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OGDC Strikes Its First Hydrocarbon Discovery at Bobi Deep-1 in Sanghar
Pakistan

OGDC Strikes Its First Hydrocarbon Discovery at Bobi Deep-1 in Sanghar

Oil and Gas Development Company Limited (OGDC) has announced a significant hydrocarbon discovery at the Bobi Deep-1 well in the Sanghar district of Sindh, marking an important milestone for the company. Read More: https://theboardroompk.com/pakistans-pine-nut-chilgoza-exports-to-china-nearly-double-in-two-years/ Discovery Details Bobi Deep-1 represents OGDC’s first hydrocarbon discovery from a major sandstone reservoir in the area. The well was drilled to explore deeper prospects and successfully encountered hydrocarbons. During testing, the well flowed at a rate of 2,000 barrels per day (BPD) of oil and 1.1 million cubic feet per day (MMCFD) of gas through a 32/64-inch choke. This discovery is expected to open new exploration avenues in the surrounding blocks. Industry experts believe the find could significantly expand the resource potential in the region and encourage further drilling activities by other operators. Earnings Impact The discovery carries strong financial implications for OGDC. Assuming 100% working interest, the company has estimated substantial earnings upside. At crude oil price of $90 per barrel and gas price of $5 per MMBTU with PKR/USD at 280, the net revenue impact stands at Rs14.7 billion for oil and Rs618 million for gas. After accounting for costs, net income is projected at Rs5.89 billion from oil and Rs247 million from gas. This translates into an EPS impact of Rs1.37 from oil and Rs0.06 from gas, delivering a combined EPS boost of Rs1.43. The positive earnings contribution is likely to support OGDC’s share price performance in the near term. Analysts at Optimus Capital Management view this as a value-accretive development for the national oil and gas giant. The discovery not only strengthens OGDC’s reserve base but also highlights the untapped potential of deeper sandstone formations in mature basins. With Pakistan facing energy challenges, such indigenous discoveries are critical for reducing import dependence and enhancing energy security. Further appraisal and development activities are expected in the coming months as OGDC moves towards commercial production from the Bobi Deep-1 discovery.

Pakistan's Pine Nut (Chilgoza) Exports to China Nearly Double in Two Years
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Pakistan’s Pine Nut (Chilgoza) Exports to China Nearly Double in Two Years

BEIJING: Pakistan’s pine nut exports to China nearly doubled between 2023 and 2025, reflecting growing Chinese demand for premium food products and opening new opportunities for value-added agricultural trade between the two countries. Read More: https://theboardroompk.com/gwadar-port-utilization-hits-30-as-israel-us-war-on-iran-reshapes-trade-routes/ According to data from China’s General Administration of Customs (GACC), exports of Pakistani pine nuts to China increased from 579.8 tonnes in 2023 to 1,147 tonnes in 2025. Export earnings climbed from $8.2 million in 2023 to $18.8 million in 2024 before easing slightly to $17.9 million in 2025. China Emerges as Dominant Market Industry estimates suggest that China now absorbs around 80-90% of Pakistan’s pine nut exports, making it the country’s most important overseas market for chilgoza. Chinese consumers prefer Pakistani pine nuts because of their thin shell, distinctive flavour and crisp texture, according to exporters engaged in the trade. Abdul Mateen, CEO of AM Enterprises, told China Economic Net (CEN) that his company has been exporting pine nuts to China for the past 12 years and has witnessed a steady increase in demand from Chinese buyers. Pakistan’s chilgoza forests are mainly located in North and South Waziristan, along with parts of Balochistan, Khyber Pakhtunkhwa and Gilgit-Baltistan. According to Amjad Zarin, Associate Professor at Jilin International Studies University, North and South Waziristan account for around 80-85% of Pakistan’s total pine nut production. North Waziristan produces an estimated 1,700-2,000 metric tonnes annually, while South Waziristan contributes another 800-900 metric tonnes. Pakistan’s overall production ranges between 2,100 and 2,900 metric tonnes annually, depending on weather conditions and harvest quality. Scope for Value-Added Exports Despite rising exports, experts believe Pakistan has yet to fully tap the potential of China’s vast premium nut market. Mateen said there is considerable room for cooperation between Chinese and Pakistani firms in agricultural processing and value addition. Areas identified for collaboration include modern cleaning and sorting facilities, dehydration technology, roasting plants, advanced packaging and cold-chain logistics. Such investments could help reduce post-harvest losses, improve product quality and extend shelf life, enabling exporters to access higher-value retail segments. Experts also highlighted the importance of certification, branding and quality standardisation to strengthen Pakistan’s position in China’s competitive food market. The growing popularity of e-commerce platforms in China presents another avenue for Pakistani exporters seeking direct access to consumers. Industry observers believe that improved processing and stronger supply chains could significantly increase export earnings and help Pakistan secure a larger share of China’s expanding premium food sector.

