The Public Sector Development Programme (PSDP) has had a sluggish start this fiscal year, with only Rs5.3 billion spent in the first two months, a mere 0.5 per cent of the Rs1 trillion allocated for the year. This slow pace of expenditure, despite the closure of hundreds of projects to focus on strategic ones, raises concerns about the timely completion of vital infrastructure and social develo
The Water and Power Development Authority is set to start RCC work on the Diamer-Bhasha dam early next year, according to a statement released on Tuesday. “The under-construction Diamer-Bhasha Dam project is all set to achieve yet another milestone as roller-compact-concrete (RCC) work of the main dam will commence in early 2026 after completion of trials and excavation work on abutment and
In a significant development for Pakistan’s organised auto sector, Yamaha Motor Pakistan Ltd (YMPL) has announced the discontinuation of its motorcycle assembly operations. The decision comes as part of a change in the company’s business strategy. According to a letter posted on the company’s website and sent to its authorised dealers, Yamaha will continue to supply spare parts through its auth
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