Trending News: Powerful Storm Approaching California, Flood Warnings Issued for LowlandsCold Spell Continues in Karachi Temperature to Remain Between 9°C and 11°CCan’t Risk Saim Ayub’s Career Just for Champions Trophy : Chairman PCB Mohsin NaqviKarachi Braces for Cold Spell Temperature Likely to Drop to 9°CWitness Rare Planetary Parade Today, Venus, Jupiter, Mars, and Saturn To Be Visible Without TelescopeOver 1,000 Flights Canceled as Storm Hits UK and IrelandAnother Huge Wildfire Erupts Near Los Angeles, Forces 31,000 to EvacuateQuaid-e-Azam University Ranks Among Top 500 in World University Rankings 2025PCB Announces Special Fund for International Players in PSL 10, Offering $100,000 Bonus Per PlayerSelectors Considering Shan Masood to Replace Injured Saim Ayub for ICC Champions TrophyDutch Researcher Designs Smart E-Bike to Enhance Cycling Safety Bike Uses Sensors to Predict and Prevent AccidentsKarachi University Prohibits Revealing Clothes, Casual Footwear Under New Dress CodeAbu Dhabi Ranked as the World’s Safest City for 2025UAE Becomes the Largest Importer of Pakistani MangoesFresh Snowfall Turns Swat into a Winter Paradise Attracting Tourists NationwideSunil Gavaskar Names Pakistan as Favorite for ICC Champions Trophy 2025Shakib Al Hasan’s Arrest Warrant Issued Over Unpaid Loan in 2016 Business DealPakistan’s Largest Airport, Gwadar International, to Become Operational TodayState Bank Reports Significant Rise in Imports from China, While Exports DeclineSnowfall in Balochistan’s Ziarat Valley and Surroundings Temperature Drops SignificantlyPakistan’s Exports to Afghanistan, Bangladesh, and Sri Lanka Rise Despite Overall Trade LossState Bank Data Shows Pakistan’s Trade Loss Increase Due to High Imports and Low ExportsHafiz Naeem-Ur-Rehman Officially Inaugurates “Mera Brand Pakistan Expo” in KarachiSpinners Shine : West Indies Dismiss Pakistan for 230 in 1st TestPakistan’s IT Exports Reach Record $348 Million in December, Marking 15% GrowthImran Khan Sentenced to 14 Years, Bushra Bibi to 7 Years in Corruption CaseConcerns Rise in Karachi as Three Children Abducted in a WeekSuleman Akram Raja Claims 20 PTI Members Receive Invitations to Trump’s Inauguration CeremonyVirat Kohli’s Fitness Questioned Following Neck Strain Ahead of Key TournamentsShahid Afridi Takes Javelin Throwing Lessons from Olympic Gold Medalist Arshad NadeemLivestock Expo 2025: Electrical Fault Claims Lives of Two Cattle at Karachi Expo CenterRonaldo Signs New Contract with Saudi Club Al-Nassr with Salary of 16 Crore Per DayJamaat-e-Islami Stages Protest Outside Karachi Intermediate Board Over Disputed Examination ResultsPakistan’s Gilgit Baltistan Among 50 Best Travel Destinations in World for 2025Bollywood Actor Saif Ali Khan Injured in Robbery Attempt at Mumbai ResidenceTikTok Plans Complete Shutdown in the United States on January 19 : ReportsMir Hamza Injured During Fielding in President’s Trophy MatchFawad Alam Reaches 15,000-Run Milestone in First-Class CricketProfessors in Sindh Announce University Class Boycott Over Bureaucrats Appointed as VCsRising Debt Burden Each Pakistani Now Owes Rs. 302,000, Marking a Significant IncreaseOver 700,000 Pakistanis Seek Employment Abroad in 2024Bangladesh to Import 800,000 Tons of Rice from Pakistan in 5 MonthsTragic Incident in Korangi Robbers Kill 17-Year-Old After He Raises Alarm During FleeingKarachi’s Traffic Crisis, 23 Lives Lost in Accidents Within the First 10 Days of the New YearStray Dog Overpopulation in Karachi Poses Growing Threat to Public SafetyBrave Woman Fends Off Robber in Karachi’s Federal B AreaKarachi residents face significant inconvenience as gas pressure declines across multiple areas this winter season.Prime Minister Shahbaz Sharif Celebrates Record Surge in Remittances, Calling It a Triumph for Pakistan’s EconomyRemittances Surge by 29% in December 2024, Reaching $3.08 BillionFatal Collision on Shaheed Millat Road: Two Killed, One Injured in Water Tanker AccidentKarachi Mayor Murtaza Wahab Sets New Burial Fee at Rs. 14,300, Urges Citizens to Report Overcharging at 1339Jamaat-e-Islami Announces Nationwide Protest on January 17th Over Rising