We cover 360 degree news

Business

Business, News

by

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…

Business, News

by

In April 2025, Pakistan’s large-scale manufacturing (LSM) sector posted a 2.3% increase year-on-year, offering a short-term boost to the economy’s industrial output. However, on a month-over-month basis, the sector declined by 3.2%, reflecting the broader instability facing local industries. According to figures released by the Pakistan Bureau of Statistics, the total output for July-April FY2024-25…

Business, Events, Life style, News, Sports, Technology

by

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…

Business, Digital, News, Politics

by

The Federal Board of Revenue (FBR) is preparing to introduce a series of taxation reforms through the Finance Bill 2025-26, with an emphasis on improving tax compliance among non-filers and digital service providers. A major adjustment involves the daily ATM cash withdrawal limit for non-filers. The threshold will be raised from Rs. 50,000 to Rs.…

Business, Digital, Politics, Technology

by

The federal government has announced a substantial 43 percent cut in the development budget for the Ministry of Information Technology and Telecommunication in the fiscal year 2025-26, sparking widespread concern within Pakistan’s fast-growing tech sector. Official budget figures reviewed by ProPakistani reveal that the development allocation for the IT Ministry will drop to Rs. 13.52…

Business, News

by

Radiation Certification Inconsistencies Trigger Cargo Rejections A string of mango shipments from India destined for the United States has been turned away, resulting in a loss exceeding $500,000 for Indian exporters. The US customs authorities at major entry points—including Los Angeles, San Francisco, and Atlanta—cited issues with radiation treatment documentation as the primary cause of…

Business, Digital

by

Pakistan is making bold strides in the global tech landscape, emerging as a key player in artificial intelligence, digital finance, and startup innovation. As the Pakistan Software Export Board prepares to take the spotlight at LEAP 2025 in Riyadh, it presents a compelling narrative of digital transformation, investment potential, and technological excellence. This marks Pakistan’s biggest ever…

Business, Technology

by

Xiaomi’s Rapid Growth in the Electric Vehicle Industry Xiaomi, the tech giant best known for its smartphones, has made significant strides in the electric vehicle (EV) sector. The company’s debut sedan, the SU7, launched in March 2024, has already captured attention worldwide. With over 150,000 units delivered last year, Xiaomi is setting an ambitious goal…

Business, Digital, News, Politics, Technology

by

TikTok Goes Dark for 170 Million U.S. Users TikTok, the widely popular app owned by China’s ByteDance, ceased operations in the United States late Saturday. The abrupt shutdown follows a law requiring TikTok to either sever ties with its China-based parent company or halt its U.S. operations, citing national security concerns. Users attempting to access…

Business, Digital, Technology

by

Elon Musk, the billionaire entrepreneur and co-founder of OpenAI, has reignited his legal battle against the AI giant by asking a US court to block its transition to a profit-driven model. According to CNBC, Musk’s legal team, representing both him and his AI startup xAI, filed an injunction on Friday to halt OpenAI’s plans to…