PSX closed in the red on Wednesday
The Pakistan Stock Exchange (PSX) closed in the red on Wednesday as selling pressure dragged all major indices lower. The benchmark KSE-100 Index fell 831 points to close at 170,190,…
From collapse to comeback: The Rise of ABHI Bank
Some stories focus on growth, while others center on survival. However, once in a generation, a story of resurrection appears. When TPL and Abhi came together to enter the banking space,…
Pakistan Refinery Sector – Overall refinery upliftment declined 7.0% YoY in May’26
Overall refinery upliftment declined 7.0% YoY in May’26, primarily due to a significant reduction in HSD and FO offtake. HSD uplift fell 19.1% YoY to 409k tons, likely reflecting lower…
BankIslami partners with Surayya Azeem Waqf Teaching Hospita
Reaffirming its commitment to social responsibility and community development, BankIslami has extended support to Surayya Azeem Waqf Teaching Hospital (SATH), one of the largest public welfare hospitals in Lahore. The…
Cement dispatches declined by 21% during May 26
Cement dispatches declined during May 26. Total Cement despatches during May-26 were 3.837 million tons, down from 4.858 million tons in the same month of the last fiscal year, a…
PCDMA calls for GST and WHT reductions, the revival of FTR, the termination of EFS, and customs reforms
The Pakistan Chemicals & Dyes Association (PCDMA) has called on the Federal Board of Revenue (FBR) to reduce compliance burdens, cut the General Sales Tax (GST) rate from 18% to…
OGDC discovers oil in Bobi Deep-1 in District Sanghar, Sindh
Oil & Gas Development Company Limited (OGDC) has announced an oil discovery from its exploratory well, Bobi Deep-1, located in the Bobi and Dhamraki Mining Lease, District Sanghar, Sindh, with…
NBP signs MoU with Charter for Compassion Pakistan to enhance employee health support
The National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with Charter for Compassion Pakistan, under its employee wellness initiative, NBP Wellness First 2.0. The collaboration aims to…
Fertilizer Sector – 5MCY26: Urea offtakes up 8% YoY
Urea offtakes Provisional urea offtake declined 3% YoY to 463k tons in May’26, likely reflecting strong sales in March and April, which resulted in higher dealer inventories amid rising prices.…
Pakistan’s OMC volumes registered a sharp decline of 23% YoY and 14% MoM to c.1.2mn MT
Pakistan's OMC volumes fell sharply by 23% YoY and 14% MoM to around 1.2 million MT, with HSD down 32% YoY due to high prices and reduced demand during Eid.…
OICCI BCI Survey: 70–80% of businesses delaying investments in Pakistan
The Overseas Investors Chamber of Commerce and Industry (OICCI) has released the Business Confidence Index (BCI) Survey Wave 29, indicating a significant decline in business sentiment. The overall BCI dropped…
Budget 2026-27 must prioritize women entrepreneurs
With the upcoming federal budget for 2026-27, Samina Fazil, founder president of the Islamabad Women Chamber of Commerce and Industry (IWCCI), urges the government to view women entrepreneurs as economic…
Zong laumches first AI-powered digital intelligent employee
Zong, Pakistan's leading technology services enterprise, has launched the first AI-powered Digital Intelligent Employee initiative as part of its Digital Intelligence framework. This initiative aims to enhance operational agility and…
Karachi’s traders unite to revive Pakistan’s economic lifeline
Javed Shams, president of Anjuman-e-Tajiran Karachi, has sounded the alarm over the deteriorating economic and civic conditions in the city, urging immediate action to prevent permanent decline. He introduced a…
Saudi Arabia is offering better travel for Pakistani passengers
Saudia, the national airline of Saudi Arabia, has received its first Airbus A321XLR, becoming the first in the Middle East and Africa to do so. This aircraft enhances the fleet's…
PAA expresses condolences on the passing of Pervez Iqbal
The Pakistan Advertising Association (PAA) has mourned the passing of Mr. Pervez Iqbal, former Managing Director of Big Bang Communications Limited (BBCL), recognizing him as a pivotal figure in Pakistan's…
Supernet Technologies Board approves potential rights issue plan
The Board of Directors of Supernet Technologies Limited has approved, in principle, a potential rights issue of ordinary shares. This decision was made during a meeting on June 1, 2026,…
Hutchison Ports Pakistan secures new 4,000 TEUs transshipment volume
Hutchison Ports Pakistan is actively driving the government’s vision to position Karachi as a premier regional maritime hub, announcing the arrival of fresh transshipment volumes across a series of newly…
PAFLA urges continued support for freelancers and digital workers in Budget 2026-27
The Pakistan Freelancers Association (PAFLA) has urged the Federal Board of Revenue (FBR) and the Ministry of Finance to continue supporting the growing freelancing and digital workforce in the Federal…
Saqib Sabah to lead SAP’s MEA North growth cluster in Islamabad
SAP has appointed Saqib Sabah as the new Head of the MEA North Growth Cluster, based in Islamabad. He will oversee strategic growth in Pakistan, Kuwait, and Bahrain, reflecting SAP's…
Tariq Haleem asks the government for budget relief for the maritime sector
Tariq Haleem, the former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and former Chairman of the Pakistan Ship Agents Association, has expressed concerns about…
GO expands commitment to a Greener Pakistan via the sarsabz initiative
Gas & Oil Pakistan (GO) is advancing its environmental sustainability efforts through the GO Sarsabz Pakistan Project. The company has significantly increased its sapling distribution, from 50,000 in 2019 to…
UBG urged the government to adopt key recommendations for the Federal Budget 2026-27
Zubair Tufail, President of the United Business Group (UBG), urged the government to adopt key recommendations for the Federal Budget 2026-27 to enhance economic confidence, attract investment, and boost business…
Humnava releases its 7th song, Koi Achi Khabar
Global music platform Humnava has released its seventh track, "Koi Achi Khabar," continuing Season 1's mission to unite artists and cultures through collaborative music. Set against the serene backdrop of Hunza…
ABHI Microfinance Bank posts strong 2025 turnaround
ABHI Microfinance Bank Limited closed 2025 with a profit after tax of PKR 1.019 billion (highest ever in the bank's history), compared to a loss of PKR 1.754 billion in…