Author name: Press Release

The Magnum Ice Cream Company Appoints Mert Turgut as General Manager Pakistan
Business

The Magnum Ice Cream Company Appoints Mert Turgut as General Manager Pakistan

The Magnum Ice Cream Company has announced the appointment of Mert Turgut as General Manager Pakistan, effective earlier this year. The appointment supports the company’s ongoing evolution as a standalone global ice cream business, focused on accelerating competitive growth, improving productivity, and re-investing in its brands and capabilities. Mert brings more than 15 years of experience across consumer goods and ice cream, including a progression of leadership roles within Unilever’s global ice cream operations. His career spans diverse markets, including Turkey and Morocco, and includes prior experience in Pakistan, where he led a successful transformation of the Wall’s business. Since assuming the role, Mert has focused on strengthening in market execution, refining routes to market and ensuring decisions are grounded in consumer insights and market dynamics in Pakistan, where consumption patterns are established but continue to evolve in emerging occasions. “With its scale, resilience and talent, Pakistan holds incredible potential,” said Mert Turgut. “I’m thrilled to lead The Magnum Ice Cream Company in this market and excited to bring future-focused, joyful ice cream experiences to more consumers.” Looking ahead, Mert will focus on expanding accessible ice cream experiences, growing the category across every day and on the go occasions, and strengthening the company’s long term presence in Pakistan.

BingX Reports Strong Q1 2026 Growth as AI Users Surpass 5 Million and TradFi Hits 50% of Volume
Tech

BingX Reports Strong Q1 2026 Growth as AI Users Surpass 5 Million and TradFi Hits 50% of Volume

Q1 2026 Highlights: Pakistan, April 20, 2026 – BingX, a leading cryptocurrency exchange and Web3-AI company, today released its Q1 2026 review, highlighting momentum across its AI-driven, Tradfi ecosystem. The quarter was defined by the launch of the BingX TradFi Market and continued expansion of the BingX AI suite, alongside strong user feedback to its VIP program enhancements. In Q1, BingX officially launched its TradFi Market, marking a significant step in bridging traditional finance and crypto trading. The platform now supports over 100 TradFi assets across commodities, forex, stocks, and indices. At its peak during the quarter, TradFi trading accounted for 50% of BingX’s total volume, reflecting strong user demand for diversified markets within a unified trading environment. Fully integrated across the BingX ecosystem, TradFi capabilities extend into perpetual futures, copy trading, AI-powered tools, and VIP benefits, enabling users to manage their trading efficiently through one platform. BingX continued to advance its position as the first AI-native crypto exchange, with two key products launched in Q1: BingX AI Claw and the BingX AI Skills Hub. AI Claw delivers real-time, cross-validated trading signals with explainable insights, while the AI Skills Hub introduces a new interaction layer through AI agents capable of executing trades, analyzing markets, and managing accounts using natural language. Adoption of BingX AI surpassed a total of 5 million users in Q1, with over 57 million queries resolved, underscoring users’ growing reliance on AI-driven trading support. BingX VIP also saw strong growth through the “Access More. Go Further.” update, improving accessibility, performance, and rewards for advanced users. $1.4 million airdrops have been delivered, while optimized execution mechanisms helped users save over $700,000 in trading fees. With expanded entry pathways, enhanced benefits, and integration across both crypto and TradFi markets, BingX VIP continues to evolve as a comprehensive premium trading ecosystem. About BingX: Founded in 2018, BingX is a leading crypto exchange and Web3-AI company, serving over 40 million users worldwide. Ranked among the top five global crypto derivatives exchanges and a pioneer of crypto copy trading, BingX addresses the evolving needs of users across all experience levels. Powered by a comprehensive suite of AI-driven products and services, including futures, spot, copy trading, and TradFi offerings, BingX empowers users with innovative tools designed to enhance performance, confidence, and efficiency. BingX has been the principal partner of Chelsea FC since 2024, and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026. For more information, please visit: https://bingx.com/

Pakistan SADC Chamber of Trade Federation and ABAD Join Hands for Pak-Africa Trade & Investment Conference 2026 in Karachi
Business

Pakistan SADC Chamber of Trade Federation and ABAD Join Hands for Pak-Africa Trade & Investment Conference 2026 in Karachi

