Media Report in Mustafa Amir Murder Case Denied

Media Report in Mustafa Amir Murder Case Denied

The murder case of Mustafa Amir has taken a fresh turn. The report circulating on social media and other media platforms has been categorically...
SBP Approves Merger of Silk Bank with UBL

SBP Approves Merger of Silk Bank with UBL, Effective March 2025

The State Bank of Pakistan (SBP) has approved the merger of Silk Bank Limited (SBL) into United Bank Limited (UBL), starting from March 11,...
The government has assured the International Monetary Fund (IMF) that Pakistan International Airlines (PIA) will be sold by July. However, the fate of Roosevelt Hotel in New York remains undecided. The US government has prematurely terminated the $228 million lease agreement, which was supposed to last three years. This decision will result in a business loss of approximately $80 million. The IMF was informed that the Cabinet Committee on Privatisation (CCOP) will decide whether to sell the hotel or lease it under a joint agreement. Pakistan had leased the 1,025-room hotel to New York City’s Immigrant Housing Business in July 2023. The city government had been paying $210 per room for the third year, but now plans to end the agreement a year early. The CCOP previously expressed concerns that US immigration policies might affect the deal. Despite hiring financial advisors, including Jones Lang LaSalle Americas at a cost of Rs2.1 billion, the government has not finalized a privatisation plan. Read more: PIA Crash Survivor Shares Story of Resilience and Hope Regarding PIA, the Privatisation Ministry informed the IMF that the airline will be sold by July 2025. A previous privatisation attempt failed after a sole bidder offered only Rs10 billion against the Rs85 billion asking price. The government is currently assessing market interest before issuing an Expression of Interest (EOI) by the end of this month. Three bidders may participate, including two who previously withdrew due to tax and liability concerns. The IMF has agreed to relax those conditions, which may increase investor interest. The government also aims to privatise three power distribution companies—Faisalabad, Islamabad, and Gujranwala—by December. However, it has not yet decided whether to sell them together or separately. The UAE has expressed interest in acquiring First Women Bank Limited under a government-to-government agreement, with the deal expected by May. The government also plans to privatise Zarai Taraqiati Bank Limited (ZTBL) by November and sell the House Building Finance Company next month.

Pakistan Assures IMF of PIA Sale by July

The government has assured the International Monetary Fund (IMF) that Pakistan International Airlines (PIA) will be sold by July. However, the fate of Roosevelt...
Karachi’s Heatwave to End Tomorrow: PMD

Karachi’s Heatwave to End Tomorrow: PMD

Relief is on the way for Karachi residents, as the Pakistan Meteorological Department has forecast a drop in temperatures starting tomorrow. According to meteorologist...
Lamborghini x Silver Cross Launches a £4,000 Luxury Baby Stroller

Lamborghini x Silver Cross Launches a £4,000 Luxury Baby Stroller

The Italian supercar maker Automobili Lamborghini has partnered with British nursery brand Silver Cross, “creators of the original pram in 1877,” to introduce a limited-edition “super stroller”...
Armaghan’s Father Advised Him to Flee After Mustafa’s Murder: IO

ATC Extends Armaghan’s Remand in Mustafa Amir Case

An Anti-Terrorism Court (ATC) in Karachi has extended the physical remand of Armaghan, the prime suspect in the Mustafa Amir murder case, for seven...
Petrol Prices in Pakistan May Drop by Rs15 Per Litre

Petrol Prices in Pakistan May Drop by Rs15 Per Litre

A decline in global oil prices may lead to a significant reduction in petroleum product prices in Pakistan. Sources suggest that petrol prices could...
Elon Musk Claims X Was Hit by Major Cyberattack

Elon Musk Claims X was Hit by Major Cyberattack

Elon Musk said on X that the platform was hit by a major cyberattack and continues to face similar threats. Screenshots of his post...
New Zealand Announces Squad for Pakistan T20I Series

New Zealand Announces Squad for Pakistan T20I Series

New Zealand Cricket has announced a 15-member squad for the five-match T20I series against Pakistan, starting on Sunday in Christchurch. Michael Bracewell will lead...
Kia Norway Mocks Elon Musk in Bold EV3 Ad

Kia Norway Mocks Elon Musk in Bold EV3 Ad

Kia Norway made headlines with a bold Instagram ad mocking Elon Musk. The now-deleted post showed a Kia EV3 with a bumper sticker reading,...
Top 10 Pakistani Talk Shows

Top 10 Pakistani Talk Shows

After a lengthy day, only a talk show can give one some deserved relaxation. Or well, that’s what we Pakistanis believe. In a world...
36 Killed, 1,402 Mobile Phones Snatched in Karachi in February

36 Killed, 1,402 Mobile Phones Snatched in Karachi in February

The Citizens-Police Liaison Committee (CPLC) reported that 36 people lost their lives in Karachi due to various incidents in February. During the same period,...
Mark Carney Wins Liberal Leadership, Becomes Canada's PM

Mark Carney Wins Liberal Leadership, Becomes Canada’s PM

Former central banker Mark Carney has won the race to lead Canada’s ruling Liberal Party and will succeed Justin Trudeau as prime minister, official...

US Deports Eight More Pakistanis Amid Strict Immigration Rules

A second flight carrying undocumented Pakistani immigrants deported from the United States will arrive in Pakistan next week, according to sources in the Federal...
North Korean Hackers Cash Out $300M from $1.5bn ByBit Hack

North Korean Hackers Cash Out $300M from $1.5bn ByBit Hack

Hackers thought to be working for the North Korean regime have successfully cashed out at least $300m (£232m) of their record-breaking $1.5bn crypto heist....
No PCB Official at Trophy Ceremony Despite Pakistan Being Host

No PCB Official at Trophy Ceremony Despite Pakistan Being Host

Former Pakistan fast bowler Shoaib Akhtar has raised concerns about the absence of a Pakistan Cricket Board (PCB) official at the Champions Trophy 2025...
Media Report in Mustafa Amir Murder Case Denied

No Traces of Intoxicants Found in Mustafa Amir’s Body: Report

A medical report following the exhumation of Mustafa Amir’s body has confirmed that no intoxicants or sedatives were found in his body before his...
Punjab Residents Praise Maryam Nawaz’s Governance

Punjab Residents Praise Maryam Nawaz’s Governance

A new survey shows that most Punjab residents have a positive view of Chief Minister Maryam Nawaz’s leadership, especially in education, healthcare and infrastructure....
Punjab Zakat Department to Pay Fines for Prisoners

Punjab Zakat Department to Pay Fines for Prisoners

The Punjab Zakat Department started a project to help prisoners who finished their sentences but stay in jail because they can’t pay their fines....
Women’s Day Goes Unnoticed In Faisalabad

Women’s Day Goes Unnoticed In Faisalabad

International Women’s Day went by quietly in Faisalabad, with no major government events, rallies, or awareness programmes. The only official recognition came from Commissioner Mariam...