Electricity PricesMinister of Energy Signals Possible Reduction in Electricity Prices by 10-12 Rupees Per UnitManhole Covers Stolen by Drug Addicts—Who Will Take Responsibility? Munim ZafarPrime Minister Shehbaz Sharif Identifies Multiple Strategies to Reduce Electricity CostsKarachi Experiences Coldest Night of Winter, Temperature Drops to 8°CKarachi Experiences Temperature Drop to 9°C, Perceived Cold at 7°CPCB Decides to Send Injured Saim Ayub to London for TreatmentNew Passport Offices Established in Central and Western Districts; Opening Scheduled for Next WeekK-Electric Begins Repair Work at Dhabeji Pumping Station, Karachi Faces 100 MGD Water ShortageJamaat-e-Islami Karachi Amir Monem Zafar Khan Criticizes Sindh Government Over Intermediate Failures of A1 Matriculation StudentsChicken Prices Surge by 100 Rupees per Kilogram in Karachi, Egg Prices Also RiseSaim Ayub to Remain Out of Cricket for Six Weeks Following InjuryAchakzai Raises Concerns Over Talks Between Government and PTI, Cites Lack of Legitimate MandateSaim Ayub Nominated for ICC Emerging Cricketer of the Year AwardKE Electric Seeks 4.98 Rupees Per Unit Electricity Rate Cut for One MonthKarachi Faces Widespread Disruptions as Protests Block Over 10 Major RoutesKarachi Experiences Coldest Night of the Season with Temperature Dropping to 6.5°C in Gulistan-e-JauharRemittances Surge by 33.6%, Reaching $14.77 Billion in Current Fiscal YearU.S. Want to Target Pakistan’s Missile Program, Imran Is Just an Excuse : Bilawal ZardariKarachi Protest Sit-ins Block Key Roads, Disrupting City Traffic2024 Declared Most Challenging Year for Business Community and Public, Says Pakistan Business ForumSindh CM Directs Completion of Malir Expressway by December 30Shafique Ends Series Without Scoring a Single Run, Achieving a Rare MilestoneJamaat-e-Islami Karachi Chief Holds PPP Responsible for Karachi’s Water CrisisHafiz Naeem Ur Rehman Calls for Reduction in Electricity Prices, Warns of ProtestsPakistan Targets Whitewash in Third ODI Against South Africa Tomorrow in JohannesburgCold Wave Intensifies in Karachi Minimum Temperature Drops to 9.2°CBanning Dumpers in City Not a Solution, Emphasis on Enforcing Traffic Laws : Sharjeel Memon50% of Karachi’s Population Facing Severe Water Shortage, Says CM Murad Ali ShahSui Southern Gas Prices to Rise by 25.78% Amid Cold SeasonKarachi Sets New Tax Collection Record with 1,110 Billion Rupees in First Five Months, Achieving 20% GrowthSindh Announces Official Winter Holidays from December 21 to December 31Pakistan’s IT Exports Decline by 2% in November, Totaling $324 MillionPunjab Assembly Approves Major Salary Hike for Lawmakers and MinistersRecord-Breaking Attendance of 550,000 at Karachi International Book Fair Historic Book Sales as Stocks Run Out Amid Massive TurnoutPrivate Schools Instructed to Allow Students to Wear Any Sweater, Jacket, or Coat to Combat ColdLiaquatabad Town Transforms Lyari Expressway Section into Urban ForestInflation Drops to 4.9%, State Bank Forecasts Further Decline in Coming MonthsState Bank Reduces Interest Rate by 2%, Bringing It Down to 13%Karachi’s Water Crisis Reaches Critical Levels as Tanker Mafia ProfitsCold Wave Persists in Karachi, Minimum Temperature Drops to 10.5°CWater Supply Line on University Road Ruptures for Third Time, Disrupting 70% of City’s Water SupplyFederal Minister Azam Nazeer Tarar Reveals Ministers’ Salary and BenefitsWorld Bank Approves $240 Million Financing to Improve Water and Sewage Systems in KarachiSindh Government To Launches First EV Taxi Service to Provide Affordable Travel to CitizensImad Wasim Announces Retirement from International CricketJapan Implements Three-Day Weekend Scheme to Boost Birth RateOpposition Leader Alleges PPP Allocated Rs. 7 Billion to MQM as Bribes; Development Work Remains InvisibleStock Exchange Sets New Record: KSE-100 Index Surges by 2500 Points, Crosses 113,000 Mark
Fri. Feb 21st, 2025
