News

The State Bank of Pakistan (SBP) has issued new Climate Stress Testing Guidelines for banks and other regulated financial institutions. This major step aims to help Pakistan’s financial system prepare for climate-related risks, including natural disasters, floods, heatwaves, and the transition to a low-carbon economy. Climate change is no longer just an environmental issue. It…

Scientists have finally uncovered the key reasons behind the extreme summer heat in the Arabian Gulf, one of the hottest marine regions on Earth. A new scientific study conducted by researchers at NYU Abu Dhabi’s Mubadala ACCESS Center explains why some summers in the Gulf become exceptionally hotter than usual, causing serious threats to coral…

Pakistan has taken a historic step in reforming its skills development and human capital financing by launching the country’s first-ever Pakistan Skills Impact Bond, backed by a Rs. 1 billion government guarantee from the Ministry of Finance. This innovative initiative marks a major shift from traditional government-funded training programmes to a results-based, private-capital-driven model. The…

The Federal Board of Revenue (FBR) has intensified its enforcement drive by sealing two sugar mills in Central Punjab after uncovering serious violations of Pakistan’s tax laws. The action, announced on December 30, 2025, is part of the government’s zero-tolerance policy against tax evasion and persistent non-compliance in high-risk sectors. According to an official FBR…

The Maryam Nawaz Pink Scooty Scheme 2026 is a landmark initiative launched by the Government of Punjab to promote women empowerment, safe mobility, and financial independence. Under this scheme, thousands of women across Punjab will receive free or highly subsidized pink scooters, helping them overcome daily transportation challenges. For years, lack of safe and affordable…

The Pakistan Banks Association (PBA) has entered a new phase of leadership and governance after electing a 16-member Executive Committee, marking a significant step toward greater inclusivity, broader industry representation, and modern governance in Pakistan’s banking sector. Following the elections, the newly formed Executive Committee unanimously elected Mr. Zafar Masud, President and Chief Executive Officer…

To modernise agriculture and reduce farmers’ dependence on expensive diesel and electricity, the Government of Punjab has officially launched the Solar Tubewell Scheme 2026 under the Chief Minister Solarization Program for Agricultural Tubewells. This expanded initiative aims to provide heavy subsidies of up to 75%–80% to farmers for converting their diesel or electric tubewells to…

Test cricket in 2025 once again proved why it is considered the purest and toughest format of the game. Across England, Australia, Asia, and beyond, the year delivered unforgettable performances, record-breaking innings, and match-winning spells that defined careers and shaped legacies. From dominant batters piling on runs in challenging conditions to bowlers terrorizing lineups with…