Gwadar Port Utilization Hits 30% as Israel-US War on Iran Reshapes Trade Routes
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Gwadar Port Utilization Hits 30% as Israel-US War on Iran Reshapes Trade Routes

Trade and shipping activity at Pakistan’s Gwadar Port has received a significant boost due to the ongoing US-Iran conflict. Port utilisation has climbed to 30 percent, with expectations of sustained growth as regional trade patterns shift. Read More: https://theboardroompk.com/mondelez-pakistan-and-nowpdp-partner-to-empower-persons-with-disabilities-through-skills-training-program/ Geopolitical Realignment Creates New Opportunities The Middle East war is redrawing geopolitical boundaries. On one side stand the United States, UAE, and Israel, while Saudi Arabia, Iran, Turkey, Qatar, and Egypt form another bloc. This polarisation has accelerated the development of alternative trade and energy corridors. Pakistan is capitalising on this situation by highlighting Gwadar’s strategic location. The port offers a viable bypass to the volatile Strait of Hormuz, attracting shipping companies seeking safer routes. Pakistan Offers Emergency Support to Stranded Ships During the height of the conflict, hundreds of vessels were stranded at sea. Pakistan responded swiftly by providing both on-dock and off-dock facilities. This was the first major initiative to increase activity at national ports. The government also opened six land routes to clear 3,000 stuck Iranian containers. This move not only eased immediate pressure but also opened fresh connectivity avenues with Central Asia, especially after Afghanistan suspended transit trade with Pakistan. Tariff Reductions Aim to Attract More Business In a bold incentive package, authorities announced sweeping tariff reductions at Gwadar Port. Berthing fees for container vessels and transshipment cargo were cut by 25 percent. International transshipment charges dropped by 40 percent, while transit container charges were reduced by 31 percent. Additionally, general cargo now enjoys one month of free storage, compared to the standard five days at other Pakistani ports. These measures position Gwadar as a competitive logistics and transshipment hub against Dubai and Iran’s Chabahar ports. Future Challenges and Regional Connectivity Plans Experts believe Pakistan must sustain this momentum once the conflict ends. Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry stated that the port is operating at 20-30 percent capacity and a master plan is in place to utilise the remaining capacity. Pakistan and Iran have strengthened ties through peace efforts. Plans are under discussion to link ports of Iran, Pakistan, and Oman. Meanwhile, Central Asian states and Russia are exploring new transit corridors that could eventually connect with Gwadar while bypassing Iran. However, major hurdles remain. Security issues in Balochistan and the lack of proper road and rail links to Gwadar continue to limit full potential. China and Russia are mediating between Afghanistan and Pakistan to reduce tensions. CPEC 2.0 and Industrial Push Expected Pakistan and China are advancing CPEC 2.0 with a focus on B2B investments worth $20 billion. These include industrial projects and battery storage facilities. Saudi Arabia and Kuwait are also being approached for strategic energy reserves and an Energy City featuring LPG and LNG terminals. To overcome infrastructure gaps, Pakistan has offered cargo airlines to Central Asian states, providing one month of free storage. Kazakhstan has already established a cargo company for this purpose.

