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Sazgar Engineering Produces 4,815 Vehicles, Sales Fall to 3,225 Units in July
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Sazgar Engineering Produces 4,815 Vehicles, Sales Fall to 3,225 Units in July

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Four-Wheeler Production and Sales Decline Sazgar Engineering Works Limited (PSX: SAZEW) produced a combined 4,815 vehicles during July 2026, while sales stood at 3,225 units, according to data submitted to the Pakistan Stock Exchange (PSX). The company’s production included four-wheelers as well as three-wheelers. However, sales remained significantly below production during the month, indicating that inventory levels may have increased. The latest Sazgar Engineering July sales figures show a sharp decline in four-wheeler sales compared with the previous month, while three-wheeler production increased despite a month-on-month decline in sales. According to the company’s disclosure, Sazgar Engineering manufactured 1,778 four-wheelers, including off-road and passenger vehicles, in July. The company sold only 663 four-wheelers during the month. On the three-wheeler side, production reached 3,037 units, while sales stood at 2,562 units. Three-Wheeler Production Increases Sazgar Engineering’s four-wheeler segment recorded a significant decline in both production and sales compared with June 2026. Four-wheeler production fell 25.1% month-on-month, while sales plunged by 75.6%. The company produced 1,778 four-wheelers in July, compared with a substantially higher production level in June. The gap between production and sales was also considerable during the month. With 1,778 units produced and only 663 sold, production exceeded sales by 1,115 vehicles. This could indicate that vehicles remained in inventory rather than being sold during the month, although the company did not provide a specific explanation for the sales decline in the disclosed data. The sharp fall in Sazgar Engineering July sales comes amid changing demand conditions in Pakistan’s automobile market. Combined Production Reaches 4,815 Units The company’s three-wheeler business performed differently during July. Sazgar Engineering produced 3,037 three-wheelers during the month, representing a 22.1% increase compared with June. However, sales declined 21.6% month-on-month to 2,562 units. As production exceeded sales by 475 units, the three-wheeler segment also recorded an addition to inventory during the month. The higher production indicates that the company maintained or increased manufacturing activity despite weaker monthly sales. Three-wheelers remain an important segment of Pakistan’s transport market, particularly for commercial and passenger transportation. Vehicle Category | July 2026 Production | July 2026 SalesFour-wheelers | 1,778 | 663Three-wheelers | 3,037 | 2,562Total | 4,815 | 3,225 The figures show that overall production exceeded sales by 1,590 units during the month. This difference suggests that the company’s finished-vehicle inventory increased during July, assuming the production and sales figures are directly comparable. Four-Wheeler Sales See Sharpest Decline The most notable change in the company’s July performance was the steep decline in four-wheeler sales. Compared with June, four-wheeler sales dropped 75.6%, significantly outpacing the 25.1% decline in production. The result indicates that demand or deliveries in the four-wheeler segment were considerably weaker during July. In contrast, three-wheeler production increased by more than one-fifth, although sales fell by 21.6%. Investors will likely monitor upcoming monthly disclosures to determine whether the July decline represents a temporary slowdown or signals a broader change in market demand. Sazgar Engineering Data Submitted to PSX Sazgar Engineering Works Limited disclosed the production and sales figures through a notification submitted to the Pakistan Stock Exchange. The company is a major player in Pakistan’s automotive industry, with operations covering both three-wheelers and four-wheelers. The July figures provide investors with an early indication of the company’s operating performance during the new financial year. The sharp decline in Sazgar Engineering July sales, particularly in the four-wheeler segment, will remain an important factor for investors assessing the company’s near-term performance, while the higher three-wheeler production and overall inventory build-up will also warrant close monitoring in the coming months.

PREDA Hosts Landmark Inaugural PREDAXIS Conference to Advance Pakistan's PR, Digital, Event Management and Activations Industries
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PREDA Hosts Landmark Inaugural PREDAXIS Conference to Advance Pakistan’s PR, Digital, Event Management and Activations Industries

