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The Islamabad High Court (IHC) has blocked Greentree Holding from acquiring TRG Pakistan shares, citing legal violations and market dominance concerns. The ruling, issued on February 26, 2025, follows objections from the Securities and Exchange Commission of Pakistan (SECP) and the Competition Commission of Pakistan (CCP), which raised alarms over compliance with the Companies …
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The Pakistan debt market has seen a major boost as the government successfully raised PKR 2.25 trillion through Ijarah Sukuk since December 2023. This milestone was achieved through 18 auctions, with increasing trading volumes in the secondary market as participants adapt to the new system. The initiative is a result of collaboration between key stakeholders, …
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Pakistan and Uzbekistan agreed to increase bilateral trade from $400 million to $2 billion. The commitment was made during Prime Minister Shehbaz Sharif’s visit to Uzbekistan. Both sides pledged to strengthen ties in investment, connectivity, and tourism. Prime Minister Shehbaz and Uzbek President Shavkat Mirziyoyev held one-on-one and delegation-level talks. They discussed trade, economic cooperation, …
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KARACHI: The gold price in Pakistan continues to remain stable as per the latest updates from the Pakistan Sarafa Market. On Wednesday, 26 February 2025, the per tola gold rate was recorded at Rs. 312,600, while the per gram price stood at Rs. 26,800 for 24K gold. The breakdown of gold prices for different purities …
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Karachi witnessed widespread water and power protests on Tuesday, bringing traffic to a standstill in several areas. Frustrated residents blocked major roads, demanding immediate action. The crisis, worsened by infrastructure work, is expected to last until Friday, raising concerns about further unrest. Roads Blocked, Traffic Disrupted Protesters gathered at key locations, obstructing roads and causing …
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On the occasion of Kuwait’s National Day and Liberation Day, Prime Minister Shehbaz Sharif extended heartfelt greetings to the Kuwaiti leadership and people. Currently on a two-day visit to Azerbaijan, he conveyed his message to Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah, and the government of Kuwait. Celebrating Kuwait’s …
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Pakistan’s New Gwadar International Airport, a $240 million project fully funded by China, remains idle months after its completion. With no passengers or flights, the airport raises questions about its purpose and the broader impact of the China-Pakistan Economic Corridor (CPEC). An Empty Landmark in a Struggling City Located in Gwadar, Balochistan, the airport boasts …
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Pakistan’s early exit from the Champions Trophy was a crushing blow, especially as hosts and defending champions. Losses to New Zealand and India sealed their fate, making their final match against Bangladesh irrelevant. The failure exposed deep flaws in team selection, preparation, and strategy. Chaotic Preparation and Injuries Pakistan’s lead-up to the tournament was promising. …
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In a bizarre legal development, a Karachi anti-narcotics court has issued a non-bailable arrest warrant for Mustafa Amir, despite the fact that he was kidnapped and murdered earlier this year. The court has directed authorities to produce him before the bench on February 27, raising questions about legal oversight in the case. Court Orders Arrest …
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The Pakistan Stock Exchange (PSX) has witnessed an unprecedented rally, sparking speculation about whether the KSE-100 index could reach 150,000 points. While government officials highlight economic improvements, many remain skeptical. However, investors in PSX are enjoying significant returns, with the index soaring from 40,000 to nearly 120,000 points. The question now is: can this momentum …
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Pakistan and Azerbaijan have taken a major step toward bilateral investment, announcing plans to boost economic cooperation to $2 billion. During Prime Minister Shehbaz Sharif’s visit to Baku, both nations committed to strengthening their trade, energy, and defence partnerships. Agreements will be finalized in April, marking a new phase in their long-standing diplomatic and economic …
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Pakistan has closed the Torkham border crossing with Afghanistan after the Afghan Taliban began trench construction near the frontier. The move, which took effect late Friday night, has halted all pedestrian and trade movement, escalating tensions between the two neighbors. This latest border closure comes amid ongoing security concerns and increased militant attacks in Pakistan. …
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Punjab is set to transform its dairy farming sector by adopting Italy’s advanced agricultural practices. The province will launch a modern dairy farming project, aiming to boost milk and cheese production, upgrade packaging standards, and introduce cutting-edge dairy machinery. Pilot Project in Three Districts The initiative, directed by Chief Minister Maryam Nawaz Sharif, will begin …
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Pakistan is set to host an IMF delegation in March for a crucial review of its $7 billion loan program. The visit will also focus on climate financing, an area where Pakistan seeks additional financial support to combat environmental challenges. Loan Review and Climate Financing Talks The International Monetary Fund (IMF) will send a mission …
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Gold prices in Pakistan declined after reaching a record high on Thursday. As on Friday, February 21 2025: Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold per Tola Gold Rs. 306300 Rs. 280773 Rs. 268013 Rs. 229725 per 10 Gram Rs. 262600 Rs. 240715 Rs. 229775 Rs. 196950 per Gram Gold Rs. 26260 …
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Pakistan and Bahrain’s military leaders have discussed strengthening bilateral military cooperation and addressing regional security concerns during a meeting at the Joint Staff Headquarters in Rawalpindi. The discussions took place on February 20, 2025, between General Sahir Shamshad Mirza, Chairman of Pakistan’s Joint Chiefs of Staff Committee (CJCSC), and Lt. Gen. Shaikh Abdulaziz Saud Mubarak …
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The Clinical Trials Summit 2025 marked a major step for Pakistan’s healthcare sector. Aga Khan University (AKU) and the National University of Medical Sciences (NUMS) organized the two-day event. Experts from Pakistan and abroad discussed trends, challenges, and innovations in clinical trials. Dr. Saeed Hamid, Director of the Clinical Trials Unit at AKU, highlighted the …
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Former Pakistan captain Shahid Afridi believes Pakistan must focus on defeating India whenever they meet, despite India’s absence from the Champions Trophy in Pakistan. Speaking at an event, Afridi emphasized the importance of staying prepared and delivering top performances throughout the tournament. India’s Absence Disappoints Afridi Afridi expressed disappointment that India did not join other …
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Pakistan plans to double its exports in the next three to five years, with the Gulf Cooperation Council (GCC) market playing a crucial role in this strategy, according to Finance Minister Muhammad Aurangzeb. He revealed this ambitious goal during his visit to Saudi Arabia for the Alula Conference for Emerging Market Economies 2025. Export Expansion …
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A fire broke out early Tuesday at a shopping centre near Teen Talwar in Karachi’s Clifton area, but it was contained swiftly. Firefighters prevented the blaze from spreading beyond the first floor. The shopping centre, known for its multiple clothing stores, sustained damage, but no casualties were reported. Authorities suspect an electrical short circuit caused …
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Gold prices are climbing again in both international and local markets, driven by ongoing global economic uncertainty. In the international bullion market, gold per ounce increased by $10, reaching $2,910. Meanwhile, in local markets, gold per tola rose by Rs 1,000, bringing the new price to Rs 304,200. This trend reflects growing demand for gold …
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Karachi is experiencing a troubling surge in respiratory illnesses, according to the Sindh Health Department. As of February 13, 248 cases have been reported this year, highlighting the city’s ongoing health challenges. Among these, the H1N1 influenza strain has emerged as the most common respiratory illness. Alarming Case Numbers Out of the reported cases, 119 …
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The government plans to privatise up to 50 state-owned enterprises (SOEs) over the next three to four years. Minister for Economic Affairs Ahad Cheema shared this update during a meeting with a World Bank delegation on Monday. Cheema met with Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World Bank Group (WBG). The …
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