KARACHI, June 23, 2026: K-Electric (KE) adjusts its operations to support citizens during Ashura. It exempts select areas from loadshedding to ensure smooth religious observance and public convenience. Across Karachi, KE identifies 371 feeders as high priority. These areas host processions, majalis, and other gatherings. Moreover, 244 medium- and high-loss …
Read More »
ISLAMABAD, June 23, 2026: Experts on Tuesday urged the government to end the freeze on tobacco taxation. They also called for annual inflation-linked tax increases and a possible climate levy on the tobacco industry. They warned that delays are increasing pressure on Pakistan’s health system, economy, and environment. The Sustainable …
Read More »
ISLAMABAD, June 23, 2026: The Competition Commission of Pakistan (CCP) approved the acquisition of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO. It cleared the deal after completing a Phase-I review under the Competition Act, 2010. Kemyion submitted the pre-merger application under Section 11 of the Act. …
Read More »
ISLAMABAD, June 23: The Securities and Exchange Commission of Pakistan (SECP) approved the Initial Public Offering (IPO) of LSE SPAC-II. This becomes the second Special Purpose Acquisition Company (SPAC) set for listing on the Pakistan Stock Exchange (PSX). Moreover, it marks the 14th IPO approval in FY 2025–26, reflecting stronger …
Read More »
KARACHI, June 23, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic banks, signed a strategic partnership with US-based cybersecurity firm Resecurity. The bank took this step to strengthen its digital security and ensure a safer, Shariah-compliant banking experience. Moreover, Resecurity will provide Digital Risk Monitoring (DRM) and Cyber Threat Intelligence (CTI) …
Read More »
KARACHI June 23, 2026 : Alkhidmat held two-day interview sessions at Idara Noor-e-Haq for its Summer Social Internship Program 2026. Thousands of young applicants participated over the two days, showing strong interest in the program. In addition, Alkhidmat will run an eight-month internship designed to build skills among youth. It …
Read More »
KARACHI June 23,2026 : The State Bank of Pakistan (SBP) released the advance calendar for Monetary Policy Committee (MPC) meetings for FY27. It also expanded its communication framework to improve transparency and predictability in monetary policy. Moreover, SBP increased post-MPC press conferences from two to four per year. The Governor …
Read More »
KARACHI June 23,2026: FPCCI President Atif Ikram Sheikh said the Federation’s Central Standing Committee on Renewable Energy, chaired by Fawad Jawed, has expressed serious concern over rising curtailment of wind power plants. He said grid infrastructure failures are causing major financial losses. Moreover, he added that investors in green energy …
Read More »
KARACHI June 23 ,2026 : Avanceon Limited (AVN) held its corporate analyst briefing today to discuss CY25 results and future outlook. The company reported consolidated CY25 revenue of Rs15.9bn with EPS of Rs1.51, compared to Rs16.1bn and EPS of Rs5.11 in CY24. It also announced a dividend of Rs1 per …
Read More »
KARACHI :June 23,2026: Saudia, the national carrier of Saudi Arabia, won the 2026 APEX Award for Best Cabin Service in the Middle East. The APEX Awards ceremony took place in Dublin during the Future Travel Experience (FTE) EMEA event, which focuses on innovation in aviation. The recognition matters for Pakistan, …
Read More »
The Biz Update One of Pakistan's Most Reliable Business News Website