Author: yasir

Engro Holdings reported a consolidated PAT of PKR 107bn (Owner’s share: PKR 56bn); EPS PKR 46.20 vs 26.78 last year. However, much of this increase is due to a one-off impairment reversal on thermal assets. Excluding this, Owner’s PAT is PKR 29bn – a fairer view of business performance. On a standalone basis, PAT is PKR 253mn vs PKR 9.9bn last year (EPS PKR 0.21 vs 20.48). The drop is due to the transfer of income-generating investments to DH Partners under the Scheme of Arrangement, and reduced dividends from Engro Corp (which is retaining cash for the towers acquisition). The…

Senior leadership from Data Vault Pakistan, the country’s first sovereign AI data center, held a high-level meeting with H.E. Ali Mustafa Dar, the newly appointed Advisor to Punjab Chief Minister Maryam Nawaz on Artificial Intelligence and Special Initiatives, to present collaboration proposals aimed at accelerating the province’s AI transformation agenda with the office of AI Punjab. The Data Vault delegation, comprising Co-Founder and Chief Operating Officer Syed Zeeshan Ali, Board Advisor Muddasir Saleem Malik, and Chief Innovation Officer Ahmed Hamdhan. COO Data Vault Pakistan Syed Zeeshan Ali presented a proposal for a partnership to support the company’s sovereign AI infrastructure…

The Overseas Investors Chamber of Commerce and Industry (OICCI) convened a dialogue between a visiting International Monetary Fund (IMF) delegation, led by Iva Petrova and Mahir Binici, and CEOs of leading member multinational companies. The discussion focused on Pakistan’s economic outlook and the perspectives of foreign investors operating in the country. OICCI President Mr. Yousaf Hussain acknowledged the progress achieved in macroeconomic stabilisation. Fiscal consolidation is strengthening, primary balance discipline is improving, the external account has stabilised with reserve buffers rebuilding, inflation is moderating, and the financial sector remains resilient. The recent improvement in Pakistan’s credit ratings reflects enhanced fiscal…

Supernet Limited has been merged with and into Supernet Technologies Limited (STL) pursuant to a Scheme of Arrangement sanctioned by the High Court of Sindh, resulting in STL becoming the surviving listed entity. Following the merger’s effectiveness, all assets, liabilities, rights, and obligations of Supernet Limited have been vested in STL. The merged entity will continue operations under the name Supernet Technologies Limited and will trade on the Main Board of the Pakistan Stock Exchange under the symbol “STL”. Under the capital reorganization approved as part of the Scheme of Arrangement, STL will capitalize its accumulated profits and issue 5.5…

Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in Islamabad. The provisional awards had been announced earlier following the competitive bidding round. Under the awards, OGDC will serve as operator in three blocks and participate as a non-operating JV partner in two blocks. OGDC will operate the Kalat North Block with a 75 percent working interest, in partnership…

Chief Executive Officer of Punjab Central Business District Development Authority known as CBD Punjab and Ravi Urban Development Authority (RUDA) Imran Amin met with Ali Mustafa Dar Advisor to the Chief Minister of Punjab on Artificial Intelligence (AI) and Special Initiatives. The high-level meeting focused on the strategic integration of Artificial Intelligence (AI) and tokenization frameworks within the ongoing and upcoming projects of CBD Punjab and RUDA. The meeting focused on utilizing AI-driven governance to refine urban planning and enhance data-driven decision-making. Both officials evaluated the implementation of AI for smart infrastructure, digital service delivery, and predictive analytics to streamline…

Mega Motor Company (Private) Limited (MMC), official partner of BYD in Pakistan, has signed a financing agreement with British International Investment (BII), the UK’s development finance institution and impact investor, to support the establishment of Pakistan’s first purpose-built large-scale NEV manufacturing plant. Under the agreement, BII will provide long-term foreign currency financing, accounting for 25 percent of the total project cost, to be invested in MMC’s state-of-the-art, purpose-built NEV manufacturing facility. Scheduled to go live in H2 2026, the plant will deploy cutting-edge automation and world-class manufacturing systems, benchmarked against leading global automotive standards. The agreement is among the earliest…

TECNO Mobile has officially launched a new member to its youth-favourite SPARK lineup – SPARK GO 3 in Pakistan. Designed specifically for Pakistan’s youth, the smartphone delivers 4-Year Lag-Free Performance and reliable durability, all in a bold, unique design.With this launch, TECNO strengthens its position in Pakistan’s fast-growing entry-level market, offering meaningful innovation at an accessible price. Bold Premium Design in Four Unique Colors The TECNO Spark Go 3 offers a refreshed, modern aesthetic crafted to stand out in the current smartphone landscape in Pakistan. The device is available in four eye-catching colors — Ink Black, Titanium Grey, Aurora Purple,…

TCL, Pakistan’s leading consumer electronics brand, has announced an extended warranty program for its Air Conditioner range, reinforcing the company’s commitment to product reliability and long-term customer satisfaction across Pakistan. Under the new warranty policy, TCL Air Conditioners will now come with an enhanced 10-year compressor warranty, along with 5 years warranty on all major components, including evaporator, condenser, gas leakage coverage, PCB Kit, and other essential parts. The extended warranty applies across TCL’s complete Air Conditioner range and is available to customers nationwide. The updated warranty coverage reflects TCL’s focus on delivering durable and high-performance cooling solutions designed for…

Communities in Murree and Kotli Sattiyan have benefited from a year-long initiative to improve Water Sanitation and Hygiene (WASH) awareness and promote rainwater harvesting as a climate-resilient solution in these water-stressed regions. The project, titled Community Mobilisation and WASH Education under Rooftop Rainwater Harvesting in Murree District was formally marked at a closing ceremony hosted by the Aga Khan University’s Institute for Educational Development (IED), in collaboration with NED University of Engineering & Technology, at AKU’s Karimabad campus. Despite receiving high rainfall, Murree and Kotli Sattiyan face chronic water shortages due to steep terrain, runoff, tourism pressure, and limited infrastructure. The Urban…