Author: yasir

As a New Year gift for the nation, Oil and Gas Development Company Limited (OGDC), the operator of the Nashpa Exploration Licence with a 65 percent working interest along with joint venture partners, on Thursday announced a major oil and gas discovery over the Datta Formation at its exploratory well Baragzai X-01 (Slant) located in Kohat district of Khyber Pakhtunkhwa. The joint venture partners include Pakistan Petroleum Limited (PPL) with 30 percent working interest and Government Holding (Private) Limited (GHPL) with five percent carried interest. The discovery is the result of OGDC’s focused exploration campaign in the Nashpa Block. The…

Pakistan Telecommunication Company Limited (PTCL) today marks a defining moment in the evolution of Pakistan’s telecom sector, as it formally completes the acquisition of 100 percent of the issued share capital of Telenor Pakistan and Orion Towers from 31st December 2025 onwards, ushering in a new era of digital enablement and transformation across the country. Today onwards, Telenor Pakistan and Orion Towers will operate as 100% owned subsidiaries of PTCL, alongside Pak Telecom Mobile Limited (PTML) commonly known as Ufone 4G, and U Microfinance Bank. Telenor Pakistan will continue to operate as a separate legal entity during the transition period,…

Lucky Investments Limited has announced the launch of the Lucky Islamic Energy Fund (LIEF), a Shariah-compliant, sector-focused equity fund aimed at providing investors with exposure to Pakistan’s growing energy sector through ethical and disciplined investing. The launch comes at a time when Pakistan’s energy sector is undergoing gradual reform, driven by rising demand, policy initiatives, efficiency improvements, and an increasing shift toward renewable and sustainable energy sources. The Fund will primarily invest in Shariah-compliant listed energy companies, spanning exploration and production, refining, power generation, and renewables, with the objective of long-term capital growth. With this launch, Lucky Investments continues to…

The Pakistan Banks Association (PBA) elected and constituted a new 16-member Executive Committee, including two female members and eight newly inducted member banks, marking a strategic shift toward greater inclusivity and broader industry representation. Following the elections, the Executive Committee unanimously elected Mr. Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as Chairman of the PBA. Commenting on his election, Mr. Masud said the newly constituted Executive Committee represents an important evolution in the Association’s governance. He noted that the expanded and more diverse membership strengthens the PBA’s ability to advance a National Economic Agenda, with…

On Day Five of the Young Leaders Conference (YLC) 2025, founding partner English Biscuit Manufacturers (EBM) once again took the center stage, continuing their unwavering support for the initiative from day one. True to their commitment to youth leadership and social cohesion, EBM reinforced the conference’s vision of fostering inclusivity, empathy, and responsible leadership among Pakistan’s young leaders. Adding to the excitement of the day, Umair Jaliawala was celebrated as the Day Champ for Day Five, inspiring participants with his insights and engagement, while Shireen Naqvi, Shehroze Hussain and his students, Kainat Ansari, and Saif Samejo made the day even…

Pakistan’s leading digital microfinance bank, Mobilink Bank, through its Corporate Social Responsibility (CSR) initiative has strengthened access to uninterrupted digital education by solarizing the Digital Arts Lab operated by Zindagi Trust at Khatoon-e-Pakistan Government Girls Secondary School, Karachi. The initiative reflects Mobilink Bank’s proactive commitment to enabling girls’ access to uninterrupted digital and creative education through sustainable energy solutions, advancing the Bank’s broader vision of becoming a leading bank for small businesses that deepens financial inclusion for women, while simultaneously contributing to long-term environmental sustainability. This project ensures reliable access to digital and creative learning for approximately 320 students from…

Supernet, one of Pakistan’s longest-established ICT and connectivity providers, has announced its rebrand to SupernetGlobal, alongside a strategy to expand selectively into high-growth international digital markets across the Middle East, Africa, and Central Asia positioning the company to tap global demand while exporting Pakistan-origin digital and ICT services. The move comes as ICT spending across the Middle East and Africa exceeds USD 230–250 billion annually, driven by large-scale government digitalization, cybersecurity investment, cloud adoption, and enterprise modernization. Cybersecurity spending alone across the region is projected to rise into the tens of billions of dollars over the coming decade. In parallel,…

realme, Pakistan’s fastest-growing smartphone brand, is all set to step into the country’s growing installment ecosystem by introducing easy and accessible installment plans for its customers. Marking its entry into what is being termed as the “installment mania,” realme has partnered with QistBazaar.pk, Pakistan’s first Islamic Buy Now Pay Later (BNPL) marketplace, during the 5th Edition of Qist Bazaar Expo 2025, to make premium smartphones more affordable for the masses. As part of this collaboration, realme is offering easy monthly installments with simple eligibility criteria, allowing consumers to upgrade to the latest technology without financial strain. This move reflects realme’s…

A landmark moment for Karachi’s healthcare landscape is set to unfold on January 4, 2026, when a UN-accredited international medical relief organisation will break ground on its flagship University Medical Complex (UMC)—a large-scale tertiary care hospital expected to treat up to one million patients every year, including 200,000 deserving patients who will receive treatment completely free of charge.The groundbreaking ceremony will mark the formal launch of the ambitious project by Imamia Medics International (IMI), a global humanitarian organisation led by senior Pakistan-origin doctors, most of whom are based in the United States and actively engaged in medical relief work across…

Laughter echoed, rides whirred, and young faces lit up with joy as 777 orphaned students from Sindh’s most underserved communities enjoyed a memorable day at Hyderabad’s historic Rani Bagh, during a special recreational programme organised by the Green Crescent Trust (GCT). The day-long fun gala brought together students from 65 GCT schools across 18 districts of interior Sindh. Similar recreational galas will also be held at Benazir Park (Lab-e-Mehran) in Sukkur in the coming days, ensuring that all orphaned students enrolled in GCT schools share in the celebrations. The event was part of GCT’s province-wide series of fun galas, designed…