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PREDA Launches PREDAXIS Conference Pakistan Public Relations, Event Management, Digital and Activations Association (PREDA) successfully hosted its inaugural PREDAXIS: Minus the Gatekeep conference in Karachi on August 7, 2026. Held at the Mövenpick Hotel Karachi, the event brought together leading business executives, marketers, agency professionals, digital specialists, event managers, creators, academics and media practitioners to discuss the future of Pakistan’s public relations, digital, event management and activations industries. The conference focused on open dialogue, knowledge-sharing and stronger collaboration across sectors, while examining how artificial intelligence, the creator economy and changing consumer behaviour are reshaping communications and business. Sharmeen Obaid-Chinoy Opens Landmark Industry Conference The conference opened with a keynote address by Academy Award-winning filmmaker Sharmeen Obaid-Chinoy, who spoke about connection, influence and purpose-driven collaboration based on trust. Her address highlighted the importance of individuals challenging established ideas and imagining alternative possibilities, while emphasizing the role of ordinary people in shaping social and cultural change. PREDA’s executive committee, comprising Selina Rashid, Frieha Altaf, Shanaz Ramzi, Fareshteh Aslam, Sarfraz Niazi and Hasan Rizvi, said PREDAXIS was created to bring together the industries influencing culture, commerce, public trust and communications. The association said the conference represented the beginning of a broader effort to strengthen professional standards, collaboration and innovation across Pakistan’s communications ecosystem. AI and Creativity Take Center Stage The afternoon keynote was delivered by Imtisal Abbasi, Managing Partner at IAL Saatchi & Saatchi, who discussed the changing role of leadership and creativity in the communications industry. He highlighted three key ideas surrounding the impact of technology and artificial intelligence: The observations reflected a central theme of the conference: while AI is transforming how businesses create, communicate and operate, human judgment and the ability to distinguish meaningful ideas from automated output will become increasingly important. Seven Panels Explore the Future of Communications Delegates participated in seven panel discussions covering major developments affecting Pakistan’s communications and marketing industries. The sessions included: The discussions examined agency-client relationships, artificial intelligence, reputation management, influencer marketing, immersive experiences, human-centred leadership and cross-industry collaboration. Agency-Client Trust Emerges as a Major Issue During The Agency Client Nexus, speakers discussed the need for stronger relationships between brands and agencies based on trust, transparency and shared business objectives. Aly Mutsansir, Brand Consultant and Trainer at AlyM Brand Consulting, highlighted the importance of developing more effective partnerships while addressing challenges faced by agencies. Frieha Altaf, CEO of Catwalk, pointed to difficulties agencies can encounter during pitch processes, including changing briefs and concerns about ideas being replicated after presentations. Sarah Sadiq, Director Marketing at FrieslandCampina, stressed that trust throughout the communications ecosystem needs to be built through greater transparency. AI Reshapes Reputation and Influence The Reputation Economy panel explored how artificial intelligence is changing visibility, credibility and stakeholder trust. Hasan Rizvi, CEO of BBPR, raised questions about how reputation should be evaluated in an increasingly AI-driven environment. Fareshteh Aslam, CEO of Talking Point, emphasized the importance of incorporating individual values into the way AI tools are used. The discussion reflected the growing challenge for brands and organizations: as AI-generated content becomes easier to produce, credibility, authenticity and trust could become increasingly valuable. Creator Economy Gains Industry Attention The Influencers, Creators & The New Attention Economy session examined the changing relationship between brands, creators and audiences. Panelists discussed how authentic storytelling and changing audience behaviour are influencing creator-brand partnerships. Rizwan Ahmed, Founder and Chief Storyteller at Viral Edge, also called for greater government recognition and transparency for Pakistan’s expanding creator economy. The discussion highlighted the growing commercial importance of digital creators and the need for stronger structures around an industry that continues to evolve rapidly. Events Industry Moves Toward Experience Economy The Events: The Experience Economy panel focused on the growing importance of immersive experiences in creating audience engagement and stronger brand connections. Participants also discussed the increasing role of AI in event planning and creative development. Amina Rashid Khan, Partner at RAKA Events, noted that AI can help generate new ideas aimed at keeping audiences engaged. The discussion demonstrated how event management is moving beyond conventional gatherings toward experience-driven strategies that combine technology, creativity and audience participation. Human Skills Remain Critical in the AI Era The Business of Being Human panel focused on empathy, authenticity and human-centred leadership at a time when technology is rapidly transforming professional environments. Selina Rashid, CEO of Lotus PR & The Lotus Advisory, moderated the discussion and highlighted the continuing importance of human qualities in PR, digital communications, event planning and leadership. Qamar Abbas, Executive Director of the Pakistan Advertisers Society, emphasized that human emotions remain a major source of strength that technology cannot replicate. The panel also considered the risk that increasing automation could weaken human interaction if organizations fail to maintain empathy and authentic engagement. Pitching Requires Stronger Understanding Between Brands and Agencies The Pitch Room session examined the changing expectations surrounding agency pitches. Saira Awan, President of the TCS Group of Companies, stressed that agencies need to understand their clients’ broader business priorities rather than viewing a pitch in isolation. Madiha Saeed, GM Foods Pakistan & Bangladesh at Unilever, emphasized the importance of a clear brief before the pitch process begins, while noting that effective briefs are often best communicated through direct interaction. Syed Usman Qaiser, CMO of J., highlighted that brands should view agencies as partners and remain mindful of the costs agencies incur while developing proposals. The discussion reinforced the need for clearer communication, shared accountability and stronger partnerships between clients and agencies. Pakistan’s Future Depends on Collaboration and Ecosystems Looking toward the future, speakers emphasized the importance of collaboration between businesses, startups, government institutions and other stakeholders. Dr. Adil Haider, Founder and CEO of Boston Health AI and Chief AI Officer at CIMED, argued that competition could increasingly shift from individual companies toward entire ecosystems. He also warned that the rapid expansion of AI could lead to significant job displacement. Jehan Ara, Founder and CEO of Katalyst Labs, highlighted funding and international expansion challenges facing Pakistani startups. She also stressed the quality

