The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Heavy Electrical Complex (Private) Ltd by DW Pakistan (Pvt) Ltd from IMS Engineering (Pvt) Ltd, under a share purchase agreement. DW Pakistan, a conglomerate involved in investment and acquisitions across various sectors, is not currently active in manufacturing, engineering, or energy markets.
Apple unveiled its iPhone 17 lineup on Tuesday, featuring its thinnest smartphone ever, as the tech giant works to prove it can keep pace in the generative AI race. The Silicon Valley powerhouse held its annual iPhone release event amid mounting pressures: the White House is pushing the company to reduce its dependence on Chinese manufacturing, while investors question whether Apple is truly re
The Khyber Pakhtunkhwa Assembly on Tuesday unanimously passed a resolution, denouncing the Punjab government’s ‘restrictions’ on wheat supply amid claims about a 68 per cent hike in flour prices across the province. Lawmakers from both sides of the aisle criticised the Punjab government for ‘restricting’ wheat movement from the province to KP, insisting the move has caused a crisis-like situati
The National Electric Power Regulatory Authority (Nepra) on Tuesday notified a negative fuel cost adjustment (FCA) of Rs1.79 per unit for consumers in September’s bills for power consumed in the month of July. According to a notification issued by Nepra today, the authority “decided to allow a negative FCA of Rs1.7859/kWh for July 2025, to be passed on to the consumers in the billing month of
Amid ongoing economic challenges, including the aftermath of devastating floods, Pakistan’s stock market extended its bullish momentum for a seventh consecutive session on Monday. This remarkable rally saw the benchmark KSE 100 Index surpass the 156,000-point mark for the first time in the history of the Pakistan Stock Exchange (PSX), driven by strong corporate earnings reports. According to