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For the first time in seven years, Pakistan’s short-term inflation rate has turned negative, signaling a potential shift in the country’s economic trajectory. This development comes amid government policies aimed at stabilizing the economy and controlling price hikes. What Led to This Decline? Several factors contributed to this drop in short-term inflation: Lower Commodity Prices: …
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A Pakistani national residing illegally in the United States has been deported following an order from immigration authorities in Dallas, Texas. The U.S. Immigration and Customs Enforcement (ICE) identified him as a national security priority, leading to his removal. Arrest and Deportation The deported individual, Syed Rizvi, 56, was living in Dallas, Texas without legal …
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The Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, driven by expectations of a policy rate cut and progress in circular debt restructuring. Investors showed confidence as the market rallied ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on March 10. Market Gains on Positive Sentiment The KSE-100 Index surged …
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The State Bank of Pakistan (SBP) is expected to announce its seventh consecutive rate cut on Monday as the country undergoes its first International Monetary Fund (IMF) review of a $7 billion bailout. With inflation at a near-decade low, analysts believe further easing is likely, which could help unlock additional IMF funding before the national …
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The International Monetary Fund (IMF) has urged Pakistan to take immediate action to reduce its circular debt, a major financial challenge for the country. During ongoing discussions, both sides held a special session focused on debt management. Pakistan informed the IMF that it is implementing a strategy to reduce circular debt by Rs. 1,250 billion, …
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As Muslims across Pakistan observe the 6th roza of Ramadan on Friday, March 7, 2025, it is essential to note the Sehri timings in different cities. The Sehri end time marks the beginning of the fast and varies slightly between Fiqh Hanafi and Fiqh Jafria calculations. Below is the Sehri timetable. Sehri Timings (Fiqh Hanafi …
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The Foreign Office (FO) strongly rejected Indian Foreign Minister Subrahmanyam Jaishankar’s remarks on Azad Jammu and Kashmir (AJK), calling them baseless and misleading. Pakistan demanded that India vacate occupied Jammu and Kashmir, which remains a disputed region under international law. India’s Claims and Pakistan’s Response Jaishankar, speaking at Chatham House in London, claimed that the …
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Karachi: Muslims across Pakistan will observe Iftar on Thursday, March 6, 2025, at different times depending on their location. The sunset timing varies from city to city. Below are the Iftar timings for major cities: Iftar Timings in Major Cities Karachi – 6:34 PM Lahore – 6:11 PM Islamabad – 6:14 PM Rawalpindi – 6:15 …
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National Bank of Pakistan (NBP) has reported its highest-ever dividend payout of 80%, despite an extraordinary pension-related cost. The bank achieved a pre-tax profit of PKR 56.7 billion, demonstrating strong financial resilience. Strong Financial Performance NBP generated gross mark-up income of PKR 1,089.4 billion, ranking among the top revenue-generating banks in Pakistan. The bank paid …
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US President Donald Trump announced on Wednesday that the individual responsible for the 2021 Abbey Gate bombing had been arrested with Pakistan’s assistance. The suspect is now being extradited to the United States to face justice. The attack at Kabul’s airport during the chaotic US withdrawal from Afghanistan killed 13 US service members and approximately …
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Pakistan is well positioned for the first review of its $7 billion IMF bailout, according to Finance Minister Muhammad Aurangzeb. As talks between the International Monetary Fund (IMF) and Pakistan begin, the government remains optimistic about meeting the programme’s conditions. The review will determine Pakistan’s progress and set the stage for future financial decisions. IMF …
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Pakistan, March 4, 2025 – Muslims across Pakistan are observing the 3rd fast of Ramadan today, with Iftar timings varying across different cities. As the sun sets, families prepare to break their fasts in accordance with local prayer schedules. According to the latest Ramadan timetable, the Iftar timings for today in major Pakistani cities are …
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Gold prices have seen a significant increase, with the price of one tola gold rising by Rs. 1,500 in the local market. This surge has pushed the new price to Rs. 315,500 per tola, affecting both investors and jewelry buyers. Gold Prices Rise Across All Categories The price of 10 grams of gold has also …
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The Federal Investigation Agency (FIA) has intensified its probe into the Mustafa Amir murder case, seeking a court-issued search warrant for a house linked to the investigation. Authorities aim to gather further evidence and question individuals associated with the crime. FIA Investigates Key Leads FIA officials stated they will collaborate with police investigators handling the …
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The International Monetary Fund (IMF) has urged Pakistan to take strict action against tax evasion in the real estate sector as part of ongoing negotiations for a $1 billion loan tranche. However this demand is linked to the country’s broader efforts to meet the conditions of its $7 billion loan program. Pakistan has assured the …
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Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir has urged students to focus on their responsibilities and avoid baseless criticism. Speaking at the CMH Institute of Medical Sciences (CIMS) in Bahawalpur, he emphasized self-responsibility and the importance of contributing to the nation’s progress. Call for Self-Responsibility General Munir stressed that youth must dedicate …
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In a relief for consumers, the fuel price reduction in Pakistan has been announced, cutting petroleum prices by up to Rs5.31 per litre for the next two weeks. The adjustment, effective immediately, follows a review by the Oil and Gas Regulatory Authority (Ogra) based on international market trends. The government also lowered liquefied petroleum gas …
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The holy month of Ramadan has officially begun in several countries around the world, while in Pakistan, the Ramadan crescent was not sighted, delaying the start of fasting. The announcement of Ramadan’s commencement depends on the sighting of the new moon, which varies from country to country based on geographical location and atmospheric conditions. Countries …
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The Sindh government is advancing efforts to bridge the gap between technical education and industry needs through a Public-Private Partnership (PPP) model. A recent meeting in Karachi, chaired by Special Assistants to the Chief Minister Syed Qasim Naveed Qamar and Muhammad Saleem Baloch, focused on launching an agreement with local industries to train skilled workers …
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The State Bank of Pakistan (SBP) has announced a bank holiday on the first working day of Ramadan 1446 AH for Zakat deduction. As a result, all banks, development finance institutions (DFIs), and microfinance banks (MFBs) will remain closed for public dealings. However, bank employees will report to work as usual and handle internal operations. …
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Pakistan-UAE relations took a significant step forward as the two nations signed five agreements to enhance cooperation. The accords were finalized during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s first official visit to Pakistan. His trip emphasized investment, trade, and infrastructure development. Prime Minister Shehbaz Sharif welcomed the crown prince …
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Pakistan and the United Arab Emirates (UAE) have taken a major step toward strengthening their economic and strategic partnership. During the visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, both nations signed multiple Memorandums of Understanding (MoUs) to enhance cooperation in banking, mining, railways, and infrastructure. These agreements aim …
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The opposition alliance, Tehreek Tahafuz Ayeen-i-Pakistan (TTAP), has pledged to fight against unconstitutional forces in Pakistan. At a two-day conference in Islamabad, opposition leaders condemned the government for restricting their event. They insisted that their movement aims to protect constitutional rights, democracy, and rule of law. Opposition Leaders Stand Firm Despite Pressure Pashtoonkhwa Milli …
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