BusinessA report by Optimus Capital Management says a 150 basis point rise in yields could wipe out more than Rs600 billion in bank revaluation surpluses. It estimates gross losses at Rs685 billion, with major banks facing significant pressure on book value.
BusinessPakistan has launched trade operations under the Pakistan-Iran transit corridor, with the first frozen meat consignment sent to Tashkent via Iran. Officials say the route will support exports, improve connectivity and reduce transit costs.
CITYPower outages and overcrowding disrupted the second day of Board of Secondary Education Karachi annual exams. Students at several centres faced extreme heat, while some in New Karachi reportedly had to share benches.
CITYGulshan-e-Iqbal police in Karachi said they arrested two suspects accused of targeting schools in night-time burglaries. Police said stolen equipment, including computers, was recovered during the operation.
NATIONALSindh Police has decided to establish an Aerial Surveillance Wing for continuous monitoring of cities, highways, traffic, railway tracks and riverine areas. A committee of senior officers will finalise the unit’s structure, SOPs and operational framework.
EducationHEC Chairman Dr Niaz Ahmed and LCCI President Faheemur Rehman Saigol discussed closer coordination between academia and industry in Lahore. The meeting focused on curriculum reform, modern skills and youth potential.
WorldA reform of Germany’s debt brake is unlikely to advance during the current legislative term, according to a report by Bild. The panel set up to propose changes has reportedly failed to reach consensus and may issue only non-binding ideas.
NATIONALChief Minister Maryam Nawaz Sharif has sought weekly progress reports on Punjab development schemes in 51 cities. She also said Pakistan’s leadership played a key reconciliatory role as Iran-US talks began in Islamabad.
NATIONALTraditional fairs across South Punjab are drawing crowds with kabaddi, food stalls, swings and shrine-based gatherings. Residents say the events promote harmony, strengthen community ties and help preserve regional culture.
NewsPolice in Toba Tek Singh arrested a man after his wife reported domestic violence through the Virtual Women Police Station. Authorities said video evidence supported the complaint and a case was registered.
CITYA trader was robbed of Rs7 million at gunpoint in Chakdara and was seriously injured in the attack, according to Lower Dir police. Traders have given police three days to arrest the suspects or face street protests.
NATIONALThe Peshawar High Court has set aside an Accountability Court order freezing assets in the Upper Kohistan scandal case, calling it unlawful. The case has been sent back for a fresh decision within one month.
