Business
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Komatsu to set up subsidiary to support Barrick’s Reko Diq mining project with $440 million equipment deal
ISLAMABAD: Barrick Gold Corporation and Japan’s Komatsu have signed a $440 million agreement to supply mining equipment for Pakistan’s Reko...
Nepra cuts power purchase price to Rs25.98 per unit for FY26
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced the national average Power Purchase Price (PPP) to Rs25.98 per...
Pakistan’s rice exports to China surge by 121pc in first five months of 2025
BEIJING: Pakistan’s rice exports to China witnessed a remarkable 121% year-on-year increase in the first five months of 2025, signaling...
Jazz reaffirms commitment to driving digital inclusion frontier as Pakistan crosses 200m mobile subscribers
ISLAMABAD: Jazz, Pakistan’s leading digital operator, proudly joins the national celebration as the country crosses the landmark of 200 million...
Govt decides to import 500,000 tons of sugar
ISLAMABAD: The Federal Ministry of National Food Security on Friday decided to import 500,000 tons of sugar to control fluctuations...
Careem ends ride-hailing operations in Pakistan
ISLAMABAD: Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges,...
Yunus Brothers Group, Arif Habib-led consortium to bid for PIA stake: sources
LAHORE: At least two major new parties have entered the race to acquire a majority stake in Pakistan International Airlines...
Rightsizing on IMF orders: Govt eliminates 40,000 jobs
ISLAMABAD: The federal government has accelerated the rightsizing of government institutions in line with the International Monetary Fund’s (IMF) directives,...
Fuel prices hiked again; petrol up by Rs4.80, diesel by Rs7.95
ISLAMABAD: The federal government has announced a fresh hike in fuel prices, raising the cost of Motor Spirit (MS) Petrol...
Helvetas Germany launches project to promote responsible business practices in cotton, rice sectors
ISLAMABAD: Helvetas Germany, in partnership with the European Union, has officially launched the Capacity-Building for Socially Diligent Agribusinesses (CSDA) project...
Zong partners with Axis Mall to launch Pakistan’s first smart building management system
ISLAMABAD: Zong, Pakistan’s leading technology innovation company has partnered with Axis Mall and apartments – V One Associates to deploy...
FTO hails Punjab CM’s decision regarding budget
LAHORE: Federal Tax Ombudsman (FTO) Coordinator Saif-ur-Rehman Friday hailed the decision of Punjab Chief Minister to present a pro-poor and...
SECP registers record-breaking 3,609 new companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered a historic high of 3,609 companies in May 2025,...
Budget 2025-26: Family pension limited to 10 years
ISLAMABAD: The federal government has proposed capping the family pension of a deceased employee at ten years as part of...
E-commerce sector to face new tax measures
ISLAMABAD: Goods and services purchased online will also be taxed as a decision has been made to impose tax on...
Uzbekistan Airways to launch direct ‘Tashkent–Islamabad’ flights starting on June 14th
ISLAMABAD: The Uzbekistan Airways will be launched direct ‘Tashkent–Islamabad’ flights starting June 14, 2025 for increasing the air connectivity between...
Jazz CEO urges tax relief for telecom sector in FY26 Budget
ISLAMABAD: Aamir Ibrahim, CEO of Jazz and Chairman of the Telecom Operators Association of Pakistan, has made an urgent plea...
CCP cracks down on collusion in fertilizer sector, imposes Rs 375 million in fines
ISLAMABAD: The Competition Commission of Pakistan (CCP) has crack down on collusion in fertilizer sector, imposed Rs 375 million in...
NHA announces 50pc surcharge on Motorway Toll for non-M-Tag vehicles
ISLAMABAD: The National Highway Authority (NHA) has announced a significant revision to its toll structure across Pakistan’s motorway network, introducing...
Govt announces reduction in electricity tariff
LAHORE: Punjab Chief Minister (CM) Maryam Nawaz Sharif on Tuesday announced a reduction in power tariffs to lower electricity bills...
