Category: Latest News

ISLAMABAD: Gujranwala Electric Power Company Limited (GEPCO) has proposed a 50 percent increase in its authorised share capital, ie, from Rs50 billion to Rs75 billion, following directions conveyed by the Cabinet Committee on Privatisation through the Privatisation Commission, according to an official notice issued by the company, sources close to CEO GEPCO told Business Recorder.The proposal will be placed before the company’s 34th Extraordinary General Meeting (EOGM), scheduled to be held on October 22, 2026.The proposed increase in authorised share capital will require an amendment to the relevant capital clause…

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ISLAMABAD: K-Electric has renewed its efforts to secure the support of Minister for Power, Sardar Awais Ahmad Khan Leghari for an upward revision of its tariff after the National Appellate Tribunal rejected its appeal against the revised Multi-Year Tariff (MYT), a dispute that is now before the Sindh High Court (SHC), well-informed sources told Business Recorder.In this regard, KE Chief Executive Officer Syed Muhammad Taha held a meeting with the Power Minister a couple of days ago, during which he shared the company’s current financial position and sought the government’s…

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KARACHI: Adrian Hamilton Manns, chief executive of Oman’s Salam Air, has been nominated as the next CEO of Pakistan International Airlines and is expected to take charge by the end of October.The sources, who spoke on condition of anonymity, confirmed his nomination as CEO PIA, saying that security and other clearances are still being processed hence it has not formally been announced, yet.The post would be one of the first major nominations at the airline since it passed into private hands. An Arif Habib-led consortium took over management on June…

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Karachi, October 16, 2026: National Bank of Pakistan (NBP) signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co. Ltd. (I²-ESS), China, at NBP Head Office (HO) on October 12, 2026. The MoU aims to establish a framework for collaboration in SME, commercial and corporate financing, lead generation, cross-selling of banking products and services and the exploration of future opportunities in green financing. The signing ceremony was attended by Mr. Imran Sarwar, President of National Bank of Pakistan, Ms. Naushaba Shahzad, Group Chief IDG , Mr. Usman…

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Pakistan is entering a new phase in developing its mineral economy as rising global demand for copper, gold, chromite, lithium, rare earth elements, and other critical minerals creates a strategic opportunity for the South Asian country to attract investment, develop new supply chains, and diversify its sources of foreign exchange. The opportunity is significant. Pakistan has extensive mineral-bearing areas and a geological position within the broader Tethyan Metallogenic Belt, one of the world’s important copper and gold regions. The country possesses 92 known minerals, of which 52 are commercially exploited.…

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