کاروبار

Pakistan defers decisions on genetically modified crop applications

The National Biosafety Committee requested more technical clarity before approving soybean imports and corn biosafety licences.

Sardar Awais Ahmad Khan orders reforms to electricity distribution billing

The measures aim to eliminate manual billing errors and enforce strict penalties for field staff who issue discretionary detection charges.

Uzbekistan adopts Samarkand Declaration on children's wellbeing at global summit

Uzbekistan organized the summit with the UN, UNICEF, WHO and the World Bank to address the needs of children who make up one third of the population.

China leads Pakistan's Rs8.099 trillion foreign-funded development portfolio

While China provides the largest share of funding, the government has allocated Rs345.625 billion for these projects in the 2026-27 fiscal year.

Pakistan's listed oil refineries report over 1,000 percent profit growth

The surge in earnings follows a period of high refining margins and increased capacity utilisation across the domestic energy sector.

Moderna and Merck cancer vaccine cuts melanoma death risk by 42 percent

The companies are preparing to file for US approval and expect the vaccine to launch in 2027.

Pakistan corporate transparency scores drop as new assessment covers 104 companies

The current average score of 66.73% is a decline from the 72.3% average recorded for 69 companies in the previous report.

Pakistan to apply for new EU GSP+ trade scheme in 2027

The move aims to secure continued trade preferences as the current framework expires, with a grace period extending benefits until 2028.

Pakistan Stock Exchange refunds SE Fruits and Vegetable Limited IPO investors

The move follows a regulatory suspension after discrepancies between reported sales and tax returns were discovered in the company's prospectus.

Pakistan considers creating new federal tax collection agency to boost revenue

The move follows fears of a Rs650 billion revenue shortfall and a history of missing annual targets by over Rs1.1 trillion.

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.