Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 21,433.9 million as of 27-Feb-2026. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Lucky Investments achieves Asset Manager Rating upgrade twice in a year
Karachi: Lucky Investments Limited (“Lucky Investments”) rating has been upgraded to AM2++ with a Stable Outlook by the Pakistan Credit Rating Agency Limited (PACRA). The upgrade reflects the Company’s strong…
Mobilink Bank, SEDF join forces to offer inclusive MSME financing for Sindh’s growth sectors
Islamabad: Pakistan’s leading digital microfinance bank, Mobilink Bank, has entered into a five-year partnership with Sindh Enterprise Development Fund (SEDF), Government of Sindh, to expand access to structured financing for…
S. M. Tanveer and Saquib Fayyaz Magoon Call for 50% Fee Concession for Women Chambers
Karachi: S. M. Tanveer, Patron-in-Chief of United Business Group (UBG) and former Provincial Minister, along with Saquib Fayyaz Magoon, Chairman of BMP-Progressive and Senior Vice President of the Federation of…
Cement despatches increased by 12.53% during Feb-26
Cement despatches increased by 12.53% in Feb-26. Total Cement despatches during Feb-26 were 4.199 million tons against 3.732 million Tons despatched during the same month of last fiscal year. According…
Engro Holdings’ Annual Results: Reported profits continue to reflect structural changes
Karachi: Engro Holdings reported a consolidated PAT of PKR 107bn (Owner’s share: PKR 56bn); EPS PKR 46.20 vs 26.78 last year. However, much of this increase is due to a…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 21,407.7 million as of 20-Feb-2026. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Supernet Limited Merges into Supernet Technologies Limited Following Court Sanction
Karachi: Supernet Limited has been merged with and into Supernet Technologies Limited (STL) pursuant to a Scheme of Arrangement sanctioned by the High Court of Sindh, resulting in STL becoming…
COLLECTION OF GOVERNMENT DUTIES / TAXES ON SATURDAY, FEBRUARY 28, 2026
To facilitate taxpayers in making over-the-counter (OTC) payment of Government duties and taxes, it has been decided, on the request of Federal Board of Revenue (FBR), that Saturday opening branches…
IMF Delegation Engages with OICCI in Interactive Session on Key Economic and Taxation Issues
KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) convened a dialogue between a visiting International Monetary Fund (IMF) delegation, led by Iva Petrova and Mahir Binici, and CEOs…
Saquib Fayyaz Magoon Raises Alarm Over Proposed Amendments to Trade Organization Rules
KARACHI: Saquib Fayyaz Magoon, Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Chairman of BMP-Progressive (BMPP), has expressed serious concern over the bill tabled…
Meezan Bank Pakistan and Bank CenterCredit Kazakhstan Sign MoU to Enhance Correspondent Banking and Bilateral Trade
Karachi: Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country and Bank CenterCredit (BCC), one of Kazakhstan’s prominent financial institutions, have signed a Memorandum…
MG JW Automobile Pakistan Pvt. Ltd. Partners with Wafi Energy Pakistan Limited – Licensee for Shell in Pakistan (formerly Shell Pakistan Limited) – to Introduce MG Motor Oil in Pakistan
Lahore, Pakistan: MG JW Automobile Pakistan Pvt. Ltd. has announced a landmark collaboration with Wafi Energy Pakistan Limited to launch MG Motor Oil in Pakistan. The signing ceremony was held…
Ahmed Azeem Alvi Resigns, Abdul Rehman Fudda Elected SAI President
KARACHI: The Executive Committee of the S.I.T.E. Association of Industry has formally accepted the resignations of Ahmed Azeem Alvi, Khalid Riaz and Muhammad Riaz Dhedhi from their respective offices as…
PTCL Flash Fiber Wins Ookla Awards for Best Fixed Network and Best ISP Gaming Experience in Pakistan
Islamabad: Pakistan Telecommunication Company Limited’s flagship broadband service, PTCL Flash Fiber, has been recognized by Ookla, the global leader in internet testing and analysis, with two prestigious accolades ‘Best Fixed…
ABHI Microfinance Bank and TouchPoint Partner to Strengthen Banking Access Infrastructure
Karachi, Pakistan: ABHI Microfinance Bank Limited has signed a Memorandum of Understanding (MoU) with TouchPoint (Private) Limited to explore the expansion and modernization of its banking access infrastructure, including ATMs,…
SBP Launches “Cyber Shield” to Protect the Banking System and Customers
As part of its Vision 2028 agenda, the SBP today announced the launch of “Cyber Shield – the Cyber Resilience Strategy for Regulated Entities”, a major initiative aimed at strengthening…
Thar Foundation honoured for leading CSR initiatives in Thar Block II
Thar Foundation, the CSR arm of Thar Block II entities, has been recognised for its impactful contributions to corporate social responsibility (CSR) and its ongoing efforts in sustainable development and…
Illicit Tobacco Trade Hits Economy, Worsens Revenue Shortfall
Pakistan is incurring severe economic losses due to the unchecked illicit tobacco trade, a challenge that has become more critical as the country struggles to meet its revenue targets amid…
IPAK Group sustains strong momentum with consolidated net profit rising to PKR 1.47 billion
Karachi: IPAK Group has delivered another strong performance for the half year ended 31 December 2025, resulting in a consolidated net profit to PKR 1.47 billion compared to PKR 377…