PPP Punjab leaders warn of political drift

LAHORE: As hopes of forming the next government in Islamabad fade, the PPP continues its policy of fence-sitting, according to party leaders, who fear that the party’s inability to take necessary policy decisions could further alienate potential voters who would like to see it fill the political vacuum left by the embattled PTI. Party leaders…

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Sindh Rangers arrest ‘papa gang’ leader in Karachi

Suspect involved in 200–250 robberies, 40–50 motorcycles, 300–400 phones, Rs5–6m cash snatched KARACHI: Sindh Rangers, based on intelligence, arrested a gang leader involved in multiple robberies and street crime incidents in Karachi’s Shah Faisal Colony area on Friday, according to an official statement. The press release issued by Pakistan Rangers (Sindh) identified the suspect as…

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Provinces urged to lead SME financing efforts

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), on advice of the Special Assistant to PM Haroon Akhtar Khan, convened a series of five meetings with regional stakeholders, including banks and industries departments of Sindh, Balochistan, Khyber-Pakhtunkhwa, AJK and Gilgit-Baltistan (G-B) for equitable promotion of the SME financing across Pakistan. Nadia Jahangir Seth, Chief…

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SBP raises monetary policy rate by 100bps to 11.5%

State Bank of Pakistan. Photo: File In a move that defied market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced a sharp 100 basis point increase in the policy rate, raising it to 11.5%, effective April 28, 2026. The decision, revealed after the MPC meeting held earlier today, caught analysts off…

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