Karachi, Pakistan The Pakistan SADC Chamber of Trade Federation (PSCTF) and the Association of Builders and Developers of Pakistan (ABAD) convened a high-level meeting to discuss strategic collaboration for the upcoming Pak-Africa Trade and Investment Conference 2026, scheduled to be held in Karachi. PSCTF delegation under leadership of Syed Moizuddin Senior Vice President (Pakistan Chapter) and Noor Afsha Baloch President Baluchistan and Women Wing (Pakistan Chapter), Muhammad Shafiq, Sheikh Aqeel, Sadiq Kareem and other members met with Chairman ABAD Hassan Bakshi, Vice Chairman ABAD Tariq Aziz , Chairman SR Ovais Thanvi, Former Vice Chairman A.K. Adia and others met for focusing on strengthening economic ties between Pakistan and African nations, with particular emphasis on trade, infrastructure development, real estate, and investment opportunities. During the session, both parties expressed a shared commitment to fostering sustainable partnerships between Pakistani and African businesses. Discussions highlighted the importance of creating platforms that facilitate B2B engagements, joint ventures, and knowledge exchange in key sectors such as construction, housing, energy, and urban development. Representatives from PSCTF emphasized the growing potential of African markets and underscored the role of the conference in connecting Pakistani exporters, investors, and developers with emerging opportunities across the African continent. ABAD leadership reaffirmed its support in mobilizing Pakistan’s construction and development sector to actively participate in the conference and explore cross-border collaborations. Both organizations agreed to work closely on: Coordinating sector-specific sessions during the conferenceEncouraging participation from industry stakeholdersPromoting investment-friendly policies and partnershipsShowcasing Pakistan’s expertise in construction and infrastructure development The Pak-Africa Trade and Investment Conference 2026 aims to serve as a landmark platform for enhancing bilateral trade, strengthening diplomatic and economic relations, and unlocking new avenues for mutual growth. The meeting concluded with a mutual understanding to establish a joint working group that will oversee planning, coordination, and execution of conference-related activities. About PSCTF:The Pakistan SADC Chamber of Trade Federation is dedicated to promoting trade, economic cooperation, and investment between Pakistan and the Southern African Development Community (SADC) member states. About ABAD:The Association of Builders and Developers of Pakistan is the leading representative body of the country’s real estate and construction sector, playing a pivotal role in shaping housing and infrastructure development.

Made in Pakistan: Spotify Marks 5 Years of Music Discovery and Homegrown Growth
Editor pick, Pakistan

Made in Pakistan: Spotify Marks 5 Years of Music Discovery and Homegrown Growth

Karachi, April 16, 2026 — In Pakistan, listeners are exploring more music than ever before—moving across genres, generations, and languages in ways that are reshaping how music is discovered and experienced. Five years since its launch in the country, Spotify is marking a milestone defined not just by growth, but by a shift in how deeply audiences are engaging with music. Since 2021, Spotify has become an integral part of how music is experienced in Pakistan. Over this period, listenership on the platform has grown by more than 750%, while listeners have created over 15 million user-generated playlists, highlighting how actively audiences are curating and shaping their own music journeys. This shift is also reflected in listening behavior. Today, the average Spotify listener in Pakistan streams more than 140 different artists per year, pointing to a highly discovery-driven audience where exploring new music is the norm. A Diverse and Evolving Sound From Pakistani hip hop, Pakistani pop, and qawwali to regional sounds, listeners in Pakistan are embracing a wide range of genres, reflecting a music culture that blends tradition with contemporary influences and continues to evolve rapidly. As listening becomes more diverse, more listeners are discovering and engaging with Pakistani artists, with local music continuing to grow on Spotify. Since 2021, total plays of Pakistani artists on the platform have grown more than sevenfold, pointing to a deeper connection between audiences and homegrown talent. The artists defining this moment reflect that growth. From contemporary voices like Talha Anjum, Umair, and Hasan Raheem, to enduring icons such as Atif Aslam and Nusrat Fateh Ali Khan, listeners are moving seamlessly between new and legacy sounds—highlighting the breadth of Pakistan’s musical identity. Similarly, tracks like “Jhol” by Maanu and Annural Khalid, “Pal Pal” by Afusic and AliSoomroMusic, “Wishes” by Hasan Raheem, Umair, and Talwiinder, “Bikhra” by Abdul Hannan and Rovalio, and “Maand” by Bayaan, Hasan Raheem, and Rovalio have emerged as defining songs of the streaming era. Championing Homegrown Music This momentum is being shaped through Spotify’s continued investment in Pakistani music. Playlists like “Pakka Hit Hai” have become a home for the country’s biggest contemporary hits, while “ICON Pakistan” celebrates the legacy of Pakistan’s most influential artists. Pakistan’s music ecosystem is expanding rapidly. Since launch, the number of Pakistani artists on Spotify has grown by nearly 75%, as more creators enter the space and reach audiences both locally and globally. Supporting Artists Across Pakistan Supporting this evolution remains a key focus for Spotify. Through initiatives like “RADAR Pakistan”, “EQUAL Pakistan”, and “Fresh Finds Pakistan”, the platform continues to invest in artists at every stage, helping emerging voices break through while supporting established talent in reaching new audiences. “Music has always been at the heart of culture in Pakistan, but what we’re seeing now is a new level of connection. Listeners are exploring more, discovering faster, and showing up for homegrown artists in a way that feels truly powerful,” said Rutaba Yaqub, Spotify’s Artist & Label Partnerships Manager for Pakistan & UAE. “From emerging voices to iconic legends, there’s a real momentum behind Pakistani music today, and it’s exciting to see how that continues to grow.” Together, these shifts point to a music culture that is becoming increasingly open, dynamic, and discovery-led, where listeners are not only shaping what’s popular, but actively driving the rise of new artists and sounds across Pakistan. Listeners can explore the tracks that defined the past five years on Spotify’s “Made in Pakistan” playlist.https://open.spotify.com/playlist/37i9dQZF1DXbdNlwEdmFJI Most-Streamed Pakistani Artists in Pakistan in the Last 5 Years Most-Streamed Pakistani Tracks in Pakistan in the Last 5 Years

