Banks seal Rs1.2 trillion circular debt deal

[ ISLAMABAD: In a landmark move for Pakistan’s energy sector, the banking industry, under the Pakistan Banks Association (PBA), has led a record Rs1.225 trillion restructuring and financing agreement to ease the country’s crippling circular debt burden. According to an official statement issued on Wednesday, the signing ceremony at the prime minister’s house was hailed … Read more

Past meets pixels in new heritage gallery

[ ISLAMABAD: The Islamabad Museum witnessed a first of its kind cultural experiment last week: a digital immersive exhibition that captivated visitors with a unique blend of history and technology, bringing to life the rich cultural heritage of Gandhara in a way never experienced before. The exhibition introduced audiences to a technology-driven way of experiencing … Read more

12 dead in Kolkata rain

KOLKATA: At least 12 people died as heavy rain lashed the eastern Indian city of Kolkata and surrounding areas ahead of a major festival, flooding streets, disrupting transport and leaving residents stranded for hours, officials said on Wednesday. Most of the rain, as much as 251.6 mm (9.9 inches) in 24 hours, fell during the … Read more

Rice exports to China surge nearly 70%

[ BEIJING: Pakistan’s rice exports to China recorded robust growth in the first eight months of 2025, rising around 70% year-on-year, according to data from the General Administration of Customs of China. From January to August, Pakistan exported rice worth $44.31 million to China, compared with $26.30 million during the same period of last year, … Read more

FBR scans social media for evasion

[ KARACHI: Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan’s tax authorities under a new “Lifestyle Monitoring Cell” tasked with scanning social media for lavish spenders, officials said. A team of 40 investigators from the country’s Federal Board of Revenue (FBR) has started scouring Instagram, TikTok and … Read more

Five killed inautonomy protests in disputed Ladakh

SRINAGAR: Five people were killed in India on Wednesday as police clashed with hundreds of protesters demanding greater autonomy in the disputed territory of Ladakh, leaving “dozens” injured, police said. In the main city of Leh, demonstrators torched a police vehicle and the offices of Prime Minister Narendra Modi’s Bharatiya Janata Party, while officers fired … Read more