Islamabad: Muhammad Saeed Sheikh, a distinguished Pakistani-American humanitarian, community leader, and advocate for Pakistan-United States relations, was conferred the prestigious civil award Sitara-e-Khidmat by the President of Pakistan, Asif Ali Zardari, during an official investiture ceremony held at Aiwan-e-Sadr on May 13, 2026. The award was bestowed in recognition of …
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SM Tanveer Calls for Industrial Revival, Urges Shift from Idle Capital to Investment-Driven Growth
KARACHI , 15 May 2026: SM Tanveer, Patron-in-Chief of the United Business Group (UBG), said businesses cannot rely on bank deposits alone. Instead, he stressed, investment and industrial activity must drive economic growth. He also announced that UBG will soon present a shadow budget. In addition, he said the group …
Read More »Karandaaz and PBA Accelerate Shift Towards Impact Finance in Pakistan
KARACHI, 15 May 2026: Karachi, 15 May 2026: Karandaaz Pakistan, in collaboration with the Pakistan Banks Association (PBA) and supported by the Ministry of Finance, held a two-day workshop in Karachi titled “Impact Finance Training (IFT) 2026: From Value to Vision” on 14–15 May 2026. Building on last year’s programme, …
Read More »AKU Hosts Consultations as Part of Joint Effort to Upgrade the National Museum of Pakistan
KARACHI, May 15, 2026: The Aga Khan University (AKU) and the Aga Khan Trust for Culture (AKTC) held a week-long expert review at the National Museum of Pakistan. They worked with national and international specialists to assess the museum’s architecture, collections, and public galleries. This effort forms part of a …
Read More »State Bank of Pakistan Launches Nationwide “Go Cashless” Campaign for Eid-ul-Azha
KARACHI :May 15 ,2026: The State Bank of Pakistan (SBP) has launched a nationwide “Go Cashless” campaign for Eid-ul-Azha 2026. The initiative promotes secure and convenient digital payments in cattle markets across the country. It also supports SBP’s wider goal of reducing cash usage and speeding up the digitisation of …
Read More »Standard Chartered successfully supports Pakistan’s inaugural Panda Bond issuance
Karachi: May 15, 2026: Pakistan has successfully entered the Chinese capital market with its first Panda Bond issuance. The country raised RMB 1.75 billion through a 3-year bond in the Chinese interbank market this week. This marks Pakistan’s debut in China’s debt capital market and expands its international financing options. …
Read More »L’Oréal Pakistan Advances Local Capability Through Strategic Raw Material Localization
KARACHI, May 14, 2026: L’Oréal Pakistan has reached a key milestone in its domestic capability-building strategy. It has successfully localized Sodium Laureth Sulfate (SLES), a critical raw material used in shampoo production. In addition, the company has onboarded Tufail Chemical Industries Ltd. as a qualified local supplier. This move strengthens …
Read More »BankIslami and EXIM Bank Sign Pakistan’s First Shariah-Compliant Trade and Export Finance Partnership
KARACHI, May 14, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Pakistan (EXIM Bank). With this step, both institutions launched Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. Moreover, the collaboration aims to strengthen the …
Read More »ASA Microfinance Bank, Avanza Solutions Team Up for Digital Banking Expansion
Karachi, 14 May 2026: ASA Microfinance Bank (Pakistan) Ltd. has entered into a strategic collaboration with Avanza Solutions to strengthen its digital banking capabilities and expand access to formal financial services across Pakistan. The partnership marks a significant step forward in advancing financial inclusion and expanding access to digital financial services …
Read More »Changing global order opens new avenues for Pakistan-Russia multidimensional cooperation: IPS seminar
Islamabad, May 14 ,2026 : Pakistan-Russia relations are evolving from historical mistrust toward pragmatic cooperation based on shared interests in energy, connectivity, trade, and regional stability. The changing global dynamics and the emerging multipolar order have created new opportunities for deeper bilateral engagement in economic, defense, and strategic sectors. Thus, …
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