LUMS and HBL to develop commercial financing schemes for accelerating electric mobility
LUMS and Habib Bank Limited (HBL) have signed an MoU to collaborate on developing commercial financing schemes for LUMS’ upcoming project, ‘Pakistan – Battery Swapping Network’.
The initiative aims to accelerate the adoption of electric three-wheelers in Pakistan by introducing flexible and accessible financing options. Through this collaboration, both institutions seek to drive the transition toward cleaner, emission-free transport solutions and contribute to improving air quality across urban centres.
Beyond reducing emissions, the project aligns with Pakistan’s climate change mitigation commitments under the Paris Climate Agreement and the country’s Nationally Determined Contributions (NDCs).
The signing ceremony was held at LUMS and was attended by senior representatives from both organisations, including Omer Mallick, Product Head SME, HBL, and Dr. Tariq Mahmood Jadoon, Provost, LUMS, along with team members from the LUMS Energy Institute (LEI) and HBL’s SME division.
Speaking on the occasion, Dr. Naveed Arshad, Director, LEI emphasised the project’s role in catalysing private sector investment in electric vehicle (EV) charging infrastructure. He noted, “This project has the potential to demonstrate the strong techno-economic viability of electric three-wheelers compared to their internal combustion engine-based counterparts, serving as a catalyst for the transformation of Pakistan’s road transportation sector towards EVs.”
Dr. Tariq Mahmood Jadoon highlighted the university’s continued leadership in EV research and innovation, stating, “LUMS has established the eMobility Research and Development Centre—the first-of-its-kind facility in Pakistan for testing and characterisation of EV batteries, motors, and other components. The centre provides critical support to the emerging EV industry and will play a key role in advancing our upcoming project, Pakistan – Battery Swapping Network.”
Expressing HBL’s commitment to enabling sustainable finance and innovation, Omer Mallick, Product Head SME at HBL, shared, “We are delighted to partner with LUMS on this pioneering initiative. Through the Mitigation Action Facility’s support for a first-loss guarantee, HBL will be able to offer subsidised and convenient financing options to private sector players and SMEs, facilitating the rollout of EV charging infrastructure across Pakistan.”
This collaboration represents a significant step toward developing Pakistan’s electric mobility ecosystem by bridging the gap between research, innovation, and accessible financing.
SECMC shines with four mining technology excellence awards 2025
Sindh Engro Coal Mining Company (SECMC), Pakistan’s pioneering coal mining company and one of the country’s most successful public-private partnerships, has become the first mining company in Pakistan to win four honors at the prestigious Mining Technology Excellence Awards 2025.
Guided by its vision to lead the way as a world-class, sustainable mining organization, SECMC received recognition across four categories of Business Expansion, Innovation, Safety and Environment. These awards highlight the company’s achievements in strategic growth, digitalization, operational excellence, safety and sustainability.
Starting with an initial production capacity of 3.8 million tons per annum (MTPA) in Thar Block II, SECMC has progressively scaled up to 7.6 MTPA, enhancing Pakistan’s energy security by reducing reliance on imported coal and generating foreign exchange savings of over USD 1.6 billion since inception. With the launch of Phase III expansion, mine production will increase to around 11.2 MTPA, adding 660 MW of affordable, Thar coal–based electricity to the national grid. Looking ahead, SECMC plans to extend Thar coal’s application beyond power generation to industries such as cement, steel and fertilizer through coal gasification technology.
To achieve operational excellence and modernize mining practices in Pakistan, SECMC has deployed advanced technologies, including EV trucks, radar-based geotechnical slope monitoring, 3D laser scanning for mine planning, and laser volumetric monitoring of trucks. These systems have set new benchmarks for data-driven decision-making and real-time operational control. SECMC has also invested in modular data centers, supported by strong cybersecurity infrastructure, designed to perform reliably in Thar’s challenging desert environment.
In the Safety category, SECMC’s Critical Risk Management (CRM) program was recognized for its proactive approach to identifying and mitigating operational hazards. The company’s structured risk management, AI-powered fatigue and driver management and emphasis on behavioral safety have enabled it to achieve more than 18 million safe man-hours, reinforcing its commitment to a zero-injury culture.For environmental stewardship, SECMC introduced an innovative wastewater reuse initiative, repurposing treated brine for dust suppression to reduce freshwater consumption and minimize environmental impact. Earlier this year, SECMC’s leadership in sustainable water management across its mining operations was recognized with the Alliance for Water Stewardship (AWS) Gold Certification, making it the first mining company in the world to achieve this distinction.
CPEC 2.0: paradigm shift towards industrial and agricultural sovereignty: Mian Zahid
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, on November 3 emphasized the pivotal role of the China-Pakistan Economic Corridor (CPEC) Phase II in transforming Pakistan’s economic landscape.
Hussain praised the strategic shift to CPEC 2.0, emphasizing industrial cooperation and tech innovation over the infrastructure focus of Phase I. He noted that Phase I effectively tackled the energy crisis and established essential road networks.
