News

Flour millers blame Punjab ban for wheat crisis

As consumers continue to pay inflated prices for various flour types, millers have accused the Punjab government of creating an artificial wheat and flour crisis by imposing a ban under Section 144 on the inter-provincial movement of wheat and related products. The Pakistan Flour Mills Association (PFMA) South Zone argued that such restrictions contradict the wheat deregularisation policy and v

Google keeps Chrome and Apple deal but must share data in big antitrust ruling

Google won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US antitrust enforcers, but ordering Google to share data with rivals to open up competition in online search. Google parent Alphabet’s shares were up 7.2 per cent in extended trading on Tuesday as investors cheered the judge’s ruling, which also allows Google t

Construction activity spurs cement demand

Rising construction activity continued to fuel cement demand in August, with total sales climbing 10.33pc year-on-year to 3.097 million tonnes, up from 2.807m tonnes in the same month last year. Export volumes also posted a strong gain, rising 22.13pc to 749,723 tonnes from 613,857 tonnes in August 2024. According to data released by the All Pakistan Cement Manufacturers Asso­ciation (APCMA), o

Paperboard industry warns of dumping risk

The government’s decision to fix a low Import Trade Price (ITP) of $610 per tonne for coated bleached board is likely to encourage the dumping of cheaper paperboard products — primarily from China — posing a serious threat to Pakistan’s domestic industry. Millers warn of job losses, revenue erosion, and idle capacity as they struggle to compete with underpriced imports. The Pakistan paperboa

PTCL, Link Dot pay fines in ICH ruling

The Competition Commission of Pakistan (CCP) has recovered Rs495 million in partial penalties from Long Distance International (LDI) operators in the long-running International Clearing House (ICH) case, following the tribunal’s endorsement of the CCP’s original decision. The recovery includes Rs458m from Pakistan Telecommunication Company Ltd (PTCL) and Rs37m from M/s Link Dot Net. The Comp