CCP enforces order, recovers Rs 40 million Penalty from UDPL, IBL
The Competition Commission of Pakistan (CCP) has successfully enforced its order by recovering a cumulative penalty of Rs 40 million from United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited (IBL) for entering into an anti-competitive non-compete agreement in violation of Section 4 of the Competition Act, 2010.
Editor
PTML (Ufone) enters 5G race armed with the largest share of the global standard 3.5 GHz spectrum
Pakistani telecom operator, Pak Telecom Mobile Limited (PTML), operating as Ufone, has formally entered Pakistan’s 5G landscape armed with the largest share of the critical 3500 MHz frequency band, a global standard in 5G connectivity. Subject to regulatory approvals, the planned amalgamation of Telenor Pakistan into Ufone is expected to position the combined entity, MergeCo, as the largest spectrum holder in Pakistan’s telecom industry.
SBP Announces Eid Holidays: Banks Shut Friday to Monday
The State Bank of Pakistan (SBP) and all the banks and financial institutions will remain closed for 4 consecutive days from 20 to 23 March, 2026 on account of Eid-ul-Fitr, Sunday and Pakistan Day.
LUMS Energy Institute Technical Report Charts Pakistan’s Path to a Fully Decarbonised Electricity System by 2040
A new technical study released by the LUMS Energy Institute (LEI) concludes that Pakistan can transition to a clean and largely fossil-free electricity system by 2040 while maintaining affordability, reliability, and long-term energy security.
Cars’ sale, production surge 45.53%, 52.31% in 8 months
The sale and production of cars in the country increased by 45.53 percent and 52.31 percent, respectively, during the first eight months of the current fiscal year 2025–26 compared to the same period last year, demonstrating a revival in economic activity and growing consumer confidence in the automobile market.
SBP Keeps Policy Rate Steady at 10.5% Amid Middle East Tensions
The incoming data, though, was largely consistent with the January 26 macroeconomic projections and initial assessment of the situation indicated that FY-26 outlook for key variables is within the earlier projected ranges; the Monetary Policy Committee (MPC), in its meeting here at SBP, deemed it appropriate to keep the policy rate unchanged at 10.5%, observing the uncertainties in the macroeconomic outlook ‘following the outbreak of the war in the Middle East’.
BYD Unveils 2nd Generation Blade Battery and FLASH Charging Technology
BYD today unveiled the 2nd Generation Blade Battery and FLASH Charging Technology, directly addressing two of the most persistent obstacles for electric vehicles: slow charging speeds and poor low-temperature charging performance.
Pakistan’s total liquid foreign reserves increase to $ 21.43 billion
The total liquid foreign reserves of Pakistan rose to US$ 21,433.9 million as of February 27, 2026 while the reserves held by the State Bank of Pakistan also increased to $ 16,300 million.
Emirates media statement
Emirates can confirm that it is currently operating a reduced flight schedule until further notice. This follows the partial re-opening of regional airspace for the safe conduct of commercial flights.
Lucky investments achieve asset manager rating upgrade twice in a year
Lucky Investments Limited (“Lucky Investments”) rating has been upgraded to AM2++ with a Stable Outlook by the Pakistan Credit Rating Agency Limited (PACRA).