Author: yasir
Supernet Technologies Limited (PSX: STL) has been declared the successful bidder for a project valued at approximately PKR 1 billion, marking another significant milestone in the company’s expanding technology and communications infrastructure portfolio. The project, awarded by a leading organization in Pakistan, involves the provision of hardware and related services aimed at enhancing and modernizing critical communications infrastructure. The execution of the project is expected to take place during FY 2026–27. According to the company, the project is expected to contribute meaningfully to Supernet’s revenue growth and profitability over the execution period, further strengthening its position as a key technology…
Meezan Bank’s Easy Home Housing Finance has achieved a significant milestone under the Prime Minister’s Apna Ghar Housing Finance Program – “Ghar Ho Tu Apna”, surpassing PKR 1 billion in housing finance disbursements since the launch of the initiative. This achievement reflects Meezan Bank’s strong commitment to supporting the Government of Pakistan’s vision of promoting affordable homeownership and expanding access to housing finance for underserved segments of society. As Pakistan’s leading Islamic bank, Meezan Bank remains dedicated to making homeownership more accessible through Shariah-compliant financing solutions that address the needs of salaried individuals and low-to-middle-income households. The Bank is actively…
In a landmark move for Pakistan’s digital finance landscape, DIB Pakistan and Pocket Money have formalized a strategic partnership aimed at transforming financial access for the country’s booming creator economy. The signing ceremony, held at DIB Head Office, Karachi, marks a significant step towards building a robust, ethical digital banking ecosystem tailored for Pakistan’s borderless talent. With over 2.37 million registered freelancers, generating an estimated USD 3 billion in annual export revenues, Pakistan ranks among the world’s fastest-growing freelance markets. Yet access to seamless cross-border payments, digital wallets, and formal banking has remained a persistent challenge. This partnership directly addresses…
BYD, world’s no. 1 NEV brand has topped the global automotive innovation ranking in the Automotive INNOVATIONS Report 2026 released by the Germany-based Center of Automotive Management (CAM), marking a new milestone for the Chinese automaker. According to the report, BYD ranked first with 157 points, ahead of last year’s champion Volkswagen with 143 points. Mercedes-Benz ranked third with 134 points. 10 Automakers in the 2026 Global Automotive Innovation Ranking Since CAM launched its Automotive INNOVATIONS study in 2005, this is the first time a Chinese automaker has claimed the top spot in the global ranking. The result highlights BYD’s…
The Overseas Investors Chamber of Commerce and Industry (OICCI) today released the results of its Business Confidence Index (BCI) Survey Wave 29, conducted across Pakistan in the second quarter of 2026. The survey reveals a marked deterioration in business sentiment, with the overall BCI falling 9 percentage points to a positive 13 percent, down from 22 percent in Wave 28, as the ongoing war in the Middle East casts a long shadow over investment confidence, supply chains, and economic growth prospects. The decline is driven primarily by elevated inflationary pressures, rising fuel costs, and the intensifying fallout from the war…
Friesland Campina Engro Pakistan Limited (FCEPL), a leading dairy company in Pakistan, and its employees celebrated World Milk Day with students across multiple cities in Pakistan as part of their ongoing mission to Nourish Pakistan. Employees from FCEPL spent a day with students at schools, including the RAAST School in Karachi and community schools in Sahiwal and Sukkur to talk to them about the long-term health benefits of drinking milk every day for school-going children. Awareness sessions like these with students are essential in Pakistan where nearly 10 million children suffer from stunting and 40% of children under the age…
In a landscape where public transit alternatives are limited, digital mobility apps initially won public trust by replacing the unpredictability of traditional street-hailing with accountability. GPS tracking, transparent routing, and digital records provided a psychological safety net that altered how families, particularly women, navigated the city. Today, this trust is evolving. Users don’t view technology as a passive convenience any more, but as an active guardian. While price and convenience initially improved market penetration, safety has now become the definitive currency governing public trust, platform loyalty, and operational sustainability. The modern passenger wants a proactive shield against urban vulnerabilities, transforming…
Hutchison Ports Pakistan is actively driving the government’s vision to position Karachi as a premier regional maritime hub, announcing the arrival of fresh transshipment volumes across a series of newly scheduled vessel calls. The terminal has recently received two new transshipment vessels, with a third scheduled to arrive in the first week of June. Together, these operations will bring in 4,000 TEUs of new transshipment volume, building securely on the 10,330 TEUs successfully handled since March 2026. This continuous operational surge directly aligns with the vision of Prime Minister Muhammad Shehbaz Sharif and the proactive leadership of the Ministry of…
The Board of Directors of Supernet Technologies Limited has approved, in principle, the company’s intention to potentially carry out a right issue of ordinary shares in the near future. The decision was taken at a meeting of the Board of Directors held on June 1, 2026, at the registered office of the company in Karachi. According to the company’s disclosure to the Pakistan Stock Exchange, the aggregate amount of the potential right issue may be up to PKR 914.76 million, subject to final approval by the Board at the relevant time. The shares, if issued, are intended to be offered…
Chinese companies participating in the GISMA Guangzhou Exhibition have offered Pakistan access to advanced footwear industry technology along with broad cooperation in industrial development. According to Muhammad Yasin, Chairman of the Pakistan Industrial Sewing Machines Importers and Dealers Association (PISMIDA), discussions held with GISMA Guangzhou Exhibition President Zhan Ming and several Chinese firms confirmed their readiness to supply Pakistan with modern footwear machinery, equipment, and accessory-related technologies. He said the machinery showcased at the exhibition demonstrated exceptionally high production capacity and advanced technological standards that are still rarely available in Pakistan, while countries such as Bangladesh, India, and Vietnam are…