Trending News: Powerful Storm Approaching California, Flood Warnings Issued for LowlandsCold Spell Continues in Karachi Temperature to Remain Between 9°C and 11°CCan’t Risk Saim Ayub’s Career Just for Champions Trophy : Chairman PCB Mohsin NaqviKarachi Braces for Cold Spell Temperature Likely to Drop to 9°CWitness Rare Planetary Parade Today, Venus, Jupiter, Mars, and Saturn To Be Visible Without TelescopeOver 1,000 Flights Canceled as Storm Hits UK and IrelandAnother Huge Wildfire Erupts Near Los Angeles, Forces 31,000 to EvacuateQuaid-e-Azam University Ranks Among Top 500 in World University Rankings 2025PCB Announces Special Fund for International Players in PSL 10, Offering $100,000 Bonus Per PlayerSelectors Considering Shan Masood to Replace Injured Saim Ayub for ICC Champions TrophyDutch Researcher Designs Smart E-Bike to Enhance Cycling Safety Bike Uses Sensors to Predict and Prevent AccidentsKarachi University Prohibits Revealing Clothes, Casual Footwear Under New Dress CodeAbu Dhabi Ranked as the World’s Safest City for 2025UAE Becomes the Largest Importer of Pakistani MangoesFresh Snowfall Turns Swat into a Winter Paradise Attracting Tourists NationwideSunil Gavaskar Names Pakistan as Favorite for ICC Champions Trophy 2025Shakib Al Hasan’s Arrest Warrant Issued Over Unpaid Loan in 2016 Business DealPakistan’s Largest Airport, Gwadar International, to Become Operational TodayState Bank Reports Significant Rise in Imports from China, While Exports DeclineSnowfall in Balochistan’s Ziarat Valley and Surroundings Temperature Drops SignificantlyPakistan’s Exports to Afghanistan, Bangladesh, and Sri Lanka Rise Despite Overall Trade LossState Bank Data Shows Pakistan’s Trade Loss Increase Due to High Imports and Low ExportsHafiz Naeem-Ur-Rehman Officially Inaugurates “Mera Brand Pakistan Expo” in KarachiSpinners Shine : West Indies Dismiss Pakistan for 230 in 1st TestPakistan’s IT Exports Reach Record $348 Million in December, Marking 15% GrowthImran Khan Sentenced to 14 Years, Bushra Bibi to 7 Years in Corruption CaseConcerns Rise in Karachi as Three Children Abducted in a WeekSuleman Akram Raja Claims 20 PTI Members Receive Invitations to Trump’s Inauguration CeremonyVirat Kohli’s Fitness Questioned Following Neck Strain Ahead of Key TournamentsShahid Afridi Takes Javelin Throwing Lessons from Olympic Gold Medalist Arshad NadeemLivestock Expo 2025: Electrical Fault Claims Lives of Two Cattle at Karachi Expo CenterRonaldo Signs New Contract with Saudi Club Al-Nassr with Salary of 16 Crore Per DayJamaat-e-Islami Stages Protest Outside Karachi Intermediate Board Over Disputed Examination ResultsPakistan’s Gilgit Baltistan Among 50 Best Travel Destinations in World for 2025Bollywood Actor Saif Ali Khan Injured in Robbery Attempt at Mumbai ResidenceTikTok Plans Complete Shutdown in the United States on January 19 : ReportsMir Hamza Injured During Fielding in President’s Trophy MatchFawad Alam Reaches 15,000-Run Milestone in First-Class CricketProfessors in Sindh Announce University Class Boycott Over Bureaucrats Appointed as VCsRising Debt Burden Each Pakistani Now Owes Rs. 302,000, Marking a Significant IncreaseOver 700,000 Pakistanis Seek Employment Abroad in 2024Bangladesh to Import 800,000 Tons of Rice from Pakistan in 5 MonthsTragic Incident in Korangi Robbers Kill 17-Year-Old After He Raises Alarm During FleeingKarachi’s Traffic Crisis, 23 Lives Lost in Accidents Within the First 10 Days of the New YearStray Dog Overpopulation in Karachi Poses Growing Threat to Public SafetyBrave Woman Fends Off Robber in Karachi’s Federal B AreaKarachi residents face significant inconvenience as gas pressure declines across multiple areas this winter season.Prime Minister Shahbaz Sharif Celebrates Record Surge in Remittances, Calling It a Triumph for Pakistan’s EconomyRemittances Surge by 29% in December 2024, Reaching $3.08 BillionFatal Collision on Shaheed Millat Road: Two Killed, One Injured in Water Tanker AccidentKarachi Mayor Murtaza Wahab Sets New Burial Fee at Rs. 14,300, Urges Citizens to Report Overcharging at 1339Jamaat-e-Islami Announces Nationwide Protest on January 17th Over Rising Electricity PricesMinister of Energy Signals Possible Reduction in Electricity Prices by 10-12 Rupees Per UnitManhole Covers Stolen by Drug Addicts—Who Will Take Responsibility? Munim ZafarPrime Minister Shehbaz Sharif Identifies Multiple