Nishat Group Achieves 5,000 Units Milestone for Omoda & Jaecoo in Pakistan
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Nishat Group Achieves 5,000 Units Milestone for Omoda & Jaecoo in Pakistan

Faisalabad (April 16, 2026): Nishat Group has reached a significant milestone with its subsidiary NexGen Auto Pvt. Ltd, the official partner of Omoda & Jaecoo in Pakistan, celebrating the successful and record breaking “5,000 Units Line Off Ceremony” for its premium automotive brand, Omoda & Jaecoo. The ceremony took place at the company’s advanced manufacturing facility near Faisalabad, marking a strong response from the local market and reflecting the brand’s rapid growth since its launch in Pakistan. Omoda & Jaecoo, globally recognized as the fastest growing automotive brand in the world, has achieved close to one million sales within just three years. This global success is now being mirrored in Pakistan, where the brand continues to gain traction among consumers. The milestone includes the local production of the Jaecoo J5 HEV and Jaecoo J7 PHEV, both of which have recorded strong bookings and sales nationwide. The performance highlights increasing consumer confidence in the brand’s innovation, performance, and premium positioning. Industry experts view this achievement as a positive development for Pakistan’s automotive landscape, reflecting growing investment in advanced manufacturing and localized production. Nishat Group reaffirmed its commitment to strengthening Pakistan’s automotive industry through operational excellence and global collaboration, while further expanding the footprint of Omoda & Jaecoo in the country. The production of 5,000 units represents not only a key operational milestone but also signals the brand’s alignment with a globally proven success story, as it continues to grow its presence in Pakistan’s evolving mobility market.

Al-Ghazi Tractors Produces 600,000th Unit at Dera Ghazi Khan Plant, Marking 40-Year Milestone in Pakistan This image has an empty alt attribute; its file name is WhatsApp-Image-2026-04-16-at-6.23.35-PM-818x1024.jpeg Four Decades of Manufacturing for Pakistan's Farmers Lahore, 16 Apr, 2026 — Al-Ghazi Tractors marked a defining milestone in Pakistan's industrial history, celebrating the production of its 600,000th tractor at a ceremony held at its manufacturing facility in Dera Ghazi Khan, the same plant where the company first began production over four decades ago. Read More: The milestone tractor produced during the ceremony was a Ghazi 640, Al-Ghazi Tractors' most celebrated model and a name synonymous with reliability among Pakistani farmers for generations. Spanning over 3.9 million square feet, the Dera Ghazi Khan facility has been the backbone of Al-Ghazi Tractors' operations since 1983. The ceremony brought together company leadership to mark what stands as one of the most significant production achievements in Pakistan's agricultural machinery sector. Al-Ghazi Tractors manufactures more than 92% of its tractor components locally, a figure that reflects both the depth of its manufacturing infrastructure and its contribution to Pakistan's industrial base. Established as a subsidiary of the Al-Futtaim Group, with Case New Holland as both a strategic shareholder and technical collaborator, the company has spent 42 years building tractors engineered specifically for Pakistan's agricultural conditions. "Reaching 600,000 tractors is not just a production number, it is a reflection of the trust millions of Pakistani farmers have placed in us over the decades," said Yasin Seker, Chief Executive Officer of Al-Ghazi Tractors. "Every tractor that has left our plant represents a commitment to quality, a livelihood supported, and a step forward for Pakistan's agricultural economy." Pakistan's agricultural sector employs nearly 40% of the national workforce and contributes approximately 24% of GDP. Al-Ghazi Tractors' nationwide distribution network ensures that farmers in even the most remote districts have access to both the machinery and the after-sales support they need. "Our vision is to make Al-Ghazi Tractors a symbol of success, not only for our company and shareholders, but for every farmer we serve and every community we touch," Mr. Seker added. About Al-Ghazi Tractors Limited: Al-Ghazi Tractors Limited (AGTL) is Pakistan's leading agricultural tractor manufacturer, a subsidiary of the Al-Futtaim Group, and operates in technical collaboration with Case New Holland. Listed on the Pakistan Stock Exchange, AGTL has manufactured tractors at its Dera Ghazi Khan facility since 1983.
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Al-Ghazi Tractors Produces 600,000th Unit at Dera Ghazi Khan Plant, Marking 40-Year Milestone in Pakistan

