IMF approved $1 billion for Pakistan under EFF Arrangement
The Executive Board of the International Monetary Fund (IMF) has approved $1billion tranche for Pakistan under Extended Fund Facility (EFF) and approved an arrangement under the Resilience and Sustainability Facility (RSF), with access of about $1.4 billion.
Adil Aziz
PSL 10 Heads to UAE: PCB Announces Venue Change
The Pakistan Cricket Board (PCB) on Friday (May 09) confirmed that the remaining matches of the HBL Pakistan Super League (PSL) Season 10 have been shifted to the United Arab Emirates.
Pakistan & Standard Chartered Bank: Key Talks on Economic Growth & Investment
Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Group Chief Executive Officer of Standard Chartered Bank Bill Winters, in London.
EcoStar launches Prince Series ACs featuring genuine T3 technology
Many consumers remain unaware of what real T3 air conditioning technology truly means — and how rare it is to find in the market. With the launch of its new Prince Series, EcoStar is setting the record straight by delivering genuine T3 performance backed by core engineering upgrades: a robust T3 compressor, extra-large indoor and outdoor units, and a double-layered condenser.
SBP cuts interest rate from 100 bps to 11%
During March and April, inflation saw a significant decline, driven primarily by a reduction in administered electricity prices and a continued downtrend in food inflation. Additionally, core inflation eased in April, largely due to a favorable base effect amid moderate demand conditions, as noted by the Monetary Policy Committee.
Ahsan meets PBC Dubai delegation, shares ‘Uraan Pakistan’ objectives
Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal met with a delegation of the Pakistan Business Council (PBC) Dubai, urging them to play their due role in making Pakistan a $1 trillion economy by 2025 under the ‘Uraan Pakistan’ initiative with increased exports and foreign investment. Chairman of PBC Dubai Shabbir Merchant…
EOBI announces 15% increase in pension, effect from Jan 2025
The Employees Old Age Benefits Institution (EOBI) has unveiled a significant increase in the minimum pension, bringing much-needed financial relief to pensioners nationwide. This decision reflects the organization’s commitment to enhancing the welfare of retired workers, ensuring they receive better support in the face of rising living costs.
Jazz Brings the Iconic Nothing Smartphones to Pakistan for the First Time
ROX, Pakistan’s leading youth lifestyle brand from Jazz, has partnered with Nothing, the London-based tech company known for its iconic transparent design and cutting-edge performance, and Yello stone Technologies, a leading distribution company in Pakistan, to officially launch Nothing’s iconic devices in the country for the first time.
World Bank Funds $108M for Tourism and Rural Infrastructure
The international lender okayed $78 million in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP); and $30 million to Khyber Pakhtunkhwa Integrated Tourism Development Project (KITE), enabling both projects to achieve their objectives in improving access to health and education services, markets and jobs, in a way that strengthens resilience to natural disasters in the province.
LUMS Law Clinic Launched: Bridging Legal Education with Public Service
The LUMS Law Clinic is designed to equip students with real-world legal experience while promoting access to justice and legal literacy. It supports a range of pro bono services—including legal representation in family and bail matters, and the provision of legal literacy sessions in prisons—delivered in partnership with the Punjab Prisons Department and Women Crisis Center, Lahore.