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Business

Bank Makramah acquisition announcement following DM Holdings consortium stake bid

DM Holdings Consortium Moves to Acquire Significant Stake in Bank Makramah

Faraz Ali Ansari2026-06-11

KARACHI: Bank Makramah Limited (BML) officially confirmed receiving a formal acquisition notice today, signaling a potential ownership shift at the financial institution. The bank has informed the Pakistan Stock Exchange that a consortium headed by DM Holdings Limited will acquire a sizeable amount of voting shares. The Board of Directors of Bank Makramah Limited received ... Read more

SPSL profit Sitara Petroleum Service Limited financial summary showing Rs4.41 billion net profit up 90%, sales Rs106 billion up 24%

SPSL Posts Near-Double Profit Growth in First Nine Months of FY26

Nayab Fatima2026-06-11

Sitara Petroleum Services Limited witnessed a 90% increase in nine months’ net income to Rs4.41 billion while revenue grew beyond Rs106 billion. Due to stringent cost control measures, gross profit was higher than revenue growth as it increased by 70% while revenue grew by 24%. The EPS increased to Rs3.15 from Rs1.66. Sitara Petroleum Service ... Read more

IMF Solar Panel Tax relief as Prime Minister Shehbaz Sharif secures withdrawal of proposed solar panel tax hike

Pakistan Secures IMF Approval to Drop Solar, Stationery Taxes

Faraz Ali Ansari2026-06-11

ISLAMABAD – The International Monetary Fund (IMF) has now officially given its go-ahead to the removal of plans to introduce taxes on solar panels and stationery items, securing a crucial victory for the government of Pakistan before the next federal budget for the financial year 2026-27. This decision was reached after lengthy talks between Shehbaz ... Read more

Pakistan dairy food safety dialogue at UCP Lahore on World Milk Day 2026 organised by FrieslandCampina Engro Pakistan and University of Central Punjab

FCEPL and UCP Call for Stronger Dairy Safety and Nutrition Standards

Nayab Fatima2026-06-11

LAHORE: It is FrieslandCampina Engro Pakistan and the University of Central Punjab that join hands for a significant dialogue event in Lahore on World Milk Day 2026, highlighting the magnitude of Pakistan’s informal dairy challenge in order to formalize its industry to save the lives of 10 million malnourished kids. Pakistan stands tall as the ... Read more

NIC Sialkot startup incubation centre signing ceremony at Ministry of IT and Telecom Islamabad in June 2026 with Ignite CEO Muhammad Bilal Abbasi and Mobilink Bank President Haaris Mahmood Chaudhary

Ignite and Mobilink Bank Partner to Establish National Incubation Center Sialkot

Nayab Fatima2026-06-11

Ignite and Mobilink Bank consortium sign the agreement for the establishment of National Incubation Center Sialkot that will be incubating 25 startups each year in the fields of sports technology, surgery technology, e-commerce, and artificial intelligence. ISLAMABAD: The startup ecosystem of Pakistan has successfully expanded its operations to one of the most important industrial centers ... Read more

Murree Brewery EPA Dispute reaches Lahore High Court over delayed Punjab environmental standards notification

Murree Brewery Gets Court Relief In EPA Standards Dispute

Focus Pakistan2026-06-11

RAWALPINDI: The Rawalpindi Bench of the Lahore High Court granted interim relief to Murree Brewery Company Limited on Wednesday and asked the Punjab Environmental Protection Agency to explain delays in notifying revised environmental quality standards for the ethanol and distillery industry. Interim relief was awarded in favor of the Murree Brewery Company Limited at the ... Read more

Pakistan Govt Debt Record reaches Rs81.93 trillion in April 2026 as Pakistan Federal Debt and debt-to-GDP ratio continue to rise.

Pakistan Govt Debt Hits Record Rs81,930 Billion, Adding Rs6,994 Billion in a Single Year

Faraz Ali Ansari2026-06-10

ISLAMABAD: The debt load of the federal government in Pakistan surpassed a new record of Rs81,930 billion while according to the latest data released by the State Bank of Pakistan, the debt level of the government grew by Rs6,994 billion in the last year alone while during just the month of April 2026, the government ... Read more

This significant decline in the gold rate in Pakistan could trigger a short-term buying surge in local commercial markets

Gold Rate in Pakistan Sees Sharp Fall of Over Rs12,600 Per Tola

Nayab Fatima2026-06-10

KARACHI: In the local bullion market, there was an intense corrective move downwards after the price of gold in Pakistan followed a huge single day decline as per the international market trend. The price of gold per tola dropped by Rs 12,627 to Rs 442,436. This sudden fall is experienced shortly after a temporary pause in ... Read more

Pakistan Remittances May 2026 hit a record $4.3 billion as overseas Pakistanis increased remittance inflows through formal channels.

Pakistan Remittances Hit Record $4.3 Billion in May, Set to Cross $41 Billion for First Time

Faraz Ali Ansari2026-06-10

KARACHI: In a landmark feat, overseas Pakistanis transferred a record-high amount of remittances worth US$ 4.251 billion in May 2026, the highest ever recorded monthly transfer in the economic history of Pakistan, according to information provided by the State Bank of Pakistan (SBP). The most recent figures have served to confirm that the contributions made ... Read more

Pakistan IT exports growth fragility 2026 — PBC-CDPR report chart showing computer services exports rising from $1.67 billion FY21 to $3.24 billion FY25

Pakistan’s IT Exports Doubled to $3.24 Billion

Nayab Fatima2026-06-09

A recently released PBC-CDPR report confirms that the IT exports of Pakistan have increased from $1.67 billion in FY21 to $3.24 billion in FY25. The headline looks great, but the analysis that follows is alarming. Pakistan may be exporting more IT services than before, but the quality of IT work exported by the country is ... Read more