In a benchmark financial performance on the Pakistan Stock Exchange (PSX), Fauji Fertilizer Company Limited (PSX: FFC) has announced exceptional corporate earnings for the nine-month period ended September 30, 2026, posting a record profit after tax of Rs. 64.2 billion. Reflecting its robust operational margins and strong cash-flow generation, the Board of Directors declared an…
In what marks a watershed development for Pakistan’s clean energy storage and electric mobility ecosystem, Margalla Heavy Industries Limited (MHIL)—a defense-industrial enterprise operating under Heavy Industries Taxila (HIT) in the Rawalpindi district—has formalized a landmark $2.25 billion agreement with a Chinese consortium and local private investors to establish the country’s first large-scale Lithium-Ion Battery Gigafactory.…
In an architectural and vertical urban planning milestone for the federal capital, the Capital Development Authority (CDA) has formally granted building design and regulatory approval for Citadel One3, developed by Chakor Ventures. Soaring 40+ storeys above Jinnah Avenue in Islamabad’s Blue Area, the ultra-luxury condominium complex is slated to become the tallest residential tower in…
In a commercial milestone for Pakistan’s luxury consumer technology sector, Mercantile, an official authorized distributor for Apple products in Pakistan, has commenced official sales for Apple’s inaugural foldable smartphone—the iPhone Duo. Positioned at the apex of ultra-premium mobile hardware, the device arrives fully compliant with domestic regulatory standards, featuring complete Pakistan Telecommunication Authority (PTA) approval…
In what marks the largest single foreign direct investment (FDI) transaction in Pakistan’s real estate history, Qatar-based conglomerate TAAMEER Group has officially launched EVORA City in Lahore, committing an estimated total development outlay of $5 billion. Unveiled following high-level bilateral diplomatic and business engagements between Qatari investors and Pakistan’s federal leadership, the project represents a…
In a major development regarding national infrastructure financing, the Water and Power Development Authority (WAPDA) has submitted a revised PC-I for the under-construction Mohmand Dam Hydropower Project to the Central Development Working Party (CDWP), escalating the estimated cost to Rs 666 billion. This represents a 115% increase (an additional Rs 356 billion) over the project’s…
In an incident highlighting municipal regulation and heavy-vehicle management in the federal capital, an overheight flatbed trailer carrying a heavy industrial excavator smashed into the newly installed overhead lighting fixtures at the Margalla Enclave Underpass along the Park Road corridor in Islamabad. The collision sheared through decorative structural archways and shattered high-grade LED ceiling panels,…
In a major regulatory enforcement action protecting property investors in the federal capital, the Capital Development Authority (CDA) Planning Wing (Directorate of Housing Societies) has officially cancelled and withdrawn the approved Layout Plan (LOP) for Tele Town Housing Scheme, located in Zone-V, Islamabad, with immediate effect. The regulatory revocation—issued through formal registered correspondence to the…
In a major breakthrough for urban mobility in the federal capital, Federal Interior Minister Mohsin Naqvi has announced that the critical Kashmir Chowk Underpass project has entered its final execution phase and is targeted to open for public traffic within the next 10 days. The project, executed by the Capital Development Authority (CDA) on an…
In a pivotal leadership transition at the American diplomatic mission in Islamabad, Senior Foreign Service career diplomat Natalie A. Baker has officially assumed duties as the Chargé d’Affaires of the United States Mission to Pakistan. Having previously arrived in Islamabad as Deputy Chief of Mission in August 2024 and stepped up to lead mission operations,…
