Bank Makramah Limited Secures Rating Upgrade Following Record 19 Billion Profit
VIS Credit Rating Company has assigned BML an ‘A-’ long-term rating with a stable outlook, marking a major recovery and successful recapitalization for the bank.
FBR Links Over 12000 Major Retailers to POS System to Meet IMF Conditionality
The Federal Board of Revenue has accelerated the documentation of Pakistan’s retail sector by connecting 12,861 Tier-1 businesses to its digital invoicing system.
ADB Announces Emergency Financial Support for APAC Nations to Counter Middle East Conflict Impact
The Asian Development Bank has launched a fast-disbursing financial package to help member countries mitigate energy price volatility and supply chain disruptions.
Fitch Ratings Warns of Sovereign Credit Pressure Across APAC Amid Persistent Iran Conflict
Fitch Ratings highlights growing economic vulnerabilities for Asia-Pacific nations as the Iran conflict threatens energy supplies and fiscal stability.
SBP Cancels Licenses of Dream and Al Raj International Exchange Companies Over Regulatory Violations
The State Bank of Pakistan has immediately revoked the licenses of Dream Exchange and Al Raj International Exchange due to serious regulatory breaches.
OGDCL Achieves Breakthrough with Pakistan’s First Horizontal Oil Well in Clastic Reservoir
Oil and Gas Development Company Limited has started production at the Pasakhi-13 well in Sindh, yielding 460 barrels of oil per day through horizontal drilling.
K-Electric Appoints Syed Taha as New CEO to Lead Karachi Power Utility
K-Electric has named Syed Taha as its new Chief Executive Officer, effective April 2026, bringing extensive energy sector experience from PSO and Oasis Energy.
Muhammad Talha Bin Rashid Appointed as Regional Head SME Hyderabad at UBL
United Bank Limited has named Muhammad Talha Bin Rashid as the new Regional Head for SME in Hyderabad to drive business growth and entrepreneurial support.
TPL Trakker Strengthens Balance Sheet with Early Settlement of Sukuk Certificates II
TPL Trakker Limited executes early repayment of its five-year Sukuk Certificates II ahead of the 2026 maturity date to optimize capital structure and reduce costs.
Pakistan Balances Fuel Pricing Strategy Amid Global Oil Market Volatility
Pakistan maintains moderate fuel price hikes compared to global trends, leveraging lower retail taxes and zero sales tax to cushion the impact on consumers.