Sitara Petroleum Plans a Rs 3.2 Billion Initial Public Offering
Sitara Petroleum, an established player in Pakistan’s downstream oil sector, has announced its intention to launch an Initial Public Offering…
2026
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Mashreq and Ufone Partner to Deliver Seamless Digital Telco Services via Mashreq App
Mashreq Pakistan, part of Mashreq, one of the MENA region’s leading financial institutions, has announced a strategic partnership with Ufone,…
Moody’s Downgrades Outlook for Pakistan’s Banking Sector to “Stable”
The global credit rating agency Moody’s has revised its outlook for Pakistan’s banking system. Previously “Positive,” the outlook is now “Stable.” This change…
State Bank of Pakistan Allows Mobilink Bank to Assess APNA Microfinance Bank for Potential Merger
In a key step toward potential industry consolidation, the State Bank of Pakistan (SBP) has granted permission for Mobilink Microfinance Bank Limited to conduct…
Habib Bank Transfers 2.95 Million Shares to Employees
In a significant move tied to its compensation policy, Habib Bank Limited (HBL) has credited nearly 3 million of its own shares…
Symmetry Group to Invest Rs 1 Billion in Expanding AI Services
In a major push into the technology sector, Pakistan’s Symmetry Group Limited has announced a significant investment plan. The company,…
Meezan Bank and Freedom Bank Kazakhstan Partner to Boost Trade Settlements
In a significant move for regional trade, Pakistan’s Meezan Bank has signed an agreement with Freedom Bank Kazakhstan. The deal,…
Askari Bank Reports Strong Profits and Higher Dividends for 2025
Askari Bank Limited has announced its financial results for the calendar year ended December 31, 2025. The bank’s profit after tax…
Meezan Bank Increases Capital for Exchange Unit to Rs 2 Billion
Pakistan’s largest Islamic bank, Meezan Bank, has increased the authorized capital of its foreign exchange company subsidiary, Meezan Exchange Company (Pvt) Limited….
Nishat Withdraws Public Announcement for Rafhan Maize Deal
Nishat Hotels and Properties Limited formally withdrew its Public Announcement of Intention (PAI) to acquire a controlling 75.69% stake in Rafhan Maize Products…