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News
Ghandhara Tyre’s Net Loss Surges to Rs. 1.01 Billion in FY26
11+ hour, 59+ min ago (318+ words) Ghandhara Tyre and Rubber Company Limited (PSX: GTYR) reported a sharp deterioration in its financial performance for the fiscal year ended June 30, 2026, as its net loss widened to Rs. 1.01 billion from Rs. 366.08 million a year earlier. The company’s loss per…...
KMC Announces Lifting Fuel and Vehicle Restrictions
14+ hour, 33+ min ago (291+ words) The Karachi Metropolitan Corporation (KMC) has decided to lift restrictions imposed on the use of official vehicles and fuel as part of its earlier austerity measures, restoring normal vehicle operations from September 1. According to an official notification issued by KMC…...
Yango Pakistan Partners with Mobilink Bank to Enable Driver Fleet with Shariah-Compliant Financing and Takaful Protection
15+ hour, 16+ min ago (464+ words) Bloom Pakistan Yango Pakistan Partners with Mobilink Bank to Enable Driver Fleet with Shariah-Compliant Financing and Takaful Protection Yango Pakistan, part of the global technology company Yango Group and Pakistan’s leading digital microfinance bank, Mobilink Bank have partnered to provide…...
BISP Shifts Payments to Digital Wallets
15+ hour, 48+ min ago (316+ words) The Benazir Income Support Programme (BISP) is gradually shifting its payment system to digital wallets, with Chairperson Senator Rubina Khalid saying the move will make financial assistance more convenient, transparent and dignified for millions of deserving women. During a visit…...
Govt Fuel Price Deregulation Puts Pakistan’s Refineries at Major Policy Crossroads
18+ hour, 49+ min ago (613+ words) Pakistan’s refinery sector faces a major policy crossroads as the government pushes ahead with petroleum price deregulation. Industry experts say the government must make a clear choice. It can allow market forces to determine refinery economics or continue using deemed…...
Pakistan Local Phone Production Rises 9% in July
16+ hour, 22+ min ago (263+ words) Pakistan’s local mobile phone manufacturing and assembly jumped 102% month-on-month in July 2026, reaching 3.90 million units, according to data from the Pakistan Telecommunication Authority (PTA). Production was also 9% higher than in July last year, signaling a strong recovery in the local market....
Iran Moves to Charge Ships Using Strait of Hormuz
21+ hour, 1+ min ago (224+ words) Iran’s Parliamentary Committee on National Security and Foreign Policy has approved a plan to charge fees from ships passing through the Strait of Hormuz. According to Iranian media, Iran will collect the fees in return for providing different services to…...
KP Proposes 20% Toll Hike on Swat Expressway
16+ hour, 36+ min ago (191+ words) The Khyber Pakhtunkhwa government has proposed a 20% increase in toll rates for Swat Expressway Phase-I, which would raise the current toll from Rs.270 to Rs.324. The proposal still requires approval from the provincial cabinet. The proposed hike was placed on…...
Gold Climbs to Over Three-Month High at $4,641 an Ounce
16+ hour ago (302+ words) Gold prices climbed to their highest level in more than three months on Monday as investors awaited key US inflation data and a speech from Federal Reserve Chair Kevin Warsh later this week. Spot gold rose 0.8% to $4,641.27 per ounce. Earlier,…...
World Bank Downgrades Rating of $315 Million Sindh Barrages Project
19+ hour, 36+ min ago (473+ words) According to World Bank documents, slow progress in barrage operations and institutional capacity prompted the downgrade. The Bank warned that these weaknesses could affect the long-term sustainability of major rehabilitation investments. The $314.93 million project aims to strengthen the Sindh Irrigation…...