“Phase II represents Pakistan’s key chance to evolve into a self-sufficient industrial and agricultural hub, shifting towards a knowledge-driven, export-focused economy. With a focus on Special Economic Zones like Allama Iqbal Industrial City and Rashakai SEZ, the aim is to attract FDI and technology transfer for local growth, he added.
Hussain emphasized that SEZs should focus on specialized, high-value industries. By providing infrastructure and incentives, we can attract Chinese industries, boosting supply chains and creating millions of skilled jobs by 2030. Phase II also paves the way for integrating Pakistani products into global markets, enhancing exports.
Mian Zahid Hussain emphasized the importance of agricultural cooperation, which constitutes 25% of GDP and employs 37% of the workforce. CPEC 2.0 aims to initiate a ‘Green Revolution’ by adopting precision agriculture and modern irrigation, enhancing crop yields and quality for the global market.
The business leader commended CPEC II’s alignment with Pakistan’s ‘Five Es’ — Export, Energy, Equity, Environment, and Education — through five new corridors, including Livelihood and Green Corridors, promoting inclusive development.
Mian Zahid Hussain emphasized that CPEC Phase II holds significant promise, contingent on stable policies and swift execution. To support this, we must enhance utilities for SEZs, simplify joint venture regulations, and invest in vocational training. Collaboration among government, academia, and business is vital for transforming Pakistan into a trade and manufacturing center.
PQAMC announces dividend of Pkr 0.6900 per unit for monthly income plan
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services group. PQAMC has recently announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC’s Shariah-Compliant Income Fund. The plan is also amongst the highest return paying plan in the category.
PQMIP announced a dividend of PKR 0.6900 per unit for the month of October 2025, earned as on October 28, 2025. PQAMC has recently achieved an upgrade to AM2 with a ‘Positive Outlook’ from PACRA.
The Chief Executive Officer of Pak-Qatar Asset Management Company Limited – Mr. Farhan Shaukat has approved the distribution of dividends for the month of October 2025, under the authority delegated to him by the Board of Directors.
Mr. Farhan Shaukat stated that: “We are delighted to announce this distribution to the unit-holders of PQMIP. This reflects the strength of our investment strategy, consistent performance, and commitment to creating long-term value for our Participants. We are also pleased with the recent rating upgrades, which reaffirm the trust and confidence placed in PQAMC by our stakeholders.”
Pak-Qatar Group remains committed to contributing to Pakistan’s economy through innovative, Shariah-compliant investment solutions and sustainable financial growth.
The stakeholders can also review the performance of Pak-Qatar Monthly Income Plan on the website of the Mutual Funds Association of Pakistan (MUFAP).
MCB Bank and NexGen Auto Launch Exclusive Auto Financing Partnership to Accelerate Access to Premium EV and Hybrid Vehicles
MCB Bank Limited (MCB), one of Pakistan’s leading Banks, and NexGen Auto, the exclusive distributor of OMODA and JAECOO vehicles in Pakistan, have announced a strategic partnership to offer highly competitive and discounted auto financing solutions for customers purchasing the all-new JAECOO J7 SHS PHEV and other select OMODA and JAECOO models.
Through MCB’s dedicated auto financing platforms, Fleet4U for commercial and fleet buyers and Car4U for individual consumers, customers can now access attractive financing terms designed to make premium, eco-conscious mobility more affordable and accessible. Under the partnership, MCB is offering a mark-up rate of just 1-Year KIBOR + 2%, along with an insurance rate of 1% (without tracker, through Adamjee Insurance). NexGen Auto will provide priority delivery, a significant advantage in today’s high-demand automotive market.
Mr. Adnan Aurangzeb Khan, Head of Consumer Banking at MCB Bank, emphasized the bank’s commitment to supporting sustainable and innovative mobility while speaking at the MoU signing ceremony: “This collaboration with NexGen Auto reflects MCB Bank’s vision to empower customers with smarter, greener and more accessible transportation choices. By offering some of the most competitive auto financing rates in the market, especially for cutting-edge vehicles like the JAECOO J7 PHEV, we’re not just financing cars; we’re accelerating Pakistan’s transition towards sustainable mobility.”
Mr. Muhammad Aqib Zulfiqar, Director at NexGen Auto also added “We’re proud to partner with MCB Bank, a trusted name in Pakistan’s financial sector, to remove barriers to ownership for our premium, technology-forward vehicles. With priority delivery and tailored financing, we’re ensuring that customers experience seamless, end-to-end convenience, from selection to the driver’s seat.”
The partnership underscores a shared commitment to innovation, customer-centricity and environmental responsibility, as both companies aim to drive adoption of hybrid and electric vehicles in Pakistan’s evolving automotive landscape.
Syngenta Pakistan revives hope for flood-affected farmers in Punjab
In response to the devastating floods that struck Punjab’s fertile lands, Syngenta Pakistan has launched a major CSR initiative to help affected farmers rebuild their livelihoods across Multan and Sahiwal divisions.
Committed to sustainability and rural prosperity, Syngenta Pakistan has pledged PKR 50 million worth of crop protection products and vegetable seeds for flood-affected farmers. In the first phase, products worth PKR 25 million are being distributed across the two divisions, supporting the restoration of nearly 12,000 acres of farmland.
