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Web Desk
Aug 02, 2025

SBP injects more than Rs13 trillion to ease liquidity pressure on banks

The State Bank of Pakistan (SBP) pumped Rs13.32 trillion into the banking system on Friday to ease a cash crunch.

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Web Desk
Aug 02, 2025

Missed Hajj? Private scheme pilgrims to be sent next year, assures ministry

The assurance was given by HOPE, which has taken responsibility for ensuring that all eligible pilgrims will be sent on Hajj in 2026

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Web Desk
Aug 02, 2025

Chery and Nishat to start local EV production in Pakistan

Pakistan’s business tycoon Mian Mohammad Mansha is making a major move into the local electric vehicle (EV) market.

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Web Desk
Aug 02, 2025

US activist Chris Smalls returns post Israeli detention, vows more Gaza flotillas

Smalls was welcomed by family and supporters at John F. Kennedy International Airport on Friday. “Free Gaza. Free the people of Palestine. That’s all it’s about.

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Web Desk Karachi
Aug 02, 2025

EU banks demonstrate resilience in latest stress test, no breach of core capital requirements

European and US banking authorities introduced formal, comprehensive stress tests after the global financial crisis of 2008 led to costly state bailouts of banks.

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Web Desk Karachi
Aug 02, 2025

FOMO drives tech titans to invest over $344b in data centres, AI innovations

The emphasis from virtually every company executive during this earnings season was on investing as quickly as possible to get ahead.

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Web Desk Karachi
Aug 02, 2025

OpenAI launches $1b Stargate Data Centre in Norway, its first in Europe

The artificial intelligence partnership, called Stargate Norway, will initially install 100,000 Nvidia processors and could see a tenfold expansion in future phases amid soaring AI demand.

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Web Desk Karachi
Aug 02, 2025

White House to build $200m ballroom before Trump’s 2029 term end

This development marks the latest modification to “the People’s House” since Trump’s return to office in January. Notably, it will be the first structural alteration to the White House itself since the addition of the Truman Balcony in 1948.

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Web Desk Karachi
Aug 02, 2025

UK households lose £5b in savings earnings as rates drop, while debt costs rise

The BOE says the roll-off onto higher mortgage rates has further to run, with a typical borrower facing an additional £1,300 in annual home-loan payments in the next two years.

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Web Desk Karachi
Aug 02, 2025

Nintendo raises prices on original Switch console in US starting August 3

The Switch OLED and Lite models will also see price changes along with other products, including some Switch accessories. Pricing for the new Switch 2 is unchanged.