Author: yasir
United Bank Limited (UBL) as one of the Mandated Lead Advisors & Arrangers, has successfully led Pakistan’s largest private sector syndicated Islamic financing to date, totaling PKR 133 billion. The financing was extended to Deodar (Private) Limited and Engro Connect (Private) Limited, with UBL also acting as Facility Agent, Security Agent and Accounts Bank. The transaction supported the acquisition of Deodar by the Engro Group from Pakistan Mobile Communications Limited (PMCL), along with post-acquisition working capital requirements. The proceeds are being used to partially finance scheduled payments to PMCL under the Scheme of Arrangement. Through the acquisition of 10,617 cellular towers, Deodar has become Pakistan’s largest independent TowerCo.…
Daraz Pakistan, under its Daraz Cares arm, has announced a dedicated support initiative for sellers impacted by the recent fire at Gul Plaza in Karachi, aimed at helping affected businesses regain stability and continue serving customers across Pakistan. Through this initiative, Daraz Pakistan will launch a dedicated segment and page on its platform (app and desktop) for sellers impacted by the incident, helping customers discover and support their businesses as they rebuild. Daraz Pakistan will also facilitate onboarding for impacted sellers and provide targeted training to enable them to restart operations online with ease. To help address immediate operational challenges,…
Spotify has announced rising dance-pop artist Neha Karim Ullah as the EQUAL Pakistan Ambassador for the first quarter of 2026, celebrating her as a fresh and compelling voice in Pakistan’s evolving music scene. On January 22, Neha was featured on Spotify’s Times Square billboard in New York City and has been showcased across multiple curated playlists on the platform, marking a significant milestone in her artistic journey. Known for blending infectious electronic beats with emotionally driven storytelling, Neha’s music resonates with a new generation of listeners seeking both movement and meaning. Her featured track, “Aao Toh Zara,” has struck a…
As a joint initiative of the Pakistan Banks Association (PBA) and the State Bank of Pakistan (SBP), Pakistan’s banking sector concluded its first-ever Industry-wide Cyber Drill, a week-long exercise held from 12 to 19 January 2026 in Karachi and Lahore, with a closing ceremony in Karachi. Governor SBP, Mr Jameel Ahmad, who graced the occasion as Chief Guest, and Chairman PBA, Mr Zafar Masud, who served as Host on behalf of the industry, attended the closing ceremony. Their participation, together with senior leadership from the banking industry, SBP, and partner organisations, underscored the collective commitment to strengthening the financial sector.…
Smartphones have become more than just tools, they are our companions on every journey, capturing moments, connecting us to the world, and helping us create. One of the most awaited smartphone of 2026, the OPPO Reno15 Series is almost here and is set to mark a new era of Reno, redefining how we see, feel, and capture the world around us. Aurora Design: Where Art Meets Innovation The journey begins with design. The Reno15 Series introduces an Aurora-inspired trendy exterior design delivering a unique visual experience that feels alive in the hand. Inspired by nature’s most mesmerising phenomenon, the Reno15 Series…
Khushhali Microfinance Bank (KMBL) was among one of the few stalls at the SME Made in Pakistan Cluster Expo 2026 that stood out with its exhibit on small business solutions. Organized by the Small and Medium Enterprise Development Authority of Pakistan (SMEDA), the Made in Pakistan Cluster Showcase Expo 2026 brought together the country’s most appreciated platforms working in and with the SME sector. With a proven history and a vastly successful portfolio of SME clients, Khushhali Microfinance Bank garnered widespread recognition for its Khushhali Karobari Loans, a loan program with several categories catering to the bank’s diverse clientele and…
IBA’s Alternative Dispute Resolution Centre (IBA-ADRIC) successfully conducted an International Mediators’ Training Program from January 19 till January 23, 2026, at the Islamabad High Court Bar Association (IHCBA), Islamabad. The five-day intensive program was organized in collaboration with the Islamabad High Court Bar Association and the Judiciary of Azad Jammu & Kashmir (AJK) and conducted in partnership with Essential Mediation Solutions (EMS), United Kingdom. It brought together an unprecedented and diverse cohort of judges, lawyers, business professionals, government officials, and students, making it the largest mediation training cohort in Pakistan to date, all learning under one roof. The training was…
HUM Network successfully hosted its inaugural event of year, the Kashmir HUM Women Leaders Award 2026, on Monday, January 26, at the Pearl Continental Hotel in Lahore. The event was graced by Chief Minister of Punjab, Ms. Maryam Nawaz Sharif as the chief guest, along with Ms. Sultana Siddiqui, President and Mr. Duraid Qureshi, CEO, HUM Network. Also in attendance were distinguished ministers, dignitaries, consul generals, ambassadors, celebrities, and prominent personalities from the fields of art and culture, as well as the senior management of HUM Network. The event drew over 500 attendees. HUM Network has long been a champion…
Mega Motor Company (MMC), in partnership with BYD, the world’s no.1 New Energy Vehicle (NEV) manufacturer, announced the launch of BYD Sealion 7 and BYD Atto 2 in Pakistan, marking another milestone in the country’s transition towards clean and sustainable mobility. Launched at a dealership event in Lahore, the two models strengthen BYD-MMC’s growing NEV portfolio in Pakistan by addressing both premium and urban lifestyle segments, with bookings now open nationwide. The BYD Sealion 7 is a premium SUV with luxury-first cabin engineered to compete with the world’s leading premium EVs on ride quality, technology, and safety. One of BYD’s…
Education Malaysia Global Services (EMGS) successfully hosted a networking reception in Islamabad, graciously hosted by His Excellency Dato’ Mohammad Azhar Mazlan, High Commissioner of Malaysia to Pakistan, reaffirming strong educational cooperation between Malaysia and Pakistan. Addressing the gathering, High Commissioner Dato’ Mohammad Azhar Mazlan highlighted the deep-rooted and brotherly relationship between Malaysia and Pakistan, built on shared cultural, religious, and people-to-people ties. He emphasized that Malaysia remains a preferred study destination for Pakistani students due to its high-quality education system, internationally recognized universities, and affordable tuition fees. He noted that a growing number of Pakistani students are currently enrolled in…