Author: Iqra Khan

Islamabad, Apr 8, 2025: URLs Over Financial Fraud, In a significant move to counter rising cyber scams, the Pakistan Telecommunication Authority (PTA) has initiated action against deceptive online content by processing URLs Over Financial Fraud for blockage. A total of 604 links, associated with digital financial deceit. READ MORE:

Islamabad, Apr 8, 2025: Diesel Inventory Peaks as Pakistan’s energy sector faces a mounting challenge driven by inaccurate diesel demand forecasts. A significant mismatch between projected and actual consumption has left Pak Arab Refinery Limited (Parco) the country’s largest refinery in a difficult position, with unsold diesel stockpiles reaching unprecedented levels. This crisis, if not addressed promptly, could disrupt refinery operations and create serious setbacks for domestic fuel production. The inflated demand estimate issued by the Oil and Gas Regulatory Authority (OGRA) created space for foreign imports, reducing reliance on domestically refined diesel. Diesel Inventory Peaks due to this imbalance,…

Islamabad, Apr 8, 2025: Pakistan and Denmark have reaffirmed their strategic alliance by deepening a $2 billion collaboration aimed at transforming Pakistan’s maritime sector. This renewed pledge highlights both nations’ shared commitment to global trade competitiveness, sustainability, and economic resilience through modernizing port infrastructure and integrating clean energy solutions. During a high-level meeting between Pakistan’s Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, and Danish Ambassador Jakob Linulf, both sides agreed to fast-track the execution of a Memorandum of Understanding (MoU) previously signed. READ MORE:

Islamabad, Apr 8, 2025: Equal Power Tariffs have become a critical demand echoed once again by Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, who appreciated Prime Minister Shehbaz Sharif’s recent announcement of a Rs. 7.59 per unit reduction in electricity prices for industrial sectors. While this relief has been welcomed as a positive step toward energy reform, Alvi urged the government to take a bolder stance by ensuring Equal Power Tariffs across all regions especially aligning Karachi’s rates with those of other major cities. According to Alvi, power tariffs in Karachi are unjustifiably higher, with a…

Islamabad, Apr 8, 2025: Mari Energies Limited is pleased to announce the Fourth gas/condensate discovery at Spinwam-1 exploratory well in the Lockhart Formation, drilled in Waziristan Block, located in North Waziristan district, KP Province. This follows the previous announcements on 25th February 2025, 17th March 2025 and 3rd April 2025, highlighting hydrocarbon discoveries in the Samanasuk, Kawagarh, and Hangu formations, respectively, in the same well. The testing of the Lockhart Formation has shown a flow rate of 70.3 MMSCFD of gas and approximately 310 bbl/day of condensate at 64/64” choke size. The Well Head Flowing Pressure (WHFP) of 3,264 psig…

Islamabad, Apr 8, 2025: Pakistani Fintech Raises a substantial funding round, further cementing its position as a frontrunner in the financial technology sector. Haball, a leading name in Pakistan’s digital payments and supply chain financing arena, has successfully secured a remarkable US$52 million in its pre-Series A round. This includes both equity capital and strategic financial backing, showcasing growing investor confidence in the startup’s vision and impact. The equity portion of US$5 million was spearheaded by Zayn VC, one of Pakistan’s top venture capital firms. Additional participation came from Majlis Advisory SPV, key Saudi investors, angel backers, and a major…

Islamabad, Apr 7, 2025: In a significant move aimed at bolstering Pakistan and China Partner for cotton industry, two key state-supported institutions one from China and the other from Pakistan have joined forces to advance cotton production using cutting-edge technology. This partnership, formalized through a memorandum of understanding (MoU), is designed to rejuvenate Pakistan’s cotton sector, which plays a pivotal role in the country’s economy. Cotton is an essential crop for Pakistan, positioning the nation as the fifth-largest cotton producer and the third-largest producer of cotton yarn globally. This sector contributes a substantial 0.8% to the national GDP and accounts…

Islamabad, Apr 7, 2025: Several public Universities Struggling Financially in Pakistan, particularly three federally chartered institutions, have been in discussions with the finance ministry for over two months, seeking additional financial support due to the severe financial strain they are experiencing. Despite the education ministry’s submission of a request in January for a grant of Rs2.5 billion, no decision has yet been made. This delay has left these institutions, including Quaid-i-Azam University, International Islamic University Islamabad (IIUI). Federal Urdu University of Science and Technology, struggling to manage their day-to-day operations. The universities are facing significant challenges in paying salaries and…

Islamabad, Apr 7, 2025: The global repercussions of climate change are undeniable, prompting urgent discussions on innovative and sustainable solutions. One such solution gaining momentum is Climate-Smart Agriculture (CSA), an approach designed to enhance agricultural productivity while adapting to and mitigating the adverse effects of climate change. The reality of climate change is evident through the rise in extreme weather events droughts, floods, heatwaves, and unpredictable rainfall which are now commonplace. These unpredictable shifts in weather patterns not only disrupt food and water production but also threaten global economic stability. Pakistan, with its heavy reliance on agriculture, faces direct consequences…

Islamabad, Apr 7, 2025: Meta Launches LLaMA 4 AI, ushering in a new era of artificial intelligence with the introduction of its fourth-generation LLaMA models. This latest release includes three powerful variants: Scout, Maverick, and Behemoth, marking a significant milestone in Meta’s strategy to strengthen its position in the rapidly growing open-source AI landscape. The models, which were unveiled on Saturday, utilize a cutting-edge mixture-of-experts (MoE) architecture designed to enhance performance by directing queries to specialized segments within the model. Meta asserts that this approach boosts the models’ efficiency, enabling them to excel at complex tasks such as reasoning, coding,…