KARACHI — Service Long March (SLM) Tyres, Pakistan’s first domestic manufacturer of all-steel radial tyres, is set for a major Initial Public Offering (IPO). Operating from a 50-acre facility in Sindh, SLM has captured 43% of the domestic radial market and recently expanded exports to the US and Brazil. Investors are closely watching this listing […]
In a monumental move for the country’s digital landscape, Google has officially announced the establishment of its first “Cloud Region” in Pakistan. This infrastructure will allow local businesses, government agencies, and start-ups to store and process data within national borders, significantly reducing latency and enhancing security. IT experts believe this move will attract billions in
Google Cloud Pakistan Launch: Tech Giant to Setup First Cloud Region in Islamabad Read More »
THAR / BERLIN — Pakistan has signed a massive $1.2 billion agreement with a German energy consortium to launch a Green Ammonia production plant in Thar. By utilizing solar and wind power, the facility will produce carbon-free hydrogen, positioning Pakistan as an emerging player in the global green fuel market. This project aims to decrease
Thar Coal to Hydrogen: Pakistan Inks $1.2 Billion Deal for Green Ammonia Project Read More »
ISLAMABAD — The Competition Commission of Pakistan (CCP) has given the final green light for the historic merger between PTCL Group (Ufone) and Telenor Pakistan. This creates the country’s largest telecom entity with a combined subscriber base of over 70 million. The merger is set to accelerate the infrastructure rollout for 5G services across Pakistan,
KARACHI — Global electric vehicle giant BYD has finalized a $200 million investment to set up its first assembly plant in Karachi. The Sindh Government has already allotted land near Port Qasim for the facility. This plant will not only provide affordable electric cars and bikes but also offers a permanent solution to high fuel
BYD to Setup Electric Vehicle Plant in Karachi: $200 Million Investment Approved Read More »
LAHORE / KARACHI — The wait for 5G in Pakistan is nearing its end. Top mobile operators have successfully completed 5G trials in Karachi, Lahore, and Islamabad. According to the PTA, internet speeds of up to 1.5 Gbps were recorded during these trials. Commercial launch is expected next month, set to transform the experience of
5G Is Here: Mobile Operators Complete Trial Runs in Major Cities of Pakistan Read More »
KARACHI — Despite the geopolitical tension, the Pakistan Stock Exchange (PSX) showed remarkable resilience today. The KSE-100 index gained over 650 points, closing in the green as local investors took advantage of low prices in the energy and fertilizer sectors. Analysts believe that while the petrol hike is a concern, the stability in foreign reserves
Market Resistance: PSX Closes High as KSE-100 Reclaims Ground Amid Economic Uncertainty Read More »
ISLAMABAD — Life is finally resuming in the twin cities as the local administration has started removing containers from major entry points. This comes after the scheduled visit of U.S. peace envoys was canceled by President Trump. While the “Islamabad Accord” is currently on hold, schools, colleges, and offices have reopened today. Commuters are advised
Islamabad Returns to Normal: Red Zone Containers Removed After Peace Talks Stall Read More »
ISLAMABAD — In a major development providing much-needed relief to the inflation-hit public, the Government of Pakistan has announced a significant reduction in petroleum prices. Petrol prices have been slashed by Rs. 36 per litre, bringing the new rate down from its previous peak. This move comes as international oil prices stabilized and the Pakistani
Huge Relief: Petrol Prices in Pakistan Slashed by Rs. 36 Per Litre Starting Today Read More »
SAN FRANCISCO / ISLAMABAD — In a proud moment for the Pakistani tech ecosystem, a Silicon Valley-based AI startup co-founded by a Pakistani entrepreneur has reportedly drawn a $60 billion buyout option from Elon Musk’s SpaceX. This development has sent shockwaves through the global tech world, highlighting the immense potential of Pakistani talent in the
SpaceX $60 Billion Deal: Elon Musk Eyes Buyout of Pakistani-Led AI Startup Read More »
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