PTCL Injects PKR 15 Billion into U Bank to Boost Digital Banking and Financial Inclusion
PTCL, the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion (approximately USD 53 million), marking one of the largest equity investments in Pakistan’s microfinance banking sector. The funding is part of PTCL’s commitment to strengthen U Bank’s capital base and support its long-term growth strategy. […]
Pakistan’s Mobile Imports Surge 40% as Local Production Sees Moderate Growth
Pakistan’s mobile phone imports rose sharply by 40.5% to $801.1 million in the first five months of FY2025-26, compared to $570.2 million during the same period last year, according to data from the Pakistan Bureau of Statistics (PBS). The increase highlights strong demand for mobile devices in the country. In November 2025 alone, mobile imports […]
Pakistan Plans $3–4 Billion Redevelopment of New York’s Roosevelt Hotel
Pakistan is set to redevelop New York’s iconic Roosevelt Hotel through a $3–4 billion project, aiming to significantly increase the value of its stake. The government plans to use a joint venture model, contributing the land while private partners provide equity and debt financing. This approach is expected to raise the value of Pakistan’s investment […]