Pakistan Mobile SIM Base Hits 210 Million as Ufone and Telenor Merger Set to Reshape Telecom Market
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Pakistan Mobile SIM Base Hits 210 Million as Ufone and Telenor Merger Set to Reshape Telecom Market

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Pakistan’s active mobile SIM base has reached 210 million, highlighting the enormous scale of the country’s telecom market even as operators continue to struggle with network reliability, restructuring pressures and slow adoption of newer technologies. The latest development came during a meeting of the Senate Standing Committee on Cabinet Secretariat, where the Pakistan Telecommunication Authority Chairman briefed lawmakers on telecom competition rules, Ufone’s operational problems and the proposed merger between Ufone and Telenor. The merger could become one of the most significant developments in Pakistan’s telecom industry in recent years, as it is expected to create a new telecom company and potentially alter the competitive balance among the country’s major mobile operators. Ufone and Telenor Merger Could Reshape Pakistan Telecom Market The PTA chairman confirmed that the planned Ufone and Telenor merger will result in the creation of a new telecom company. The development comes as Pakistan’s mobile market has expanded to an active SIM base of around 210 million. For consumers, however, the bigger question is whether consolidation will improve service quality or reduce competition. A merger of two major operators could create opportunities for greater investment in infrastructure, network expansion and spectrum utilization. It could also allow the combined company to reduce duplication and improve operational efficiency. But there is a significant concern that a smaller number of major operators could weaken competitive pressure in the market. If competition declines, consumers could ultimately face fewer choices, slower innovation or less pressure on companies to improve service quality. Regulators will therefore need to scrutinize the transaction carefully rather than treating consolidation simply as a corporate restructuring exercise. Ufone Network Outages Raise Questions About Service Quality The Senate committee also questioned the PTA chairman about recurring service disruptions on Ufone’s network. The PTA chief acknowledged operational challenges at Ufone and said the problems were expected to be resolved in the coming days. He also informed lawmakers that PTCL and Ufone are being separated as part of an ongoing restructuring process. The repeated network disruptions are particularly concerning given Ufone’s position in a market serving millions of customers. Pakistan’s telecom sector has made major progress in expanding connectivity, but network reliability remains a critical issue. Consumers increasingly depend on mobile networks not only for voice calls but also for banking, digital payments, online businesses, education, remote work and government services. This means that prolonged or repeated outages are no longer merely an inconvenience. They can directly affect economic activity. The regulator should therefore demand greater transparency from operators regarding major outages, including their causes, duration and corrective measures. Pakistan SIM Issuance Could Move Online Through Pak ID The PTA is also working with the National Database and Registration Authority to introduce SIM issuance through the Pak ID digital platform. If implemented successfully, the initiative could significantly change how consumers obtain mobile connections in Pakistan. Citizens would potentially be able to complete the SIM issuance process remotely instead of visiting customer service centers. This could reduce administrative costs, save consumer time and make telecom services more accessible. However, the digital process will need strong safeguards against identity theft, unauthorized SIM issuance and fraud. Convenience cannot come at the expense of security. eSIM Adoption Becomes Another Telecom Test Senator Saleem Mandviwalla also urged the authorities to accelerate eSIM adoption in Pakistan, pointing out that many international markets have already moved toward the technology. The criticism is relevant because eSIM technology can make it easier for consumers to switch networks, activate connections and use multiple mobile services without requiring a physical SIM card. Pakistan’s slow transition toward eSIMs reflects a broader challenge facing the telecom industry: infrastructure and technology adoption are progressing, but not always at the pace demanded by consumers and businesses. The combination of the Ufone and Telenor merger, Ufone’s network problems, digital SIM issuance and eSIM adoption suggests that Pakistan’s telecom sector is entering a major transition phase. The real test will not simply be whether companies merge or new digital services are launched. It will be whether these changes deliver faster networks, stronger competition, better consumer protection and more reliable services for Pakistan’s 210 million active SIM connections.

Pakistan, Belarus Seek Payment Mechanism to Expand Bilateral Trade
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Pakistan, Belarus Seek Payment Mechanism to Expand Bilateral Trade

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Pakistan, Belarus Seek Payment Mechanism to Expand Bilateral Trade Pakistan and Belarus have agreed to explore secure payment mechanisms, including local-currency settlements, to facilitate bilateral trade and strengthen economic cooperation between the two countries. The agreement was reached during a meeting between Federal Minister for Commerce Jam Kamal Khan and Belarusian Ambassador to Pakistan Andrei Metelitsa, as both sides reviewed measures to improve trade and investment ties. The two countries agreed that financial institutions and technical experts should continue consultations on mutually acceptable payment arrangements. The initiative is aimed at making cross-border transactions easier for businesses and allowing them to better utilise the existing trade potential. Jam Kamal highlighted opportunities for greater cooperation in agriculture, fertilisers, engineering goods, tractors, heavy machinery, energy products and food commodities. He also welcomed the revival of collaboration with Belarus in engineering and agricultural machinery. The meeting also reviewed labour cooperation. The Belarusian envoy said the number of Pakistani workers employed in Belarus had increased considerably, while demand for skilled workers remained strong. Both sides agreed to improve recruitment procedures, skills matching and institutional coordination to expand employment opportunities. The discussions also covered preparations for the upcoming Pakistan-Belarus Joint Ministerial Commission, which is expected to focus on resolving trade-related issues and identifying new areas of economic partnership.

