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The 15th IEEEP Fair 2026 concluded successfully at the Karachi Expo Centre, organized by the Institution of Electrical and Electronics Engineers Pakistan (IEEEP) and Badar Expo Solutions. Chief guest Syed Nasir Hussain Shah, Provincial Minister for Energy and Planning & Development, affirmed the Sindh government’s commitment to supporting local manufacturing and addressing industry challenges. He…
Chief Executive Officer of the Small and Medium Enterprises Development Authority, Nadia Jahangir Seth, says Pakistan’s printing and signage industry holds significant potential to become a dynamic driver of innovation, entrepreneurship, and MSME-led economic growth. Speaking as the chief guest at the inauguration of the 9th International Digital Printing & Signage Exhibition at Expo Centre, […]…
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum, has welcomed the Asaan Tajir App, launched by the government to broaden the tax base and simplify compliance for small traders. The app aims to bring 4.2 million undocumented retailers into the formal economy by providing a one-page return and a 1% tax on […] The post Mian Zahid Hussain has welcomed the Asaan Tajir…
Arif Habib Ltd. hosted an exclusive management briefing on FATIMA, where top executives shared insights into the company’s robust financial results for the first half of CY26. Sales volumes increased by 3.9% year-on-year, reaching 1.21 million metric tons, while consolidated sales revenue rose 12.7% to PKR 131 billion. Gross profit for the period surged 20.5% […] The post FATIMA reports strong…
The total liquid foreign reserves held by the country stood at US$ 22,506.1 million as of 13-Aug-2026. The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 17,081.9 million Net foreign reserves held by commercial banks : US$ 5,424.2 million Total liquid foreign reserves […] The post SBP’s FX reserves increased by US$ 25 million…
Chief Collector Customs Appraisement Wajid Ali has assured the business community that newly installed scanning facilities will reduce physical cargo examinations, improve clearance times, and prevent recurring backlogs at Karachi’s terminals. He emphasized the need for better coordination among Customs, terminal operators, and the trade to facilitate effective operations. At an interactive…
Karachi Port Trust is advancing a comprehensive transformation of the port ecosystem, with a focus on deeper and more efficient navigation, modern equipment, digitalisation, selective AI integration and continuous human-capital development As part of this broader modernisation drive, Hutchison Ports Pakistan – SAPTL has outlined a US$76 million investment programme to modernise and expand…
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhary said work was underway on the National Fisheries and Aquaculture Policy, aimed at unlocking the sector’s potential to generate up to $10 billion through appropriate policies. He was chairing a meeting to review the performance, progress and achievements of the Ministry of Maritime Affairs and its […] The post Maritime Minister…
KPT has awarded a contract to National Dredging & Marine Services (NDMS) to commence dredging operations at Karachi Port, marking a significant step in increasing the depth of the Approach Channel, Tippu Sultan Channel and South Wharf, which will enable arrival and berthing of deep-draft vessels at Karachi Port; thus reducing freight and the cost […] The post KPT awarded contract to NDMS for…
The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement for up to US$100 million in Pakistan’s first Diversified Payment Rights (DPR) note. This initiative aims to provide long-term international financing for Pakistan’s banking sector without requiring a sovereign guarantee. Approved by IFC on May 27, 2026, the arrangement enables Bank […] The post IFC…
Hub Power Company Limited is set to announce its 4QFY26 and FY26 financial results shortly. We expect HUBC to report 4QFY26 EPS of PKR 9.27, up 2.3% YoY and 11.3% QoQ, while announcing an interim cash dividend of PKR 5.00/share. For FY26, we estimate the company will post EPS of PKR 34.76, accompanied by a […] The post Hubc is set to announce its 4QFY26 and FY26 financial results shortly appeared…
Meezan Bank has opened its first Service Center at Clifton Bridge, Karachi, featuring a customer-centric banking model that offers round-the-clock digital access alongside personalized support. Located in a busy area, the Center provides banking services accessible to both individuals and businesses, featuring 24/7 Virtual Teller assistance via Cheque and Cash Deposit Machines. This service allows…
JS Bank was awarded the Mobile App Award at the Asian Banking & Finance Fintech Awards 2026 for its digital banking application. Key features include JSense, Pakistan’s first in-app AI banking assistant, which allows conversational interactions for product information and offers, as well as the Pay in a Blink feature for Face ID-based transaction approvals. […] The post JS Bank wins Mobile App…