Mondelez Pakistan and NOWPDP Partner to Empower Persons with Disabilities Through Skills Training Program
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Mondelez Pakistan and NOWPDP Partner to Empower Persons with Disabilities Through Skills Training Program

Karachi, 2nd Jun 2026: Reinforcing its commitment to inclusion, empowerment and sustainable livelihoods, Mondelez Pakistan has partnered with the Network of Organizations Working with Persons with Disabilities (NOWPDP) to launch a specialized culinary skills training program for persons with disabilities at NOWPDP’s Center of Excellence for Disability Inclusion in Karachi. In the first phase, the initiative aims to empower 20 persons with practical skills in cooking, baking and professional chef skills, enabling employment in cafés and restaurants or the creation of independent food ventures. The training is inclusive of design, catering to individuals with physical, hearing, speech and visual disabilities. The curriculum will also focus on food safety, confidence building, teamwork and professional kitchen practices to ensure holistic development and long-term employability. Speaking about the partnership, Usama Majeed – Head of Corporate & Government Affairs from Mondelez Pakistan said, “At Mondelez, we believe meaningful inclusion begins with creating equitable opportunities. Through this partnership with NOWPDP, we aim to empower persons from underrepresented communities with practical skills that can lead to sustainable careers and a greater participation in the economy.” Maaz Tanveer – GM Development from NOWPDP added, “This collaboration reflects our shared vision of building an inclusive Pakistan where persons with disabilities have access to dignified livelihood opportunities. Culinary arts offer immense potential for creativity, entrepreneurship and employment, and we are proud to partner with Mondelez Pakistan in enabling this journey for our trainees.” The initiative represents another step toward fostering inclusive workforce development in Pakistan while strengthening pathways for economic empowerment and self-reliance among persons with disabilities.

Arif Balgamwala Becomes First Pakistani Ever to Earn Court of Honor at Boston World Stamp Expo
Pakistan

Arif Balgamwala Becomes First Pakistani Ever to Earn Court of Honor at Boston World Stamp Expo

KARACHI: In a landmark achievement for Pakistan, renowned philatelist Arif Balgamwala T.I. has become the first Pakistani ever to be inducted into the Court of Honor at the Boston 2026 World Stamp Expo, the most prestigious international philatelic exhibition. The distinction marks the first time in 79 years that a Pakistani has been accorded this rare and coveted honour at the world’s foremost gathering of stamp collectors and philatelic excellence. This year’s Expo drew participation from 65 countries, underscoring the global scale of the event and the rarity of Balgamwala’s accomplishment. His induction places Pakistan alongside the world’s finest collectors in a forum reserved only for the most exceptional exhibits. This historic honour — comparable in the world of philately to winning an Olympic gold medal — was earned after more than 20 years of relentless dedication and hard work by Balgamwala, whose extraordinary collection on British Indian Airmails 1911–1936 (Frames 66–73) now stands proudly in the Court of Honor, alongside invited exhibits from the world’s finest collectors. The Court of Honor is not open to just anyone. Entry requires meeting the most demanding criteria in competitive philately: three Gold Medals at World Stamp Exhibitions in three different years, and three Large Gold Medals at World Stamp Exhibitions in three different years. Only then may the host country extend an invitation — and even that is not guaranteed. Arif Balgamwala’s journey to this moment spans two decades. His last Large Gold Medal on the world stage was earned at Washington 2006, making this Boston 2026 recognition the culmination of a 20-year pursuit of excellence. He also appears on the prestigious Roll of Distinguished Philatelists — one of philately’s highest individual honors. “After 20 years of hard work and trying, I finally got it. This is a first for Pakistan,” an emotional Balgamwala said, standing in front of his exhibit with both thumbs raised. Beyond competitive philately, Balgamwala has made significant contributions to strengthening Pakistan–USA bilateral relations through culture and numismatics, having designed both US coins and stamps in Pakistan — a rare distinction that underscores his role as a cultural ambassador between the two nations. Pakistan’s philatelic community and the broader public are being urged to recognize the magnitude of this achievement. In competitive philately, the Court of Honor is the equivalent of the highest Olympic podium — and no Pakistani had ever stood there before. Arif Balgamwala’s induction is not merely a personal triumph but a moment of national pride, demonstrating that Pakistani excellence can compete and win at the very highest levels on the world stage.

