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Malik Riaz's Nukta Cuts 37 Jobs as Legal Troubles Hit Funding
Malik Riaz-backed digital news platform Nukta laid off 37 Pakistani employees less than a year after its launch due to significant financial losses and a need to cut costs. The crisis directly stems from the severe liquidity crunch affecting the real estate tycoon sponsor, whose assets have been seized by the state to recover billions in fines, including a Rs 125 billion Supreme Court levy. Despite the company citing "restructuring" for the job cuts, Federal Minister Attaullah Tarar quickly intervened, announcing that the Ministry of IT and Telecommunication would provide jobs to all 37 affected employees.
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Islamic Development Bank Backs Pakistan’s M-6 Motorway with $475 Million Boost
The Islamic Development Bank (IsDB) has approved $475 million in financing for Pakistan's 306 km M-6 Sukkur-Hyderabad motorway, a crucial north-south corridor project. The $1.7 billion, six-lane motorway is part of CPEC's Eastern Alignment. While construction is planned for April 2026, the project faces delays and cost increases. The government is seeking further funding from institutions like the Saudi Fund for Development and the Asian Development Bank to cover the remaining costs.
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Islamabad IT Park Nears Completion, Set to Unlock 10,000 Tech Jobs
The Islamabad IT Park, currently 71% complete, is scheduled to be largely finished by December 31, 2025. Funded by a $76.3 million loan from South Korea, the new 12-story facility is a critical step in the "Digital Pakistan" vision. It is expected to create 10,000 job opportunities, house around 120 startups, and serve as a national hub to boost technology transfer, R&D, and IT exports.
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Islamabad's $76M IT Park Nears Completion
Islamabad's new $76.3 million IT Park is now 71% complete and scheduled to open by late December 2025. Funded by a South Korean loan, the state-of-the-art hub is a key part of the 'Digital Pakistan' vision, promising to generate 10,000 jobs and significantly boost IT exports by hosting up to 120 start-ups and SMEs.
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CDA Wraps Up Six Key Projects Worth Rs. 23 Billion in a Year
The Capital Development Authority (CDA) has completed six large-scale development projects over the past year, valued at an estimated Rs. 23 billion. The completed projects include the Jinnah Square Interchange at Serena and Jinnah Convention Chowks, the Jinnah Square Murree Road Interchange, and the Tayyip Erdogan Interchange. Additionally, the CDA widened and rehabilitated Park Road, renovated the Convention Centre, and constructed new parking plazas in commercial areas. Work is also underway on the T-Chowk Flyover.
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Signal-Free Peshawar Road: Rawalpindi to Get Three Underpasses
Rawalpindi is getting three new underpasses on Peshawar Road, a Rs6 billion project approved by the Punjab government. The underpasses—located at Race Course Park, Army Graveyard, and Chairing Cross—will create a signal-free corridor from Katcheri Chowk to Motorway Chowk, aiming to reduce travel time to 20 minutes. Construction is set to begin next month.
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Punjab’s Property Kings and the Rising Tide of Displacement
Evacuated overnight, Din Muhammad now perches on his charpai beside the M2, watching Ravi’s floodwaters swallow his village—and even the gilded streetlamps of the half-built “New Metro City Lahore.” His wife mourns their best buffalo, once the family’s top milk producer, now likely lost in the rising tide.
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A Training Ground for the Future of Work
A new wave of research and real-world success stories from Pakistan reveals that video games are not just a pastime but a powerful training ground for the modern workforce. Gamers, who routinely collaborate across time zones and make high-stakes decisions under pressure, are developing skills like real-time problem-solving, strategic adaptability, and effective remote communication. For Pakistan's youth, gaming champions like Arslan Ash and Star Anonymous prove that a career in e-sports offers a viable pathway to global income, showcasing a new model for skill-based work that bypasses traditional job markets.
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