Day: August 25, 2026

ISLAMABAD: The government has approved a new policy allowing foreign petroleum suppliers to establish Customs bonded storage facilities in Pakistan at their own expense, enabling them to store imported fuel for both domestic sales and re-export. The decision, approved by the Economic Coordination Committee (ECC) of the federal cabinet, comes amid concerns over petroleum supply-chain vulnerabilities following disruptions in the Strait of Hormuz. The policy, which requires formal ratification by the federal cabinet, will take effect immediately thereafter. The ECC, chaired by Finance Minister Muhammad Aurangzeb, approved the Petroleum Division’s…

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KARACHI: Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango Pakistan, part of global technology company Yango Group, have partnered to provide eligible Yango partner drivers and couriers with access to Shariah-compliant vehicle and handset financing, embedded Takaful protection, and digital banking and payment solutions. The partnership aims to promote financial inclusion by offering drivers financial products tailored to their livelihood and business needs, while creating an integrated ecosystem combining financing, insurance, digital payments, banking and connectivity. Under the partnership, eligible Yango drivers can access Car Diminishing Musharakah financing of…

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ISLAMABAD: The Board of Directors of easypaisa digital bank has approved the financial statements for the half-year ended June 30, 2026, with the bank reporting a strong financial performance and significant growth in profitability. The bank posted a Profit Before Tax (PBT) of PKR 8.26 billion and Profit After Tax (PAT) of PKR 5.78 billion, representing a 2.27-fold increase in PBT compared with the corresponding period last year. Earnings per share (EPS) stood at PKR 9.61. The improved performance was supported by sustained growth across the bank’s core business segments,…

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KARACHI, August 24, 2026: President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI and former Provincial Minister for Information Technology Mian Zahid Hussain has said that Pakistan’s exports to the Gulf Cooperation Council (GCC) countries increased by 2.1 percent during January-July 2026, reaching $1.944 billion, compared with $1.904 billion during the same period last year. He said the approximately $40 million increase was encouraging, particularly amid uncertainty caused by the US-Iran conflict, and reflected the continued importance of…

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