MCB Bank Delivers Rs26.5bn Half-Year Profit, Declares 90% Interim Cash Dividend MCB Bank Limited (PSX: MCB) reported a resilient financial performance for the first half of 2026, posting a profit after tax of Rs26.5 billion while announcing a second interim cash dividend of 90%, reflecting the bank's strong capital position and consistent shareholder returns. The financial results, approved by the Board of Directors under the chairmanship of Mian Mohammad Mansha, cover the six-month period ended June 30, 2026. The bank declared a second interim cash dividend of Rs9 per share (90%), taking the cumulative cash dividend for 2026 to Rs18 per share (180%). Earnings per share (EPS) stood at Rs22.34, while consolidated profit before tax reached Rs58.8 billion and consolidated profit after tax amounted to Rs28.1 billion. MCB Bank Reports Higher Income Despite Challenging Environment MCB Bank generated total income of Rs93.9 billion during the first half of 2026, marking a 6% increase compared with the corresponding period last year. Net markup income increased to Rs75.3 billion from Rs71.3 billion in the same period of 2025, supported by growth in low-cost deposits and effective yield optimisation despite a lower average policy rate. Non-markup income also recorded healthy growth, rising 7% year-on-year to Rs18.7 billion. Fee and commission income increased by 21% to Rs11.9 billion, driven by stronger digital banking activity and higher transaction volumes. Within fee income: * Card-related income increased by 13%. * Branch banking fee income rose by 5%. * Consumer banking fee income surged 27%. Foreign exchange income contributed Rs4.1 billion, while dividend income added Rs2.1 billion during the reporting period. Operating Expenses Rise as Bank Invests in Growth Operating expenses increased by 9% year-on-year as MCB continued investing in technology, human capital and brand development. Despite higher costs, the bank maintained a cost-to-income ratio of 39.20%, reflecting continued operational efficiency and disciplined expense management. Balance Sheet Continues to Expand MCB Bank's total assets increased to Rs3.43 trillion compared with Rs3.247 trillion at the end of 2025. Gross advances grew by Rs67 billion, representing a 9% increase, while the investment portfolio expanded to Rs2.067 trillion from Rs1.947 trillion. Customer deposits reached Rs2.604 trillion. The current account mix improved to 55%, compared with 54% at year-end 2025, helping reduce the domestic cost of deposits to 4.43% from 5.23% a year earlier. Asset Quality Remains Strong The bank maintained satisfactory asset quality during the period. Non-performing loans (NPLs) stood at Rs50.3 billion, while the infection ratio improved to 6.26%. The coverage ratio also strengthened to 93.13%, reflecting continued focus on recoveries and prudent credit risk management. Strong Capital and Liquidity Position MCB Bank continued to maintain capital and liquidity levels well above regulatory requirements. Key financial ratios include: * Capital Adequacy Ratio (CAR): 19.65% * Common Equity Tier-1 (CET1): 14.93% * Liquidity Coverage Ratio (LCR): 233.41% * Net Stable Funding Ratio (NSFR): 161.14% The bank reported a Return on Assets (ROA) of 1.59% and Return on Equity (ROE) of 21.49%. Digital Banking and Remittance Business Continue to Grow MCB maintained its position among Pakistan's leading banks in home remittances, processing USD2.27 billion during the first half of 2026. The bank captured a market share of 10.38% in inward remittances, supported by its nationwide branch network and expanding digital banking channels. Officials said the bank continues to support the State Bank of Pakistan's financial inclusion initiatives while contributing to the country's foreign exchange inflows. PACRA Reaffirms AAA Rating MCB Bank's long-term credit rating was reaffirmed at AAA and its short-term rating at A1+ by the Pakistan Credit Rating Agency (PACRA) on June 23, 2026. The bank currently operates more than 1,700 branches on a consolidated basis and remains among the largest and most capitalised banking institutions listed on the Pakistan Stock Exchange. Looking ahead, management said the bank remains well positioned for sustainable growth, supported by a strong capital base, ample liquidity, diversified revenue streams, disciplined risk management and continued investment in customer-focused innovation. Focus Keyword: MCB Bank profit Meta Description: MCB Bank reported a Rs26.5 billion half-year profit for 2026 and announced a 90% interim cash dividend, supported by higher income, strong capital ratios and continued growth in digital banking. Tags/Keywords: MCB Bank profit, MCB Bank, MCB financial results 2026, MCB dividend, Pakistan banking sector, PSX MCB, earnings per share, digital banking Pakistan, home remittances, PACRA AAA rating, banking stocks Pakistan, MCB half year results, capital adequacy ratio, banking news Pakistan, Pakistan Stock Exchange
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MCB Bank Delivers Rs26.5bn Half-Year Profit, Declares 90% Interim Cash Dividend