Four Decades of Manufacturing for Pakistan’s Farmers Lahore, 16 Apr, 2026 — Al-Ghazi Tractors marked a defining milestone in Pakistan’s industrial history, celebrating the production of its 600,000th tractor at a ceremony held at its manufacturing facility in Dera Ghazi Khan, the same plant where the company first began production over four decades ago. The milestone tractor produced during the ceremony was a Ghazi 640, Al-Ghazi Tractors’ most celebrated model and a name synonymous with reliability among Pakistani farmers for generations. Spanning over 3.9 million square feet, the Dera Ghazi Khan facility has been the backbone of Al-Ghazi Tractors’ operations since 1983. The ceremony brought together company leadership to mark what stands as one of the most significant production achievements in Pakistan’s agricultural machinery sector. Al-Ghazi Tractors manufactures more than 92% of its tractor components locally, a figure that reflects both the depth of its manufacturing infrastructure and its contribution to Pakistan’s industrial base. Established as a subsidiary of the Al-Futtaim Group, with Case New Holland as both a strategic shareholder and technical collaborator, the company has spent 42 years building tractors engineered specifically for Pakistan’s agricultural conditions. “Reaching 600,000 tractors is not just a production number, it is a reflection of the trust millions of Pakistani farmers have placed in us over the decades,” said Yasin Seker, Chief Executive Officer of Al-Ghazi Tractors. “Every tractor that has left our plant represents a commitment to quality, a livelihood supported, and a step forward for Pakistan’s agricultural economy.” Pakistan’s agricultural sector employs nearly 40% of the national workforce and contributes approximately 24% of GDP. Al-Ghazi Tractors’ nationwide distribution network ensures that farmers in even the most remote districts have access to both the machinery and the after-sales support they need. “Our vision is to make Al-Ghazi Tractors a symbol of success, not only for our company and shareholders, but for every farmer we serve and every community we touch,” Mr. Seker added. About Al-Ghazi Tractors Limited: Al-Ghazi Tractors Limited (AGTL) is Pakistan’s leading agricultural tractor manufacturer, a subsidiary of the Al-Futtaim Group, and operates in technical collaboration with Case New Holland. Listed on the Pakistan Stock Exchange, AGTL has manufactured tractors at its Dera Ghazi Khan facility since 1983.

Strategic Meeting Held to Strengthen Collaboration for Upcoming Conference in Karachi
Business

Strategic Meeting Held to Strengthen Collaboration for Upcoming Conference in Karachi

Karachi, Pakistan — A significant meeting was held between Atif Ikram Sheikh the President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Syed Moizuddin the Senior Vice President (SVP) of the Pakistan SADC Chamber of Trade Federation along with President Women wing and Baluchistan Noor Afsha Baloch, Shiekh Aqeel general Secretary Sindh to discuss strategic collaboration for an upcoming conference scheduled to take place in Karachi. The meeting focused on fostering stronger institutional partnerships, enhancing regional trade connectivity, and aligning mutual objectives to ensure the success of the forthcoming conference. Both sides emphasized the importance of creating a dynamic platform that brings together key stakeholders from trade, industry, and policy sectors to promote economic growth and cross-border collaboration. During the discussion, both leaders expressed their commitment to facilitating meaningful dialogue, encouraging business-to-business engagements, and showcasing investment opportunities within Pakistan and across SADC member countries. The conference is expected to serve as a catalyst for strengthening trade relations and exploring new avenues for cooperation. The participants also deliberated on key themes, potential participation from international delegates, and strategies to maximize the impact of the event. It was agreed that joint efforts and coordinated planning will play a crucial role in delivering a successful and impactful conference.The meeting concluded on a positive note, with both organizations reaffirming their dedication to working closely together and contributing toward the advancement of regional trade and economic development.

