Author: yasir

Data-related challenges are among the most significant obstacles preventing organisations from producing reliable sustainability information. ACCA’s latest report Sustainability reporting: working with estimates provides practical guidance on how to create sustainability information when data is incomplete, uncertain or unavailable. Organisations are currently working with imperfect data to create sustainability information. When hard figures aren’t available, organisations may use reasonable and supportable information to make assumptions of a present or a future situation, to guide decisions. Aaron Saw, Head of Corporate Reporting Insights – Financial at ACCA said: ‘As sustainability reporting requirements are still evolving, and globally accepted measurement methodologies for…

Pakistan’s leading digital microfinance bank, Mobilink Bank, has entered into a five-year partnership with Sindh Enterprise Development Fund (SEDF), Government of Sindh, to expand access to structured financing for micro, small, and medium enterprises (MSMEs) across priority economic sectors in the province. The collaboration will unlock up to PKR 1 billion in financing by combining Mobilink Bank’s lending capabilities with SEDF’s markup subsidy support to reduce the cost of capital for entrepreneurs and stimulate sustainable economic activity province-wide.The collaboration strengthens financing ecosystems for underserved and high-impact sectors, including agri value chains, livestock and dairy, poultry, fisheries, cold storage and logistics,…

Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), has announced another landmark eco-friendly initiative with the allocation of 55.9 acres for green area at CBD NSIT City which is being developed as Pakistan’s premiere and largest IT city. This strategic development underscores CBD Punjab’s commitment to balancing rapid urban growth with environmental sustainability. The green area will be developed in three phases. The first phase will cover 42 acres, followed by 6.5 acres in the second phase and 7.4 acres in the third phase, where extensive plantation and park development activities will…

OPPO, a global leader in smartphone innovation, has officially announced its partnership with Peshawar Zalmi as the Official Technology Partner for HBL PSL 11. Through this partnership, OPPO aims to support Pakistani cricket and connect directly with the youth and passionate cricket community through the power of technology and sports. OPPO has established itself as a global leader in smartphone innovation, particularly in mobile imaging, AI integration, smooth performance & most durable battery along with sleek product design, with a strong international presence spanning Asia, Europe & the Middle East, with a user base that extends across numerous markets worldwide.…

Ajoka Institute Art of Acting Course Batch 33 performed “Jhalli Kithay Jaway” at the PILAC Auditorium. The play, originally staged over 25 years ago, was reimagined by this batch of students and brought to the stage for the first time by these young actors, offering a contemporary take on a classic story. “Jhalli Kithay Jaway” tells the journey of a Pakistani woman from a hopeful bride to being labeled a “jhalli” as she navigates societal pressures and expectations. Blending original songs with traditional dances that reflect Pakistan’s rich cultural heritage, the narrative highlighted themes of resilience, social expectations, and the…

The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced the company’s financial results for the year ended December 31, 2025. The company reported a profit after tax of PKR 3.54 billion, an increase of 7.5% compared with the same period last year. This marks Wafi Energy’s first year in Pakistan, shaped by strong performance, disciplined expansion, and strategic investment. In 2025, Wafi Energy expanded its Shell retail network, adding 35 new Shell retail sites, including a second eco-friendly Shell site built with recycled plastic, bringing the Shell retail network to over 680 sites nationwide. The Lubricants business continued…

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…