Business

Karachi, May 4: DIB Pakistan (DIB) has entered into a strategic alliance with Beyond Green Solar Solutions to offer innovative, Shariah-compliant solar financing models/solutions to customers across Pakistan. Read More: https://theboardroompk.com/pakistan-to-hand-over-22-iranian-crew-members-in-diplomatic-move/ The partnership was formalized through a signing ceremony held at DIB’s Head Office in Karachi. This collaboration marks a significant step toward enabling broader access to clean and sustainable energy solutions, while reinforcing DIB’s commitment to responsible financing and environmental stewardship. Commenting on the developing need for green finance, Syed Umar Rahman Shah, Head, Retail Asset Products, Autos, Fleet & Institutional Sales, DIB Pakistan stated, “Our partnership with Beyond Green Solar Solutions reflects our continued commitment to delivering innovative, ethical financial solutions that meet the evolving needs of sustainable practices for our customers.” Through this alliance, customers will benefit from accessible financing options for solar energy systems, helping reduce dependence on conventional energy sources, and better manage rising electricity costs. The solution combines DIB’s strong financial expertise and nationwide presence, with Beyond Green Solar Solutions’s technical capabilities, in solar energy options. It is designed to serve a wide range of customer segments, offering flexibility, affordability, and a seamless processing experience.

Karachi, May 4, 2026: Gas & Oil Pakistan Limited (GO) has announced the highest-ever sales achieved within a 24-hour period across its Company Owned, Company Operated (COCO) stations, marking a significant operational milestone for the company. Read More: https://theboardroompk.com/pakistan-reit-growth-strategy-government-push-to-transform-real-estate-investment-trusts/ This achievement underscores the continued trust of GO’s customers and reflects the commitment and coordinated efforts of its teams across the network to ensure consistent service delivery.Commenting on the development, a GO spokesperson said:“This milestone reflects the confidence our customers place in us and the dedication of our teams on the ground. We remain committed to serving our customers with the same consistency and focus, while ensuring reliability and adherence to the highest operational standards.” GO will continue to prioritize customer service, operational efficiency, and stakeholder engagement as it strengthens its position in the market. GO remains fully compliant with all applicable regulatory guidelines and continues to engage with stakeholders in a transparent and responsible manner. The company is committed to maintaining uninterrupted supply and upholding high standards of operational integrity.

29 April 2026. DHA City Karachi: DHA City Karachi and Meezan Bank has formally entered into a strategic collaboration through a signing ceremony aimed at strengthening the provision of Shariah-compliant housing finance solutions. This collaboration is a significant step in line with government’s aim to encourage masses in building their own homes and advancing the mission of Meezan Bank’s to facilitate home ownership in a manner that aligns with the principles of Islamic finance. Through this partnership, Meezan Bank will offer its flagship Islamic housing finance product, enabling customers to acquire residential properties in DHA City Karachi under fully Shariah-compliant structures. The signing ceremony was attended by Administrator DHA City Karachi Kashif Naeem and Chief Operating Officer Meezan Bank Zia Ul Hassan and other senior officials.While expressing his views Mr Zia Ul Hassan said that the collaboration between DHA City Karachi and Meezan Bank will further enhance the outreach and provide customers access to DHA’s world class quality living standards through responsible and halal financing avenues.Let us continue to strive towards enabling home ownership while upholding the values that define us as Pakistan’s leading Islamic bank.

