Pakistan’s refinery sector increased the offtake of HSD and FO in April
Refinery upliftment increased by 12.7% YoY in Apr’26, primarily due to higher HSD and FO offtake. HSD uplift rose 11.3% YoY to 442k tons, driven by demand from OMCs, while…
LOTCHEM posted revenue of PkR20.9bn in 1QCY2
Lotte Chemical Pakistan Ltd. (LOTCHEM) held its corporate briefing session today to discuss the 1QCY26 and CY25 financial results and provide insights into the future outlook. Key takeaways from the…
Financial system’s performance and resilience remained steady: SBP
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR), for CY25. The FSR presents performance and risk assessments for various segments of…
FCEPL and SLIC secure financial safety for over 1,500 farmers and families
FrieslandCampina Engro Pakistan Limited (FCEPL) has partnered with State Life Insurance Corporation of Pakistan (SLIC) to launch a life insurance program for over 1,500 dairy farmers and their families. This…
LUMS Collaborates with Allied Bank to advance Robotics Innovation in Banking
The Lahore University of Management Sciences (LUMS), through its CHISEL Lab, has entered into a strategic research and development collaboration with Allied Bank to explore the potential of robotics and…
BankIslami and aik collaborate with Paklaunch to exhibit at UNConference ‘26
BankIslami and its digital banking platform, aik, partnered with Paklaunch for UNConference ‘26, bringing together founders, investors, and policymakers to discuss Pakistan's startup ecosystem, particularly in Fintech and digital investment…
M.V. Shou Long 618 docks at Gwadar, boosting the port’s trade hub status, Junaid Anwar Chaudhry
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Tuesday the arrival of another transshipment vessel at Gwadar Port. In a statement, the minister said M.V. Shou Long…
Oil Marketing Companies – Petroleum sales fall 7% YoY in April 2026
Petroleum fell by by 7% YoY (6% MoM) to 1.36mn MT in April 2026. The fall likely stemmed from a surge in domestic petroleum prices and controlled supply to capitalize…
Pakistan fertilizer sector sees strong urea sales in April.
AHL Research Ltd has reported that Pakistan’s fertilizer sector witnessed a sharp rebound in April 2026, with urea offtake surging 85% year‑on‑year to 463,000 tons. This marks the second‑highest April…
Cement dispatches increased by 11.14% during Apr-26
Cement dispatches increased by 11.14% in April 2026, totaling 3.890 million tons, up from 3.500 million tons in the same month last fiscal year. According to data released by the…
Digital innovation and policy reforms driving Pakistan’s digital banking transformation
At the Money20/20 Asia panel discussion, Farhan Hassan, Chief Digital Officer at easypaisa digital bank, highlighted the multifaceted drivers of Pakistan's digital banking transformation. Financial inclusion rates improved from 47%…
Jubilee Life Insurance and Kashf Foundation to boost women’s financial resilience
Jubilee Life Insurance, along with Kashf Foundation and UNDP, has launched the “Khushal Mustaqbil Takaful (KMT),” a micro-savings and protection product designed to enhance financial resilience for women in underserved…
Arts Council of Pakistan, Karachi, holds a tribute ceremony for Maqsood Gul
The Lok Virsa Committee of the Arts Council of Pakistan organized a tribute to the renowned Sindhi poet Maqsood Gul at Haseena Moin Hall. The ceremony featured prominent figures, including…
ABHI Microfinance Bank to offer employee banking solutions to REDtone Group
ABHI Microfinance Bank Ltd. has partnered with REDtone Group to enhance Employee Banking Services for its workforce. A Memorandum of Understanding (MOU) was signed by Asif Iqbal, CFO of REDtone…
Business community met finance minister; urged growth-oriented budget amid 10.9%.
A high-level business delegation, comprising Mr Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), and Mian Zahid Hussain, Chairman of the Policy Advisory…
GO records highest-ever 24-hour sales at COCO stations
Gas & Oil Pakistan Limited (GO) has announced its highest-ever 24-hour sales across its Company-Owned, Company-Operated (COCO) stations, marking a significant operational milestone for the company. This achievement underscores the…
STL reported strong growth in its financial results for 9MFY26
Supernet Technologies Limited (STL) reported strong growth in its financial results for the nine months ended March 31, 2026, following its merger with Supernet Limited. The company achieved consolidated revenue…
DIB Pakistan partners with Beyond Green Solar Solutions for Shariah-compliant solar financing
DIB Pakistan has partnered with Beyond Green Solar Solutions to launch Shariah-compliant solar financing models nationwide. The alliance was formalized during a signing ceremony at DIB’s Head Office in Karachi,…
Novo Nordisk launches “Live Lighter” initiative in Pakistan to address obesity
Novo Nordisk launches “Live Lighter” initiative in Pakistan to address obesity at the Mohatta Palace in Karachi. The event gathered healthcare leaders and policymakers to discuss the growing issue of…
ROWA launches in Pakistan, targets the affordable premium segment
ROWA, TCL Global's premium-value sub-brand, has launched in Pakistan, introducing high-quality yet budget-friendly TVs. Produced at TCL’s CSOT facility in China, ROWA ensures superior panel quality and authenticity, with reliable…
KPT reports major harbour clean-up
The Marine Pollution Control Department (MPCD) of Karachi Port Trust (KPT) has released its latest weekly clean-up report, highlighting significant progress in maintaining a cleaner harbour environment. According to the report,…
FFC reported a net profit of PKR 17.5 billion in 1Q 2026
Fauji Fertilizer Company (FFC) has announced its financial results for the first quarter ended March 31, 2026, at its Board of Directors’ meeting. The Company reported a net profit of…
Stable cargo flows in the Port of Gothenburg in 1Q
Stable cargo flows in the Port of Gothenburg were seen in the first quarter despite a mixed performance. Container handling showed positive development in loaded cargo volumes, although the total…
CEEJ and PFA sign MoU to boost journalism and digital livelihoods
In a key move to enhance journalism and digital livelihoods, the Council of Economic and Energy Journalists (CEEJ) signed a Memorandum of Understanding (MoU) with the Pakistan Freelancers Association (PFA)…
Urgent to promote alternative dispute resolution for banking defaults
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, has praised the Law and Justice Commission of Pakistan for emphasizing Alternative Dispute Resolution…
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