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PTCL posts Rs9.7b consolidated loss

[ ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has announced that its consolidated revenue for the year ended December 31, 2025 increased by 12%, driven by strong performance in fixed broadband, enterprise, wholesale and mobile services. The company’s consolidated operating profit grew by 216% year-on-year (YoY), underscoring strong operational performance. For the year, however, a net … Read more

CAT upholds Rs40m fine in pharma case

[The Competition Appellate Tribunal (CAT) has upheld a cumulative penalty of Rs40 million imposed by the Competition Commission of Pakistan (CCP) on 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. According to a statement issued … Read more

PSX falls further in absence of cues

[ KARACHI: Losses deepened at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark index closed lower by around 1,450 points over persistent selling and cautious investor sentiment in the absence of near-term positive cues. It came following a steep fall of around 5,500 points a day ago, when market players offloaded their holdings … Read more

African nations turn to multilateral lenders

. S&P Global Ratings’ head of national ratings and analytics for Africa Samira Mensah. Photo: Courtesy — Platform Africa JOHANNESBURG: African governments will lean more on multilateral lenders and reform momentum in 2026 even as debt distress risks remain elevated across the continent, S&P Global Ratings’ head of national ratings and analytics for Africa Samira … Read more