Karachi, December 17, 2025 — The Association of Builders and Developers (ABAD) on Wednesday issued a one-month ultimatum to the government, warning of a citywide shutdown of construction activities and protest sit-ins if rising incidents of extortion and kidnapping for ransom are not curbed by January 15, 2026.
(more…)Author: Faisal Shahnawaz
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Goods transporters call off strike after successful talks with government
Karachi, December 17, 2025 — Pakistan’s goods transporters on Wednesday ended their week-long wheel jam strike after successful negotiations with the government, following acceptance of key demands aimed at easing cargo movement across major ports and highways.
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Review of BYD Seal EV in Pakistan: Price and Specs
The BYD Seal has officially made its debut in Pakistan’s electric vehicle (EV) market, representing a major step forward in the country’s premium EV segment.
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SBP Updates Daily KIBOR Rates for December 17, 2025
Karachi, December 17, 2025 – The State Bank of Pakistan (SBP) has released the updated Karachi Interbank Offered Rates (KIBOR) for Wednesday, December 17, 2025, providing essential information for banks, financial institutions, and investors. These rates serve as a benchmark for short-term borrowing and lending in Pakistan’s interbank money market.
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Alex Carey shines with century as Australia fight back on Day 1 of third Ashes Test
Adelaide, December 17, 2025 – Australia’s Alex Carey produced a remarkable century on Day 1 of the third Ashes Test at Adelaide, helping his side recover from early setbacks against England. The hosts finished the day with momentum firmly back in their favour, edging past the 300-run mark thanks to Carey’s stellar knock.
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US Dollar Weakens by 3 Paisa Against Pakistani Rupee in Interbank Market
Karachi, December 17, 2025 – The US dollar experienced a slight decline of 3 paisa against the Pakistani rupee in the interbank foreign exchange market on Wednesday. According to the latest data released by the State Bank of Pakistan (SBP), the dollar closed at Rs280.27, down from the previous day’s closing of Rs280.30, reflecting cautious market movements.
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SBP Updates Daily Interbank Foreign Exchange Rates: December 17, 2025
Karachi, December 17, 2025 – The State Bank of Pakistan (SBP) has released the updated daily interbank foreign exchange rates for Wednesday, December 17, 2025, providing essential guidance for banking customers and businesses engaged in foreign currency transactions.
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KSE-100 Index Falls 133 Points Amid Mixed Investor Sentiment at PSX
Karachi, December 17, 2025 – The Pakistan Stock Exchange (PSX) experienced a volatile trading session on Wednesday as the benchmark KSE-100 index closed down by 133 points, reflecting mixed investor sentiment across key sectors. The index settled at 170,314 points, slightly below the previous day’s close of 170,447 points.
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Government initiates lithium-ion battery policy to boost local manufacturing
Islamabad, December 17, 2025: The Government of Pakistan has launched efforts to formulate a comprehensive lithium-ion battery policy aimed at promoting domestic production and reducing import dependence. The initiative was discussed in a high-level meeting chaired by Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, on Wednesday.
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Steve Smith ruled out of third Ashes Test, Usman Khawaja to replace him
Australia have suffered a major setback ahead of the third Ashes Test against England, with star batter Steve Smith ruled out due to illness.
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