The launch ceremony, held at Model Agrimall, Sahiwal, was attended by Syed Ashiq Hussain Kirmani, Minister for Agriculture (Punjab); Iftikhar Ali Sahoo, Secretary Agriculture; Dr. Asif Tufail, Commissioner Sahiwal Division; and other senior government officials. Representing Syngenta Pakistan, Mr. Zeeshan Hasib Baig (Country General Manager), Syed Ali Murtaza (Head of Corporate Affairs & Business Sustainability), and Banaras Habib (Head of Sales) distributed seeds, crop protection products, and PPEs to farmers.
“Our farmers are the backbone of Pakistan’s economy, and it is our duty to support them in times of adversity,” said Mr. Zeeshan Hasib Baig, Country General Manager, Syngenta Pakistan.
Through this initiative, Syngenta Pakistan continues to plant seeds of hope for a stronger and more resilient agricultural future.
Pak-Qatar Group enters strategic mou with SWICH to deploy digital payment gateway
Pak-Qatar Group (PQG) announced the signing of a Memorandum of Understanding (MoU) with fintech provider SWICH, designating them as PQG’s official online payment gateway solution. This major initiative is part of PQG’s broader digital transformation strategy, designed to embed a unified, secure and scalable payments infrastructure right across its banking, takaful, investment and financial-services businesses.
According to the contract, SWICH will integrate directly into PQG’s digital ecosystem, offering a single API interface for both collections. The payments interface will support a wide range of methods including credit and debit cards, Wallets, IBFT, 1Bill, direct-debit arrangements and corporate payout mechanisms. This capability is intended to streamline transaction flows, enhance operational efficiency and provide a consistent user experience across all PQG’s participating entities.
In order to ensure a smooth rollout, the agreement outlines a phased deployment plan: initial pilot integration within select critical business units will be followed by rigorous security testing, user-usability trials and full-scale deployment. Both PQG and SWICH will collaborate closely on key concerns such as regulatory compliance, data security, fraud detection and system-scalability. They commit to ongoing iterative refinement of the solution in response to feedback, emerging market demands and evolving fintech standards.
By adopting this advanced payments architecture, PQG expects to reduce payment-friction for its clients, shorten transaction turnaround times and elevate overall customer satisfaction levels. As Pakistan’s financial landscape embraces digitalisation at pace, PQG intends to reaffirm its position as a leader within the Islamic-finance segment by offering modern, reliable and customer-centric digital-financial services.
The partnership also reinforces the broader shift in Pakistan’s payments infrastructure, where fintech entities are playing an increasingly central role in enabling digital financial inclusion and real-time transaction ecosystems. With this collaboration, PQG is positioned to leverage best-in-class technology to meet the needs of its stakeholders and adapt to the fast-moving environment of Islamic finance.
Wafi Energy proudly hosts 12th Tameer Awards 2025
Wafi Energy Pakistan Limited, proudly hosted the 12th Tameer Awards 2025, continuing its legacy of empowering and recognizing young Pakistani entrepreneurs driving innovation and positive change across the nation.
This year’s edition of the Tameer Awards attracted over 450+ applications from across Pakistan. 30 finalists were selected across six categories: Bright Ideas, Circular Economy, Clean Energy Solutions, Empowering Women, Technology Innovation, and Transportation & Mobility. Each finalist presented their business idea to a distinguished panel of judges comprising leading business executives, investors, and academic experts, who evaluated the startups for creativity, scalability, and social impact.
Speaking at the ceremony, Habib Haider, Director Corporate & Government Relations, said:
“The diverse range of startups and business ideas presented by this year’s finalists highlight the growing potential of Pakistan’s entrepreneurial ecosystem. From clean energy to technology and women-led enterprises, our youth is shaping industries, creating jobs, and redefining how we look at growth and impact.”
Reflecting on the vision behind the Wafi Tameer program, Mr. Zubair Shaikh, CEO of Wafi Energy Pakistan, expressed that:
“Wafi Tameer continues to create real opportunities for Pakistan’s young innovators. By supporting startups and early-stage businesses, we are helping transform the youth into empowered entrepreneurs who are turning Pakistan’s challenges into opportunities for sustainable growth.”
The grand winners of the 12th Tameer Awards 2025 were announced across six categories. In the Bright Ideas category, Muhammad Zaka ur Rehman won for Z Media Technologies (RunVerse), a blockchain-based “move-to-earn” fitness platform that rewards physical activity. AgriCalcis by Manahil Akmal won in Circular Economy for converting marble waste into fertilizer-grade calcium nitrate to support sustainable agriculture. In Clean Energy Solutions, Nida Riaz from Bio-Home Energy was recognized for turning household organic waste into clean cooking gas and fertilizer through mini biogas units. The Empowering Women category was won by Syeda Bushra Zehra Zaidi for B-Fit Revo, Pakistan’s first smart foot rehabilitation device and tele-rehab app designed for women. Muhammad Ubaid Raza from Ace Aeronautics won in Technology Innovation for developing AI-powered, collision-resilient drones for industrial and rescue applications. In Transportation & Mobility, Ali Yar from Pani Express took the award for building a digital “Uber for Water” platform that optimizes tanker deliveries through IoT and real-time tracking.
