Author: Admin

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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ISLAMABAD: Pakistan’s drive towards deregulating petroleum prices has brought the refinery sector to a critical policy crossroads, with industry stakeholders warning that uncertainty over incentives, deemed duties and regulatory controls could jeopardise billions of dollars in planned refinery upgrade investments. The debate has intensified as the government moves to finalise long-delayed implementation agreements under the Brownfield Refinery Policy while simultaneously considering greater deregulation of petroleum-product prices. Industry and government sources say the two approaches are increasingly difficult to reconcile without a clear transition framework. Experts argue that under a genuinely…

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LAHORE: Pakistan is moving to establish its first commercial bonded oil storage system, allowing Gulf producers and international commodity traders to store petroleum products in the country for onward export while giving the government access to a portion of the stocks during emergencies. Federal Minister for Petroleum Ali Pervaiz Malik said the proposal, aimed at positioning Pakistan as a regional oil storage and distribution hub and strengthening fuel security, would be presented to the Economic Coordination Committee (ECC) for approval. Speaking at a roundtable titled “From State Control to Competition:…

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