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
Qatar Airways Crowned World’s Best Full‑Service Airline for 2026
According to AirlineRatings.com, Doha-based Qatar Airways in first place and Hong Kong flagship carrier Cathay Pacific in second place.
Adil Aziz
BYD-MMC Delivers 100 Atto 2 Vehicles Across Pakistan in a Single Day
Mega Motor Company (MMC), the official partner of BYD in Pakistan, marked another milestone in the country’s growing New Energy Vehicle (NEV) market by delivering 100 Atto 2 vehicles to customers nationwide in a single day.
Mehfooz
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.
LUMS Awarded Major Grant to Establish Pakistan’s First National AI Hub, Launching with a Flagship Focus on Maternal, Newborn, and Child Health
Lahore University of Management Sciences (LUMS) has been awarded a major multi-year grant from the Gates Foundation to establish Pakistan’s first nationally coordinated Artificial Intelligence (AI) Hub.
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.
Large-scale manufacturing grows by 10.54pc
The output of the Large Scale Manufacturing Industries (LSMI) recorded a growth of 10.54 per cent during the month of January 2026 as compared to the same month of last year, the Pakistan Bureau of Statistics (PBS) reported.
Current Account records $427 million surplus in February 2026: SBP
Pakistan’s External Current Account Balance recorded a surplus of US$ 427 million in February 2026 following to a surplus of $ 68 million in January 2026.