The Implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD) met today to discuss matters of land acquisition and resettlement for Diamer Basha Dam Project. It is important to note that the ICDBMD was constituted by the Supreme Court of Pakistan in July 2018 for early commencement and timely completion of Diamer Basha and Mohmand…
Pakistan’s automobile sector continued its growth momentum in February 2026, with car sales including pickups registering 17,121 units (up 41% YoY), driven primarily by strong momentum in 800cc & below cars (up 65% YoY), while the truck sector posted strong growth of 37% on the back of low financing rates. In Cars segment, SAZEW posted…
After Monday’s panic tone, the local bourse witnessed a powerful comeback as confidence swiftly returned to the market. The bulls charged aggressively from the opening bell, triggering a temporary market halt amid intense buying activity. Momentum remained strong throughout the session, pushing the index to an impressive intraday surge of 11,873 points, before settling at…
Three telecom operators Zong, Jazz and Ufone on Tuesday acquired 5G Spectrum for $507 million.. Zong, Jazz and Ufone have been successful bidders who competed heavily at 2600 megahertz for the key frequency band which is required for the 5G service. Read More: 5G Spectrum Auction 2026 Held The auction has resulted in increasing spectrum…
The cement sector earnings remained muted in 2QFY26, with sector-wide profit after taxation broadly flat at Rs34.3bn (up 1% YoY), as marginal revenue growth of 1% YoY to Rs191.6bn was largely offset by gross margin compression of 2ppt YoY to 32%. A sharp 46% YoY decline in finance costs provided meaningful bottom-line support, without which…
Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Tuesday said the spectrum auction was a historic step that would improve digital connectivity and strengthen Pakistan’s digital economy. Speaking at the opening ceremony of the Spectrum Auction for Next Generation Mobile Services (NGMS)/5G, she said Pakistan had seen several technological revolutions in the…
The government on Friday made a massive increase in petrol and diesel prices by Rs55 per litre each amid tension in the gulf region effective from March 7, 2026. The new price of petrol has been set at Rs321 per litre. The price of high-speed diesel has been increased to Rs335 per litre. Kerosene oil…
Gold prices in Pakistan declined on Friday, with the rate of 24-karat gold falling to Rs533,762 per tola, according to data released by the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-karat gold per tola dropped by Rs3,400 to reach Rs533,762 on Friday, March 6. The rate of 24-karat gold per 10…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has detected more than 200 potential competition law violations and merger cases during the past two years using artificial intelligence and automated digital tools developed by its Market Intelligence Unit (MIU). A paper titled “Leveraging Artificial Intelligence for Detecting Anti-Competitive Activities: Pakistan’s Journey toward Modernized Competition Enforcement,” published…
Pakistan and Uzbekistan pledged on Friday to boost a trade under a Five-Year Roadmap (2026–2030) road map to significantly increase bilateral trade between two countries. A high-level meeting of the Pakistan–Uzbekistan Joint Working Group was held under the chairmanship of Special Assistant to the Prime Minister, Haroon Akhtar Khan, to review progress on bilateral economic…