Pakistan Business News
Pearl Continental Owner Clarifies Hotel Business Split Rumors
Pakistan Services Limited, the owner and operator of Pearl Continental Hotels, has addressed reports circulating on social media about a possible split of its hotel business. The company has denied having any knowledge of the reported development, saying it had not received information regarding an alleged breakup of the business. In a clarification submitted to […]
Maple Leaf Cement Approves Merger with Pioneer Cement, Pending Regulatory and Shareholder Approval
Maple Leaf Cement Factory Limited (PSX: MLCF) has approved a proposed merger with Pioneer Cement Limited (PSX: PIOC), marking a significant development for Pakistan’s cement industry. The merger scheme was approved by Maple Leaf Cement’s board at its meeting on September 2, 2026. The transaction will still require approval from shareholders, the Lahore High Court […]