PIA Loses Rs 77 Billion Due to Aircraft Grounding Crisis
Pakistan International Airlines faces a staggering Rs 77 billion loss from grounded aircraft, shrinking its operational fleet to just 19 planes. The crisis deepens as financial woes mount.
Category : Corporate News
Warner Bros. Rejects Paramount's $108.4B Offer
Warner Bros. Discovery's board unanimously rejected Paramount Skydance's $108.4 billion offer, calling it inadequate. They urge shareholders to support the existing Netflix merger for better value and certainty.
FBR Seals Safina Sugar Mills Chutes Over Tax Violations
FBR seals two chutes at Safina Sugar Mills for failing to install mandatory digital cameras. Action underscores zero-tolerance policy on tax evasion in sugar sector. Read details.
SAFCO Outlines 2026 Goals After Award-Winning 2025
SAFCO Group held its New Year 2026 ceremony in Hyderabad, reviewing a year of global recognition and pledging intensified efforts in tech, agriculture, and women's economic empowerment. Read their strategic vision.
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Paramount's $26B Warner Bros. Acquisition Bid Rejected
Paramount Global's ambitious $26 billion bid to acquire Warner Bros. Discovery has been blocked. Discover the reasons behind this failed mega-merger and its impact on the media landscape.
Azeem Siddiqui Elected ICMA Pakistan President
Azeem Hussain Siddiqui is elected as the 26th President of ICMA Pakistan for 2025-26. Discover his vision for the accountancy profession and key council appointments.
Hyderabad Industry Leaders Hail New Press Club Leadership
Hyderabad SITE Association leaders congratulate newly elected Press Club office bearers, highlighting transparent journalism as key to economic stability and industrial growth. Partnership aims to address critical issues.
K-Electric Offers Earned Wage Access to Employees
K-Electric partners with Neem Paymenow to provide Earned Wage Access (EWA) to its workforce, enabling early access to earned salaries for better financial flexibility.
GTR Tyre Hosts Drive Excellence Awards 2025
GTR Tyre honored its leading dealers at the prestigious Drive Excellence Awards 2025 in Karachi. The event recognized outstanding sales performance and commitment to customer service.
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Pakistan Railways Pensions Surpass Operational Income
Pakistan Railways' pension payments have shockingly exceeded its core operational revenues, creating a severe financial crisis. Explore the details and implications for the national carrier's future.
Govt Sells PIA for Rs135 Billion in Privatisation
Pakistan International Airlines has been sold for Rs135 billion in a landmark auction, marking the largest privatisation in the country's history. Discover the details and implications.
Three Bidders Compete for PIA's 75% Stake
Three entities have submitted bids for a controlling 75% stake in Pakistan International Airlines. The privatisation process enters a critical phase as the government aims to finalise the deal.
SECP Amends Share Issuance Rules to Protect Minority Investors
SECP Pakistan amends share issuance regulations to safeguard minority shareholders, ensure corporate governance & transparency. New rules enforce 'one share, one vote' principle.
PIA Privatization Auction Takes Place Today
Pakistan International Airlines (PIA) is set for its long-awaited privatization auction today. The process, managed by a financial adviser consortium, marks a major shift for the struggling national carrier. Discover the details and implications.
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Engro's Rs133bn Islamic Finance Deal for Telecom Towers
Engro executes a landmark Rs133 billion Islamic financing transaction to acquire Deodar's telecom towers, boosting Pakistan's digital infrastructure and Shariah-compliant banking vision. Discover the details.
Toho Establishes European Base in London, Buys Anime Limited
Japan's Toho Global announces a major European expansion with a London HQ and the acquisition of UK's Anime Limited, targeting the booming $4.8 billion anime market. Discover the strategic move.
Warner Bros. Rejects Paramount, Sticks with Netflix
Warner Bros. Discovery has rejected a merger offer from Paramount Global, choosing instead to strengthen its existing partnership with streaming giant Netflix. Get the full details on this major media industry decision.
Dialogue on Social Cohesion and Innovation for Pakistan
Pathfinder Group's dialogue in Islamabad unites leaders to discuss social cohesion, innovation, and building a future-ready Pakistan. Key figures share insights.
Pakistan Railways Earns Rs 300 Billion in 4 Years
Pakistan Railways reports a historic revenue of Rs 300 billion over four years, driven by modernization and improved services. Discover the key factors behind this financial turnaround.
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Netflix CEO Ted Sarandos Meets Donald Trump in New York
Netflix CEO Ted Sarandos held a private meeting with former President Donald Trump in New York, fueling rumors ahead of a potential Warner Bros. Discovery acquisition. Details inside.
Volkswagen Cuts Spending to €160bn Through 2030
Volkswagen Group CEO Oliver Blume announces a €160bn investment plan through 2030, focusing on Europe as US tariffs and Chinese competition squeeze profits. Details inside.
ZYN Brand to Feature on Ferrari F1 Cars from 2025
Philip Morris International expands its 50-year partnership with Scuderia Ferrari HP. ZYN nicotine pouches will appear on F1 liveries from 2025 Abu Dhabi GP, marking a new chapter.
ICCI Summons Major Business Convention on Dec 8
The Islamabad Chamber of Commerce & Industry calls a major convention on December 8. Business leaders will unite to tackle pressing economic issues and formulate a collective strategy for growth.
PRA Identifies 1,200 Firms in Tax Fraud Scheme
The Punjab Revenue Authority uncovers a massive tax fraud involving 1,200 businesses using fake invoices. Authorities are taking strict legal action to recover billions.
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Nishat Group Achieves Global Omoda & Jaecoo Record in Pakistan
Nishat Group delivers Jaecoo J7 SHS in record 4 months, booking 3000+ orders. This Pak-China partnership makes Pakistan the top global market for the brand. Discover the details.
Mercuria Investigated for Congo Corruption Links
Global commodity giant Mercuria under escalating investigation for alleged covert deals and corruption links in Congo's mining sector. Multiple countries involved in probe.
4 Bidders Pre-Qualify for PIA Privatization
Pakistan moves forward with PIA privatization as four consortiums pre-qualify. Committee emphasizes employee protection and accelerates timeline for the national carrier's sale.
Taj Gasoline Badlo Halaat Campaign Launched
Taj Gasoline unveils groundbreaking Badlo Halaat campaign, pledging Rs. 100 million to transform Pakistani communities through education and healthcare initiatives.
Daily Mail buys Telegraph in £500 million media deal
Daily Mail owner DMGT acquires The Telegraph in landmark £500 million deal with US-Emirati consortium. Historic media merger creates UK's largest right-leaning news group.
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PMPKL Advances Smoke-Free Vision with Zyn Production
Philip Morris Pakistan begins local production of Zyn nicotine pouches, marking significant progress toward smoke-free future. Learn how this supports Pakistan's economy and public health goals.
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