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Business Bytes Karachi, Karachi (2026)

01/09/2026

The CDA has fined 48 public and private hospitals and medical centres in Islamabad for vi0lating fi_re and life safety regulations, with total penalties reaching Rs.14.05 million.

PIMS, Polyclinic Hospital and Capital Hospital were each fined Rs500,000, while several other major healthcare facilities also faced penalties.

Inspections found shortcomings in fi_re alarms, detection systems, emergency exits, fi_refigh_ting equipment and evacuation measures.

The CDA said several institutions had previously been issued notices to address safety deficiencies but failed to take the required action.

The crackdown follows the de_adly PIMS nursery fi_re that claimed the lives of 14 newborns.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. Image is AI-generated and is used for reference

01/09/2026

Former Pakistan captain Misbah-ul-Haq has reportedly resigned from the PCB selection committee, sources said.

The development follows the PCB’s decision to overhaul the Test squad after Pakistan’s disappointing performances against England.

Seven players and two coaching staff members were released ahead of the third Test.

Sources said Misbah was unhappy that the selection of new players was not discussed with him before the changes were made.

Misbah joined the selection committee in March alongside Sarfaraz Ahmed, who was recently removed as Pakistan’s Test head coach.

The PCB has not yet officially confirmed Misbah’s resignation.

Disclaimer: This post is for informational purposes only and is based on publicly available reports

01/09/2026

PIMS operated without a licence from the Islamabad Healthcare Regulatory Authority (IHRA) for two years before a neonatal nursery fi_re ki_lled 14 newborns, the Senate Standing Committee on National Health Services was told.

The committee also raised concerns over missing fi_re alarms, reportedly blocked emergency exits, inadequate evacuation arrangements and construction material obstructing access.

An interim inquiry report found possible shortcomings in fi_re safety, staffing, emergency alerts and security coordination, while the exact cause of the bla_ze remains undetermined.

Senators called for an independent, technically sound investigation and accountability for those found responsible for negligence or safety viol_ations.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

01/09/2026

The United States has approved a milit_ary helicopter sale to Iraq worth $800 million, according to the US State Department.

The deal is aimed at supporting Iraq’s defence and mili_tary capabilities, with US-based Bell-Textron named as the principal contractor.

The approval comes as Washington continues defence cooperation with Baghdad. The announcement was made by the State Department on Monday, August 31.

The agreement reflects ongoing US-Iraq milit_ary ties and includes helicopters supplied by one of America’s leading aerospace and defence manufacturers.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

01/09/2026

Around 40 million Pakistanis reportedly have cryptocurrency accounts, highlighting the rapid growth of digital assets in the country. The disclosure was made during a Senate committee briefing as authorities work to bring the sector under formal regulation.

Officials said a regulatory framework is taking shape, with licensing and No-Objection Certificates being introduced for virtual asset service providers. Two NOCs have already been issued, while existing operators have been given a September 5 deadline to apply.

The development also raised questions about taxation, investor protection and financial losses. Authorities say regulation aims to bring Pakistan’s growing crypto ecosystem under proper oversight and create greater transparency in digital transactions.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

31/08/2026

Tim Cook has concluded his 15-year tenure as Apple’s CEO, with John Ternus taking over as chief executive on September 1. Cook will remain with Apple as executive chairman.

During his leadership, Apple’s market value surged to around $4.67 trillion, while its stock gained nearly 2,000%. The leadership transition comes as Apple faces growing pressure to accelerate its AI strategy.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

31/08/2026

OGRA has revised petroleum prices effective September 1, 2026, under the Federal Government’s updated pricing mechanism. High-Speed Diesel (HSD) has decreased by Rs. 1.03 to Rs. 370.41 per litre, while Motor Spirit (petrol) has increased by Rs. 0.77 to Rs. 342.79 per litre.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

31/08/2026

PIA has suspended an air hostess after mobile phones and smartwatches were reportedly recovered from her possession following her arrival in Karachi from Toronto on flight PK-784.

The airline’s vigilance department submitted an incident report to HR, prompting PIA management to launch a formal investigation into the matter.

The crew member will remain suspended as the inquiry proceeds.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

31/08/2026

A Miracle Rescue in Nepal! A 6-year-old girl was pulled alive from flood debris after spending three days trapped beneath the wreckage following devastating floods.

Rescue workers carried out a challenging operation to locate and safely recover the child, bringing a moment of hope amid the destruction caused by the floods.

Her survival has touched hearts and stands as a powerful reminder of resilience, courage, and hope even in the most difficult circumstances.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

31/08/2026

An iPhone 17 Pro has achieved a stunning world record after surviving a massive 100,418-foot drop from the stratosphere over Kiruna, Sweden.

The phone was lifted by a weather balloon and released from more than 100,000 feet, enduring extreme cold and a 25-minute descent before landing safely.

Protected by RhinoShield’s AirX case, the device remained functional and earned a Guinness World Record for the highest drop of a mobile phone in a phone case onto natural landforms.

Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.

Business Bytes Karachi

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