Latest News

The government has approved an 11% additional customs duty on 13 more automobile parts to protect local manufacturers, promote domestic production, reduce imports and support employment under the revised SRO 693(I)/2006.

Netflix is cutting around 1,000 jobs, or 6% of its workforce, in its biggest layoffs since 2022. The move comes as the streaming giant faces growing competition from YouTube and TikTok and seeks new ways to sustain growth and revenue.

The CDA has postponed the October 13, 2026, petrol pump auction in Islamabad, delaying the leasing of seven commercial sites under a proposed 20-year agreement. A new auction date and the reason for the postponement have yet to be announced.

Finance Minister Muhammad Aurangzeb highlighted Pakistan’s economic stabilization, improved foreign exchange reserves, capital market strategy and ongoing reforms at the Citi Macro Forum, expressing optimism about economic growth reaching 4% or higher this fiscal year.

Apple is expanding its smart home ambitions with the $299 HomeView device, featuring a 7-inch display and AI-powered Siri, as it competes with Amazon and Google in the connected home market.

A land dispute between the CDA and HEC has raised concerns over two planned universities in Islamabad after 250 acres purchased for educational purposes reportedly became part of the Margalla Enclave housing project. The CDA's proposed 25-acre alternative has sparked objections from HEC officials.

RCCI hosted a B2B meeting with a visiting Chinese delegation to strengthen Pakistan-China trade and investment ties. More than 75 RCCI business entities are set to participate in the 140th Canton Fair to explore international markets and new business opportunities.

The Islamabad High Court has sought responses from the federal government and CDA over the proposed cricket stadium project in Sector D-12, amid concerns about its environmental impact, wildlife habitats and the planned use of approximately 175 acres of land.

Punjab has approved the Rs43.08 billion PULSE project to modernise land records, digitise property documents and improve ownership verification. The initiative aims to enhance transparency, simplify property transactions and strengthen land management across the province.