Author: yasir

Rici Melion, the international luxury menswear label known for refined craftsmanship and contemporary elegance, has officially opened its newest and largest flagship store at Packages Mall, Lahore. The expanded space marks a significant milestone for the brand, offering a more immersive and elevated shopping experience. Designed to reflect Rici Melion’s evolving luxury philosophy, the new store showcases the brand’s commitment to international production standards, premium fabrics, and expert tailoring. The brand offers an exclusive range of western and eastern menswear, including both ready-to-wear and bespoke collections tailored for the modern gentleman. Over the years, Rici Melion has become a preferred…

MG Motor Pakistan has announced the launch of its new consumer initiative, “Start Smart This Year,” aimed at making advanced hybrid vehicle technology more accessible to Pakistani customers at a time when affordability and fuel efficiency are top priorities for car buyers. As part of the campaign, MG Pakistan is offering value benefits of up to PKR 600,000 on its MG HS Plug-in Hybrid Electric Vehicle (PHEV). The initiative includes a combination of wave-off registration charges, a fuel card, and complimentary charging solutions, reflecting the company’s broader effort to lower the entry barrier to new-energy vehicles in Pakistan. Industry observers…

In a landmark step towards strengthening welfare-driven healthcare in Pakistan, renowned religious scholar Mufti Muneeb-ur-Rehman on Sunday formally inaugurated the construction of the University Medical Complex (UMC)—a state-of-the-art charitable hospital project off University Road in Gulistan-e-Jauhar—which aims to provide free medical treatment to over needy 200,000 patients after its completion. The UMC is being developed by Imamia Medics International (IMI), a United Nations-accredited organisation comprising Pakistani-origin medical professionals, predominantly based in North America, with a longstanding record of humanitarian medical services in Pakistan and abroad. Addressing the groundbreaking ceremony at the project site, Mufti Muneeb-ur-Rehman lauded the initiative, stating that…

Global digital operator VEON Group has announced an investment of USD 20 million in Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan. The investment builds on USD 15 million capital deployed by VEON in January 2025 and underscores its confidence in Mobilink Bank’s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan’s digital banking and microfinance sector. Mobilink Bank is a part of VEON Group, a global digital operator that provides services to over 150 million connectivity customers and over 140 million monthly active digital users. VEON Group…

Neem Paymenow is proud to announce a landmark partnership with K-Electric (KE), Pakistan’s only vertically integrated power utility, to provide Shariah-compliant earned-wage access to K-Electric employees. K-Electric serves more than 3.8 million customers across a vast network. These individuals are not only skilled professionals but essential community heroes who repair faults, maintain complex systems, and respond to urgent issues so that Karachi continues to function smoothly. With Neem Paymenow, KE’s workforce can now access a portion of their earned salary. This flexibility will help employees manage everyday expenses or unexpected situations without relying on costly loans or waiting for payday.…

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…