The State Bank of Pakistan (SBP) injected a total of Rs13 trillion into the banking system through conventional and Shariah-compliant Open Market Operations (OMOs) on July 4, 2025, in a move aimed at maintaining short-term liquidity. According to official data, the conventional OMO injection amounted to Rs12.647 trillion, accepted at a return rate of 11.03%, […]
The Ministry of Climate Change and Environmental Coordination (MoCC&EC) on Friday held a high-level meeting with electric vehicle (EV) manufacturers and senior officials. The goal was to identify ways to scale up EV adoption and reduce the country’s dependence on fossil fuels. The meeting was chaired by Secretary MoCC&EC Aisha Humera Moriani. Discussions focused on […]
The Pakistan Stock Exchange (PSX) ended the week on a bullish note, with the benchmark KSE-100 Index gaining 0.97% on Friday to close around 131,950 points, marking a robust weekly advance of 6%. The market’s upward momentum was driven by strong institutional buying, fuelled by fresh equity allocations, as reflected in data from the National […]
Federal Minister for Communications Abdul Aleem Khan held a detailed meeting with Chairman of the China Road and Bridge Corporation (CRBC), Du Fei, during his visit to Tianjin. The focus was on expanding Chinese investment in Pakistan’s road infrastructure. The two sides discussed bilateral cooperation in road development, especially projects like the Mansehra-Naran-Jhal Kand Motorway. […]
Pakistan had real-time knowledge of Indian Army’s movements during Operation Sindoor, underscoring the military’s preparedness and vigilance, the military’s media wing said in a statement on Friday. The revelation came after Indian Deputy Army Chief Lt General Rahul Singh admitted India’s military defeat in the operation, further complicating India’s already failed attempt to cover up […]
Security Forces killed 30 Indian proxy terrorists, foiling an infiltration attempt through the Pakistan-Afghanistan border in the North Waziristan district of Khyber-Pakhtunkhwa, the media wing of the military said in a statement on Friday. The statement, issued by the Inter-Services Public Relations (ISPR), said that a large quantity of weapons, ammunition and explosives was also […]
Pakistan on Friday reacted cautiously to the Russian decision recognising the Afghan Taliban government, saying the matter was between the two sovereign states. “We have seen the news about Russian recognition of the government in Kabul,” said Foreign Office spokesperson Shafqat Ali Khan at a weekly news briefing. “Russia is an important country in the […]
Gale force wind gusts complicated efforts on Friday to contain wildfires on Crete that have razed forests and olive groves and forced thousands of residents and tourists to evacuate. Around 130 firefighters, 48 vehicles and six helicopters were deployed on the third day of the effort, with the wind and dry conditions raising the risk […]
Prime Minister Shehbaz Sharif on Friday urged the Economic Cooperation Organization (ECO) member states to deepen collaboration in response to the pressing regional and global challenges, particularly climate change and geopolitical instability. Addressing the 17th ECO summit, the prime minister underscored the urgent need for collective action as ECO member states struggle with the severe […]
The Supreme Court has raised serious concerns over the systemic failure of law enforcement in tackling the narcotics trade beyond its most vulnerable participants, observing that prosecutions overwhelmingly target only drug “carriers” – mostly from underprivileged backgrounds – while major perpetrators remain untouched. The observations came in a 17-page written judgment authored by Justice Athar […]