Tag Archives: BusinessNews

Cement Dispatches Rise 6% in July as Exports Fall Nearly 30%

KARACHI, Aug 1,2026: The benchmark KSE-100 Index fell 2.3% month-on-month (MoM) in July as rising geopolitical tensions between the United States and Iran pushed global oil prices higher and weakened investor sentiment. Meanwhile, Pakistan’s inflation eased slightly. The Consumer Price Index (CPI) stood at 11.07% in June 2026, compared with …

ISLAMABAD, July 28, 2026 (TheBizUpdate): Pakistan Telecommunication Company Limited (PTCL) Group reported a 62% year-on-year increase in consolidated revenue for the first half of 2026, as the integration of Ufone and Telenor Pakistan boosted its mobile business and strengthened profitability. The telecom and ICT services provider said consolidated operating profit …

KARACHI,July 26,2026: North Karachi Association of Trade & Industry (NKATI) President Faisal Moiz Khan has urged the government to reconsider its decision to revise petroleum prices daily. He warned that the policy could seriously affect Pakistan’s industrial sector, exports, and overall economy if authorities fail to review it immediately. In …

KARACHI, July 18,2026: K-Electric (KE) has partnered with Mashreq Pakistan to offer cashback rewards of up to Rs10,000 on electricity bill payments made through the Mashreq mobile app. Under the partnership, KE customers who hold or open a Mashreq Current or Current Profit Account can earn cashback ranging from Rs500 …

KARACHI, July 13,2026: BankIslami has partnered with EFU Life Assurance and EFU General Insurance to offer affordable microtakaful products through its mobile banking application. Under the partnership, BankIslami customers can enroll in, pay for and submit claims for exclusive microtakaful plans directly through the app. The plans cover health, accidental …

KARACHI July 13,2026: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the federal government to take immediate steps to protect Pakistan’s economy, trade and industry from the impact of renewed tensions between the United States and Iran. FPCCI President Atif Ikram Sheikh expressed concern over the …

KARACHI July 6,2026 : The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the United Nations Industrial Development Organization’s Investment and Technology Promotion Office (UNIDO-ITPO) Bahrain agreed to deepen cooperation to promote SMEs, entrepreneurship, investment and skills development in Pakistan. FPCCI President Atif Ikram Sheikh welcomed Dr. Hashim …

KARACHI jULY 6,2026: Chairman of the Arif Habib Group, Arif Habib, on Monday expressed confidence that Pakistan International Airlines (PIA) will return to profit in its first year under private management. Speaking to the media after taking over management control of the national carrier, he said PIA has strong growth …

KARACHI, July 6,2026: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the authorities to immediately return possession of the historic Cotton Exchange Building to the Karachi Cotton Association (KCA) and its legal tenants, warning that the prolonged closure has disrupted Pakistan’s cotton trade. FPCCI President Atif …