The runners-up were CROPSEN (Bright Ideas), Ecoshelf (Circular Economy), WaterGenix (Clean Energy Solutions), GlamBee Pvt. Ltd. (Empowering Women), The Brave Next (Technology Innovation), and MILKIFY Pvt. Ltd. (Transportation & Mobility).
Since its inception, Tameer has engaged over one million youth across Pakistan, helping train more than 17,000 entrepreneurs and supporting the creation of 1,200+ startups through workshops, seed funding, and global exposure opportunities. Through Wafi Energy’s continued support, the Tameer program remains committed to driving innovation, entrepreneurship, and sustainable economic growth in Pakistan.
BankIslami upgrades ‘aik’ to deliver seamless riba-free digital banking
Committed to its mission of advancing Islamic banking in Pakistan, BankIslami has further strengthened ‘aik’— the country’s first digital Islamic banking platform offering truly Riba-free banking solutions.
The upgraded aik platform now delivers a more powerful, intuitive, and seamless user experience, featuring enhanced system capabilities and new tools designed to improve accessibility and provide a customer-friendly digital banking journey.
Through aik, BankIslami is expanding its digital reach by enabling customers to open current and Bachat (saving) accounts instantly through their smartphones—with just a few clicks. The platform aims to serve diverse customer segments promoting financial inclusion across Pakistan.
In alignment with the State Bank of Pakistan’s and the Government of Pakistan’s “Go Cashless” strategy, the aik mobile application now supports Raast QR payments, providing Shariah-compliant digital payment solutions for micro and small merchants (SMEs).
Beyond banking, ‘aik’ is evolving into a comprehensive Islamic lifestyle application. The newly introduced ‘aik Deen’ module enriches the user experience with features such as Azaan alerts, a digital Quran, Islamic calendar, Qibla compass, Hadith and Ayat notifications, and live streaming from Makkah and Madinah.
Additionally, customers can enjoy modern digital conveniences such as bill splitting, gifting money, referral rewards, and invite-and-earn programs, making banking simpler and more rewarding.
“As digital adoption accelerates, we continue to innovate with purpose. This upgrade positions aik as more than a banking app, it is a lifestyle companion for customers seeking a Shariah-compliant way of life,” said Ashfaque Ahmed, Chief Officer of aik.
Rizwan Ata, President & CEO of BankIslami, added: “At BankIslami, we believe that a society free from Riba can only be achieved when Islamic banking is effortless, accessible, and trusted by all. By strengthening our digital platform, we are empowering every Pakistani with a modern, Shariah-compliant alternative, taking a meaningful step toward our mission of ‘Saving Humanity from Riba’.
With ‘aik’ at the forefront, BankIslami continues to advance its mission of “Saving Humanity by Providing Riba-Free Islamic Banking Solutions”, combining modern technology with Islamic values to make Shariah-compliant banking simple, accessible, and relevant for generations to come.
HBL Microfinance Bank and SUPARCO Begin First Disbursements Under Climate-Smart Agri Finance Using Satellite Data Intelligence
HBL Microfinance Bank (HBL MfB), in partnership with the Pakistan Space & Upper Atmosphere Research Commission (SUPARCO), has commenced disbursements under Pakistan’s first climate-smart agri-finance, by using satellite data intelligence. The initiative represents a major milestone in the country’s journey toward sustainable, technology-driven agriculture.
This pilot, previously announced as a pioneering collaboration between HBL MfB and SUPARCO, uses satellite data intelligence, crop monitoring, and remote-sensing analytics to assess crop health, support risk management, and enable more accurate, and timely agri-credit decisions. With the first loan now disbursed, the partnership moves from planning to impactful execution.
Speaking on this development, Amir Khan, President & CEO, HBL Microfinance Bank, stated: “Agriculture is the backbone of Pakistan’s economy, yet highly vulnerable to climate shocks. By integrating satellite intelligence into agri-financing, we are equipping farmers with the tools to withstand climate risks, improve productivity, and contribute to national food security. Furthermore, it also strengthens risk management for the banking sector financing agriculture. This partnership reflects our commitment to delivering innovative, inclusive, and climate-resilient financial solutions, and we look forward to scaling it up very soon.”
Through SUPARCO’s remote-sensing capabilities and HBL MfB’s extensive on ground presence, farmers will receive more accurate assessments of land use, crop patterns, and vegetation stress. The partnership enables HBL MfB to extend financing that is smarter, faster, and better aligned with farmers’ real conditions on ground.
Mr. Zafar Iqbal, Member (SAR), SUPARCO, remarked: “This collaboration showcases how Pakistan’s space technology can directly support economic development. By applying satellite analytics to agriculture, we are strengthening livelihoods and contributing to national climate resilience.”
With agriculture employing nearly half of the country’s workforce and contributing significantly to GDP, the shift toward data-driven, climate-smart financing models is critical. This collaboration between HBL Microfinance Bank and SUPARCO will serve as a blueprint for scaling satellite-enabled agri credit across the country.
