Year: 2026

Yango Ride Secures Punjab’s First TNC License, Setting Benchmark for Ride-Hailing Regulation

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Karachi/Lahore: Yango Ride, part of the global tech firm Yango Group, has become the first ride-hailing platform in Pakistan to receive an official Transport Network Company (TNC) operating license from the Punjab Provincial Transport Authority, marking a major milestone for the country’s evolving mobility sector. The license allows Yango Ride to operate under the Provincial Motor Vehicle (Amendment) Act, 2025, which formally regulates ride-hailing services in Punjab. The approval follows months of engagement between the company, the Punjab Transport Ministry, and other government stakeholders to implement a comprehensive licensing framework…

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Pakistan’s Public Debt Rises by Rs14.5 Trillion During PM Shehbaz Sharif’s Tenure: SBP Data

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Islamabad: Pakistan’s federal government debt has increased significantly during the tenure of Prime Minister Shehbaz Sharif, with official data revealing a rise of Rs14.5 trillion over a span of 23 months. According to documents released by the State Bank of Pakistan (SBP), the surge in debt occurred between March 2024 and January 2026. The figures show that domestic debt witnessed a substantial increase of Rs13.303 trillion, while external debt rose by Rs1.209 trillion during the same period. The data highlights the growing reliance on borrowing amid ongoing fiscal pressures, as…

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CHN Energy Tackles ‘Last Mile’ Challenge with Recycling Breakthrough for Retired Wind & Solar Equipment

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Beijing, China: As China’s renewable energy capacity surges, managing the end-of-life phase of wind and solar infrastructure has emerged as a critical challenge. With combined installed capacity exceeding 1.48 billion kilowatts as of March 2025—surpassing thermal power for the first time—the country is now turning its focus to sustainability beyond generation. Early-generation renewable equipment, typically designed to last 20–25 years, is entering large-scale retirement. By 2050, decommissioned solar panels are projected to reach 20 million tonnes, while retired wind turbine blades could total 3 million tonnes by 2035, posing significant…

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FPCCI Raises Alarm Over Dnata’s Ad-Hoc Cargo Charges, Cites Threat to Export Competitiveness

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Karachi: Saquib Fayyaz Magoon, Chairman BMP-Progressive and Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has strongly criticized Gerry’s Dnata for imposing an ad-hoc handling charge of Rs50 per kilogram (excluding taxes) on export cargo, calling the move unfair, unilateral, and damaging to Pakistan’s already strained export sector. In a statement, Magoon highlighted that exporters are already facing mounting challenges, including rising business costs, record-high international freight rates, and a difficult global trade environment. He warned that the sudden additional charge would directly erode the…

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Trump claims victory as Iran resists, sending oil prices soaring and global economy into tailspin

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WASHINGTON: Former US President Donald Trump has claimed victory in a conflict with Iran, but Tehran continues to resist, a situation that has sent oil prices through the roof and pushed the global economy into a tailspin, according to reports. An unplanned war with unintended consequences The escalating standoff between the United States and Iran has produced far-reaching and largely unintended consequences for the global economy. What has been described as an unplanned war has spiralled into a crisis with ramifications well beyond the Middle East, affecting energy markets and international…

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