Day: September 4, 2026

OGDC Announces Financial Results for the Year Ended June 30, 2026, Declares Highest-Ever Quarterly and Annual DividendISLAMABAD, September 4, 2026

Admin

The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Friday, September 4, 2026, announced the financial results for the financial year ended June 30, 2026.OGDC recorded net sales revenue of Rs 449.191 billion and its highest-ever profit after tax of Rs 242.374 billion, representing an increase of 43% over the preceding year. Earnings per share (EPS) increased to Rs 56.35 from Rs 39.50 last year. The Board declared a final cash dividend of Rs 6.00 per share (60%), the highest-ever quarterly dividend…

Read More

FPCCI Deeply Concerned Over WideningTrade Deficit in Early FY27Atif Ikram Sheikh, President FPCCI

Admin

Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has voiced severe alarm over the concerning trajectory of Pakistan’s trade balance during the first two months (July-August) of the Fiscal Year 2026-27 (FY27) as country’s trade deficit widened by 18.1 percent to $7.1 billion in this period as compared to the $6.025 billion in the same period last year. While acknowledging a slight recovery in overall economic activity, the FPCCI Chief highlighted that the increase in exports has been drastically outpaced by a…

Read More

Pakistan Reaffirms Commitment to Mobilising Private Capital Through PPPs and Privatisation

Admin

“We have already started to give the reins of economic growth to the private sector.”- Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman Privatisation Commission. ISLAMABAD, September 4, 2026: The Government today reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held in Islamabad with the participation of Federal…

Read More

Pakistan Reaffirms Commitment to Mobilising Private Capital Through PPPs and Privatisation

Admin

“We have already started to give the reins of economic growth to the private sector.”- Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman Privatisation Commission. ISLAMABAD, September 4, 2026: The Government today reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held in Islamabad with the participation of Federal…

Read More

Pakistan Faces Shortage of Battery Testing Facilities for Electric Bikes

Admin
New-Project123

ISLAMABAD: Pakistan is facing a shortage of adequate battery-testing facilities for electric bikes, raising concerns over the quality and safety of batteries being used in the rapidly growing electric two-wheeler market. According to a report of a National Assembly subcommittee, more than 300,000 electric bikes have been manufactured in Pakistan since 2021-22. However, the country lacks sufficient facilities to test their batteries against international quality and safety standards. The report noted that, apart from the Pakistan Council of Scientific and Industrial Research (PCSIR), adequate battery-testing facilities are not currently available…

Read More