MOL Pakistan Oil & Gas Co. B.V., operator of the Tal Block, has announced the successful appraisal of existing discovered gas and condensate (in traces) from the Lumshiwal Formation in the Bilitang-1 ST-1 exploratory well, located in District Kohat, Khyber Pakhtunkhwa. The well tested at a rate of 26.5 MMSCFD of natural gas. The Tal…
Solcraft, a leading renewable energy solutions provider and ORKO, an AI-powered EV charging, fleet & fuel management platform, today announced a strategic partnership to deliver end-to-end energy and mobility solutions across Pakistan. The collaboration brings together Solcraft’s proven track record in deploying energy infrastructure at scale with ORKO’s advanced software capabilities to serve Pakistan’s rapidly…
With the spirit of Eid beginning to fill homes and shopping lists growing from week to week, Daraz Pakistan is all set for the launch of its 3.3 Eid Sale, inviting customers across the country to celebrate with ‘Real Eid, Real Deals’ and value that lasts well beyond a single checkout. Running from 2 March…
Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, called for a comprehensive and forward-looking reform of the National Finance Commission (NFC) Award while addressing the concluding session of the Pakistan Governance Forum 2026. The landmark Forum, organised by the Ministry of Planning, Development and Special Initiatives, brought together the Prime Minister, Chief Ministers,…
Mashreq Pakistan, part of Mashreq, one of the MENA region’s leading financial institutions, has announced a strategic partnership with Ufone, aimed at bringing essential telecom services directly into the Mashreq app. Customers will now be able to top up their mobile credit and purchase Ufone bundles without leaving their banking interface marking a new step…
On February 9, 2026, the National Electric Power Regulatory Authority (NEPRA) issued S.R.O 251(I)/26, titled the National Electric Power Regulatory Authority (Prosumer) Regulations, 2026. While the document title sounds technical, the implications are radical. Effective immediately, the traditional “Net Metering” model—where one unit exported canceled out one unit imported—has been replaced by a “Net Billing”…
Mashreq, one of the leading financial institutions in the MENA region, has delivered exceptional results for the full year 2025, marked by transformational international expansion, record loan and deposit growth, and a strategic repositioning as the connector bank for emerging trade corridors spanning Asia, the Middle East, Europe and North America. Operating income reached AED 12.6 billion, while…
As families across Pakistan begin preparing for Ramadan, a month rooted in reflection, generosity, and togetherness, Daraz Pakistan has announced the launch of its Grand Ramadan Bazaar, a nationwide shopping campaign designed to help customers get ready for the month with greater convenience and affordability. Running from 1 February (8:00 PM onwards) to 2 March,…
Wafi Energy Pakistan Limited and Hyundai Nishat Motors have signed a strategic agreement for the supply of Shell lubricants for Hyundai vehicles in Pakistan. The contract signing ceremony held in Lahore marked the launch of Shell Helix HX8 0W-20 AH, a lubricant developed as per Hyundai engine requirement. The ceremony was attended by senior leadership,…
The Institute of Chartered Accountants of Pakistan (ICAP) conducted the Grand Finale of the National Finance Olympiad (NFO) 2025, organised under the auspices of ICAP’s Professional Accountants in Business (PAIB) Committee, bringing together finance professionals, industry leaders, and academics from across the country. The event commenced with a welcome address by Mr. Samiullah Siddiqui, Chairman…
Ibtisam Babar, Head of Zindigi Prize, has been awarded with the “Future Leader of the Year” Award at the 27th edition of ITCN Asia, in recognition of his pivotal role in advancing Pakistan’s startup ecosystem and empowering the next generation of youth entrepreneurs across the country. Organized by Ecommerce Gateway Pakistan (Pvt.) Ltd., ITCN Asia…
Daraz Pakistan, under its Daraz Cares arm, has announced a dedicated support initiative for sellers impacted by the recent fire at Gul Plaza in Karachi, aimed at helping affected businesses regain stability and continue serving customers across Pakistan. Through this initiative, Daraz Pakistan will launch a dedicated segment and page on its platform (app and…
As a joint initiative of the Pakistan Banks Association (PBA) and the State Bank of Pakistan (SBP), Pakistan’s banking sector concluded its first-ever Industry-wide Cyber Drill, a week-long exercise held from 12 to 19 January 2026 in Karachi and Lahore, with a closing ceremony in Karachi. Governor SBP, Mr Jameel Ahmad, who graced the occasion…
On the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Syngenta Group CEO Jeff Rowe had a one-on-one meeting with the Finance Minister of Pakistan, Senator Muhammad Aurangzeb, to discuss Pakistan’s agricultural priorities and opportunities for strengthened collaboration. The high-level engagement underscored Pakistan’s strategic importance as a key partner and potential…
Pakistan’s first digital Islamic banking platform, aik by BankIslami, has launched aikPay — Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through…
As Pakistan advances steadily toward a comprehensive transition to a fully Shariah-compliant finance guided by national reforms, regulatory initiatives, and a growing public demand, the conversation around Islamic economics has evolved beyond theoretical debates into questions of implementation, innovation, and scalability within a rapidly digitizing economy. Considering this, AlBaraka Forum for Islamic Economy is organizing…
For decades, the concept of “National Security” in Pakistan was dominated by maps, borders, and hardware. It was about tanks, jets, and the Line of Control. But in 2024, the definition of security has undergone a seismic shift. The most dangerous threat to the state today is not an invading army, but a defaulting treasury….
Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion* (approximately USD 53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the…
The Pakistan Banks Association (PBA) today highlighted the banking sector’s robust contribution to Pakistan’s ongoing economic revival, citing a record surge in private sector credit during the current financial year. Commercial banks have extended approximately Rs 1.5 trillion in financing to the private sector in FY26, a surge in liquidity that is driving 8.33% growth…
MOL Pakistan has successfully launched the Youth Impact and Community Empowerment Program in Kohat, marking another milestone in the company’s commitment to inclusive and sustainable community development. The program will run over a period of three months and will engage 45 participants from local communities. The initiative follows a Memorandum of Understanding (MoU) signed earlier…
Daraz Pakistan is all set to launch its 12.12 Grand Year End Sale, giving customers across the country a final chance to unlock big savings before the close of the year. The campaign will run from 8 PM on 11 December until 18 December, with an action-packed opening that includes Brand Rush Hour, One Rupee…
Daraz Pakistan’s 11.11 campaign, the country’s biggest online sale of the year, closed with record-breaking results driven by brand performance on DarazMall. As millions of customers shopped across the platform, DarazMall, the authenticity guaranteed channel for leading brands, emerged as the standout growth engine, with its brands recording 50X growth during the campaign and setting…
Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today announced the collaboration with UPS Authorised Service Contractor in Pakistan to provide cost-effective and reliable logistics services for Pakistani exporters. This initiative aim to helping local Small and Medium Enterprises (SMEs) connect seamlessly to over 200 countries and regions, optimizing delivery speed, pricing transparency, and customer…
Mashreq, one of the leading financial institutions in the MENA region, has officially introduced Mashreq NEO in Pakistan, a fully digital and Shariah-compliant banking experience built around how Pakistanis live, save, and transact. Following the bank’s official launch under the patronage and in the presence of the Honorable Prime Minister of Pakistan, Muhammad Shehbaz Sharif,…
Zindigi powered by JS Bank and Orient Electronics Pvt. Ltd have signed a landmark Memorandum of Understanding (MoU) to introduce Digital Supply Chain Financing (DSCF) for suppliers and distributors across Orient’s value chain. Through this initiative, Zindigi empowers SMEs with structured, cost-efficient financing that is easy to access and strengthens risk management. With Zindigi’s digital…
Daraz Pakistan 11.11 is gearing up to take center stage in the country’s shopping calendar, with the Biggest Sale of the Year set to run from November 10 (8 p.m. onwards) until November 21. Branded as the “Big Boss of 11.11”, this year’s edition promises up to 90% off, more than 1 billion rupees in…
JS Bank, one of the fastest growing banks in Pakistan, has signed an agreement with Visa, a world leader in digital payments, to further enhance and expand its innovative cards portfolio. The signing ceremony was held at JS Bank’s Head Office and was attended by Leila Serhan, Visa’s Group Country Manager for North Africa, Levant…
The Pakistan Banks Association (PBA), in collaboration with the State Bank of Pakistan (SBP), has launched a nationwide Fraud Awareness Campaign to educate the public on protecting themselves from the growing number of digital financial frauds and scams emerging in today’s digital era. With rapid digitalisation transforming the financial landscape, new types of fraud and…
As South Asia’s first and only virtual mall, DarazMall has grown into the trusted online home for over 1,500 brands and millions of customers across the region. It features a wide range of local and international names across Fashion, Beauty, Electronics, Home and Lifestyle, among others, featuring popular brands such as Unilever, Reckitt, Nestle, National…
Mashreq has announced its financial results for the nine months ended September 30, 2025, reporting an Operating Income of AED 9.4 billion, reflecting broad-based growth across all core businesses. The third-quarter Operating Income stood at AED 3.2 billion, up 4% quarter-on-quarter and 8% year-on-year, driven by resilient Net Interest Income and a robust 20% year-on-year…