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MCB Bank Limited (PSX: MCB) reported a resilient financial performance for the first half of 2026, posting a profit after tax of Rs26.5 billion while announcing a second interim cash dividend of 90%, reflecting the bank’s strong capital position and consistent shareholder returns. The financial results, approved by the Board of Directors under the chairmanship of Mian Mohammad Mansha, cover the six-month period ended June 30, 2026. The bank declared a second interim cash dividend of Rs9 per share (90%), taking the cumulative cash dividend for 2026 to Rs18 per share (180%). Earnings per share (EPS) stood at Rs22.34, while consolidated profit before tax reached Rs58.8 billion and consolidated profit after tax amounted to Rs28.1 billion. MCB Bank Reports Higher Income Despite Challenging Environment MCB Bank generated total income of Rs93.9 billion during the first half of 2026, marking a 6% increase compared with the corresponding period last year. Net markup income increased to Rs75.3 billion from Rs71.3 billion in the same period of 2025, supported by growth in low-cost deposits and effective yield optimisation despite a lower average policy rate. Non-markup income also recorded healthy growth, rising 7% year-on-year to Rs18.7 billion. Fee and commission income increased by 21% to Rs11.9 billion, driven by stronger digital banking activity and higher transaction volumes. Within fee income: Foreign exchange income contributed Rs4.1 billion, while dividend income added Rs2.1 billion during the reporting period. Operating Expenses Rise as Bank Invests in Growth Operating expenses increased by 9% year-on-year as MCB continued investing in technology, human capital and brand development. Despite higher costs, the bank maintained a cost-to-income ratio of 39.20%, reflecting continued operational efficiency and disciplined expense management. Balance Sheet Continues to Expand MCB Bank’s total assets increased to Rs3.43 trillion compared with Rs3.247 trillion at the end of 2025. Gross advances grew by Rs67 billion, representing a 9% increase, while the investment portfolio expanded to Rs2.067 trillion from Rs1.947 trillion. Customer deposits reached Rs2.604 trillion. The current account mix improved to 55%, compared with 54% at year-end 2025, helping reduce the domestic cost of deposits to 4.43% from 5.23% a year earlier. Asset Quality Remains Strong The bank maintained satisfactory asset quality during the period. Non-performing loans (NPLs) stood at Rs50.3 billion, while the infection ratio improved to 6.26%. The coverage ratio also strengthened to 93.13%, reflecting continued focus on recoveries and prudent credit risk management. Strong Capital and Liquidity Position MCB Bank continued to maintain capital and liquidity levels well above regulatory requirements. Key financial ratios include: The bank reported a Return on Assets (ROA) of 1.59% and Return on Equity (ROE) of 21.49%. Digital Banking and Remittance Business Continue to Grow MCB maintained its position among Pakistan’s leading banks in home remittances, processing USD2.27 billion during the first half of 2026. The bank captured a market share of 10.38% in inward remittances, supported by its nationwide branch network and expanding digital banking channels. Officials said the bank continues to support the State Bank of Pakistan’s financial inclusion initiatives while contributing to the country’s foreign exchange inflows. PACRA Reaffirms AAA Rating MCB Bank’s long-term credit rating was reaffirmed at AAA and its short-term rating at A1+ by the Pakistan Credit Rating Agency (PACRA) on June 23, 2026. The bank currently operates more than 1,700 branches on a consolidated basis and remains among the largest and most capitalised banking institutions listed on the Pakistan Stock Exchange. Looking ahead, management said the bank remains well positioned for sustainable growth, supported by a strong capital base, ample liquidity, diversified revenue streams, disciplined risk management and continued investment in customer-focused innovation.

Pakistan Company Registration Record: SECP Registers 5,438 New Companies In July As IT Sector Leads Growth
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Pakistan Company Registration Record: SECP Registers 5,438 New Companies In July As IT Sector Leads Growth

