Category: Latest News
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PC Board Forms Committee to Negotiate with ADB on Islamabad Airport Privatisation
PAKISTAN The Privatisation Commission Board (PC Board), in its 248th meeting held on Monday, constituted a Negotiation Committee to engage with the Asian Development Bank (ADB) over a potential Financial Advisory Services Agreement (FASA) for the proposed privatisation of Islamabad International Airport (IIA). The meeting was chaired by Mr. Muhammad Ali, Adviser to the Prime…
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Govt Imposes Captive Power Levy Under IMF Condition; Financial Benefit to Go to Consumers
PAKISTAN The federal government has reportedly imposed a levy on captive power plants in line with conditions set by the International Monetary Fund (IMF), a move officials quoted by a digital TV channel’s website say will pave the way for reducing electricity tariffs for consumers across Pakistan. Under the new measure, a levy of Rs1,247…
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Fast Cables Limited Completes Plant Expansion Using IPO Proceeds
PAKISTAN Fast Cables Limited has announced the successful completion of a major expansion of plant and machinery at its manufacturing facility, financed through proceeds raised from the Company’s Initial Public Offering (IPO). According to the company’s statement, the expansion has significantly enhanced production capacity and led to the induction of advanced, state-of-the-art machinery. The upgraded…
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Chemical Manufacturers Raise Sector Concerns; Minister Assures Policy Review
PAKISTAN A delegation of the Pakistan Chemical Manufacturers Association (PCMA) presented its concerns regarding the performance of the country’s chemical sector, underscoring the growing challenges confronting local manufacturers. The Chairman highlighted that rising energy costs, financing constraints, tariff rationalization measures, and regulatory inefficiencies have placed significant pressure on domestic producers. The delegation noted that high…
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Samba Bank Limited Board Appoints Rashid Jahangir as President & CEO
PAKISTAN Samba Bank Limited (SBL) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the appointment of Mr. Rashid Jahangir as President and Chief Executive Officer of the bank. The decision was taken during the 133rd meeting of the Board of Directors held on February 17, 2026. Mr. Jahangir, who…