Suspected TTP Militant Arrested in Karachi SITE Area Raid

Law enforcement agencies have arrested a suspected militant linked to the banned Tehreek-i-Taliban Pakistan (TTP) during a joint operation in Karachi’s SITE area. The raid was conducted by Pakistan Rangers in collaboration with the Counter-Terrorism Department (CTD), according to official statements. The suspect, identified as Noor Alam alias Wafadar, was taken into custody during the…

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Gwadar Port’s Global Importance Rises Amid Regional Developments: QCCI

Gwadar Port’s global importance has significantly increased due to recent regional developments, according to Quetta Chamber of Commerce and Industry (QCCI) President Haji Muhammad Ayub Miryani. He emphasized the need for immediate measures to capitalize on emerging trade opportunities in Balochistan and beyond. Speaking at a business meeting held in Islamabad, Mr Miryani highlighted Gwadar’s…

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Maryam Nawaz Sets June Deadline for Punjab Drainage Projects Before Monsoon

Punjab Chief Minister Maryam Nawaz Sharif has directed authorities to complete all drainage and sewerage projects across the province before June, ahead of the upcoming monsoon season. The move aims to strengthen urban infrastructure and prevent flooding in major cities during heavy rains. During a high-level meeting, the chief minister instructed departments to ensure round-the-clock…

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Diesel Price Cut May Cause Rs100 Billion Loss for Pakistan’s Oil Sector

Pakistan’s oil industry has raised serious concerns over the recent sharp reduction in diesel prices, warning that it could lead to inventory losses exceeding Rs100 billion. While the price cut has brought immediate relief to consumers, including farmers, transporters, and households, it has created significant financial pressure on oil marketing companies (OMCs) and fuel dealers….

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Rising Yields May Wipe Out Over Rs600 Billion in Bank Surpluses: Report

Pakistan’s banking sector is facing significant financial pressure as rising interest rate yields are projected to wipe out more than Rs600 billion in revaluation surpluses, according to a report by Optimus Capital Management. The analysis highlights how recent shifts in the fixed-income market have reversed earlier gains and weakened bank balance sheets. The report notes…

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