Tarbela-5 cofferdam collapse blamed on contractor, consultant and employer
Government inquiry blames contractor, consultant and employer for the collapse of Tarbela-5 Extension Hydropower Project, leading to significant cost overr
Tag
Currency
Otsuka Pakistan Limited Reports Year-on-Year Growth in Topline and Gross Margin
OTSU's topline grew by 14.34% year-on-year to Rs.2546.28 million in 2021, with gross margin climbing from 26.90% to 33.20%. The company increased…
Otsuka Pakistan Limited Reports Year-on-Year Growth in Topline and Gross Margin
OTSU reported a 14.34% growth in topline, with gross margin increasing from 26.90% to 33.20% year-on-year.
Remittances Reach Record High, Boosting Pakistan’s External Account
Pakistan's remittance inflows hit USD41.6 billion in FY26, up 8.6% from last year, but normalization is expected.
Government’s Fiscal Discipline Improves Pakistan’s Debt Profile
Government achieves primary fiscal surpluses, reduces debt-to-GDP ratio and diversifies investor base through various schemes.
LPG Importers Warn of Nationwide Shortage and Call for Urgent Pricing Review
LPG importers warn of nationwide shortage and call for urgent pricing review to prevent supply disruptions.
Michael Jackson Biopic Surpasses $1 Billion Box Office
Biographical film 'Michael' surpasses $1 billion in global ticket sales, becoming the first biopic to achieve this coveted milestone.
Exchange firms sell $6 billion to banks in FY26
Pakistan's exchange companies sold up to $6 billion to banks during FY26, highlighting the importance of remittances. State Bank has closed down…
SK Hynix Surpasses Alibaba in Largest Foreign IPO, Valued at $1 Trillion
SK Hynix made its Wall Street debut and surpassed Alibaba's record as the largest foreign IPO with a valuation over $1 trillion.
Russian aluminium dominates LME stocks as Indian supply dwindles
Russian-origin aluminium dominates London Metal Exchange warehouses as Indian supplies dwindle, while Chinese copper and nickel shares also see changes.
OpenAI Launches GPT-5.6, Introduces Three New AI Models
OpenAI has released the GPT-5.6 family of AI models with three new variants for different use cases, improving coding and knowledge work.
Karachi school ordered to reverse unlawful fee hikes
Sindh government directs Veritas Learning Circle (Primary) to refund illegal fees after increasing tuition without approval.
Pakistan’s interest burden to continue past 2028
Over 70% of interest payments in Pakistan are directed towards local banks, with foreign debt remaining uncontrollable beyond 2028.
Bahria Town Deputy CEO Sentenced for Rs. 1.7 Billion Money Laundering
Retired Colonel Khalil ur Rehman, Bahria Town’s Vice Chief Executive, has been jailed for Rs. 1.7 billion illegal money transfer case under…
Pakistan’s workers’ remittances hit record $41.6 billion in FY26
Pakistan received $41.6 billion in workers' remittances, marking a new high and reflecting the confidence of overseas Pakistanis.
Pakistan, Russia to Boost Trade and Energy Ties
Federal Minister Sardar Leghari highlights the potential for increased trade and energy cooperation between Pakistan and Russia.
Pakistan’s Leading Mufti Prohibits Cryptocurrency Trading
Mufti Muhammad Taqi Usmani declares cryptocurrency trading impermissible under Islamic law, affecting millions of Muslims in Pakistan.
ADB Cuts Pakistan’s FY2027 Growth Forecast to 3.7% Amid Rising Inflation
The Asian Development Bank has revised Pakistan's FY2027 economic growth to 3.7% amid rising inflation.
South Korean Shares Rebound as Tech Companies Rally
South Korean shares rebounded as tech companies, including Samsung and SK Hynix, saw gains following Apple’s spending plans.
Pakistan Sees Record Remittance Inflows of $41.6 Billion in FY26
Pakistan recorded its highest-ever remittances of $41.6 billion in FY26, marking a 9 percent increase from the previous year.