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The estimated costs of the Diamer-Bhasha Dam and Dasu Hydropower Project have increased by a combined Rs1.896 trillion as the Pakistani rupee weakened against the US dollar, the Ministry of Water Resources informed the National Assembly.
Dasu accounts for the larger increaseFigures presented to lawmakers put the revised estimate for Diamer-Bhasha Dam at Rs1.121 ...
About $500 billion was erased from Alphabet’s market value as mounting concern over artificial intelligence spending drove a global stock sell-off on Friday. Shares in Google’s parent fell 12.6% on Wall Street, then slipped further after hours, after investment in AI infrastructure left its cash flow below zero.
Investors focus on what AI spending will earnThe p...
Mari Energies Limited (PSX: MARI) reported standalone profit after tax of Rs 21.8 billion for the quarter to September 2026. Its quarterly report, transmitted on Friday, 30 October 2026, put standalone net sales at Rs 56.2 billion.
The company said higher sales volumes and improved pricing primarily supported sales growth compared with the corresponding period. On a...
Atlas Honda Limited (PSX: ATLH) reported after-tax profit of Rs 11.5 billion for the half year ended September 30, 2026. The company said a reduction in the super tax rate helped support the increase in profit.
The half-year report, transmitted on Friday, 30 October 2026, also showed higher sales and earnings per share. It presents the company’s unaudited condensed ...
US-based artificial intelligence company Innodata laid off nearly 550 Indian employees on October 26 after their lunch break, according to a post by startupbydoc. The post claims the employees received no calls from human resources and could not access their devices.
Post describes job cuts after lunchThe account places the layoffs after the employees’ lunch bre...