UBL Reports Record Quarterly Profit of Rs. 36 Billion in Q1 2025
United Bank Limited (UBL) has announced its highest-ever quarterly profit of Rs. 36 billion (EPS of Rs. 28.9) for the
Pakistan’s Large-Scale Manufacturing Sector Contracts 1.9% in First Eight Months of FY25
Pakistan’s Large-Scale Manufacturing (LSM) sector has recorded a negative growth of 1.9 percent during the first eight months (July-February) of
Govt Again Increases Petroleum Levy Across the Board
The government has implemented an across-the-board increase in the petroleum levy charged on all petroleum products, official documents have revealed.
Govt to Abolish 3% FED on Property Sales
The federal government has decided to eliminate the 3 percent Federal Excise Duty (FED) on the first sale of all
PM Shehbaz Announces Massive Incentives for Overseas Pakistanis
Prime Minister Muhammad Shehbaz Sharif on Tuesday announced a wide-ranging welfare package for overseas Pakistanis during the first two-day Overseas
PDMA Issues Glacial Lake Outburst Flood Warning for KP as Temperatures Rise
The Provincial Disaster Management Authority (PDMA) has issued an urgent alert warning of potential glacial lake outburst floods (GLOF) in
Fitch Ratings Upgrades Pakistan’s Credit Rating to ‘B-‘ from ‘CCC+’ with Stable Outlook
Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC+’ with a Stable outlook, reflecting
Pakistani Labor Immigration to UAE Plummets as Saudi Arabia Becomes Top Destination
Pakistani labor immigration to the United Arab Emirates (UAE) has declined sharply during the first quarter of 2025, primarily due
KP Govt Legalizes Cannabis Cultivation for Industrial and Medical Use
The Khyber Pakhtunkhwa government has taken a landmark decision to legalize the cultivation of cannabis (hemp) in specific districts of
IMF Mission Identifies Political Appointments and Weak Oversight in Pakistan’s Governance
The International Monetary Fund (IMF) has identified significant governance and corruption challenges in Pakistan’s public sector following a comprehensive assessment.
