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KARACHI: The Board of Mobilink Bank has named Haaris Mahmood Chaudhary as the new Chief Executive Officer (CEO). This marks a major step in advancing the bank’s mission of financial inclusion and digital innovation. A Strong Leader for Mobilink Bank Haaris Mahmood Chaudhary has a proven track record in leadership and strategic foresight. Aamir Ibrahim, …
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Pakistan’s military has strongly responded to Indian Army Chief General Upendra Dwivedi’s remarks labeling Pakistan the “epicentre of terrorism.” The Inter-Services Public Relations (ISPR) called the claims baseless, emphasizing that such statements reflect extreme duplicity and are an attempt to divert attention from India’s actions in Indian Illegally Occupied Jammu and Kashmir (IIOJK). The ISPR …
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The U.S. Food and Drug Administration (FDA) has proposed a new rule requiring food companies to display nutrition labels on the front of packages. This move aims to help consumers make healthier choices and combat the country’s chronic disease crisis. The proposal targets key nutrients like saturated fat, sodium, and added sugars, which are linked …
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South Korea’s President Yoon Suk Yeol has been arrested, making him the first sitting leader in the nation’s history to face such action. Investigators broke through barricades and barbed wire at his residence in central Seoul early Wednesday. Yoon, 64, is accused of insurrection for a failed martial law order on December 3 that threw …
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KARACHI: Gold prices in Pakistan continued to decline for the second consecutive day on Tuesday, reflecting a similar trend in global markets. The price per tola fell by Rs1,400, closing at Rs277,900 in the local market. The price of 10 grams of gold also dropped by Rs1,201, ending at Rs238,254, according to the All-Pakistan Gems …
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Islamabad: The Ministry of Commerce has proposed significant changes to Pakistan’s electric vehicle (EV) policies. These reforms aim to remove the cap on EV batteries for cars, vans, and SUVs and eliminate the 25% sales tax on EVs priced above Rs4 million. EV Battery Cap and Sales Tax Reforms During a recent steering committee meeting, the …
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Islamabad: Pakistan’s per-person debt has surged to nearly Rs302,000, marking an 11.3% increase over the past fiscal year. The latest Fiscal Policy Statement for 2025 reveals that the government failed to keep the budget deficit within the legal limit, exceeding Rs7 trillion. Debt Burden Escalates The per capita debt burden in Pakistan has risen from Rs271,264 …
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Islamabad: The prices of petroleum products in Pakistan are set to increase by up to Rs6.20 per litre for the upcoming fortnight, beginning January 16, due to a rise in international crude oil prices. Market sources suggest that the ex-depot price of petrol will increase by Rs3.53 per litre. Kerosene oil and light diesel oil are …
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Riyadh: Saudi Arabian mining company Manara Minerals is expected to invest in Pakistan’s Reko Diq mine within the next two quarters, according to Pakistan’s Petroleum Minister Musadik Malik. The investment could mark a significant step in the development of one of the world’s largest undeveloped copper-gold reserves. Manara’s Growing Role in Global Mining Manara Minerals …
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The Pakistan Stock Exchange (PSX) has officially delisted Engro Corporation Limited (ENGRO). The delisting took effect on Tuesday, January 14, 2025. The PSX announced the delisting in a formal notification. The decision follows the implementation of a Scheme of Arrangement. This scheme involved the merger of Engro Corporation Limited (ENGRO) with Engro Holdings Limited (ENGROH). …
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