PSCTF delegation visit Federation of Pakistan Chambers of Commerce and Industry in Karachi.
Business

PSCTF delegation visit Federation of Pakistan Chambers of Commerce and Industry in Karachi.

A delegation of the Pakistan SADC Chamber Trade Federation (PSCTF), led by President Sindh Chapter Mr. Muhammad Shoaib Qadri, visited the head office of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Karachi and met with Senior Vice President Mr. Fayyaz Magoon and his team. Read More: https://theboardroompk.com/fitsair-launches-direct-colombo-lahore-route-strengthening-pakistan-sri-lanka-connectivity/ The delegation included Senior Vice President Central PSCTF Mr. Syed Moizuddin and President Balochistan Chapter & Women Wing Ms. Noor Afshan Baloch. The meeting was highly productive, resulting in several key decisions: FPCCI will collaborate with PSCTF in establishing warehouse and trade center facilities in South Africa and will partner in their inauguration during the upcoming 3rd Pak-Africa Trade Summit. Both organizations agreed to jointly advocate for Free Trade Agreement (FTA) and Preferential Trade Agreement (PTA) frameworks between Pakistan and Southern African countries. An MoU for bilateral cooperation between FPCCI and PSCTF will be signed soon. FPCCI will also collaborate with PSCTF in organizing the Pak-Africa Trade and Investment Conference scheduled for 13 May 2026 in Karachi. Relevant committees from both sides, particularly in information technology, will coordinate to develop strategies for increasing IT exports to African markets. Both organizations will nominate focal persons shortly to ensure effective coordination. Key documentation regarding the warehouse, trade center, and trade agreements will also be shared in due cours

BingX Futures Grid Expands to Gold, Silver, and Oil, Bringing Automated Precision to Macro Trading
Editor pick, Tech

BingX Futures Grid Expands to Gold, Silver, and Oil, Bringing Automated Precision to Macro Trading

Pakistan, April 11, 2026 – BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the expansion of its futures grid trading feature to include TradFi assets Gold, Silver, and Oil. This update enhances the range of instruments available within BingX’s automated trading tools, enabling users to apply systematic strategies to key macro assets directly on the BingX app. With the addition of these commodities, BingX continues to strengthen its rapidly growing TradFi suite, currently supporting over 100 TradFi assets. Fully integrated across the BingX ecosystem, including futures, spot, copy trading, and BingX AI, BingX TradFi provides users with seamless access to commodities, forex, stocks, and indices within a unified trading environment. By embedding TradFi assets into familiar tools such as grid trading, BingX lowers the barrier for users to diversify strategies and engage with global markets without switching platforms or workflows.

PSCTF delegation visit North Karachi Association of Trade and Industry
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PSCTF delegation visit North Karachi Association of Trade and Industry

A delegation from the Pakistan SADC Chamber Trade Federation (PSCTF), led by President Sindh Chapter Mr. Muhammad Shoaib Qadri, visited the North Karachi Association of Trade and Industry (NKATI) on Friday, 10 April 2026. The delegation, including senior vice president Pakistan Chapter Syed Moizuddin and president Balochistan Chapter & Women Wing Ms. Noor Afshan Baloch, held a productive meeting with NKATI President Mr. Faisal Moiz and his team. PSCTF extended an invitation to NKATI and its members to attend the Pak-Africa Trade and Investment Conference, scheduled for 13 May 2026 in Karachi. Both sides also discussed signing an MoU to strengthen trade and investment cooperation between Pakistan and Africa. It was agreed that NKATI’s Africa-focused subcommittee will collaborate closely with PSCTF. NKATI also invited PSCTF to participate in an upcoming seminar, where PSCTF will present its vision, achievements, and future plans, and further engage members for the conference. A draft MoU was shared and will be finalized soon. Mr. Haroon Sikandar has been nominated as NKATI’s focal person, while Ms. Noor Afshan Baloch will represent PSCTF.

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