Karachi, Pakistan – Dubai Islamic Bank Pakistan Limited (DIBPL) is pleased to announce the successful closure of USD 76M financing in relation to the acquisition of a majority stake of 84.06% in Attock Cement Pakistan Limited by a consortium comprising Fauji Cement Company Limited and Kot Addu Power Company Limited. Read More: https://theboardroompk.com/wafi-energy-reports-148-surge-in-profit-after-tax-to-pkr-2-16-billion-in-q1-2026/ The transaction represents a significant development in Pakistan’s mergers and acquisitions landscape. DIB acted as Largest Financier, Lead Advisor, and Shariah Advisor, playing a central role in structuring and arranging the financing, as well as delivering an innovative Shariah-compliant solution with Mohsin Tayebaly & Co as transaction legal counsel. “We are pleased to have supported this strategic acquisition through a comprehensive financing and advisory solution,” said Muhammad Ali Gulfaraz, President, DIBPL. “This transaction reflects our continued focus on enabling complex, high-impact transactions and delivering value to our clients.” “This milestone underscores the strength of DIB’s global platform – combining financing, advisory, and Shariah structuring capabilities,” said Khadija Wajahat, Head of Investment Banking, DIBPL. “We remain committed to supporting strategic transactions that contribute to sustainable economic growth.” By leveraging its capabilities as a leading international bank in Pakistan, Dubai Islamic Bank is unlocking unique solutions for the largest conglomerates in Pakistan. We also take this opportunity to celebrate our strong partnership with the management teams of the acquirors and their sponsors that enabled seamless coordination in executing a transaction of this complexity and scale. This landmark transaction marks the transition of a strategic industrial asset from foreign to local ownership, supporting long-term value creation and contributing positively to the domestic economy.

Karachi: Several key sectors posted exceptional earnings growth in the first nine months of FY26, helping lift overall KSE-100 profitability by 8.8% year-on-year to Rs1.243 trillion, revealed Arif Habib Limited’s latest corporate results analysis. While the overall index earnings grew at a steady pace, certain sectors delivered outstanding performances. The Refinery sector recorded a massive 355% YoY surge in net profit to Rs34 billion, driven by higher volumes and significantly improved HSD crack spreads. Textile Composite companies witnessed a remarkable 146% jump in profitability to Rs12 billion, benefiting from lower raw material costs, reduced finance charges, and better other income. Oil & Gas Marketing Companies (OGMCs) also posted strong results with a 58% increase in earnings to Rs63.1 billion, aided by inventory gains and higher average prices. The Cement sector (excluding Lucky Cement) reported a 7% rise in bottom-line to Rs65 billion, supported by a 14% decline in coal prices and 10% growth in dispatches. The Auto sector (excluding Atlas Honda and Honda Cars) also recovered nicely, posting 25% YoY growth to Rs48 billion on the back of improved sales volumes and new model launches. On the flip side, the E&P sector continued to face pressure, with earnings declining 9% YoY to Rs226 billion due to lower oil prices and production cuts. Fertilizer earnings dipped 3% YoY to Rs109 billion. The report noted that the banking sector, which contributes the largest share, grew modestly by 3% YoY to Rs483 billion. Arif Habib Limited concluded that declining interest rates and cost-side improvements have started supporting corporate profitability, though challenges remain in a few commodity-linked sectors.

Karachi, April 30: The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, playing a key role in structuring and executing the issuance. The bank’s involvement reflects its continued leadership in Pakistan’s Islamic capital markets and its support for sovereign fundraising initiatives. The auction, conducted through the Pakistan Stock Exchange (PSX) on behalf of the Ministry of Finance (MoF), attracted robust participation, with total bids reaching Rs354.395 billion (face value), translating into a realized value of Rs344.716 billion. According to auction results, the cut-off yield for the one-year fixed-rate (discounted) Sukuk was set at 12.00 percent, up by 20 basis points compared to the previous level. For the longer tenor, the 10-year Variable Rental Rate (VRR) Sukuk was priced at 11.7568 percent, offering a spread of 38.83 basis points over the reference rate of 11.3685 percent. Market participants attributed the strong response to improving liquidity conditions and sustained appetite among institutional investors for Islamic investment avenues, particularly sovereign Sukuk offering diversified return structures. The Hybrid Sukuk, which combines fixed and floating rate features, is designed to broaden the government’s Shariah-compliant borrowing base while providing flexibility to investors with varying risk-return preferences. The latest auction reinforces the government’s strategy to deepen the domestic Sukuk market and mobilize funding through innovative Islamic financial instruments.