Karachi: Bank AL Habib has announced an upcoming revision to its ATM-related charges, which will take effect on August 1, 2025. The changes, detailed in the bank's Schedule of Charges for the second half of 2025, will impact cash withdrawals, balance ...
Read More »Large-Scale Manufacturing Sees 2.3% Growth in May
Karachi: Large-scale manufacturing (LSM) posted a year-on-year growth of 2.3% in May 2025, marking its second consecutive month of expansion after five months of declines. This growth reflects notable improvements in several key sectors, as indicated ...
Read More »Honda Atlas Cars Reports Strong MY25 Results Amid Market Growth
Karachi: Honda Atlas Cars (Pakistan) Ltd. presented a robust performance in its MY25 results, as disclosed during its recent analyst briefing. The company experienced a 42% increase in topline revenue, reaching PkR78 billion from PkR55 billion the pre...
Read More »HUBC Extends Sponsor Guarantees for Thar Power Projects
Karachi: The Board of Directors at Hub Power Company (HUBC) has approved the extension of Sponsor Support Contribution Letters of Credit (SSC LCs) for Thar Energy Limited (TEL) and ThalNova Power Thar (Pvt) Ltd (TNTPL). The extensions are valued at up...
Read More »Fuel Price Surge in Pakistan Sparks Inflation Concerns
Karachi: The recent rise in petrol and high-speed diesel prices in Pakistan has triggered alarm among business leaders and citizens, with predictions of escalating inflation and financial strain on households. Mian Zahid Hussain, a prominent figure in...
Read More »Pakistan, WFP, and Green Climate Fund Launch Project to Protect Flood-Prone Communities
Islamabad: The United Nations World Food Programme (WFP), together with the Government of Pakistan and the Green Climate Fund, launched the Integrated Climate Risk Management for Strengthened Resilience to Climate project today through an inception wo...
Read More »Debtors Waive Bankruptcy Discharge After Failing to Disclose Foreign Assets
Dallas: A Texas couple who failed to disclose assets in Dubai and Pakistan waived their bankruptcy discharge of more than $14.6 million in unsecured debt after an investigation by the Department of Justice's U.S. Trustee Program (USTP). According to...
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