Author: yasir

Jubilee Life Insurance, the country’s largest private sector insurance company, Kashf Foundation and United Nations Development Programme (UNDP) jointly launch the “Khushal Mustaqbil Takaful (KMT),” an innovative micro-savings and protection product designed to strengthen the financial resilience of women from underserved communities. The strategic collaboration was formalized at the Kashf Foundation Head Office in Lahore, with representatives from the UNDP also present to support marking a significant milestone in advancing financial inclusion and gender responsive insurance solutions. Designed specifically for Kashf Foundation’s women borrowers, KMT is a yearly renewable endowment Takaful plan that combines protection with long term savings. Operating…

The Pak International Business Forum (PIBF) has welcomed the Government of Pakistan’s forward-looking decision to facilitate transit trade with Iran under the “Transit of Goods through Territory of Pakistan Order 2026,” terming it a landmark step toward enhancing regional connectivity and economic integration. Under the new framework, goods from third countries will be allowed to pass through Pakistan to Iran via designated corridors including Gwadar, Karachi, Port Qasim, and Taftan. PIBF noted that this initiative will significantly reduce logistical bottlenecks, improve supply chain efficiency, and position Pakistan as a vital regional trade and transit hub connecting South Asia, the Middle…

Pakistan Telecommunication Company Limited (PTCL) notes recent media reports regarding a potential change in the investment position of e& (formerly Etisalat) in Pakistan. The company would like to reject the baseless and speculative reports and is not aware of the sources referenced in these reports. As a publicly listed entity, PTCL emphasizes the importance of accurate and responsible reporting, as unverified information may lead to unnecessary market speculation.PTCL’s shareholders remain fully committed to the company’s long-term strategy and growth trajectory. This is reflected in key strategic initiatives, including the acquisition of Telenor Pakistan and Orion Towers, Ufone’s 5G spectrum acquisition,…

The Modern Hospital (TMH), in collaboration with The Muslim Medical Mission (MMM) Network, successfully convened the 16th Annual National Medical Conference today at the Karachi Marriott Hotel. Themed “Shaping the Future of Medical Ethics,” this landmark event brought together a premier assembly of clinicians, academicians, and policymakers to address the critical intersection of healthcare, Artificial Intelligence (AI), and Islamic ethical frameworks.Navigating a New Frontier in HealthcareThe conference opened with a high-profile plenary session featuring Prof. Dr. S.M. Tariq Rafi, Chairman of HEC Sindh, as the Chief Guest. He was joined by Mr. Tahir Hussain Sangi (PAS), Secretary of Health, Government…

The Bilquis and Abdul Razak Dawood Foundation (BARD) has on boarded 13 emerging athletes from across Pakistan under its Athlete Training and Development Programme, an initiative designed to identify, nurture, and prepare promising sports talent to represent Pakistan at national and international levels. The programme is designed to support talented athletes through a structured, athlete-centred development model, enabling them to progress safely and sustainably from grassroots to elite competition. BARD’s approach integrates high-performance training, access to professional coaching with expert consultants such as Mr. Salman Butt, nutrition, mental preparedness, and competition exposure, ensuring athletes are equipped to compete at national…

Service Long March Tyres Limited, one of Pakistan’s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. The company has received approval from PSX. The company is offering 389.738 million ordinary shares, representing 5 percent of its post-IPO paid-up capital, through the book-building method at a floor price of Rs14.25 per share that can rise upto 40% to reach Rs. 19.95 per share subject to…

Mehmood Arshad has been appointed as the Chairman of the Economic Council by the Employers’ Federation of Pakistan (EFP). This decision was made by the Board of Directors during their recent meeting, which was held by the newly elected Board. Mr. Arshad is already a member of the EFP Board and has a wide range of experience in economic diplomacy, financial services, and corporate leadership. At present, he holds the position of Group Executive Director at Pak-Qatar Group and is also part of the boards of several prominent local and international organisations. The EFP leadership welcomed the appointment and expressed…

The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, playing a key role in structuring and executing the issuance. The bank’s involvement reflects its continued leadership in Pakistan’s Islamic capital markets and its support for sovereign fundraising initiatives. The auction, conducted through the Pakistan Stock Exchange (PSX) on behalf of the Ministry of Finance (MoF), attracted robust participation, with total bids reaching…

Ericsson has underscored the transformative role of advanced connectivity, artificial intelligence (AI), and 5G in accelerating Pakistan’s digital economy at the inaugural EU–Pakistan Business Forum 2026. The two-day forum, held in Islamabad, brought together senior government officials, global technology leaders, investors, and industry stakeholders to explore avenues for investment, innovation, and deeper economic cooperation between Pakistan and the European Union. Participating in high-level roundtable discussions and keynote sessions, Ericsson highlighted how next-generation networks and AI-driven infrastructure can unlock productivity gains across key sectors, including logistics, energy, mobility, and financial services—areas critical to Pakistan’s long-term economic growth. The discussions reinforced that…

The Pak International Business Forum (PIBF) has announced the appointment of Muaz Qazi as Chief Organizer of PIBF Pakistan, in a move aimed at strengthening the organization’s leadership framework and enhancing its role in promoting business connectivity and economic growth. According to a statement issued here, Muaz Qazi is a distinguished business leader and currently serves as CEO & Co-Founder of Land Connect Group (LCG). He is widely recognized for his strategic insight, innovative approach, and forward-looking leadership within the business community. The statement added that his appointment reflects PIBF’s commitment to bringing dynamic and capable leadership into key organizational…