Karachi, March 24, 2026 – Pakistan has marked a significant breakthrough in its energy sector by commencing oil production from a local well, a development that comes at a crucial time amid rising global energy concerns linked to tensions involving Iran.
(more…)Category: Corporate
Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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K-Electric Appoints Syed Taha as New CEO
Karachi, March 24, 2026 – K-Electric has announced the appointment of Syed Taha as its new Chief Executive Officer (CEO), effective April 15, 2026, marking a key leadership transition at Pakistan’s largest power utility serving Karachi.
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PTA Approves Amalgamation of Ufone and Telenor Pakistan
Karachi, March 24, 2026 – The Pakistan Telecommunication Authority (PTA) has formally approved the amalgamation of Ufone and Telenor Pakistan, according to an official communication submitted to the Pakistan Stock Exchange (PSX) on Tuesday.
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41 SOEs fail to submit accounts, face strict SECP action
Islamabad, March 17, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has taken strict action against 41 state-owned enterprises (SOEs) for failing to comply with mandatory reporting requirements, including submission of annual audited accounts and annual returns.
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Big Bird Foods reports mark-up on Islamic financing in Pakistan
Karachi, March 14, 2026 – Big Bird Foods Limited, listed on the Pakistan Stock Exchange (PSX), has disclosed its mark-up payments on Islamic financing for the half-year ended December 31, 2025, fulfilling mandatory Shariah disclosure requirements.
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CCP greenlights Maple Leaf Cement’s Faysal Bank investment
Islamabad, March 12, 2026 – The Competition Commission of Pakistan (CCP) has approved the acquisition of shares in Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) after conducting a review under the Competition Act, 2010.
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K-Electric board elections: Deadline to file director candidature is March 19, 2026
Shareholders interested in contesting the upcoming board elections of K-Electric Limited must submit their notice of intention and required documents by March 19, 2026, according to an addendum issued ahead of the company’s Extraordinary General Meeting (EOGM).
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Lotte Chemical aims big: Plans to acquire majority stake in EPCL
Karachi, March 10, 2026 – Lotte Chemical Pakistan Limited has announced its intention to acquire a 56.19% controlling stake in Engro Polymer and Chemicals Limited (EPCL), signaling a major development in Pakistan’s chemical and polyester industry.
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Sazgar motors to acquire commercial land worth Rs1.47 billion in Lahore
KARACHI, March 9, 2026: Sazgar Engineering Works Limited, one of Pakistan’s leading motor vehicle manufacturers, announced on Monday its plans to acquire commercial land in Lahore valued at Rs1.47 billion.
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Faysal Bank hit with Rs81 million SBP penalty in CY2025
Karachi, March 8, 2026 – State Bank of Pakistan has imposed a regulatory penalty of Rs81 million on Faysal Bank Limited during the calendar year ended December 31, 2025, according to the bank’s annual financial statement submitted to the Pakistan Stock Exchange (PSX).
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