National Bank of Pakistan Signs MoU with Charter for Compassion Pakistan to Strengthen Employee Mental Health & Well-being Support
Pakistan

National Bank of Pakistan Signs MoU with Charter for Compassion Pakistan to Strengthen Employee Mental Health & Well-being Support

Karachi, 2nd Jun 2026: The National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with Charter for Compassion Pakistan, under its employee wellness initiative, NBP Wellness First 2.0. The collaboration aims to strengthen mental health awareness and improve access to professional well-being support for NBP employees and their dependents through structured engagement and consultation services. Under this partnership, employees will benefit from a series of nationwide virtual awareness sessions focused on stress management, emotional resilience, mental well-being, anxiety management, healthy boundaries, and sustainable self-care practices. In addition, employees and their dependents will also have access to confidential tele-consultation and physical consultation support through qualified mental health professionals associated with Charter for Compassion Pakistan. The MoU signing ceremony was attended by representatives from both organizations, reaffirming a shared commitment towards promoting emotional well-being, healthier workplace practices, and a more supportive work environment. Through NBP Wellness First 2.0, NBP aims to encourage awareness, balance, and accessibility to support systems that contribute towards a healthier and more resilient workforce.

Pakistan Tax Refunds to Be Cleared by June 15 as PM Shehbaz Sharif Unveils Agenda
Pakistan

Pakistan Tax Refunds to Be Cleared by June 15 as PM Shehbaz Sharif Unveils Agenda

Pakistan Tax Refunds have emerged as a central issue in the government’s latest efforts to strengthen business confidence and accelerate economic growth. Prime Minister Shehbaz Sharif has assured Pakistan’s business leaders that all outstanding tax refund claims will be settled by June 15, signaling a major move aimed at easing liquidity pressures on exporters and industrialists. The announcement came during a high-level meeting between the prime minister and representatives of chambers of commerce and industry from across the country. The discussions focused on proposals for the upcoming federal budget, export promotion, industrial development, and measures to improve the overall business climate. Pakistan Tax Refunds Become a Key Test of Government Credibility For years, delayed tax refunds have been a major complaint of Pakistan’s business sector. Exporters and manufacturers have repeatedly argued that blocked refunds reduce cash flow, increase operational costs, and discourage investment. Recognizing these concerns, Prime Minister Shehbaz Sharif directed the Federal Board of Revenue to clear all pending refund cases by June 15. The directive is being viewed as a crucial step toward rebuilding trust between the government and the private sector. Business leaders believe timely refunds could inject billions of rupees back into the economy and help industries expand production capacity at a time when Pakistan is seeking stronger economic growth. Government Signals New Phase of Economic Expansion The prime minister stated that the government has successfully stabilized the economy and is now shifting its attention toward growth-oriented policies. According to officials, the upcoming federal budget is expected to include additional incentives designed to support industries, attract investment, and boost exports. Sharif emphasized that industrialization remains essential for Pakistan’s long-term economic prosperity. He stressed that increasing production and strengthening manufacturing capabilities are critical for creating jobs and improving export performance. Export Growth Remains the Government’s Top Priority Exports continue to be a cornerstone of Pakistan’s economic strategy. During the meeting, the prime minister highlighted the need for stronger cooperation between the public and private sectors to expand the country’s export base. He also welcomed commercial banks’ decision to continue financing under the Export Finance Scheme at a rate of 4.5 percent until June 2027 despite recent changes in monetary policy. The move is expected to provide exporters with affordable financing and help maintain Pakistan’s competitiveness in international markets. Karachi Strengthened as Pakistan’s Business Capital In another significant decision, the prime minister ordered the relocation of the headquarters of Pakistan Revenue Automation Limited to Karachi. The decision acknowledges Karachi’s status as Pakistan’s commercial and financial hub. Business leaders have long argued that major economic institutions should be closer to the country’s largest business community to improve coordination and operational efficiency. SMEs and Electric Vehicle Manufacturing Gain Government Attention The government also reaffirmed its commitment to supporting small and medium-sized enterprises, commonly known as SMEs. Sharif said SME reforms and incentives will remain a priority because the sector plays a critical role in employment generation and economic diversification. At the same time, he encouraged local investors to pursue partnerships and joint ventures focused on electric vehicle manufacturing. The push reflects Pakistan’s growing interest in developing a domestic EV industry while reducing reliance on imported fuel and technology. Business Community Backs Reform Agenda Representatives from chambers of commerce expressed confidence in the government’s economic direction and pledged continued cooperation in promoting investment and job creation. Business leaders also praised several recent initiatives, including reforms in the Export Development Fund Board, the privatization of Pakistan International Airlines, the digital transformation of the FBR, and the rollout of electronic invoicing systems. They further committed to supporting efforts aimed at documenting the economy through digitization and regulatory improvements. A Defining Moment for Pakistan’s Economic Future The commitment to clear Pakistan Tax Refunds by June 15 may become one of the most closely watched economic promises of the year. Combined with export incentives, SME reforms, industrial support measures, and digital transformation initiatives, the government’s latest announcements indicate a determined effort to shift from economic stabilization toward sustainable growth. As businesses await the federal budget, the success of these commitments could play a decisive role in shaping investor confidence, boosting industrial activity, and accelerating Pakistan’s economic recovery in the months ahead.