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Pakistan’s corporate sector has achieved another milestone after the Securities and Exchange Commission of Pakistan (SECP) recorded its highest-ever monthly company registrations. During July, 5,438 new companies were incorporated, reflecting continued entrepreneurial activity despite persistent economic challenges, high borrowing costs, inflationary pressures, and an uncertain business environment The latest Pakistan Company Registration Record demonstrates growing confidence among entrepreneurs and investors. However, while the registration figures are encouraging, the real challenge for policymakers is ensuring that these newly established businesses survive, expand, and create sustainable employment rather than becoming dormant entities. Pakistan Company Registration Record Highlights Strong Business Activity According to SECP, the registration of 5,438 new companies represents a significant milestone for Pakistan’s corporate landscape. Among the newly registered entities: In addition, 112 newly incorporated companies include foreign directors, indicating continued international participation in Pakistan’s corporate sector. Five international companies also established offices in Pakistan during July. These businesses originated from Malaysia, the United Arab Emirates, and China, reinforcing the country’s growing attractiveness for regional investors despite ongoing macroeconomic challenges. Punjab Dominates The Pakistan Company Registration Record The geographical distribution of registrations shows Punjab maintaining its position as Pakistan’s leading business hub. More than 51 percent of all newly registered companies were incorporated in Punjab, where 2,756 companies completed registration during July. Other provinces and regions also recorded healthy activity: While Punjab’s dominance reflects its larger industrial and commercial base, the comparatively lower registrations in Balochistan and Gilgit-Baltistan highlight the continuing need for improved infrastructure, financing opportunities, and investment-friendly policies in underdeveloped regions. Pakistan Company Registration Record Driven By Information Technology The Information Technology sector emerged as the strongest contributor to the Pakistan Company Registration Record, highlighting the country’s growing digital economy. SECP data shows: The dominance of IT businesses reflects increasing confidence in Pakistan’s technology ecosystem, where startups continue to attract both domestic and overseas attention. Foreign Investment Signals Confidence But Challenges Remain The arrival of companies from China, Malaysia, and the UAE sends a positive signal regarding Pakistan’s investment potential. Foreign participation often brings technology transfer, management expertise, and employment opportunities. However, registration alone does not guarantee meaningful economic growth. Pakistan continues to face structural issues including regulatory uncertainty, inconsistent taxation policies, energy shortages, rising compliance costs, and limited access to financing for small and medium-sized enterprises. Unless these longstanding challenges are addressed, many newly incorporated companies may struggle to scale operations or survive beyond their initial years. Business experts have repeatedly argued that government institutions should focus not only on improving registration numbers but also on creating an environment where businesses can operate efficiently, attract investment, and compete internationally. Can Record Registrations Translate Into Economic Growth? The latest Pakistan Company Registration Record reflects encouraging entrepreneurial momentum and demonstrates that business formation remains resilient despite economic uncertainty. The strong performance of the technology sector is particularly significant as Pakistan seeks to expand exports and develop a knowledge-based economy. Nevertheless, policymakers should avoid treating registration statistics as the ultimate measure of economic success. The true benchmark will be whether these companies generate employment, increase tax revenues, attract foreign investment, and contribute to sustainable economic growth over the coming years. Without broader reforms aimed at improving the ease of doing business, simplifying regulations, and ensuring policy consistency, record registration figures alone may have only a limited long-term impact.

Faysal Bank Reports Rs10.35bn Half-Year Profit And Announces Interim Dividend
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Faysal Bank Reports Rs10.35bn Half-Year Profit And Announces Interim Dividend

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Faysal Bank Limited (PSX: FABL) posted a stable financial performance during the first six months of 2026, with the Faysal Bank profit standing at Rs10.35 billion despite a decline in core earnings and a reduction in credit loss reversals. According to the bank’s financial results for the half-year ended June 30, 2026, consolidated profit after taxation fell marginally by 0.7% from Rs10.42 billion in the corresponding period of last year. Alongside the earnings announcement, the bank declared an interim cash dividend of Rs1.50 per share, reflecting management’s confidence in the institution’s financial position. Basic and diluted earnings per share (EPS) came in at Rs6.82 compared with Rs6.87 recorded during the same period a year earlier. Despite pressure on net profit earned from financing activities, the bank benefited from strong growth in non-markup income, which helped offset the decline in its core business operations. Non-Markup Income Supports Overall Earnings The latest Faysal Bank profit figures show that non-markup income increased significantly during the reporting period. Total other income climbed by 41% to Rs17.22 billion, compared with Rs12.20 billion recorded in the corresponding period of 2025. The increase was largely driven by substantial gains from investments and higher income generated through foreign exchange transactions. The bank’s gain on securities increased sharply to Rs3.37 billion from Rs210.08 million a year earlier, representing an increase of more than 1,500%. Foreign exchange income also recorded impressive growth, rising by 21% to Rs4.52 billion. Dividend income increased by nearly 89% to Rs385.54 million, while fee and commission income grew by 10% to reach Rs8.92 billion. Overall, total income increased by almost 8% to Rs50.31 billion, compared with Rs46.65 billion in the corresponding period last year. Core Banking Income Declines Despite the growth in other sources of revenue, the bank’s net profit earned from financing activities declined during the first half of the year. Profit earned fell to Rs81.04 billion from Rs84 billion recorded a year earlier. At the same time, profit expenses declined to Rs47.95 billion from Rs49.55 billion. As a result, net profit earned fell by almost 4% to Rs33.09 billion. Financial analysts attribute the decline to changing market conditions and adjustments in profit rates across the banking industry. However, strong diversification of revenue streams helped the bank maintain overall profitability. Operating Expenses Continue To Rise The bank also reported higher operating costs as its business activities expanded. Total operating expenses increased by 8.6% to Rs29.64 billion, while total other expenses rose by 8.5% to Rs30.09 billion. Contributions to the Workers Welfare Fund reached Rs448.52 million during the reporting period. At the same time, the bank’s share of profits from associated companies increased by 29% to Rs161.25 million. Consequently, profit before credit loss allowances rose by more than 7% to Rs20.38 billion. Lower Credit Loss Reversals Affect Earnings The bank recorded a net reversal of credit loss allowances amounting to Rs697.55 million. Although this amount strengthened earnings, it was considerably lower than the Rs3.51 billion reversal reported during the same period last year. As a result, profit before taxation declined by 6.5% to Rs21.07 billion. Meanwhile, taxation expenses fell by almost 12% to Rs10.72 billion, helping the bank maintain its overall profitability. The lower tax burden played an important role in keeping the Faysal Bank profit largely unchanged despite pressure on pre-tax earnings. Key Financial Highlights Description 1HCY26 1HCY25 Change Profit after taxation Rs10.35bn Rs10.42bn -0.7% Earnings per share Rs6.82 Rs6.87 -0.7% Total income Rs50.31bn Rs46.65bn +7.8% Non-markup income Rs17.22bn Rs12.20bn +41.1% Foreign exchange income Rs4.52bn Rs3.73bn +21.3% Operating expenses Rs29.64bn Rs27.29bn +8.6% Market analysts believe the bank’s diversified revenue base, expanding digital operations, and strong balance sheet position will continue to support future growth despite ongoing economic challenges. Investors will now closely monitor the bank’s performance during the second half of the year as changing economic conditions continue to influence Pakistan’s banking sector.

