Business

Interloop Limited approves Rs6.5 billion budget for apparel and hosiery expansion

The investment aims to modernise facilities and boost production capacity to meet growing global customer demand.

IMF warns Pakistan's external position may weaken as imports rise

LPG prices in Khyber Pakhtunkhwa reach Rs750 per kilogram as supplies dwindle

The closure of the Taftan border due to Iran-US tensions has tightened domestic supply, causing cylinder costs to surpass Rs10,000.

L'Oreal develops new skincare products to counter weight loss drug side effects

The cosmetics giant is pivoting its strategy as GLP-1 medications like Ozempic alter consumer beauty habits and cause visible skin sagging.

World Bank projects 3.8% economic growth for Pakistan this fiscal year

Muhammad Ali urges private sector to manage Pakistan's energy sector

The privatisation adviser argues that shifting management away from the state is vital to lower industrial costs and boost national productivity.

Pakistan, Qatar, Türkiye and Indonesia sign Badr defence memorandum

The agreement aims to foster cooperation in defence manufacturing among the four nations to contribute to regional peace and stability.

Pakistan identifies $8 trillion in mineral wealth across 600,000 square kilometres

The government is streamlining the sector through a new harmonisation framework to capitalise on high global demand for energy minerals.

PTCL Group net profit reaches Rs4.7 billion as revenue grows 62 per cent

The telecommunications giant saw a 181 per cent surge in operating profit while expanding its subscriber base by 1.5 million in the third quarter.

Comcast plans NBCUniversal spin-off and major job cuts by 2027

The company expects to take a restructuring charge of more than $1 billion in Q4 to facilitate a fast start into 2027.

Privatisation Commission prequalifies 10 firms for Islamabad Electric Supply Company sale

The move marks the start of a broader push to privatise several major power distribution companies across Pakistan.

Pakistan, Saudi Arabia and Turkiye sign Makkah Joint Defense Agreement

The pact establishes a collective security framework to safeguard regional sovereignty and enhance joint military capabilities through shared technology.

Brent crude hits $112 a barrel as Middle East tensions escalate

Global markets tumbled as regional instability and drone strikes on oil infrastructure drove energy prices to a five-month peak.

Meezan Bank records Rs 73.94 billion profit for nine months

The Islamic bank saw a 7 percent rise in annual profit growth as deposits surged to Rs 3.93 trillion during the first three quarters of 2026.

President Asif Ali Zardari to visit Germany to boost trade cooperation

The trip marks the 75th anniversary of diplomatic ties and aims to connect Pakistani businesses with European markets.

World Bank acknowledges Pakistan's macroeconomic stability and fiscal discipline progress

The report suggests that accelerated structural reforms could help the nation achieve annual growth rates of up to 6.9 percent.

Pakistan could triple national incomes by 2050 through structural reforms

Upgrading policies and institutions could support annual growth of 6.2 to 6.9 percent, potentially reaching Vietnam’s current income level by 2050.

Pakistan proposes Auto Policy 2026-31 to lower vehicle prices and taxes

The plan also includes cutting tariffs on localized parts to 15% by 2031 to protect local manufacturers from lost revenue on imports.

Muhammad Ali proposes TRUST framework to drive Pakistan's economic growth

The plan advocates for private sector management of energy and a broader tax base to prevent future economic crises.

Indonesia’s JAFF Market to host third Producers Exchange in November

Selected producers will receive four nights of lodging in Yogyakarta to help create films that reach audiences across Australia and Indonesia.

Pakistan delays $2 billion liquefied natural gas import decision

The delay affects a proposal for 22 cargoes to meet winter demand, which is projected to nearly double to 1,600 million cubic feet per day.

UN warns world must slash emissions to avert 2.8°C warming

Current policies could lead to 2.8°C of warming this century, requiring a 69% emissions cut by 2040 and 320 billion tonnes of CO2 removed from the air.

Pakistan net foreign direct investment falls to $1.67 billion in FY26

The decline occurs as FDI has remained below 1% of gross domestic product since 2010, with the power sector attracting 52.7% of net FDI.

Mashreq Bank Pakistan launches NEO BIZ digital banking service for SMEs

The platform targets a sector that contributes nearly 40% to the GDP and employs over 80% of the non-agricultural workforce.