Aftab Maken ISLAMABAD: Pakistan International Airlines (PIA) recently trumpeted a “profit” of Rs 13.1 billion for the first half of FY2025, a claim that, on the surface, might suggest a miraculous turnaround for the beleaguered national carrier. However, a deeper dive into the government’s own State-Owned Enterprise (SOE) report reveals …
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Aftab Maken ISLAMABAD: While Pakistan State Oil (PSO) has announced a seemingly robust profit after tax of Rs 11.2 billion for the first half of FY25, up from Rs 7.7 billion in the same period last year, a closer look at the company’s financial health reveals a persistent and alarming …
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Losses mount despite top-line growth; Telenor deal adds to debt woe Aftab Maken ISLAMABAD: PTCL Group has posted a growth in consolidated revenues for FY2024, touching Rs 219.78 billion – up from Rs 188.66 billion last year – but the numbers tell only half the story. Beneath the surface, the …
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Aftab Maken ISLAMABAD: The President of Pakistan has issued the Virtual Assets Regulatory Authority Ordinance 2025, which comes into immediate effect across the country. This ordinance introduces a comprehensive legal framework for overseeing virtual assets and their service providers in the country. Under the ordinance, the Authority will function as …
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Aftab Maken ISLAMABAD: Federal Minister for Energy Awais Khan Leghari has said that, under the directives of the Prime Minister, significant progress has been made in improving governance and introducing reforms. Within one year, losses amounting to Rs 591 billion have been successfully reduced to Rs 399 billion. During the …
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Aftab Maken ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari has informed the National Assembly’s Standing Committee on Power that the country is suffering electricity theft of Rs 250 billion annually. He further said that K-Electric can now draw up to 600 MW from the national grid, bringing its …
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Aftab Maken ISLAMABAD: Finance Minister, Senator Muhammad Aurangzeb, today spearheaded crucial discussions on two key government initiatives: the ongoing implementation of the National Tariff Policy and the imminent launch of the Prime Minister’s Fan Replacement Program. These meetings underscore the government’s commitment to boosting economic competitiveness and promoting energy efficiency. …
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Aftab Maken ISLAMABAD: The Competition Commission of Pakistan (CCP) has undertaken aggressive enforcement actions to uphold fair business practices and safeguard consumer rights during the fiscal year 2024–25. The Commission targeted cartelization, abuse of dominant market positions, and deceptive marketing practices across key economic sectors. According to the CCP’s annual …
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Mahtab Bashir ISLAMABAD: In an era where nations are racing towards knowledge economies, Pakistan’s Higher Education Commission (HEC) is laying the foundation for an intrepid, tech-driven academic future. HEC Chairman Dr. Mukhtar Ahmed has unveiled a sweeping vision for transforming the country’s higher education landscape, aiming to empower 15 million …
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Aftab Maken ISLAMABAD: Pakistan’s car market is facing a big shock following the Federal Budget 2025-26. Major car makers like Pak Suzuki Motor Company and Lucky Motor Corporation (LMC) have announced sharp price increases on their vehicles, effective July 1, 2025. These hikes come after the government raised the sales …
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