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Category: Business

InDrive’s Intercity Rides Surge as Lahore-Islamabad Route Leads

ISLAMABAD: inDrive, a global mobility platform renowned for its peer-to-peer pricing, has announced a significant four-fold increase in its City-to-City service across Pakistan. The service, which has gained traction among both drivers and passengers,…

Al Baraka Bank Partners with PTCL for Data Center Services

Karachi: Pakistan Telecommunication Company Limited (PTCL) and Al Baraka Bank Pakistan Limited have entered into an agreement for colocation services at PTCL’s Tier-III Data Center facility. This collaboration aims to provide a secure and reliable env…

Vanaspati Manufacturers Threaten Shutdown Over Tax Dispute

KARACHI: The Pakistan Vanaspati Manufacturers Association (PVMA) has issued an ultimatum to the government, threatening to halt all ghee and cooking oil production nationwide if the Federal Board of Revenue (FBR) does not retract certain tax enforceme…

Steel Sector Faces Earnings Decline Amid Demand Slowdown

Lahore: The financial performance of Mughal Iron and Steel Ltd. and Amreli Steels Ltd. is expected to remain under pressure in the fourth quarter of fiscal year 2025, primarily due to a slowdown in demand, according to estimates from JS Global.

Mugh…