Category: Latest News

International Atomic Energy Agency Designates Institute of Nuclear Medicine and Oncology as Collaborating Centre

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New-IAEA

ISLAMABAD: In a significant development for Pakistan’s healthcare and nuclear medicine sector, the International Atomic Energy Agency (IAEA) has designated the Institute of Nuclear Medicine and Oncology (INMOL), Lahore, as an IAEA Collaborating Centre, according to a statement issued by the Foreign Office on Tuesday. The designation was formalized during a special ceremony held at the United Nations Office at Vienna, where Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar signed the “Collaborating Centre Agreement” on behalf of INMOL with IAEA Director General Rafael Mariano Grossi. Following the signing,…

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Iran says progress made in nuclear talks with U.S. after partial closure of Strait of Hormuz

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U.S. military preparing for potential operations against Iran if Trump orders attack: sourcesIran and the United States reached an understanding on Tuesday on main “guiding principles” in talks aimed at resolving their longstanding nuclear dispute, but that does not mean a deal is imminent, Iranian Foreign Minister Abbas Aragchi said. Oil futures fell and the benchmark Brent crude contract tumbled more than one per cent after Aragchi’s comments, which helped ease fears of conflict in the region, where the U.S. has deployed a battle force to press Tehran for concessions. “Different ideas…

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Banks to close for public dealing on 1st Ramadan

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Banks to close for public dealing on 1st Ramadan

February 17, 2026 (MLN): The State Bank of Pakistan (SBP) has declared a Bank Holiday on the 1st of Ramadan-ul-Mubarak, 1447 A.H., designated for the purpose of Zakat deduction. In a circular addressed to the Presidents and Chief Executives of all Banks, DFIs, and MFBs, the central bank confirmed that it will remain closed for public dealing. All commercial banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) across the country are directed to follow suit and suspend public-facing operations on that day. However, the holiday will not affect internal operations. All bank…

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Technical Textiles: The Shift Pakistan Can’t Ignore

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Technical Textiles

The global textile landscape is transforming faster than many in Pakistan realise. What was once largely a commodity-driven business — fabrics, basic garments, bedsheets — is increasingly shifting toward technical, high-performance textiles. The textile industry does not offer protection to those who stand still. If Pakistani manufacturers do not actively expose themselves to new technologies, new products, and new ways of thinking, other countries will move ahead — and take those buyers with them. China, Vietnam, Turkey, India and even Bangladesh all benefit from strong knowledge of technical textiles. It…

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Govt notifies cuts in industrial electricity tariffs by up to Rs4.58/unit, providing relief to businesses

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electricty

Tariff cut from Rs30.80 to Rs26.23 for small industries in B1 category; from Rs30.73 to Rs26.16 for medium-sized industries in B2 category and from Rs31 Rs27 per unit for high-tension industrial consumers in the B3 category; effective from February 2026 The federal government has announced a significant reduction in electricity tariffs for industrial consumers, slashing rates by up to Rs4.58 per unit, providing much-needed relief to factories and businesses impacted by high energy costs. The revised tariffs, effective from February 2026, were officially notified following a ruling from the National…

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