SECP Company Registrations Hit Record High as 415 Companies Incorporated in a Single Day
Pakistan

SECP Company Registrations Hit Record High as 415 Companies Incorporated in a Single Day

Pakistan’s corporate sector has delivered a remarkable surprise. SECP Company Registrations reached an unprecedented milestone in May 2026, with the Securities and Exchange Commission of Pakistan (SECP) registering 3,161 new companies despite fewer working days due to Eid-ul-Adha holidays. The most eye-catching achievement was the incorporation of 415 companies in a single day, the highest number ever recorded in the history of the regulator. The record-breaking figure highlights a growing shift toward formal business structures and signals increasing confidence among entrepreneurs, investors, and business owners across the country. SECP Company Registrations Reach Historic Peak The latest figures reveal that Pakistan’s corporate landscape continues to expand at an impressive pace. The registration of 3,161 companies during May pushed the total number of registered companies in the country to 297,239. What makes this achievement particularly noteworthy is that it occurred during a month with reduced business activity because of public holidays. Yet entrepreneurs continued to establish new ventures, demonstrating resilience and confidence in Pakistan’s economic prospects. The digital transformation of the registration process also played a key role. Nearly all company registrations were completed online, reflecting the effectiveness of SECP’s modernization efforts and its push to simplify business formation procedures. Why the Record 415 New Companies in One Day Matters The incorporation of 415 companies in a single day is more than just a statistical milestone. It represents a significant shift in how businesses are choosing to operate. Experts view this development as evidence that more entrepreneurs are moving away from informal business structures and entering the documented economy. This trend improves transparency, enhances access to financing, and strengthens investor confidence. The record also reflects improvements in Pakistan’s ease of doing business environment, where digital services and streamlined regulatory procedures are encouraging business owners to formalize their operations. Punjab Leads the SECP Company Registrations Surge Punjab remained the country’s leading business destination, accounting for more than half of all new company registrations. Out of the 3,161 newly registered companies, Punjab contributed 1,643 registrations, representing 52 percent of the total. Islamabad followed with 596 registrations, while Sindh accounted for 479 new companies. Khyber Pakhtunkhwa added 260 companies, Gilgit-Baltistan contributed 112, and Balochistan registered 71 new businesses. These figures demonstrate that corporate growth is spreading across Pakistan, although major urban and commercial centers continue to dominate business formation activity. Small Entrepreneurs Drive Corporate Expansion One of the most significant trends emerging from the latest data is the rapid growth of individual entrepreneurship. Private limited companies remained the preferred business structure, accounting for 1,884 registrations or 60 percent of the total. However, single-member companies represented a substantial 38 percent share with 1,212 registrations. This strong performance indicates that individual entrepreneurs and small business owners are increasingly choosing formal corporate structures to expand operations, improve credibility, and gain access to new business opportunities. The remaining registrations consisted of limited liability partnerships and other corporate categories. Technology and E-Commerce Fuel Business Growth The information technology and e-commerce sector once again emerged as the strongest driver of corporate expansion. A total of 598 new companies were registered in the technology and e-commerce segment, making it the leading sector for new incorporations. This trend reflects Pakistan’s growing digital economy and increasing demand for technology-based solutions. Trading businesses followed with 503 registrations, while the services sector recorded 404 new companies. Real estate development and construction also maintained strong momentum with 303 registrations. Meanwhile, tourism and transport contributed 206 new companies, highlighting growth across multiple industries rather than dependence on a single sector. Foreign Investors Show Growing Confidence in Pakistan Another encouraging sign for the economy is the continued participation of foreign investors in Pakistan’s corporate sector. During May 2026, investors from 17 countries became shareholders in 80 local companies. China emerged as the most active foreign participant, accounting for 89 shareholders. Other countries represented included Afghanistan, the United States, Belgium, Russia, and South Korea. Foreign investors injected a total paid-up capital of PKR 139.4 million into Pakistani companies. Chinese investors accounted for the overwhelming majority of this investment, contributing PKR 132.3 million. The continued inflow of foreign capital suggests that international investors remain interested in Pakistan’s long-term business potential despite ongoing economic challenges. What the Latest SECP Company Registrations Mean for Pakistan The latest SECP Company Registrations figures present a positive picture of Pakistan’s evolving business environment. Record incorporations, growing entrepreneurial activity, strong technology sector performance, and sustained foreign investment all point toward increasing formalization of the economy. If this momentum continues, Pakistan’s corporate sector could play a crucial role in driving investment, job creation, and economic growth in the years ahead. The historic record of 415 companies incorporated in a single day may ultimately be remembered as a symbol of a broader transformation taking place within the country’s business landscape.

Pakistan Budget 2026-27 Delay Expected as Key Economic Meeting Gets Postponed
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Pakistan Budget 2026-27 Delay Expected as Key Economic Meeting Gets Postponed

