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Programme unveiled to help banks manage climate risks

[ KARACHI: In a decisive step towards climate-smart banking and investment, Pakistan has launched the Paris-aligned Finance Fellowship. Financed by Germany’s Federal Ministry for Economic Cooperation and Development and implemented by GIZ Pakistan in collaboration with the State Bank of Pakistan (SBP), the fellowship marks a milestone in aligning Pakistan’s financial sector with global climate … Read more

SBP sees recovery, analysts disagree

[Delivering a keynote address at the Ninth Annual Microfinance Conference in Karachi, the State Bank of Pakistan (SBP) Governor Jameel Ahmad highlighted signs of "durable macroeconomic stability," citing a sharp decline in inflation, improved foreign exchange reserves, and recovering growth. However, the reality on ground, reported by international institutions and economists, tells a starkly different … Read more

Punjab collects Rs66.4b revenue in Q1

[ LAHORE: The Punjab Revenue Authority (PRA) has recorded an impressive performance by collecting Rs66.41 billion in taxes during the first quarter of the current fiscal year 2025-26, reflecting a 28% increase compared to the collection of Rs51.98 billion in the same period of last year. Additionally, Rs1.7 billion was collected under the Punjab Infrastructure … Read more

Stocks fail to snap losing streak

KARACHI: Continuing its losing streak, the Pakistan Stock Exchange (PSX) ceded further ground in its fourth consecutive decline on Thursday, weighed down by selling from local institutions and foreign corporates, which wiped out all the early gains. At close, the benchmark KSE-100 index recorded a decline of 735.94 points, or 0.45%, to settle at 164,530.81. … Read more

Amazon to launch satellite broadband

[ ISLAMABAD: Amazon’s Low Earth Orbit (LEO) satellite initiative, Project Kuiper, has planned to launch satellite broadband services in Pakistan by the end of 2026. The project, which represents a multibillion-dollar global investment, is designed to expand high-speed internet access worldwide, particularly in underserved and remote areas. The Ministry of Information Technology and Telecommunication announced … Read more

PTI senators ask deputy chairman to step down

ISLAMABAD: The Senate session on Thursday witnessed chaos and loud protests by PTI lawmakers as they demanded the resignation of Deputy Chairman Syedaal Khan Nasar, disrupting proceedings and preventing completion of the day’s agenda. The session, presided over by deputy chairman began with fateha for the soldiers martyred in an operation against India-sponsored terrorists in … Read more