Pakistan Develops New Potato Lines With High Dry Matter Content
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Pakistan Develops New Potato Lines With High Dry Matter Content

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Scientists at the Potato Research Institute (PRI) in Sahiwal have developed four new high dry matter potato varieties, marking a significant step toward strengthening Pakistan’s growing potato processing industry and reducing reliance on imported potato seeds. The newly developed potato lines are expected to support the production of value-added products such as French fries and potato chips while providing farmers with varieties better suited to Pakistan’s climatic conditions. According to Potato Research Institute Director Dr Rana Aftab Iqbal, the four new potato lines have a dry matter content exceeding 22 percent, making them suitable for industrial processing. The newly developed lines are L 5-2, FD 74-30, FD 35-36, and FD 74-50. High Dry Matter Potato Varieties To Support Food Processing Industry Experts say potatoes with higher dry matter content absorb less oil during processing, resulting in crispier potato chips and higher-quality French fries. Dr Aftab explained that conventional table potato varieties generally have lower dry matter content, making them less suitable for large-scale industrial processing. He noted that table potato varieties with low dry matter content cannot efficiently be processed into value-added products such as chips and French fries. Established in 2009, the Potato Research Institute has developed 12 table potato varieties. Among them, Punjab, Sadaf, and Ruby contain dry matter levels ranging between 20 percent and 22 percent. However, the newly developed varieties are expected to provide even greater benefits for Pakistan’s expanding food processing industry. Rising Demand For Processing Potatoes Pakistan’s fast-growing urban population and changing consumer preferences have increased demand for processed potato products. As the country’s fast-food industry continues to expand, the need for potato varieties specifically developed for industrial processing has also grown significantly. Higher dry matter potatoes are considered essential for producing premium-quality French fries and potato chips while improving processing efficiency. Imported Potato Seeds Continue To Dominate For many years, farmers in Punjab have preferred potato varieties that produce higher yields per acre. Although these varieties offer better production volumes, their relatively low dry matter content limits their suitability for industrial processing. As a result, many food processors have relied on imported potato varieties, particularly those originating from the Netherlands. According to Dr Aftab, growers have widely cultivated imported varieties including Lady Rosetta, Hermes, Alverstone, Venus, Sante, and Asterix. These imported varieties remain popular because they possess the characteristics required for commercial potato chips and French fries production. However, dependence on imported seeds has increased production costs and raised concerns over long-term sustainability. Agricultural experts believe locally developed varieties can help reduce reliance on foreign seeds while improving productivity and lowering costs. Locally Developed Varieties Better Suited To Pakistan Researchers believe locally developed potato varieties offer significant advantages because they are specifically bred for Pakistan’s environmental conditions. Dr Aftab said domestic varieties are better able to withstand drought, frost, and high temperatures compared with imported alternatives. He also noted that several factors influence potato dry matter content, including cultivation practices, harvesting time, and fertiliser application. According to researchers, potash fertilisers play a particularly important role in improving the quality of potatoes intended for industrial processing. Agricultural specialists believe combining improved seed varieties with modern farming techniques can significantly enhance the value of Pakistan’s potato crop. Pakistan Has Strong Potential In Global Potato Market Dr Ahmad Din, Assistant Professor at the National Institute of Food Science and Technology in Faisalabad, said Pakistan has considerable potential to become a major supplier of processed potato products in international markets. Although Pakistan produces nearly 10 million tonnes of potatoes annually and ranks among the world’s leading potato-producing countries, it has yet to fully benefit from rising global demand for processed potato products. According to Dr Ahmad, the widespread cultivation of low dry matter potato varieties remains one of the key challenges. He explained that potato varieties with dry matter content exceeding 20 percent are ideal for French fries production because they absorb less oil while delivering better texture and appearance. Currently, processors continue relying heavily on imported varieties such as Sante, Lady Rosetta, Cardinal, and Asterix. New Varieties Could Reduce Import Dependence Agricultural experts believe the introduction of these new high dry matter potato varieties could encourage greater investment in Pakistan’s food processing sector while creating new income opportunities for farmers. The development is also expected to reduce dependence on imported potato seeds, improve domestic processing capacity, and strengthen Pakistan’s competitiveness in regional and international markets.

