Author: yasir

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its consolidated annual financial results for the year ended December 31, 2025. PTCL recorded strong YoY revenue growth, maintaining its position as Pakistan’s premier integrated telecom and ICT services provider. Financial Highlights • Consolidated revenue increased by 12% on a YoY basis, driven by strong performance in fixed broadband, enterprise, wholesale and mobile services. • Consolidated operating profit grew by 216% year on year, underscoring strong operational performance. For the year, a net loss of Rs. 9.7 billion was recorded, primarily driven by accelerated ECL provisioning at…

The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended December 31, 2025, and declared a second interim cash dividend of Rs 4.25 per share (42.50%) — the highest-ever second quarterly dividend in the Company’s history. This brings the cumulative interim dividend for the half year to Rs 7.75 per share, representing the highest-ever half-year payout by the Company. OGDC posted net sales revenue of Rs 192.830 billion and profit after tax of Rs 73.019 billion, translating into earnings per…

Business Line, a leading SAP partner with a strong presence in the Middle East, has officially been awarded SAP Partner status in Pakistan, marking a significant milestone in the company’s regional expansion and commitment to driving digital transformation across the country. With an established track record as an SAP Partner in international markets, Business Line brings deep industry expertise, proven implementation capabilities, and a customer-centric approach to the Pakistani market. The partnership enables Business Line to deliver SAP’s world-class enterprise solutions to organizations across key sectors, supporting their journey toward operational excellence, scalability, and innovation. The company maintains offices and…

CEO CBD Punjab Imran Amin’s on-ground reviews of NSIT City and CBD Walk reaffirm a zero-compromise approach to quality, sustainability, and international compliance.Punjab’s urban development ambitions gained fresh momentum this January as CEO CBD Punjab, Imran Amin, conducted detailed on-ground reviews of two of the authority’s most high-profile projects, NSIT City and CBD Walk, signaling a firm commitment to world-class standards, sustainable planning, and transparent execution. During site visits held on January 17 and January 24, 2026,CEO CBD Punjab Imran Amin delivered a clear and uncompromising message: quality will not be negotiated at any stage of development. From structural integrity…

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 of Understanding (MoU) to strengthen correspondent banking relations and support the growing volume of bilateral trade between Pakistan and Kazakhstan. The MoU outlines a framework for collaboration in areas including trade finance, cross-border payments, and facilitation of financial services for corporate and commercial clients operating between the two markets. Through this collaboration both banks aim to improve access to banking channels, support exporters and importers, and explore new opportunities to foster…

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 at the MG CKD Plant in Lahore, attended by Mr. Shao, CEO MG Motors Pakistan, Mr. Danish Ansari, Director Lubricants Wafi Shell, and senior leadership from both companies. This strategic partnership introduces MG Motor Oil with Advanced Synthetic Technology motor oils – 0W-20 SP C5 and 5W-30 SP C3 – specifically engineered to meet the demands of modern engines. “Designed to redefine engine performance,” *said Mr. Shao, CEO MG Motors Pakistan* ,…

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 Network’ for the entire year 2025 and ‘Best ISP Gaming Experience’ for H2 2025 in Pakistan.The awards are based on data from the Speedtest Connectivity Report for Pakistan (H1 and H2 2025) and reflect PTCL Flash Fiber’s consistent performance in delivering superior speed, low latency, and enhanced user experience across the country.The Best Fixed Network award is determined through Ookla’s comprehensive KPI evaluation model, assessing key parameters including download and upload…

Zong, Pakistan’s leading information services and technology innovation company, has partnered with WeatherWalay, a hyper-local weather alert service designed to deliver highly accurate forecasts and real-time weather warnings directly to users across the country. The service enables Pakistanis to stay prepared and make smarter daily decisions through reliable, location-specific weather updates. The service leverages localized weather intelligence, powered by a network of more than 300 on-ground weather stations deployed nationwide. Advanced sensors, localized forecasting models, satellite data, and expert verification work together to provide precise, area-specific forecasts for both urban and rural regions. Zong users will receive daily forecasts, rain…

Oil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Friday announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in Kohat district of Khyber Pakhtunkhwa province. The discovery has been made over the Lumshiwal Formation within the Nashpa Exploration Licence. During Cased Hole Drill Stem Test (CHDST-04) conducted in the Hangu and Lumshiwal formations, the well produced 225 barrels of oil per day (BOPD) and 1.01 million standard cubic feet per day (MMSCFD) of gas through a 32/64’’ choke at a wellhead flowing pressure of 190 psig. Baragzai X-01…

Gold Box, an innovative entertainment e‑commerce platform from Pakistan, appeared on the Nasdaq billboard in the United States, making its brand debut at one of the world’s most influential financial display windows. This event represents more than just international exposure for a company; it is regarded as a national breakthrough — Pakistan’s first e-commerce enterprise, featured on the Nasdaq screen. It marks that Pakistan’s new economic forces have formally entered the international capital stage and gained attention and recognition from the global market. Through entertaining design and community‑based operations, Gold Box transforms one‑way shopping into a participatory, shareable, and sustainable…