The Pakistan Budget 2026-27 is facing uncertainty after reports emerged that the crucial meeting of the National Economic Council (NEC) has been postponed. The development has triggered widespread speculation that the federal government may miss its previously expected budget presentation date of June 5. The postponement comes at a critical time when businesses, investors, taxpayers, and financial markets are closely watching the government’s fiscal plans for the upcoming year. With Pakistan continuing to navigate economic challenges, any delay in the budget process is likely to attract significant public attention. Pakistan Budget 2026-27 May Not Be Presented on June 5 According to reports, the NEC meeting, which was scheduled to be chaired by Prime Minister Shehbaz Sharif, will no longer take place as planned. The council plays a central role in reviewing and approving key economic targets, development spending priorities, and growth projections before the federal budget is formally presented. As a result, government officials are now reportedly considering alternative dates for the budget announcement. Sources indicate that the Pakistan Budget 2026-27 could now be presented on either June 8 or June 12, depending on the completion of consultations, approvals, and final policy discussions. Why the NEC Meeting Matters for Pakistan Budget 2026-27 The National Economic Council serves as one of Pakistan’s highest economic planning forums. Before the federal budget is unveiled, the council reviews important economic indicators and approves development priorities that shape government spending decisions. Without NEC approval, the budget preparation process remains incomplete. This is why the postponement has immediately raised questions about the government’s ability to maintain its original budget timeline. Economic analysts believe the delay may be linked to ongoing discussions regarding revenue targets, development expenditures, fiscal deficit management, and broader economic reforms. Growing Curiosity Among Businesses and Investors The uncertainty surrounding the Pakistan Budget 2026-27 has intensified interest across multiple sectors of the economy. Businesses are waiting to see whether the government will introduce new tax measures, incentives for industry, import policies, or relief packages aimed at stimulating economic activity. Investors are also monitoring developments closely for signals regarding fiscal discipline and economic growth strategies. Many market participants believe the budget will reveal how the government plans to balance economic growth with commitments to financial stability and international lenders. Budget Delay Sparks Political and Economic Speculation The postponement has also fueled political and economic speculation. While officials have not publicly linked the delay to any specific issue, observers suggest that additional consultations may be taking place to finalize major policy decisions. Budget announcements often serve as a roadmap for a country’s economic direction. Any delay naturally raises questions about ongoing negotiations, fiscal priorities, and government planning. At a time when inflation, economic recovery, and investment attraction remain key concerns, every development surrounding the Pakistan Budget 2026-27 is being closely scrutinized. What Happens Next? For now, all eyes remain on the federal government and the rescheduling of the National Economic Council meeting. Once the council completes its review process, the government is expected to finalize the budget document and announce a revised presentation date. Whether the budget is unveiled on June 8 or June 12, stakeholders across Pakistan will be looking for measures that support economic growth, improve investor confidence, and address the country’s fiscal challenges. The coming days are expected to be decisive as policymakers work to finalize what could become one of the most closely watched budgets in recent years.