Philip Morris (Pakistan) Limited Advances Smoke-Free Vision with Localization of ZYN
Philip Morris (Pakistan) Limited (“PMPKL”), in its pursuit of a smoke-free future for Pakistan, has undertaken the localization of tobacco-free nicotine pouches, ZYN, at the company’s state-of-the-art manufacturing facility in Sahiwal.
PMPKL continues to demonstrate its commitment to responsible manufacturing practices across its cigarette manufacturing and nicotine pouches secondary manufacturing processes. This includes adherence to international health, safety and environmental standards, advanced fire-prevention infrastructure, real-time environmental monitoring systems, stringent hygiene protocols, and robust environmental sustainability initiatives such as water stewardship.
PMPKL is advancing the concept of tobacco harm reduction in Pakistan through smoke-free products. This transformation aligns with the smoke-free vision of its parent company, Philip Morris International (“PMI”), which believes in technology and science and has worked for almost two decades to develop, assess, and—more recently—commercialize alternatives to cigarettes. These products are not risk-free and are addictive but represent a better choice for adults than continuing to smoke.
PMPKL has also made progress in the localization of nicotine pouches, which began earlier this year, alongside continued enhancements in its cigarette production processes. These include the use of advanced European technology and machinery, implementation of FBR’s Track & Trace system for tax compliance, and fully automated production lines that ensure consistency while maintaining PMI’s global standards of operational excellence, quality, and occupational health and safety.
“Our commitment to Pakistan is purpose-driven. The localization of ZYN marks a key step in our transformation journey, one rooted in science, innovation, and PMI’s global vision to deliver a smoke-free future. The best choice for any smoker is to completely quit cigarettes. However, many don’t, and we aim to provide alternatives which are not risk-free and are addictive but represent a better choice for adults who would otherwise continue to smoke,” said Director Manufacturing of PMPKL.
Samarkar – Unlocking Women’s Economic Potential in Gilgit-Baltistan
Karandaaz Pakistan, in collaboration with the Karakoram Cooperative Bank Limited (KCBL) and the National Credit Guarantee Company Limited (NCGCL), has launched Samarkar – a first-of-its-kind de-risking facility aimed at expanding access to finance for women-led micro, small, and medium enterprises (MSMEs) in Gilgit-Baltistan (GB).
Derived from the words Samar (meaning “fruit,” “reward,” or “outcome”) and Kar (meaning “to do” or “enterprise”), Samarkar symbolises the “fruit of enterprise” – the tangible rewards of women’s effort, resilience, and contribution to Pakistan’s economy.
Gilgit-Baltistan hosts a growing base of micro and small enterprises across agriculture, handicrafts, tourism, and small-scale trade. However, access to formal finance remains limited, particularly for women entrepreneurs operating in informal or home-based settings. Despite their critical economic contributions, women in GB continue to face barriers in the form of limited financial literacy and minimal access to institutional credit.
Through this collaboration, KCBL, the largest cooperative bank in Gilgit-Baltistan with over 50 branches and 16,000 MSME borrowers, will mobilise financing for women-led small businesses. Karandaaz will strengthen this effort by providing a credit risk cover through NCGCL to de-risk lending to this underserved segment. The innovative financing structure of Samarkar blends market-based liquidity with concessional risk-sharing, allowing KCBL to extend affordable financing to women entrepreneurs, a segment the bank has not previously served at scale.
Beyond direct lending, the partnership will:
- Strengthen KCBL’s gender finance portfolio and identify small business clusters with growth potential.
- Establish a replicable risk-sharing template for gender-focused credit facilities in collaboration with NCGCL.
- Generate data-driven insights through impact monitoring to inform future financial inclusion policies and product design.
Speaking at the ceremony, Chief Secretary Gilgit-Baltistan, Abrar Ahmed Mirza, said: “Women in Gilgit-Baltistan play a crucial role in sustaining households and communities, yet their potential as entrepreneurs remains underutilised. Samarkar is a landmark initiative that brings the government, financial institutions, and development partners together to unlock inclusive growth where women are not just participants but drivers of regional prosperity.”
During the signing ceremony, Waqas ul Hasan, CEO Karandaaz Pakistan, shared that the collaboration reflects the organisation’s vision of inclusive growth through equitable access to finance. He added, “At Karandaaz, we believe inclusive growth begins with equitable access to finance. Samarkar is a step toward that vision, enabling women entrepreneurs in Gilgit-Baltistan to turn their ideas into enterprise and their enterprise into lasting impact.”
The agreement was signed alongside Maqsad Ali, CEO Karakoram Cooperative Bank Limited (KCBL), and Falak Raja, Company Secretary, National Credit Guarantee Company Limited (NCGCL).
Maqsad Ali, CEO Karakoram Cooperative Bank Limited (KCBL), highlighted the transformative role of financial inclusion in the region: “As the largest financial institution in Gilgit-Baltistan, KCBL is deeply rooted in the local community. Through Samarkar, we are extending our reach to women who have the ideas, skills, and ambition to grow but lack access to finance. This partnership enables us to support these entrepreneurs directly and inclusively, paving the way for stronger families, communities, and a more resilient local economy.”
