Lucky Cement Consortium Moves Forward in PIA Privatisation Bid
Lucky Cement Limited has taken a major step toward participating in the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The company announced that its board has approved joining the bidding process as part of a consortium, clearing the way for the submission of a financial offer later this month. In its notice to the […]
Engro Secures Major $475m Islamic Financing Deal to Expand Telecom Tower Network
Engro has strengthened its position in Pakistan’s telecom sector with a landmark $475 million transaction, fully financed through Islamic banking. The funding has supported the inclusion of Deodar and its network of over 10,000 telecom towers into Engro’s infrastructure portfolio. Industry observers say this development marks one of the biggest Shariah-compliant financing deals ever completed […]
World Bank Approves $700m Program to Support Pakistan’s Fiscal Reforms and Public Services
The World Bank has approved $700 million in financing to help Pakistan strengthen its economic system and improve public services through a new long-term reform program. The initiative, known as the Pakistan Public Resources for Inclusive Development, Multiphase Programmatic Approach (PRID-MPA) is designed to support both federal and provincial governments as they work to improve […]
Industry Rejects Government’s Growth Claims as Factories Shut Down Across Pakistan
Pakistan’s major industrial and export sectors have dismissed government claims of a recovery in large-scale manufacturing (LSM), saying real industrial activity is shrinking due to high energy costs, weak demand and heavy taxation. Industry associations estimate that over 150 factories have closed in the last 18 months, while most remaining units are operating at only […]
Pakistan’s Cotton Output Falls Far Below Targets, Sector Raises Alarm
Pakistan’s cotton industry is deeply concerned after production numbers for the 2025-26 season fell far short of official targets. Figures released by the Pakistan Cotton Ginners Association (PCGA) up to December 15 show a major gap between goals and actual output, raising questions over planning and productivity. The Federal Committee on Agriculture (FCA) had set […]
TikTok Launches New Ad Solutions to Help Pakistani Small Businesses Grow Online
TikTok has introduced new advertising tools designed to support small and medium-sized businesses in Pakistan, marking a major step in strengthening the country’s digital economy. The platform says these solutions will allow entrepreneurs to run ads easily, manage campaigns, and reach bigger audiences without needing professional marketing experience. According to TikTok, the launch aligns with […]
Rising Car Prices Reshape Pakistan’s Auto Market Over 10 Years
Pakistan’s automobile market has witnessed a dramatic shift in pricing over the past decade, reshaping the way consumers view affordability and value. In 2016, the launch of the Honda Civic gained attention for delivering a premium driving experience at a price of Rs. 2,349,000. At the time, car buyers saw it as a luxury purchase, […]
Meezan Bank & Haball Launch Shariah-Based Financing to Boost Dawlance Supply Chain
Meezan Bank Limited, in partnership with Haball, has taken another major step in digital Islamic financing by extending its Wisaaq supply chain financing platform to Dawlance distributors across Pakistan. The newly introduced Murabaha-based facility gives distributors instant, Shariah-compliant financial access to purchase inventory, allowing them to run business operations more smoothly. Through this initiative, Dawlance […]