Toyota, NED University and Sindh Traffic Police Join Forces to Advance Road Safety and Urban Mobility in Karachi
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Toyota, NED University and Sindh Traffic Police Join Forces to Advance Road Safety and Urban Mobility in Karachi

Karachi, June 2, 2026: Indus Motor Company and NED University have signed an agreement to establish an Urban Mobility Implementation Unit (UMIU) at the university with a focus on identifying and treating high-risk accident locations, improving traffic flow and corridor performance, enhancing safety for vulnerable road users, strengthening stakeholder coordination, and developing an Artificial Intelligence-based Accident & Incident Management System (AIMS). The project is supported by Toyota’s flagship road safety initiative (TRIP) and the unit is to be established as a dedicated platform to translate research into practical, city-wide solutions through the university’s Centre of Environment and Social Sustainability (CESS) and Department of Urban and Infrastructure Engineering. As part of the agreement, IMC will provide funding of 20.7 million rupees to NEDUET over three years to support implementation activities, technical studies, stakeholder engagement, and capacity-building programs. Speaking at the signing ceremony, Ali Asghar Jamali, Chief Executive Officer, IMC, said: ” Road safety remains one of Karachi’s most pressing urban challenges and requires collective action from all stakeholders. Through the Toyota Road Improvement Program, we have worked alongside academia and law enforcement agencies for over a decade to promote safer roads and responsible road-user behavior. “This collaboration with NED University represents the next phase of that journey, enabling us to move beyond research and accelerate the implementation of data-driven solutions that can make a meaningful difference in the lives of Karachiites.” Syed Pir Muhammad Shah, DIG Traffic, Sindh Police, welcomed the initiative and emphasized the importance of collaboration in addressing road safety challenges. He said “Effective road safety management requires evidence-based interventions and strong partnerships among enforcement agencies, academia, and the private sector. This initiative will help strengthen efforts to improve traffic management, enhance road-user safety, and reduce traffic-related injuries across Karachi.” Representing NED University, Prof. Dr. Noman Ahmed, Pro. Vice Chancellor NEDUET, said: “This partnership reflects NED University’s commitment to applying innovation and engineering excellence to improve public safety and support sustainable urban development.” Representing Motorways Police, Javed Akbar Riaz, DIG Zonal Commander NHMP (South), said that “The National Highways & Motorway Police remains committed to supporting efforts that enhance road-user awareness, strengthen safety practices, and contribute to reducing traffic accidents through innovation, research, and effective coordination.”

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