Fake AI Investment Platform Claims Rejected by Arif Habib Limited
Business

Fake AI Investment Platform Claims Rejected by Arif Habib Limited

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Arif Habib Limited (AHL) has strongly denied any association with a fake AI investment platform that has been promoted through misleading reports and social media posts, warning investors against fraudulent schemes using the company’s name and reputation. The Pakistan Stock Exchange (PSX)-listed company issued a formal clarification after fabricated reports falsely claimed that businessman Arif Habib had launched an artificial intelligence-based investment programme promising weekly profits of up to Rs500,000. According to a filing submitted to the Pakistan Stock Exchange, the claims are completely false and have no connection with Arif Habib Limited or any entity within the Arif Habib Group. Company Rejects Fake AI Investment Platform Claims In its official statement, Arif Habib Limited categorically denied launching, endorsing, sponsoring, or supporting any artificial intelligence-based investment scheme. The company stated that neither Arif Habib, Arif Habib Limited, nor any other organisation affiliated with the Arif Habib Group has any involvement with the platform being promoted online. Officials described the reports as fabricated, unauthorised, and deliberately misleading. The company further clarified that it has no association with the publication, website, mobile application, or digital platform responsible for circulating the false information. The clarification was issued to protect investors and ensure that the public receives accurate information. Investors Urged To Verify Investment Offers Arif Habib Limited advised investors and the general public to verify the authenticity of financial information before making any investment decisions. The company warned against trusting advertisements, social media posts, or websites that promise unusually high returns within a short period. According to the fraudulent claims, investors were allegedly promised weekly profits of up to Rs500,000 through an AI-powered investment platform. Financial experts have consistently cautioned that schemes guaranteeing exceptionally high returns often carry a high risk of fraud. The company also urged the public not to share personal or financial information with unverified websites or unknown platforms. Company Highlights Official Communication Channels Arif Habib Limited reiterated that all corporate announcements, financial disclosures, and investor updates are released only through its official communication channels and the Pakistan Stock Exchange. The company advised investors to rely exclusively on verified information published through authorised platforms. It also requested the Pakistan Stock Exchange to place the clarification on record and circulate it among investors and market participants to help prevent further misinformation. Online Investment Scams Continue To Rise The incident highlights the increasing threat of online financial scams that misuse the names of well-known companies and business leaders to deceive investors. Fraudsters are increasingly exploiting the growing popularity of artificial intelligence by falsely claiming to offer AI-powered investment systems capable of generating guaranteed profits. Experts continue to advise investors to exercise caution when encountering investment opportunities that promise unusually high returns with little or no risk. AHL Reaffirms Commitment To Investor Protection Arif Habib Limited reaffirmed its commitment to protecting investor interests, promoting market transparency, and supporting the integrity of Pakistan’s financial markets. The company said it will continue monitoring the misuse of its name while encouraging the public to report suspicious activities through the appropriate authorities.

Business

Engro Fertilizers H1 Profit Falls 16% To Rs7.12bn On Sharp Drop In Urea, DAP Offtakes

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Lower Fertilizer Demand Weighs On Half-Year Earnings Engro Fertilizers Limited posted a consolidated net profit of Rs7.12 billion for the six months ended June 30, 2026, down 16% from Rs8.46 billion a year earlier as weaker fertilizer demand weighed on sales volumes. Earnings per share declined to Rs5.33 from Rs6.34 in the corresponding period of 2025. The company declared a second interim cash dividend of Rs1.75 per share, taking the total half-year payout to Rs3.75 per share. Weak Sales Volumes Reduce Revenue Net sales fell 12% year-on-year to Rs70.85 billion from Rs80.69 billion. During the second quarter alone, revenue declined 34% to Rs33.07 billion. Urea offtake in the second quarter stood at 254,000 tonnes, down 41% from a year earlier, while DAP sales plunged 68% to just 18,000 tonnes. The first half also marked the company’s lowest urea sales in a decade, with total offtake of 537,000 tonnes, leaving inventory elevated at approximately 694,000 tonnes. Margins Improve Despite Lower Volumes Gross profit declined 11% to Rs23.56 billion. Despite weaker sales, gross margins improved to 33% during the first half and reached 35.8% in the second quarter, compared with 31.4% in the same period last year. The improvement was supported by higher urea prices and effective cost control measures. A one-off gain of nearly Rs1.8 billion related to the Sindh Infrastructure Development Cess also helped limit the decline in profitability. Meanwhile, finance costs increased 15% to Rs3.30 billion due to higher borrowings. Company Maintains Dividend Payout The Board of Directors approved a second interim cash dividend of Rs1.75 per share (17.5%). Combined with the earlier interim dividend of Rs2.00 per share, the total H1 dividend stands at Rs3.75 per share, compared with Rs6.50 per share during the same period last year. Share transfer books will remain closed from August 11 to August 12, 2026. Shareholders whose names appear on the register by August 10, 2026, will be entitled to receive the dividend.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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