Business News
CCP Approves Lotte Group Restructuring with No Impact on Pakistan’s Food and Beverage Market
The Competition Commission of Pakistan (CCP) has granted approval for an internal corporate restructuring within South Korea’s Lotte Group after concluding that the transaction will not reduce competition in Pakistan’s food and beverage industry. The approval follows a detailed review conducted under the Competition Act, 2010, which requires regulatory clearance for mergers and acquisitions that […]
PTA Puts Hold on Ufone-Telenor Rebranding Amid Regulatory and Legal Review
Pakistan’s largest telecom merger has entered another important phase as the proposed rebranding of the merged Ufone and Telenor Pakistan mobile business faces regulatory scrutiny. While PTCL Group is considering a new identity for the combined operator under PTML, the Pakistan Telecommunication Authority (PTA) has made it clear that no branding changes will be allowed […]
Rising Petroleum Levy Identified as Key Factor Behind Pakistan’s Inflation Surge
Pakistan’s recent return to double-digit inflation is increasingly being attributed to higher fuel taxation, with a new study suggesting that the government’s expanding use of the petroleum levy has played a significant role in driving up prices across the economy. A report published by the Policy Research and Advisory Council (PRAC) argues that the petroleum […]
Pakistan Cement Sales Fall Over 21% in May as Construction Demand Remains Weak
Pakistan’s cement industry experienced a significant setback in May 2026, as overall cement dispatches recorded a sharp year-on-year decline amid slowing construction activity and weaker market demand. The latest figures indicate that both domestic sales and exports came under pressure, highlighting ongoing challenges facing one of the country’s key industrial sectors. According to data released […]
Emirates Group Reports Record AED 24.4 Billion Profit for 2025-26
The Emirates Group has announced record-breaking financial results for the 2025-26 fiscal year, posting its highest-ever profit, revenue, and cash balance despite operational disruptions during the final month of the reporting period. According to the group’s latest annual report, the Emirates Group recorded a profit before tax of AED 24.4 billion (US$ 6.6 billion), reflecting […]
PSO Profit Surges 150% to Rs. 38.1 Billion in 9MFY26
Pakistan State Oil (PSO) has reported a massive jump in profitability for the nine months ending March 31, 2026, showcasing strong financial resilience despite a volatile energy market. The company posted a net profit of Rs. 38.1 billion, marking an impressive 149 percent increase compared to Rs. 15.3 billion in the same period last year. […]
K-Electric Appoints Shaheryar Chishty as Acting Chairman
K-Electric (KE) has announced the appointment of Shaheryar Arshad Chishty as acting chairman in the absence of Mark Skelton, according to a notice submitted to the Pakistan Stock Exchange on Wednesday. The development follows the board’s earlier decision to appoint Shaheryar Chishty as an alternate director to Mark Skelton, a move that became effective immediately […]
PSX Slips Below 185,000 as KSE-100 Suffers Steep 3,700-Point Decline
Pakistan’s stock market faced heavy selling pressure on Friday as the Pakistan Stock Exchange witnessed one of its sharpest single-day declines in recent sessions, pushing the benchmark index below a key psychological level. The KSE-100 Index closed at 184,129 points after plunging 3,702 points, marking a decline of nearly 2 percent. The downturn reflected widespread […]
Bulls Rally Pushes Pakistan Stock Exchange Past 172,000 Milestone
The Pakistan Stock Exchange (PSX) witnessed a strong bullish turnaround on Friday as investor optimism surged, propelling the benchmark KSE-100 Index beyond the historic 172,000-point level. The rally reflected renewed confidence in Pakistan’s economic outlook, supported by positive macroeconomic signals and strong sectoral participation. During intraday trading, the KSE-100 Index climbed sharply by 1,295.19 points […]
Kuwait Keen to Enhance Investment in Pakistan, Focus on Energy and Trade
Kuwait has expressed strong interest in expanding its investment footprint in Pakistan, particularly in the energy, trade, and broader investment sectors, signaling growing confidence in Pakistan’s economic potential. Federal Minister for Petroleum Ali Pervez Malik held a high-level meeting with Kuwait’s Minister of Finance and Chairman of the Kuwait Investment Authority (KIA), Dr. Sabih Al […]