Easypaisa Launches QR Payments at Islamabad Airport
Easypaisa, PAA, and SBP digitize Islamabad International Airport with QR codes for cashless payments, advancing financial inclusion and Pakistan's digital economy.
Category : Banking Sector
Youth Dies in Sialkot Wall Collapse During Repairs
A 20-year-old youth, Muhammad Arshad Ali, died after being trapped under a collapsing wall and concrete slab during building repair work in Sialkot's Christian Town area.
EU Committee Approves Digital Euro Draft Law
The European Parliament's Committee on Economic and Monetary Affairs approved its draft on the digital euro, advancing the creation of a digital version of the single European currency.
PA Approves Rs270.5b Demands for Grants
The Punjab Assembly approved Rs270.5 billion in demands for grants as the government defended its budget, highlighting key allocations and fiscal strategy.
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Kaukab Iqbal Honored at Houston Gathering by Alumni
Jamia Karachi Alumni hosted a gathering in Houston honoring Kaukab Iqbal for his services in consumer rights, food safety, and public awareness, attended by prominent Pakistani community members.
PEBS Hospital and KIRAN Sign MoU for Free Cancer Surgery
PEBS Hospital and KIRAN signed an MoU to enhance free surgical management of oral and breast cancers, the most common cancers in Pakistani men and women, expanding access to quality care.
FBR Designates Taftan Customs Station, Seizes Rs77M Goods
The FBR has designated 11.75 acres at Taftan Railway Station as a Land Customs Station to boost Pakistan-Iran trade, while customs seized smuggled goods worth over Rs77 million in Hyderabad.
Oil Prices Plunge Over $3 as Strait of Hormuz Tankers Clear
Oil prices fell over $3 to pre-Iran war lows as stranded tankers exit the Strait of Hormuz; Brent at $73.65, WTI below $70. Gold also slipped below $4,000 for first time since Nov 2025. Rupee slightly stronger at Rs278.20.
ECC Approves Rs52 Billion for DISCOs, Rs97.6 Billion Re-appropriation
The ECC approved Rs52 billion TSG for CPPA-G as equity in DISCOs, re-appropriated Rs97.649 billion from K-Electric to Inter-DISCO subsidy, and okayed funds for various projects including EVTL extension.
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China Exchange Hails SECP Reforms, NAB Pact Targets Illegal Schemes
China Financial Futures Exchange praises SECP reforms, boosting investor confidence. SECP and NAB agree to formalize MoU against illegal investment schemes and deposit-taking.
PSX KSE-100 Index Surges 1,878 Points on Budget Measures
The KSE-100 index climbed 1,878.35 points (1.06%) to close at 179,571.27 on Wednesday, driven by super tax abolition for exporters, softer oil prices, and rate cut expectations.
Probe Into Ex-Director's Benami Assets in Rs8.5bn Scam
Anti-corruption authorities are investigating benami properties and bank accounts of former Yellow Line BRT project director Zamir Abbasi in an alleged Rs8.5 billion corruption case, with a progress report submitted to court revealing concealed assets and
GTA VI Preorders Open, Poised to Break Sales Records
Grand Theft Auto VI preorders open Thursday, with analysts predicting it will become the fastest cultural product to reach $1 billion in sales, surpassing its predecessor.
Fitch Warns Pakistan Budget Cuts May Hurt Growth
Fitch Ratings warns Pakistan's FY26 budget cuts, while ensuring short-term stability, may undermine long-term growth by reducing development spending and failing to boost revenue.
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IOC Creates $100M Fund for Olympic Athlete Cash Grants
The IOC pledges over $100 million for $10,000 grants to Olympic athletes from 2026 Winter and 2028 Summer Games, announced by Pau Gasol under President Kirsty Coventry.
Syria Seizes 600,000 Captagon Pills, Arrests 2
Syrian authorities seized 600,000 captagon pills and arrested two suspects in Homs and Idlib provinces, confiscating weapons and grenades in the latest anti-drug operation.
Camp Mystic files for bankruptcy after deadly Texas floods
Camp Mystic filed for Chapter 11 bankruptcy reorganization on Wednesday, nearly a year after catastrophic floods killed 25 girls and two teenage counselors at the all-girls Christian camp in Texas.
Amsa Hospitality signs deals for 400 units in Riyadh, Qassim
Saudi hospitality developer Amsa Hospitality signed agreements with Radisson Hotel Group and Accor to create nearly 400 hospitality units across Riyadh and Qassim, announced at the Future Hospitality Summit.
Saudi Tadawul Closes Lower at 11,007; Nomu Rises
Saudi Arabia's Tadawul All Share Index slipped 0.25% to close at 11,006.80 on Wednesday, while Nomu gained 0.25% to 23,055.81. Total turnover reached SR4.99 billion.
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Entertainment Bodies Oppose Finance Bill Tax Withdrawal
Three entertainment bodies—UPA, ACT, DGP—oppose the government's plan to withdraw advance tax on imported foreign TV plays and ads, warning it could dismantle local industry rehabilitation.
Angie Báez's JPMorgan Exit After Knicks Bin Theft
Angie Báez was fired from JPMorgan Chase after taking a limited-edition Knicks rubbish bin during a parade; her estimated compensation was $250K-$350K.
Stranded Tankers Exiting Hormuz Add 5M Barrels to Global Supply
Three stranded tankers carrying 5 million barrels of crude exited the Strait of Hormuz on Wednesday as the Iran-US interim deal unlocks supply, lowering global prices.
Three Saudi Industrial Firms Plan IPOs on Stock Market
Three local industrial companies are preparing for IPOs on the Saudi stock market, with some planning to list by end of 2026, as they seek capital for expansion and improved governance.
UAE Launches First Sovereign Retail T-Sukuk for Individuals
The UAE has launched its first Sovereign Retail T-Sukuk, allowing citizens and residents to subscribe directly to a two-year sukuk with a 4.3% profit rate, minimum investment of 1,000 dirhams, subscriptions open June 24-30.
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PSX KSE-100 Gains 1,667 Points in Strong Buying Session
The Pakistan Stock Exchange's KSE-100 index rose 1,666.85 points (0.94%) to 179,359.77 by 1:24pm on Wednesday, driven by broad-based buying across key sectors.
Pakistan Naval Chief Urges Rethink of Military Doctrines
Admiral Naveed Ashraf says future wars require reassessment of traditional warfighting paradigms and investment in technologically advanced forces, citing conflicts in Ukraine and Middle East.
Oil Falls Over 1% on Hormuz Flow Hopes
Oil prices fell more than 1% to near four-month lows on expectations of smoother crude flows through the Strait of Hormuz, with Brent at $76.30 and WTI at $72.43 per barrel.
Thailand's 'Michael Jackson' Jailed for 2 Years Over Fatal Crash
Manasawin Nantasen, known as Tik Shiro, was sentenced to two years for drunk driving that killed two people in Bangkok. He showed remorse and attended funerals.
Trump orders DOJ probe into gasoline price gouging
President Trump directs the Justice Department to investigate oil companies for not lowering gasoline prices in step with falling crude costs, accusing them of gouging customers.
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PSX KSE-100 Index Falls 779 Points, Bearish Trend Continues
The KSE-100 index dropped 778.95 points (0.44%) to close at 177,692.92, with market capitalization falling to Rs19.936 trillion. Trading volume declined to 765.143 million shares.
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