The Pakistan Telecommunication Company Limited (PTCL), has entered into profits after more than four years after acquiring Telenor Pakistan. The company has announced to formally launch the 5G services from next month. Meanwhile top management refrained from responding to pay $800 million dues to Pakistan at a time when Pakistan had paid loan to UAE…
Pakistan’s fast-evolving SUV market is beginning to see a new layer of competition — not just between brands, but within the same global automotive groups. A case in point is the comparison emerging between the Chery Tiggo 7 PHEV and the Jaecoo J7 two different brands under the umbrella of Chery, a Chinese automobile giant….
Gold prices in Pakistan recorded a significant decline on Monday, reflecting a downward trend in international markets, according to data released by the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-karat gold per tola fell by Rs4,900 to settle at Rs501,162. Similarly, the rate of 24-karat gold per 10 grams declined by…
CCP has maintained Rs35m penalty for deceptive marketing. The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan (CCP)’s order dated 27 May 2025 against Kingdom Valley (Pvt.) Limited, directing the real estate developer to deposit a penalty of Rs35 million for misleading consumers about the location and approval status of its housing…
Pakistan orders Frontier Holdings to explain alleged unlawful use of confidential inquiry reports in court proceedings amid an escalating ownership dispute involving SEPL. Pakistan’s petroleum regulator has asked Frontier Holdings Limited to explain its use of disputed confidential documents in ongoing legal proceedings, intensifying scrutiny of the company’s conduct amid a wider ownership conflict involving…
OGRA has processed the payment of PKR 38 Billion in Price Differential Claims of the OMCs. While implementing the Federal Government decision to maintain the fuel prices at affordable level, the Oil and Gas Regulatory Authority (OGRA) has processed the disbursement of approximately PKR 38 billion in Price Differential Claims (PDC) to 34 Oil Marketing…
Plug-in hybrids gain traction as EV adoption faces constraints. Chery Master Pakistan has received over 2,000 bookings for its plug-in hybrid vehicles, signaling early momentum for electrified mobility in Pakistan’s auto market.The bookings cover the company’s Tiggo PHEV lineup, including Tiggo 7, Tiggo 8, and Tiggo 9 models, reflecting demand across urban and family SUV…
Court backs govt move to end employee electricity subsidy The government has abolished free electricity units for power sector employees, with Federal Minister for Power Division Awais Leghari welcoming the Lahore High Court’s decision in favor of the policy. In a statement posted on X on Friday, Awais Leghari said the court had accepted the…
New REIT listing opens real estate access for PSX investors The Securities and Exchange Commission of Pakistan (SECP) has approved the Offer for Sale of units of JS Rental REIT, opening a new investment avenue for Pakistan Stock Exchange investors. The approval allows general investors to participate in a rental Real Estate Investment Trust scheme…
The electricity situation improved during the night of April 16–17 due to increased water releases from dams, which led to a significant rise in hydropower generation and a notable reduction in load management hours across the country. According to the spokesperson of Power Division, water discharge from dams increased to 30,000 cusecs, compared to 8,000…