Saturday, October 31, 2026

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Rupee slide adds Rs1.896 trillion to Diamer-Bhasha and Dasu cost estimates

The Ministry of Water Resources told the National Assembly that currency depreciation pushed up estimates for both hydropower projects, while fuel and construction materials also became costlier.

Alphabet Loses $500 Billion as AI Spending Raises Doubts About Returns

Alphabet shares fell 12.6% as heavy AI investment pushed cash flow below zero. The technology sell-off spread across global markets while investors sought government bonds and safer currencies.

Higher volumes and pricing lift Mari Energies sales to Rs 56.2 billion

Mari Energies reported standalone quarterly sales of Rs 56.2 billion and net profit of Rs 21.8 billion. The company attributed sales growth primarily to higher volumes and improved pricing.

Lower super tax helps lift Atlas Honda’s half-year profit to Rs 11.5 billion

Atlas Honda reported higher sales and after-tax profit for the half year ended September 30, 2026. Earnings per share rose to Rs 92.90 from Rs 77.50 a year earlier.

Innodata Cut Nearly 550 Indian Jobs After Lunch With No HR Calls, Post Claims

A startupbydoc post says Innodata laid off nearly 550 employees in India on October 26, after lunch, with no calls from human resources and no access to devices.

Over 1,500 Pakistani pilots reportedly jobless as foreign hiring draws scrutiny

An aviation association has urged the government to review foreign pilot recruitment, citing local unemployment and claims of tax-free foreign salaries reaching $15,000 a month.

CDA gives 15 days to clear alleged encroachments at Fazlur Rehman’s Islamabad residence

The notice directs property owner Amanullah to remove a guard cabin and generator from a green area. Talal Chaudhry described it as routine enforcement under the capital-wide campaign.

Interloop’s quarterly profit rises 52.9% to Rs 4.28 billion as earnings outpace sales

Interloop’s standalone profit grew faster than sales in the quarter ended September 30, 2026. Net sales rose 13.6% to Rs 49.7 billion, while profit after tax reached Rs 4.28 billion.
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