Strategies to Reduce Electricity CostsKarachi Experiences Coldest Night of Winter, Temperature Drops to 8°CKarachi Experiences Temperature Drop to 9°C, Perceived Cold at 7°CPCB Decides to Send Injured Saim Ayub to London for TreatmentNew Passport Offices Established in Central and Western Districts; Opening Scheduled for Next WeekK-Electric Begins Repair Work at Dhabeji Pumping Station, Karachi Faces 100 MGD Water ShortageJamaat-e-Islami Karachi Amir Monem Zafar Khan Criticizes Sindh Government Over Intermediate Failures of A1 Matriculation StudentsChicken Prices Surge by 100 Rupees per Kilogram in Karachi, Egg Prices Also RiseSaim Ayub to Remain Out of Cricket for Six Weeks Following InjuryAchakzai Raises Concerns Over Talks Between Government and PTI, Cites Lack of Legitimate MandateSaim Ayub Nominated for ICC Emerging Cricketer of the Year AwardKE Electric Seeks 4.98 Rupees Per Unit Electricity Rate Cut for One MonthKarachi Faces Widespread Disruptions as Protests Block Over 10 Major RoutesKarachi Experiences Coldest Night of the Season with Temperature Dropping to 6.5°C in Gulistan-e-JauharRemittances Surge by 33.6%, Reaching $14.77 Billion in Current Fiscal YearU.S. Want to Target Pakistan’s Missile Program, Imran Is Just an Excuse : Bilawal ZardariKarachi Protest Sit-ins Block Key Roads, Disrupting City Traffic2024 Declared Most Challenging Year for Business Community and Public, Says Pakistan Business ForumSindh CM Directs Completion of Malir Expressway by December 30Shafique Ends Series Without Scoring a Single Run, Achieving a Rare MilestoneJamaat-e-Islami Karachi Chief Holds PPP Responsible for Karachi’s Water CrisisHafiz Naeem Ur Rehman Calls for Reduction in Electricity Prices, Warns of ProtestsPakistan Targets Whitewash in Third ODI Against South Africa Tomorrow in JohannesburgCold Wave Intensifies in Karachi Minimum Temperature Drops to 9.2°CBanning Dumpers in City Not a Solution, Emphasis on Enforcing Traffic Laws : Sharjeel Memon50% of Karachi’s Population Facing Severe Water Shortage, Says CM Murad Ali ShahSui Southern Gas Prices to Rise by 25.78% Amid Cold SeasonKarachi Sets New Tax Collection Record with 1,110 Billion Rupees in First Five Months, Achieving 20% GrowthSindh Announces Official Winter Holidays from December 21 to December 31Pakistan’s IT Exports Decline by 2% in November, Totaling $324 MillionPunjab Assembly Approves Major Salary Hike for Lawmakers and MinistersRecord-Breaking Attendance of 550,000 at Karachi International Book Fair Historic Book Sales as Stocks Run Out Amid Massive TurnoutPrivate Schools Instructed to Allow Students to Wear Any Sweater, Jacket, or Coat to Combat ColdLiaquatabad Town Transforms Lyari Expressway Section into Urban ForestInflation Drops to 4.9%, State Bank Forecasts Further Decline in Coming MonthsState Bank Reduces Interest Rate by 2%, Bringing It Down to 13%Karachi’s Water Crisis Reaches Critical Levels as Tanker Mafia ProfitsCold Wave Persists in Karachi, Minimum Temperature Drops to 10.5°CWater Supply Line on University Road Ruptures for Third Time, Disrupting 70% of City’s Water SupplyFederal Minister Azam Nazeer Tarar Reveals Ministers’ Salary and BenefitsWorld Bank Approves $240 Million Financing to Improve Water and Sewage Systems in KarachiSindh Government To Launches First EV Taxi Service to Provide Affordable Travel to CitizensImad Wasim Announces Retirement from International CricketJapan Implements Three-Day Weekend Scheme to Boost Birth RateOpposition Leader Alleges PPP Allocated Rs. 7 Billion to MQM as Bribes; Development Work Remains InvisibleStock Exchange Sets New Record: KSE-100 Index Surges by 2500 Points, Crosses 113,000 Mark
Fri. Feb 21st, 2025

State Bank Slashes Interest Rate by 2.5%, Now at 15%

The State Bank has announced a 2.5% reduction in the policy interest rate, now set at 15%.
In its latest monetary policy statement, the central bank confirmed the rate cut.
This adjustment brings the discount rate down from 17.5% to 15%.
The decision to lower the interest rate follows a recent decline in the country’s inflation rate.

Karachi Matters Editor

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