Pakistan Oil Industry Reports $367M Loss After Fuel Price Cut
Pakistan's oil industry suffered Rs104 billion ($367 million) losses after a government-mandated fuel price cut, warning that policy instability threatens investor confidence.
Category : Banking Sector
Supreme Court Public Facilitation Center: A Shift in Judicial Access
The Supreme Court of Pakistan's Public Facilitation Center, envisioned by Chief Justice Yahya Afridi, consolidates court services to simplify access for litigants, reducing procedural barriers and digitizing payments.
Japan Hikes Visa Fees Fivefold for Foreigners After 50 Years
Japan raises visa fees for foreigners fivefold from July 1, first hike since 1978, citing inflation and yen weakness. Single-entry visa now 15,000 yen, multi-entry 30,000 yen.
Digital Eastern Toll Plaza Opened on Lahore Ring Road
Punjab minister Malik Sohaib Ahmad Bharth inaugurated the digitalized Eastern Toll Plaza on Lahore Ring Road, featuring M-Tag facility for efficient, transparent toll collection and enhanced security.
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PSX KSE 100 Index Drops 450 Points in Bearish Session
The PSX KSE 100-index fell 450.89 points (0.25%) to close at 178,471.87 on Monday, with market capitalization dropping to Rs19.976 trillion amid lower trading volume.
Bank Makramah Refutes Sale Rumors, Eyes Capital Boost
Bank Makramah Limited (BML) denies sale rumors, confirming board approval for capital injection talks with a potential investor to strengthen MCR and CAR.
Punjab Digital Procurement Launch July 1, 2026
Punjab will launch a digitized procurement system on July 1, 2026, backed by BOP with secure digital bid securities and a facilitation center.
SECP Approves First Digital Financing for Women MSMEs
SECP approves Pakistan's first digital financing product for women-led MSMEs, offering Shariah-compliant asset financing from Rs 100,000 to Rs 1.5 million via the 'Hakeem' app.
Alan Greenspan, Former Fed Chairman, Dies at 100
Alan Greenspan, former Federal Reserve chairman who oversaw a booming economy but faced criticism for the 2008 financial crisis, has died at 100.
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Police Foil Rs5 Million Contract Killing Plot in Rawalpindi
Rawalpindi police arrested four suspected hired assassins in an operation on Peshawar Road, foiling an alleged contract killing plot worth Rs5 million linked to an old murder case.
Surprise Exam Visits: 12 Caught Cheating in Rawalpindi Board
Controller of Examinations Tanveer Asghar Awan conducted surprise visits to exam centres in Rawalpindi region; 12 candidates caught cheating, UMCs registered.
Pakistan to Shift to E-Passports, Abolish Cash Payments
Pakistan will transition to e-passports and abolish cash passport fee payments from July 1, replacing them with QR code-based digital payments, as announced by DG Immigration and Passports Muhammad Ali Randhawa.
Alan Greenspan Dies at 100
Alan Greenspan, who led the US Federal Reserve from 1987 to 2006 and was later blamed for the 2008 financial crisis, died at age 100 from Parkinson's complications.
Court Extends Remand of Pinky's Facilitators, Slams IO
A Karachi court extended the physical remand of Aaqib and Ghulam Abbas, facilitators of absconding drug trafficker Anmol alias Pinky, and criticized the investigating officer for failing to arrest the main accused for a month.
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Faisalabad Police Arrest Constable for Motorcycle Thefts
Police in Faisalabad arrested a serving constable and his accomplice for motorcycle-snatching, recovering four stolen bikes after tracking a GPS-fitted motorcycle to the constable's home.
SBP Cancels Time Exchange Company Licence Over Violations
The State Bank of Pakistan cancelled Time Exchange Company's authorisation for serious regulatory violations, part of a broader crackdown since 2026. Rupee edged up to 278.22, gold surged by Rs4,643 per tola.
Pakistan Gen Z Drives Workplace Culture Shift to Flexibility
Pakistan's Gen Z workforce is forcing companies to abandon rigid hierarchies and long-hour cultures for flexible, inclusive models. Highly engaged teams boost profitability by 23%, and diversity improves financial performance.
SECP Approves Digital Financing for Women-Led MSMEs
SECP approves Pakistan's first digital Shariah-compliant financing product for women-led MSMEs, offering Rs100,000 to Rs1.5 million via Walee Financial Services, aiming to boost financial inclusion.
CAP Warns Tax on Backpacks, Shoes Will Raise Prices
The Chainstore Association of Pakistan warns that taxing non-FMCG items like shoes and backpacks on notional retail prices will raise costs for consumers, with effective GST up to 26%.
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Water Crisis on Rawalpindi-Islamabad Border After CDA Revokes NOCs
A severe water crisis has hit 14 localities on the Rawalpindi-Islamabad border after CDA revoked NOCs for 20 tube wells, triggering protests and price hikes for private tankers.
Rs300M Equipment Sold for Rs3.8M at Mansehra Hospital
King Abdullah Teaching Hospital in Mansehra auctioned over 150 functional medical items worth Rs300-400 million for just Rs3.8 million, sparking allegations of mismanagement.
Saudi Index Steady at 11,072; Fisheries Surges 9.96%
Saudi Tadawul All Share Index closed nearly flat at 11,072.40 on Monday, with Saudi Fisheries Co. surging 9.96% to SR49.44, while Tadweeer signed a SR60 million credit facility.
Saudi Arabia Issues 322 New Industrial Licenses in April
Saudi Arabia issued 322 new industrial licenses in April with investments exceeding SR12.33 billion, and 188 factories began production, creating over 6,500 jobs.
BISP Reflects Benazir Bhutto's Vision: Aseefa Zardari
First Lady Bibi Aseefa Bhutto Zardari stated that BISP embodies Shaheed Mohtarma Benazir Bhutto’s vision, supporting vulnerable groups. She praised reforms for transparency and financial inclusion.
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5.4-Magnitude Earthquake Hits Islamabad, Punjab, K-P
A 5.4-magnitude earthquake jolted Islamabad and parts of Punjab and Khyber-Pakhtunkhwa on Monday, with no loss of life or property reported, according to PDMA.
Pakistan's FY27 Budget Focuses on Export-Led Growth
Pakistan's Rs18.9 trillion FY27 budget targets export-led growth, building on stabilization. Finance Minister Aurangzeb cites 6.5% manufacturing growth, $41 billion remittances, and IT export rise.
Real Madrid Deny Olise Contact with Bayern Munich
Real Madrid have officially denied any contact with Bayern Munich winger Michael Olise, refuting Spanish media reports of a potential €200 million transfer.
Foreign Investors Pull Over $1B from Pakistan Equities
Foreign investors sold over $1 billion in Pakistan equities in FY26, driven by Middle East tensions and index reclassification, resulting in net outflows of $736 million.
IsDB Chairman: Implementation Gap Hinders Development
IsDB Group Chairman Mohammed Al-Jasser says weak implementation capacity, not lack of capital, is the biggest obstacle facing member countries, preventing development plans from becoming bankable projects.
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King Charles to Disclose Tax Payments for First Time
King Charles will voluntarily reveal his tax details for the first time on Thursday as part of annual royal accounts, Buckingham Palace announced, aiming to boost transparency.
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