The Competition Commission of Pakistan has approved JS Hotel REIT’s acquisition of Elite Hospitality Ventures (Private) Limited, marking a significant development in Pakistan’s Shariah-compliant real estate investment trust sector. The acquisition will be executed through a Share Purchase Agreement, allowing JS Hotel REIT, a newly established hybrid Shariah-compliant REIT operating under the

Ghandhara Industries Limited has entered into a strategic partnership with China’s Zhongtong Bus Holding Co. to introduce a new line of luxury buses in Pakistan, aiming to tap into the growing demand for high-end passenger transport in the country. Under this collaboration, Zhongtong’s buses will initially be imported as Completely Built-Up units, allowing Pakistani customers early access to

Pakistan is experiencing continued upward pressure on sugar prices, with costs rising for the second consecutive week despite the ongoing sugarcane crushing season, which normally helps stabilize or reduce rates. Fresh data from the Pakistan Bureau of Statistics (PBS) indicate that sugar prices surged by up to Rs 20 per kilogram across multiple cities, placing additional financial strain on

Islamabad – The Federal Government has revealed to the Senate that it collected over Rs 66.13 billion in just five and a half months following the recent increase in the petroleum levy, underlining the impact of the revised taxation policy on national revenue. The petroleum levy, which is applied to fuels such as petrol, diesel, and kerosene, has been a major source of income for the government

Pakistan’s largest private LPG producer, Jamshoro Joint Ventures Limited, has resumed operations after a 5.5-year shutdown, sending out its first LPG shipment on Thursday. The restart marks an important boost for the country’s energy sector, particularly at a time when stable LPG supplies are critical for households and industry.

Pakistan and Bahrain have set an ambitious goal to boost bilateral trade to $1 billion over the next three years, Prime Minister Shehbaz Sharif announced during his official visit to Manama. The visit, aimed at strengthening economic and strategic ties, included high-level meetings with King Hamad bin Isa Al Khalifa and Crown Prince Salman bin Hamad Al Khalifa.

The latest IMF report warns that Pakistan is losing up to 6.5 percent of its GDP to corruption, noting that the Rs5.3 trillion recovered over the past two years represents only a small portion of the overall economic damage. The assessment states that corruption remains widespread across all tiers of government, limiting economic growth, deterring investment, and weakening public trust in state

Bank Alfalah, one of Pakistan’s leading commercial banks and a four-time winner of the Pakistan Banking Awards for digital excellence, has introduced ‘Alfa Business – Merchants Payment Solutions’, a new platform designed to accelerate the shift from cash to digital payments across the country.

Pakistan and South Korea have announced a joint initiative to establish a high-tech Seed Potato Production and Supply Centre (SPPSC) in Islamabad, designed to reduce the country’s reliance on imported seed potatoes. The project is being facilitated by the Korea International Cooperation Agency (KOICA) and will incorporate advanced technologies such as aeroponics, tissue culture, and modern

Premium Textile Mills Limited has announced a significant investment of $4.15 million to install a new 7.5MW wind turbine, marking a major step in the company’s ongoing transition toward renewable energy. This initiative is part of the company’s broader strategy to reduce its carbon footprint, enhance energy efficiency, and move closer to meeting sustainability goals.