The State Bank of Pakistan (SBP) saw a steep decline in profitability for the fiscal year 2024–25, reporting earnings of Rs. 2.5 trillion—a 21% drop compared to the previous year’s Rs. 3.41 trillion. The central bank’s annual financial statement shows that a Rs. 751 billion fall in profit was largely driven by shrinking interest income…
A senior Indian minister has reignited tensions over the Indus River, warning that not a “drop of its water” would reach Pakistan — a statement that signals a dangerous shift in South Asia’s already fragile security landscape. The comments, made by Chandrakant Paatil on X, come nine years after Prime Minister Narendra Modi first floated…
Pakistan is facing one of its worst flood emergencies in years, and officials say India’s abrupt suspension of the Indus Waters Treaty (IWT) has made a bad situation far worse. A lack of timely data sharing on dam releases and river levels is leaving Pakistan vulnerable, with floodwaters already wreaking havoc across Punjab and threatening…
Narowal, Punjab – Pakistani authorities carried out a controlled demolition of a dam embankment on Wednesday as surging monsoon floods threatened major infrastructure and submerged one of Sikhism’s holiest shrines. Three major rivers in eastern Pakistan — the Chenab, Ravi, and Sutlej — have swelled to dangerous levels following heavy rainfall and water releases from…
Manchester United’s League Cup campaign is over before it ever really began — and in the most humiliating fashion imaginable. The Premier League giants were dumped out by League Two side Grimsby Town after a dramatic 12–11 penalty shootout defeat at Blundell Park, following a thrilling 2–2 draw in regular time. This marks the first…
PESHAWAR – Khyber Pakhtunkhwa will no longer issue or accept physical stamp papers starting September 1, 2025, as the provincial government rolls out a fully digital e-stamping system in a bid to curb fraud and tighten revenue tracking. A notification issued under the Registration Act of 1908 confirms that only e-stamped documents will hold legal…
The Arts Council of Pakistan (ACP) Karachi has announced that its highly anticipated World Culture Festival 2025 will kick off on October 30, bringing together an unprecedented lineup of international and local talent. The festival will run for 39 days, wrapping up on December 7, with an expansive program that stretches far beyond its usual…
Washington, D.C. — President Donald Trump has removed Federal Reserve Governor Lisa Cook from her post, citing allegations of falsified information on mortgage documents, in a move that intensifies White House pressure on the traditionally independent central bank. The dismissal, announced Monday, came in a letter from Trump invoking provisions of the Federal Reserve Act…
ISLAMABAD/LAHORE — Pakistan’s Punjab province is bracing for days of intense rainfall and rising river levels as authorities confirm that more than 170,000 residents have been evacuated from flood-prone districts. Officials from the National Disaster Management Authority (NDMA) and Punjab’s Provincial Disaster Management Authority (PDMA) said early warnings helped initiate mass evacuations ahead of potential…
Pakistan’s National Disaster Management Authority (NDMA) has issued a fresh flood warning after India began releasing additional water into the Ravi River from the Madhopur Headworks, raising fears of severe flooding in Punjab. The warning comes just a day after New Delhi alerted Islamabad about planned water discharges into the Sutlej and Chenab rivers, which…