Shumaila Rifaqat, Director Innovation Investments at Karandaaz Pakistan, emphasised the innovation behind the collaboration: “Through Samarkar, Karandaaz is deepening its commitment to expanding access to finance for women entrepreneurs who have long been excluded from formal financial systems. This collaboration unites public and private partners open new pathways for financial innovation, driving new approaches that make access to credit easier and help women-led businesses grow.”
Falak Raja, Company Secretary of the National Credit Guarantee Company Limited (NCGCL), discussed the importance of risk-sharing mechanisms in driving access to finance: “Guarantee programs like Samarkar are designed to unlock credit for segments that the traditional financial system has often overlooked. By sharing risk with lenders, we build confidence to lend and open the door for women entrepreneurs to access the capital they need. We are proud to play our part in translating inclusive finance into measurable economic growth.”
With this collaboration, Karandaaz, KCBL, and NCGCL aim to create a scalable model for gender-focused financing that can be replicated across Pakistan, enabling women entrepreneurs to drive local economic transformation and inspire many more to do the same.
JS Bank recognized for the Best Private Banking in Pakistan by Global Finance
JS Bank, one of the fastest growing banks in Pakistan, has been recognized for the Best Private Banking in Pakistan in Global Finance’s “World’s Best Private Banks 2026” awards. The annual awards highlight institutions that deliver exceptional service, innovation, and expertise in wealth management and private banking across global and regional markets.
Global Finance, a New York-based financial publication, is a trusted authority in the global banking and finance industry. Its annual awards are among the most respected in international banking, identifying institutions that demonstrate excellence, innovation, and leadership in their respective markets.
JS Bank’s Private Banking division is renowned for its customer centric approach, offering personalized financial solutions tailored to meet the evolving needs of high-net-worth clients. The Bank brings together deep market expertise, trusted advisory, and a focus on building long-term relationships through integrity and innovation.
Sharing his thoughts on the award the Chief Operating Officer, Atif Salim Malik said “JS Bank being recognized as the Best Private Bank in Pakistan by Global Finance is another testament to our strive to deliver excellence. We believe in building value that lasts through personalized advisory, innovative digital solutions, and a steadfast commitment to our clients’ success. Our private banking journey is guided by the vision to bring global standards of wealth management to Pakistan.”
This recognition further strengthens JS Bank’s position as a trusted financial partner and reflects its continued growth in the wealth management space. The Bank remains focused on enhancing its private banking offering by combining high-touch advisory with cutting-edge digital capabilities to serve clients both in Pakistan and abroad.
Fatima Fertilizer Hosts Sarsabz Kissan Convention in Multan to Boost Wheat Productivity
Fatima Fertilizer, in collaboration with the Govt Agriculture Department and local Govt, organized the Sarsabz Kissan Convention in Multan. The convention brought together over 1,300 farmers, serving as an important platform for discussing innovative and sustainable practices to improve wheat yields and overall agricultural productivity.
The purpose of this farmers’ seminar is to encourage farmers who have secured first, second, and third positions in the Government’s wheat high-yield competition at the provincial level and achieved 97 top three positions in districts by using Sarsabz Nitrophos and CAN fertilizers. The event aimed to inspire other farmers to also benefit from using Sarsabz Nitrophos and CAN fertilizers to increase their wheat yields and profits.
Experts and technical representatives from Fatima Fertilizer highlighted the balanced use of fertilizers, particularly Sarsabz Nitrophos and CAN, which have shown significant results in improving soil fertility and achieving 10% or higher per-acre yield of crops.
Speaking on the occasion, Rabel Sadozai, Director of Marketing and Sales at Fatima Fertilizer, stated, “Through initiatives like the Sarsabz Kissan Convention, we are reinforcing our commitment to supporting Pakistan’s farmers by providing them access to high-quality products such as Sarsabz Nitrophos and Sarsabz CAN, along with on-ground advisory services. Our goal is to help farmers achieve higher yields, improve soil health, and contribute to a more sustainable and self-sufficient agricultural ecosystem.”
The event was attended by senior officials from the Punjab Agriculture Department, including Iftikhar Ali Sahoo, Secretary of Agriculture, Punjab, Sarfraz Hussain Magsi, Special Secretary of Agriculture for Southern Punjab, Professor Dr. Asif Ali, Vice Chancellor of MNS University, Khalid Mehmood Khokhar, President of Pakistan Kisan Ittehad, Amir Karim Khan, Commissioner of Multan Division, Wasim Hamed Sindhu, Deputy Commissioner of Multan, Rana Iqbal Saraj, Member of Provincial Assembly, Punjab, Rana Ejaz Ahmad Noon, Member of the Agriculture Committee, Punjab, Chaudhry Abdul Hameed, DG of Agriculture Extension, Punjab, Dr. Aamir Rasool, DG Pest Warning Punjab, and Shehzad Saber, Director of Agriculture Extension for Multan Division.
