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Category: Corporate

Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.

Standard Chartered

SBP imposes Rs14 million penalty on Standard Chartered Bank Pakistan

March 5, 2026March 5, 2026Shahnawaz Akhter

Karachi: The State Bank of Pakistan (SBP) has imposed a penalty of Rs13.99 million on Standard Chartered Bank Pakistan Limited for regulatory violations during the calendar year 2025, according to the bank’s latest annual report submitted to the Pakistan Stock Exchange (PSX) on Thursday.

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united bank

SBP imposes Rs102.68 million penalty on UBL for regulatory violations

March 4, 2026March 4, 2026Faisal Shahnawaz

Karachi, March 4, 2026 – The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs102.68 million on United Bank Limited (UBL) for regulatory violations during the calendar year 2025, according to the bank’s financial statement released on Wednesday.

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OGDCL gas

OGDCL uncovers major oil and gas find in Khyber Pakhtunkhwa, Pakistan

March 4, 2026March 4, 2026Mrs. Anjum Shahnawaz

Karachi, March 4, 2026 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Pakistan’s Khyber Pakhtunkhwa (KP) province, marking a major boost for the country’s indigenous energy resources.

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Indus Motor Company

Indus Motor calls for clear regulatory framework on imported vehicles

March 3, 2026June 9, 2026Faisal Shahnawaz

Karachi, March 3, 2026 – Indus Motor Company Limited has urged the government to clearly define technical and regulatory parameters for imported vehicles, emphasizing the need to ensure safety standards and protect consumer welfare in Pakistan’s auto market.

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Citi Pharma

Citi Pharma approves IPO of subsidiary to raise up to Rs2 billion

March 3, 2026March 3, 2026Faisal Shahnawaz

Karachi, March 3, 2026 – The Board of Directors of Citi Pharma Limited has approved the initiation of an Initial Public Offering (IPO) of its wholly owned subsidiary, Citi Veterinary Pharma Limited, aiming to raise up to Rs2 billion.

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Indus Motor Company

Indus Motor demands big tax cuts to rev up Pakistan’s auto boom

February 27, 2026February 27, 2026Faisal Shahnawaz

Karachi, February 27, 2026 – Indus Motor Company Limited has called on the government to ease duty and tax burdens while reducing auto financing rates to support growth in Pakistan’s automobile sector. The request comes ahead of the formulation of the Auto Industry Policy 2026–31, which will replace the existing policy set to expire in […]

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sui gas

SSGC faces cash crunch as Rs47 billion dues loom from KE and PSML

February 27, 2026February 27, 2026Faisal Shahnawaz

Karachi, February 27, 2026 – Sui Southern Gas Company Limited (SSGC) announced its financial results for the half-year ended December 31, 2025, revealing Rs47 billion in receivables from K-Electric Limited (KE) and Pakistan Steel Mills Corporate Limited (PSML).

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Shell Pakistan

Wafi Energy pays Rs4.60 billion income tax, reports 4.51% net profit rise in CY25

February 27, 2026February 27, 2026Faisal Shahnawaz

Karachi, February 27, 2026 – Wafi Energy Pakistan Limited announced its financial results for the year ended December 31, 2025, reporting a net profit increase of 4.51% and the payment of Rs4.60 billion in income tax, marking a 20% rise compared to Rs3.85 billion in 2024.

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tpl trakker

Grant Thornton declines full audit review of TPL Trakker half-year results

February 27, 2026February 27, 2026Faisal Shahnawaz

Karachi, February 27, 2026 – Independent auditors Grant Thornton Anjum Rahma have declined to express a full audit opinion on TPL Trakker Limited’s financial results for the half-year ended December 31, 2025, citing disclosures that do not fully meet quality and professional standards.

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Pakistan Petroleum Limited

PPL settles disputes with Descon over two major EPCC projects

February 26, 2026February 26, 2026Faisal Shahnawaz

Karachi, February 26, 2026: Pakistan Petroleum Limited (PPL) on Thursday announced that it has reached an amicable settlement with Presson Descon International (Private) Limited (PDIL) and Descon Engineering Limited (DEL) to resolve long-standing disputes related to two major Engineering, Procurement, Construction, and Commissioning (EPCC) projects.

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