Government Moves to Install Smart Meters in Five Discos to Cut Power Losses
The federal government has decided to install Advanced Metering Infrastructure (AMI) in five power Distribution Companies (Discos) as part of efforts to modernise Pakistan’s electricity distribution system and reduce heavy financial losses. According to sources close to the Managing Director of the Private Power and Infrastructure Board (PPIB), losses caused by transmission and distribution (T&D) […]
Samsung Shares Climb as Chip Shortage Boosts Profits but Pressures Smartphones
Samsung Electronics’ shares rose 7.5% on Monday as the company prepares to report a strong increase in profit for the fourth quarter later this week. The expected rise in earnings is mainly driven by the global shortage of memory chips, which has benefited Samsung’s semiconductor business. The worldwide shortage has pushed up memory chip prices, […]
KP Government Denies Pressure in Swat Serena Hotel Closure, Cites Lease Dispute
A PTI leader in Khyber Pakhtunkhwa has denied allegations of political pressure behind the closure of the Swat Serena Hotel, saying the hotel shut down voluntarily after refusing to accept a proposed increase in its annual lease. According to the source, Akhtar Khan, a PTI Member of the Provincial Assembly (MPA) from Swat rejected claims […]
Premier Sugar Mills Reports Higher Annual Loss Despite Sales Growth
Premier Sugar Mills & Distillery Company Limited has reported a wider loss for the financial year ended September 30, 2025, despite a strong increase in sales. The company announced the results after its board approved the financial statements on Monday. According to the report, Premier Sugar Mills posted a loss after taxation of Rs. 589.94 […]
Saritow Spinning Mills Approves Rs. 419 Million Bid for Sale of Plant and Machinery
Saritow Spinning Mills Limited has approved the highest bid of Rs419 million for the sale of its plant and machinery, the company said in a disclosure filed with the Pakistan Stock Exchange (PSX). According to the disclosure, the decision was taken during a meeting of the company’s board of directors held on January 5, 2026. […]
PTCL Injects PKR 15 Billion into U Bank to Boost Digital Banking and Financial Inclusion
PTCL, the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion (approximately USD 53 million), marking one of the largest equity investments in Pakistan’s microfinance banking sector. The funding is part of PTCL’s commitment to strengthen U Bank’s capital base and support its long-term growth strategy. […]
Pakistan’s Mobile Imports Surge 40% as Local Production Sees Moderate Growth
Pakistan’s mobile phone imports rose sharply by 40.5% to $801.1 million in the first five months of FY2025-26, compared to $570.2 million during the same period last year, according to data from the Pakistan Bureau of Statistics (PBS). The increase highlights strong demand for mobile devices in the country. In November 2025 alone, mobile imports […]
Pakistan Plans $3–4 Billion Redevelopment of New York’s Roosevelt Hotel
Pakistan is set to redevelop New York’s iconic Roosevelt Hotel through a $3–4 billion project, aiming to significantly increase the value of its stake. The government plans to use a joint venture model, contributing the land while private partners provide equity and debt financing. This approach is expected to raise the value of Pakistan’s investment […]