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Cost pressures surge in Q2 according to accountants and CFOs globally

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                                              The fallout from the Middle East conflict continues to impact the results from the ACCA and IMA Global Economic Conditions Survey (GECS). The survey was conducted between 3 and 17 June, before the renewed fighting and resumption of the U.S. naval blockade Over three-quarters of accountants globally reported increased operating costs in Q2 – above the previous record set in the aftermath of Russia’s invasion of Ukraine – amid soaring commodity prices and supply chain disruptions resulting from the conflict. Strikingly, 83% of CFOs experienced increased costs, following a record-breaking rise of over 20 percentage points from Q1. This is close to series peaks recorded in 2022 and 2023. Despite soaring costs, there was some recovery in confidence among accountants globally in Q2, from what was close to a record low in Q1. While the...
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CBD PUNJAB'S MONSOON PREPAREDNESS KEEPS CBD ROUTE 47 FULLY OPERATIONAL DURING HEAVY RAINFALL

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The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), successfully ensured uninterrupted traffic flow on CBD Route 47 during the recent monsoon spell, demonstrating the Authority's commitment to developing climate-resilient and future-ready urban infrastructure. Despite heavy rainfall across Lahore, CBD Route 47 remained fully operational and free from water accumulation, providing commuters with a safe and smooth travelling experience. Over the 48-hour monsoon spell, Lahore received nearly 300 mm of cumulative rainfall across different parts of the city, creating significant challenges for traffic movement and urban drainage. Despite these extreme weather conditions, the dedicated management, Operations and Maintenance teams of CBD Punjab remained fully mobilized and successfully delivered the desired results. CBD Route 47, Kalma Chowk Underpass and Walton Road remained operational with uninterrupted traff...
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CBD PUNJAB MAKES HISTORY WITH PAKISTAN'S FIRST LEED FOR COMMUNITIES GOLD PRECERTIFICATION

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  The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), has achieved a historic milestone by becoming the first development in Pakistan to receive Leadership in Energy and Environmental Design (LEED), for Communities Gold Precertification for its Quaid & Bab District from the Green Building Certification Institute (GBCI). The international recognition places CBD Punjab at the forefront of sustainable urban planning and reinforces its commitment to developing environmentally responsible, resilient, and future-ready communities. LEED for Communities is one of the world's most respected sustainability certification frameworks, assessing districts on key performance indicators including environmental stewardship, resilience, infrastructure, quality of life, mobility, governance and long-term economic sustainability. The Gold Level Precertification reflects the strength of CBD Punjab's master planning ap...
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CBD Punjab Advances CBD Vertex Project with 80% Finishing Work Completed

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  The Punjab Central Business District Development Authority (CBD Punjab) has completed 80% of the finishing work on CBD Vertex, a landmark mixed-use development in the Lahore Prime CBD Quaid District. Spanning 100,000 square feet, the facility comprises two basement levels, a ground floor, and seven upper floors, with parking capacity for approximately 2,500 vehicles. Major finishing works, including elevation tile installation, parking markings, marble works, and epoxy flooring, are progressing rapidly. CEO CBD Punjab Imran Amin said the project reflects the authority's commitment to delivering world-class infrastructure that enhances urban mobility and supports Lahore's economic growth. Nearing completion, CBD Vertex will strengthen the city's commercial ecosystem and reinforce CBD Punjab's vision of developing Pakistan's most modern central business district.
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Descon Advances Pakistan's Engineering with Delivery to Major UAE Energy Project

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                                                          Descon Engineering Limited has completed the manufacturing of two Steam Generation Packages @ 4 TPH - 6.50 Barg which comprises of Boiler Skid, Feed water Skid and chemical dosing skids with Plug and Play technology for a major greenfield gas processing project in the United Arab Emirates. The equipment was fully engineered and fabricated in Pakistan at Descon’s manufacturing facility and is now set for export to the UAE, where it will support critical operations through to commissioning. The successful execution of this project highlights Pakistan's growing capability to deliver high specification engineering solutions to international energy markets. By manufacturing complex process equipment that meets global quality and safety standards, Descon continues to demonstrate the stren...
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CBD PUNJAB INVITES SALES PARTNERS FOR CELESTIA IT & OFFICE TOWER IN NSIT CITY.

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                                                    The Punjab Central Business District Development Authourity (PCBDDA) also known as Central Business District Punjab (CBD Punjab) has invited leading marketing firms, real estate agencies, property consultants, independent sales professionals and established channel partners to come on board as authorised sales partners for Celestia  IT & Office Tower, a landmark commercial development in Pakistan premiere and largest IT city CBD NSIT City. Located adjacent to DHA Phase 6 and 7, Celestia IT & Office Tower is set to emerge as one of Punjab's most advanced IT and commercial destinations. The project features a state-of-the-art central HVAC system, a modern digital façade, premium office spaces and world-class infrastructure tailored to the evolving requirements of the country's technology and corpo...
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OPPO Celebrates Peshawar Zalmi's PSL 2026 trophy with Zalmi Players and fans at OPPO Peshawar Flagship Store

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            OPPO, a global leader in smartphone innovation, brought cricket fever to Peshawar with a star-studded celebration at its flagship store, featuring Peshawar Zalmi stars Muhammad Haris and Iftikhar Ahmed alongside the prestigious PSL 2026 Championship Trophy. The event drew a massive crowd of cricket enthusiasts and OPPO supporters, reflecting the brand's growing connection with Pakistan's vibrant cricket culture. As part of its ongoing partnership with Peshawar Zalmi, OPPO continues to strengthen its commitment to promoting sports and creating meaningful experiences for local communities. The celebration featured interactive games, exciting giveaways, and an exclusive meet-and-greet session with Muhammad Haris and Iftikhar Ahmed. During the event, the players interacted with attendees, shared insights into their cricketing journeys, and spoke to media representatives about the importance of fan support and the growing popularity of the Pakistan S...
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