City Karachi Financial News

Considering cryptocurrency to be "a tool for money laundering", the Karachi-based Federal Investigation Agency (FIA) recently announced its intention to clamp down on cryptocurrency dealers in Pakistan.

For the emerging megacities of Asia, the oil crisis that spread out from the Strait of Hormuz is like the acute phase of a chronic condition. The largest migration in human history is filling their streets and alleyways to bursting point.Urbanization and births will add a billion more people between now and 2050. Jakarta and Dhaka, with 42 million and 37 million people respectively, have overtaken Tokyo at 33 million as the world’s biggest metropolises.

Subscribe to enjoy similar stories. The last thing we hear in Dhurandhar is: Yeh naya Hindustan hai. Yeh ghar mein ghusega bhi, aur maarega bhi—this is the new India.

Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.

Pakistan International Airlines (PIA) flight landed at Lahore’s Allama Iqbal International Airport with a missing rear wheel, an airline official confirmed on Friday. Fortunately, no accidents or incidents were reported following the Thursday morning landing. The domestic flight, PK-306, had departed from Karachi for Lahore when it was discovered upon landing that one of its rear wheels was missing. A PIA official told PTI that an investigation has been initiated to determine whether the aircraft took off from Karachi with the missing wheel or if it detached during takeoff. Some wheel fragments were later found at Karachi airport, suggesting possible damage before departure. “It appears that one of the rear wheels was in poor condition when the aircraft took off,” the official noted. Despite the missing wheel, a PIA spokesperson reassured that PK-306 made a “smooth and uneventful landing” as scheduled, with passengers disembarking normally.

David Miller said his team’s hop to Dubai and back ahead of t h e i r Champions Trophy semifinal defeat to New Zealand in Lahore was “not ideal”. The tangled scheduling of the event came into question as Australia and South Africa both had to fly to Dubai from Pakistan ahead of the semi-finals. South Africa were there for less than 24 hours before jetting back again without playing a game. Australia stayed and lost in the last four to India. The haphazard scheduling was a result of India playing all their games in Dubai after refusing to travel to Pakistan. “It’s only an hour and 40 minute flight, but the fact that we had to do that was not ideal,” Miller said after South Africa lost to New Zealand on Wednesday by 50 runs. South Africa made what was ultimately a wasted trip soon after defeating England in Karachi on Saturday. “It’s early morning, it’s after a game and we had to fly. Then we got to Dubai at 4:00 pm. And at 7.30 am we had to come back. It doesn’t make it nice.

A 21-member Bangladeshi delegation, including politicians, student leaders, and scholars, recently toured China (Feb 25–Mar 6) at Beijing’s invitation, Global Times reported. The group was reportedly wowed by China’s tech and infrastructure, and many now see the Belt and Road Initiative (BRI) as key to Bangladesh’s economic future. They visited top Chinese firms like BYD and LONGi, soaking in China’s modernization drive. It should be noted that China agreed in principle to extend Bangladesh’s loan repayment period and is reviewing a request to lower interest rates, Dhaka Tribune reported. Bangladesh urged China to reduce interest rates from 2-3% to 1%, waive off the commitment fee, and extend loan repayment terms from 20 to 30 years for Preferential Buyer’s Credit (PBC) and Government Concessional Loans (GCL).

Pakistan's cargo ship will soon reach Bangladesh's Mongla Port in 53 years. By allowing Pakistani ships to dock at its ports, Bangladesh's interim government is sending a a clear message to India. The erstwhile Sheikh Hasina government had given India access to Bangladesh's Chittagong and Mongla Ports to bolster sub-regional connectivity. Pakistan flagged carrier vessel, loaded with 25 metric tonnes of rice, left Karachi's Qasim port a few days ago and is expected to anchor at Chittagong Port this week, according to persons familiar with Pakistan-Bangladesh ties. After unloading 60% of the cargo (rice) at Chittagong, the vessel with the remaining quantity of rice will move towards Mongla, claimed one of the persons.

South Africa vs England LIVE SCORE, Champions Trophy 2025: Welcome to the live coverage of the ICC Champions Trophy 2025 clash between South Africa and England at the National Bank Stadium in Karachi. While England have already been eliminated, they will be looking to salvage some pride with a strong performance. South Africa, on the other hand, will aim to finish their group stage on a high note and gain momentum.Can England end their campaign with a win, or will South Africa dominate once again? Stay tuned for live updates, scores and key moments from this exciting battle!South Africa vs England LIVE SCORE: For South Africa, this match is crucial.

Ricky Ponting believes Pakistan's chances of success in the ICC Champions Trophy 2025 have taken a significant hit following their 60-run loss to New Zealand in the opening match.

Rohit Sharma's men aiming to seal a semifinal spot and Mohammad Rizwan's team desperate to avoid early elimination from the tournament. While India are on a high after claiming a measured six-wicket win over a sprightly Bangladesh, Pakistan are evidently tense after the 60-run loss in the tournament-opener against New Zealand.

India and Pakistan here on Sunday, fast bowler Haris Rauf has said that his team will take the game against Rohit Sharma's side just like any other match, and aim for victory to stay in contention. Pakistan, after being beaten by New Zealand in the opener at Karachi, need to beat India to stay in contention for a place in the knockout stage of the eight-team tournament.

ICC Champions Trophy 2025 at the National Stadium in Karachi on Wednesday. The two teams recently locked horns in an ODI Tri-series, where New Zealand emerged victorious in the final. Pakistan will look for revenge where the stakes are much higher.

Champions Trophy 2025 is set to kickoff with defending champions and hosts Pakistan playing against New Zealand in the tournament opener at the Nation Stadium in Karachi on Wednesday.

Rashid Khan was seen enjoying a game of table tennis with Pakistan players Haris Rauf, Shaheen Afridi, and Fakhar Zaman. The players are currently in Karachi for the ICC Champions Trophy 2025.

Uttar Pradesh embarked on a perilous journey to Pakistan in pursuit of romance, only to face both emotional devastation and the looming possibility of imprisonment after his virtual sweetheart refused to marry him.

Pakistan Cricket Board (PCB) will hold the opening ceremony of the upcoming Champions Trophy on February 16 in Lahore along with ICC.

Kabhi Main Kabhi Tum, a Pakistani drama that resonated deeply with viewers across the globe. With Hania Aamir portraying Sharjeena and Fahad Mustafa in the role of Mustafa, the series left a lasting impression through its captivating storyline, unforgettable characters, and soulful music, becoming a cultural sensation. However, it was Mustafa’s bike that became a part of his character appeal and now it has been auctioned.

State-run Pakistan International Airlines has resumed direct flights to Europe following a decision by the European Union’s aviation safety agency to lift a four-year ban over safety standards