Tag Archives: thebizupdate

SITE Industrialists Warn Fuel Price Hikes Threaten Industry, Exports and Jobs

SITE Industrialists Warn Fuel Price Hikes Threaten Industry, Exports and Jobs

KARACHI: Industrialists in Karachi’s SITE industrial area have warned that repeated increases in petroleum prices are putting industries under severe pressure and threatening exports, investment and employment. SITE Association of Industry (SAI) President Abdul Rehman Fudda said rising fuel prices, expensive energy and heavy taxation were increasing production costs and …

Read More »

SECP Issues Notices to 28,761 Companies Over Failure to Disclose Beneficial Owners

SECP Approves Reforms to Improve Pakistan’s Performance Under World Bank’s B-READY Framework

ISLAMABAD, September 3, 2026: The Securities and Exchange Commission of Pakistan (SECP) has issued show-cause notices to 28,761 companies for failing to disclose their Ultimate Beneficial Owners (UBOs). Every registered company in Pakistan is required to identify and report the individuals who ultimately own or control the company by filing …

Read More »

GSMA Brings National Leaders Together to Advance Digital Pakistan 2030

GSMA Brings National Leaders Together to Advance Digital Pakistan 2030

ISLAMABAD, July 29, 2026: The GSMA brought together senior representatives from Pakistan’s federal and provincial governments, Gilgit-Baltistan, regulators, industry, and development partners to accelerate the country’s Digital Pakistan 2030 agenda. During the GSMA Digital Nation Pakistan Ministerial Roundtable, participants discussed practical steps to strengthen Pakistan’s digital transformation and build on …

Read More »

BankIslami Launches FOCUS Financing Platform

BankIslami launches FOCUS – a credit and financing platform for faster, seamless customer experience

Karachi, May 25, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic banks, has launched its fully homegrown Finance Origination and Credit Underwriting System (FOCUS), a platform designed to digitalize and accelerate the customer financing journey.Leveraging AI-driven automation, FOCUS reengineers the Bank’s credit underwriting process from initiation to disbursement. The platform replaces …

Read More »

Pakistan’s Manufacturing Momentum Continues, Posts Double-Digit Growth

Pakistan’s Manufacturing Momentum Continues, Posts Double-Digit Growth

KARACHI, May 6, 2026: Pakistan’s industrial sector is showing signs of sustained recovery, posting strong growth despite ongoing regional geopolitical tensions and global energy uncertainties that continue to pressure supply chains worldwide. According to Khurram Schehzad, Large-Scale Manufacturing (LSM) recorded an 11% year-on-year increase in March, reflecting a notable rebound …

Read More »