Fatima Fertilizer also announced awards for the top-performing farmers. As part of the recognition, farmers securing the first, second, and third positions at the provincial level will be awarded tractors, while the district-level winners will receive CD 70 motorcycles and LCDs. These gifts were handed over by Rabel Sadozai and the Secretary of Agriculture, Punjab, Iftikhar Ali Sahoo, as a token of appreciation for their exceptional contribution to enhancing wheat productivity.
The Sarsabz Kissan Convention is part of Fatima Fertilizer’s ongoing efforts to empower farmers with knowledge and high-performance fertilizer solutions, ultimately driving productivity and contributing to Pakistan’s national economic growth. The event also underscored that the use of Sarsabz Nitrophos and Sarsabz CAN not only increases farmers’ income but also plays a vital role in addressing the country’s food security challenges.
Mobilink Bank wins 3rd consecutive ‘Best Digital Banking Services’ award
Pakistan’s leading digital microfinance bank, Mobilink Bank has cemented its leadership in Pakistan’s digital banking landscape by winning the ‘Best Digital Banking Services’ Award in the microfinance category for the third consecutive year at the Annual Excellence Awards hosted by CFA Society Pakistan. The Bank was also recognized as the runner-up in the ‘Best ESG Reporting’ category amongst Financial Institutions in recognition of its strong performance and continued commitment to environmental, social, and governance (ESG) principles.
The award celebrates the bank’s success in advancing financial inclusion and redefining the banking experience through its digital transformation strategy. Its robust digital ecosystem enabled millions to access secure and convenient financial services and set new industry benchmarks for customer experience and service excellence through initiatives like digital account opening, self-service kiosks, and digital SME financing and recent upgrade of the T24 core banking system to R23 – a first in the banking industry of Pakistan. Over the past year, the Bank has expanded its mobile wallets base to over 53 million accounts, which reflects growing consumer trust in its services, quality and reliability.
In parallel, the Bank has strengthened its ESG agenda through impactful initiatives like the “Change to Sustain” program, which promotes renewable-energy financing, solarizes branches, and supports afforestation initiatives to reduce its carbon footprint.Mobilink Bank’s Diversity and Inclusion (D&I) strategy continues to promote gender equity and empowerment through initiatives like the Women Inspirational Network (WIN), which fosters women’s participation in finance and entrepreneurship, and financial literacy for women. The Bank promotes gender diversity and inclusion at the workplace, and contributes significantly toward building a more inclusive, equitable, and sustainable financial ecosystem in Pakistan. Mobilink Bank’s WIN Incubator program has successfully incubated 33+ women-led startups, offering exclusive mentorship, networking and upscaling opportunities to them.
Commenting on the success, President & CEO, Mobilink Bank, Haaris Mahmood Chaudhary said, “We are deeply honored to receive back-to-back recognition from CFA Society Pakistan for our digital-first agenda. These awards inspire us to innovate further and help create a futuristic financial ecosystem that enables inclusive and sustainable progress for all, complemented by our ESG efforts.”
Over the years, Mobilink Bank has been recognized both nationally and globally for its leadership in digital innovation, sustainability, and using financial inclusion as a lever for economic progress. The bank sets a higher precedent for excellence and impact within Pakistan’s banking industry.
MPA Nawab Taimur Talpur Applauds Thar Foundation’s Efforts for Inclusive Development in Nabisar
Nawab Muhammad Taimur Talpur, Member of the Provincial Assembly (MPA), appreciated the Thar Foundation’s contributions and its commitment to inclusive development in the Tharparkar region.
During his visit, he inaugurated several community welfare projects in Nabisar, including the Thar Foundation Secondary School, a 25,000-gallon RO water filtration plant and a free mobile medical camp for local residents.
MPA Nawab Taimur Talpur, CEO of Sindh Engro Coal Mining Company and Thar Foundation Amir Iqbal, along with other guests, were briefed on the Foundation’s initiatives to enhance access to quality education, healthcare, and clean drinking water. The mobile medical bus provided free check-ups, medicines, and health awareness sessions to over 300 residents, while the newly inaugurated school, featuring 13 renovated and newly constructed classrooms, will offer quality education to children from nearby villages with trained teaching staff. Additionally, a 25,000-gallon RO water filtration plant has been established to provide safe drinking water to local communities.
Speaking at the inauguration ceremony, MPA Nawab Muhammad Taimur Talpur said that the projects launched in Nabisar to address key social needs are an excellent initiative by the Thar Foundation. “Previously, we witnessed such projects only in Thar, but now similar development is taking place in our Umerkot district, which is a matter of great satisfaction for us,” he said.
“I hope that, just as inclusive development continues in Thar, welfare projects will also expand to other districts, particularly in the upgradation of schools and the establishment of permanent healthcare facilities”, he added.
Commenting on the MPA’s visit, Amir Iqbal, CEO of Thar Foundation shared, “It was a privilege to host MPA Nawab Muhammad Taimur Talpur and his delegation, where they witnessed the transformational impact of our community initiatives. At Nabisar, we plan to launch more projects focused on school upgradation, skill development, and other long-term impactful programs for the Thar community.”
The newly inaugurated facilities showcases Thar Foundation’s ongoing commitment to enhancing living standards and promoting inclusive development across Tharparkar and surrounding regions.
