To Slash The National Savings Schemes Returns
2 min read
National savings scheme returns have been revised downward as Pakistan adjusts rates at the start of the new financial year to better align with prevailing…
IMF Rejects Pakistan’s Subsidy Plan for Crypto and Data Centers
2 min read
The International Monetary Fund (IMF) has rejected Pakistan’s plan to offer subsidized electricity rates to crypto mining operations, data centers, and heavy industries. The proposal,…
Islamabad Traffic Police Drones to Enforce Rules on Major City Roads
2 min read
The Islamabad Traffic Police (ITP) has started using drones to monitor traffic flow and enforce laws on some of the busiest roads in the capital.…
Cement Shipments in Pakistan Rise as Exports Surge
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ISLAMABAD: Cement shipments in Pakistan increased by 2% year-on-year (YoY) to 46.22 million tonnes during FY25, primarily supported by a sharp rise in exports that…
Amazon to Shut Down Freevee App by August
3 min read
Amazon is officially phasing out its standalone Freevee app by August 2025, marking a major shift in its streaming strategy. Users of the free, ad-supported…
US Eyes $1 Billion Investment in Pakistan’s Mineral Sector
2 min read
US investment in Pakistan’s mineral sector could climb as high as $1 billion, as Islamabad and Washington accelerate trade talks aimed at reshaping their economic…
IMF Rejects Pakistan’s Subsidised Power Tariffs Plan
2 min read
The International Monetary Fund (IMF) has rejected Pakistan’s latest proposal to introduce subsidised power tariffs for certain industrial sectors, cautioning that such incentives could deepen…
LUMS Reveals Rs463M Cryptocurrency Holdings in Audited Financial Report
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The Lahore University of Management Sciences (LUMS) has officially disclosed its cryptocurrency holdings in the audited financial statements for the fiscal year ending June 30,…
Microsoft to Lay Off 9,000 Employees, Impacting Less Than 4% of Workforce
2 min read
According to a CNBC story, Microsoft plans to lay off 9,000 workers, which will affect fewer than 4% of its global workforce. In its most…
Foreign Boards Expected to Come Under IBCC and Education Ministry
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A parliamentary subcommittee has ordered all foreign examination boards in Pakistan to come under the Federal Ministry of Education and IBCC. The directive was issued…
India Unblocks Instagram Profiles of Pakistani Actors
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In April 2025, a deadly terror attack happened in Pahalgam, Jammu & Kashmir, where 26 tourists lost their lives. After this, India started “Operation Sindoor”,…