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Bank Makramah Limited Accelerates Recapitalization with Major Capital Injections and Strategic Asset Sale, Signaling Robust Future Growth

Karachi, July 4, 2025 – Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance…

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Pakistan’s Industrial Sector Shows Modest Recovery with 2.3% Growth in April 2025

Pakistan’s large-scale manufacturing sector reported a year-on-year growth of 2.3% in April 2025, signaling a cautious rebound in industrial activity, as per the latest data released by the Pakistan Bureau of Statistics (PBS). However, the sector witnessed a 3.2% month-on-month contraction, highlighting persisting volatility in production trends. During the first 10 months of FY25 (July-April),…

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Xiaomi and Gran Turismo announce partnership

Lahore, Pakistan, June 16, 2025 — Xiaomi and Polyphony Digital today announced a landmark partnership at Round One of the Gran Turismo World Series 2025. Under this collaboration, Xiaomi SU7 Ultra — Xiaomi EV’s top-of-the-line high-performance luxury electric vehicle — will debut in the globally acclaimed racing simulator Gran Turismo 7, for PlayStation 4 and…

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Relief Measures for Construction Sector and Overseas Pakistanis in Budget 2025-26

Pakistan’s construction sector and overseas Pakistanis are set to receive considerable relief under the proposed Budget 2025-26, reflecting Prime Minister Shehbaz Sharif’s direct intervention to address longstanding bottlenecks and boost economic growth. Sources within the Federal Board of Revenue (FBR) have disclosed that the budget will remove the Federal Excise Duty (FED) on property transactions…

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PIA Revives Eight International Routes Amid Global Expansion Plans

Pakistan International Airlines Expands Global Connectivity Pakistan International Airlines (PIA) has made a strong comeback on the international front, reinstating eight key routes over the past six months. According to details shared by the Aviation Ministry in the National Assembly, these routes include major destinations across the Middle East and Europe. Key Restored Routes and…

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PTA Attributes Internet Slowdown in Pakistan to VPN Overload

VPN Usage Overburdening Internet Bandwidth The Pakistan Telecommunication Authority (PTA) has identified excessive Virtual Private Network (VPN) usage as a key factor behind the recent internet slowdown in Pakistan. According to PTA’s report, the widespread use of VPNs has significantly increased the demand on available bandwidth, resulting in sluggish speeds across the country. Bandwidth Strain…

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How Pakistani Citizens Can Benefit from Grenada’s Citizenship by Investment Program

Grenada offers a golden opportunity for Pakistani nationals to secure a second passport through its Citizenship by Investment Program. Since its inception in 2013, the program has gained traction for its ease of application and the extensive benefits it provides. Why Choose Grenadian Citizenship? Grenada’s passport grants visa-free or visa-on-arrival access to more than 140…

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Karachi Grapples With Mobile Internet Outage Amid Security Concerns

Mobile internet services in Karachi have been disrupted since last night, triggering widespread inconvenience for residents. The suspension reportedly stems from security concerns, with affected areas facing significant challenges in maintaining online connectivity. Ministry of Interior Addresses the Issue According to the Ministry of Interior, the internet suspension is confined to high-risk areas. A spokesperson…

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Federal Cabinet Greenlights Prime Minister’s Skills Development Company and Key MoUs for National Progress

The federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, has approved the creation of the Prime Minister’s Skills Development Company, a significant initiative aimed at transforming Pakistan’s technical and vocational training landscape. The decision, made during a cabinet meeting on Tuesday in Islamabad, underscores the government’s commitment to equipping the country’s youth with…

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State Minister for IT Shaza Fatima Khawaja Unveils Nationwide e-Rozgar Centres for Youth Empowerment

In a bold move to empower the youth of Pakistan, Minister of State for Information Technology and Telecommunication, Shaza Fatima Khawaja, has announced the establishment of e-Rozgar centres across the country. The announcement was made during the National Youth Convention, where the minister emphasized the significance of these centres in fostering digital literacy and creating…

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