Standard Chartered Pakistan hosts Investment Dialogue to connect clients with global market insights
Standard Chartered Pakistan hosted its Investment Dialogue 2025, bringing together clients, industry experts, and market participants for a thought-provoking exchange on global economic trends, investment opportunities and the evolving financial landscape.
The Investment Dialogue is part of the Bank’s ongoing initiative to engage clients across key markets through high-level discussions that provide actionable insights and foster collaboration.
The event featured a comprehensive global outlook presented by Eric Robertsen, Global Head of Research & Chief Strategist at Standard Chartered Bank, who shared perspectives on shifting trade dynamics, global inflation trends and the macroeconomic forces shaping business strategy across regions.
Building on these insights, the event included two focused product panels. The first one was on Financial Markets Outlook and Strategies led by Zubin Sethna, Executive Director, Head of Markets & Corporate Sales. The second panel focused on transaction banking and was titled, Building the Future of Treasury: Key Strategies and Innovation. This panel was led by Saquib Meyer, Head, Trade & Working Capital SC Pakistan. These sessions highlighted the innovative solutions designed to help clients manage risk, optimise liquidity and capture growth opportunities across markets.
Speaking at the event, Rehan Shaikh, CEO & Head of Coverage, Standard Chartered Pakistan, stated: “The Investment Dialogue reflects our commitment to help clients navigate complexity and identify opportunities in a rapidly changing world. Pakistan is an important market for the global Standard Chartered franchise with clients who are globally connected, outward-looking and integral to the flow of trade and investment across our footprint. Through our network strength and deep local expertise, we aim to continue serving as a trusted partner in their growth journey.”
The event brought together senior representatives from leading businesses and corporations, reinforcing Standard Chartered’s role as a connector bank, leveraging its global footprint and research led insights to enable sustainable growth for clients and markets.
ChildLife Foundation sets benchmark in Consistent Excellence to Save Lives
The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have once again recognized the ChildLife Foundation with the Best Corporate Report (BCR) Award, marking it the fourth consecutive year the foundation has secured 1st position in the Non-Profit Organization (NPO) category. The accolade reinforces ChildLife’s consistent efforts to save children lives while adhering to high standards of financial reporting, governance and transparency.
The BCR Awards in the NPO category evaluate reports against rigorous criteria that promote best practices in corporate governance. ChildLife’s repeated success at the BCR Awards underscores how institutional consistency in governance and transparency in the use of funds translates into real-world impact of saving children’s lives.
ChildLife Foundation provides life-saving treatment to more than 2 million children annually – 24/7 and free of cost. It manages Children’s Emergency Rooms (ERs) & Telemedicine Satellite Centers (TSCs) in 300+ public hospitals across Pakistan, in partnership with the governments. The organization is working to make free quality emergency care accessible to children across the country.
Dr. Ahson Rabbani, Managing Director of ChildLife Foundation, said: “Winning this award again is not about trophies, it is a proof that sustained governance and transparency are part of our life-saving work. Consistency in systems, reporting and governance ensures every resource is utilized to save children’s lives across Pakistan.”
SSGC Commemorates Pinktober Event 2025
SSGC commemorated the Pinktober event on October 31, 2025, to raise awareness about breast cancer and support the global breast cancer awareness movement. The event featured Dr. Nadia Lodhi, an oncologist, who shared valuable insights about breast cancer treatments and early detection. Dr. Anum Akram from Indus Hospital, who is also a cancer survivor, was invited as a guest speaker to share her inspiring journey and message of hope.
The Citizens Foundation (TCF) also participated in the event, where Ms. Shaista Shaikh and Ms. Rabis highlighted TCF’s mission and their volunteer-led initiative — the Baghbaan Programme, aimed at community development and education.
Alongside the awareness session, SSGC organized a full-day activity titled “Pink Treats”, which encouraged employees and home-based entrepreneurs to set up stalls within the auditorium premises. Participants showcased a variety of products including clothing, jewelry, paintings, makeup, food, and baked items.
The initiative provided an excellent platform for employees to promote their entrepreneurial spirit. All participating stall owners received appreciation certificates from MD Mr. Amin Rajput in recognition of their efforts and creativity.
The Pinktober event truly reflected SSGC’s commitment to corporate social responsibility, health awareness, and employee engagement.
Aramco Opens 50th Retail Station, Supporting Jobs and Local Economy
Gas & Oil Pakistan Limited, in partnership with Aramco, inaugurated its 50th retail station on Srinagar Highway, Islamabad. The event gathered senior management and industry leaders to celebrate this milestone, reflecting the company’s growing commitment to Pakistan’s retail fuel sector.
Beyond expanding its network, the Aramco new station contributes to the creation of employment opportunities, local skill development, and economic activity in the surrounding community. Each new outlet supports operational staff, customer service teams, and supply chain partners, reinforcing the broader socio-economic impact of the investment.
Since launching its first station in Lahore in 2024, the global oil giant has steadily expanded to 50 locations nationwide. This growth demonstrates the company’s dedication to delivering modern fueling experiences while actively contributing to Pakistan’s economic development and providing both jobs and infrastructure that benefit local communities.