Prominent business tycoon Rafiq M. Habib has passed away aged 88, Habib University (HU) said on Wednesday. Rafiq was the former head of the House of Habib conglomerate, HU’s chancellor, and a member of Stile company’s board of directors. He was also the chairman of the Habib University Foundation. “With profound sorrow, Habib University mourns the passing of its founding chancellor, Rafiq M.
The State Bank of Pakistan (SBP) has projected GDP growth between 3.25 and 4.25 per cent for FY26, based on improved macroeconomic indicators. However, the textile sector has warned that high production costs and policy constraints are undermining its global competitiveness, despite the improving economic outlook. Speaking at the annual meeting of the Pakistan Textile Council (PTC) on Tuesda
The Auditor General of Pakistan (AGP) has declared the Rs507 billion Neelum-Jhelum Hydropower Project a failure in terms of objectives, planning and execution, saying it neither secured Pakistan’s water rights nor delivered the designed energy output, as its multiple tunnel faults and collapses have raised serious questions about the quality of work on a project of national importance. In its p
A parliamentary committee on Tuesday warned officials of the Ministry of Information Technology that a privilege motion could be moved against them after they refused to disclose the names of board members of state-owned telecom entities. The warning was issued by Senator Palwasha Khan, chairperson of the Senate Standing Committee on IT and Telecom, after the special IT secretary declined to sh
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