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Karandaaz Pakistan collaborates with ‘D-Tech’ to nurture AI-based Digital Financial Services
Pakistan

Karandaaz Pakistan collaborates with ‘D-Tech’ to nurture AI-based Digital Financial Services

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Karachi, 03 July, 2026 – Karandaaz Pakistan has partnered with D-Tech & Consultancy Private Ltd. (DTC) to develop a customer-friendly solution named ‘My Intelligent Assistant’ (MIA) for enriching its ‘AI in Digital Payments Program’. ‘MIA’ is a Context-Aware AI Companion that will make digital financial services more accessible, intuitive, and inclusive for users across Pakistan. Through this partnership, DTC will provide real-time, multilingual, and personalized guidance to users navigating Pakistan’s digital finance interfaces. Due to digital adoption and the speedy evolution of financial infrastructure, the number of users has grown rapidly. However, due to limited digital literacy, language barriers, and a lack of contextual support within applications, many customers continue to face challenges in completing digital transactions independently. Hence, the users’ confidence is hindered. By integrating intelligent, context-sensitive assistance directly within digital financial applications, the ‘MIA’ solution will address many of these barriers. MIA is designed to serve as an intelligent companion that empowers users through personalized guidance. It can help bridge gaps in digital literacy and the wider outreach of financial services. Together, Karandaaz and DTC aim to establish a scalable framework for the deployment of AI-powered solutions within Pakistan’s digital financial ecosystem to deliver more meaningful benefits for users. The CEO of Karandaaz, Waqas ul Hasan, said:“Artificial Intelligence has the potential to transform how people engage with digital financial services. We are exploring innovative ways to make digital payments more user-friendly for all segments. Karandaaz Pakistan is committed to fostering innovation in digital finance and supporting the responsible adoption of emerging technologies.” The Founder and CEO of D-Tech & Consultancy (Pvt.) Ltd, Adeel Dayo stated that:“We are honored to partner with Karandaaz Pakistan in bringing My Intelligent Assistant (MIA) to life. As Pakistan’s digital financial ecosystem continues to grow, millions of users still face challenges in navigating digital interfaces of mobile wallets, and payment services. MIA is designed to bridge this gap by leveraging Context-Aware Artificial Intelligence to make digital financial interactions more accessible, intuitive, and inclusive. We believe this initiative has the potential to redefine how people interact with digital applications and contribute meaningfully to Pakistan’s financial inclusion and digital transformation agenda.” Through MIA, Karandaaz Pakistan and DTC aim to leverage responsible AI adoption to build trust, improve digital engagement, and create a more inclusive financial ecosystem where technology delivers meaningful value for users.

PM Shehbaz Sharif, Army Chief Arrives in Tehran for Late Iranian Supreme Leader’s Funeral
Breaking News, Pakistan

PM Shehbaz Sharif, Army Chief Arrives in Tehran for Late Iranian Supreme Leader’s Funeral

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Prime Minister Shehbaz Sharif landed in Tehran on Friday for a one-day visit to attend the funeral of Iran’s late Supreme Leader Ayatollah Seyyed Ali Khamenei. He is leading a high-level Pakistani delegation.Chief of Army Staff Field Marshal Syed Asim Munir has also arrived in Tehran to attend the funeral of Iran’s late Supreme Leader Ayatollah Ali Khamenei, highlighting strong military and bilateral relations between Pakistan and Iran. Strong Bilateral Solidarity Pakistan’s High-Level Representation The prime minister was accompanied by National Assembly Speaker Sardar Ayaz Sadiq, Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar, Minister for Information Attaullah Tarar, PPP Chairman Bilawal Bhutto Zardari, PPP Secretary General Nayyar Hussain Bukhari, Sindh Chief Minister Syed Murad Ali Shah, and several parliamentarians. Upon arrival at Tehran’s Mehrabad International Airport, PM Shehbaz was received by Iranian Interior Minister Eskandar Momeni, Pakistan’s Ambassador Imran Ahmed Siddiqui, and senior officials from both sides. During his brief stay, the prime minister will participate in the last rites and extend condolences on behalf of the Pakistani government and people. This gesture underscores Islamabad’s deep solidarity with its neighbour during this time of mourning. Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir had already reached Tehran to attend the funeral ceremonies. Delegations from nearly 100 countries, including heads of state, civil society groups, and public figures, are participating in the state funeral. The visit reflects Pakistan’s consistent policy of maintaining close ties with Iran. Both nations share historical, cultural, and geographical bonds that remain vital for regional stability. After concluding engagements in Tehran, PM Shehbaz will travel to Istanbul on a bilateral visit to Türkiye at the invitation of President Recep Tayyip Erdogan. In Istanbul, he will hold high-level meetings with Turkish leadership and address a business conference. The event will highlight investment opportunities in Pakistan’s Special Economic Zones, energy, IT, trade, and privatisation sectors. This dual visit comes at a critical time for Pakistan’s foreign policy and economic diplomacy. Strengthening relations with key neighbours and partners remains central to addressing security and economic challenges. Iran’s loss of its long-serving Supreme Leader has drawn global attention. Pakistan’s prominent participation signals strong fraternal ties and shared commitment to mutual support. Observers see the trip as an opportunity to discuss bilateral issues, including trade, energy cooperation, and border security. Enhanced connectivity could benefit both economies in the coming years. PM Shehbaz’s itinerary blends solemn diplomatic duties with forward-looking economic outreach. It demonstrates Pakistan’s proactive engagement on multiple fronts.

Consumers Paying the Price for Power Companies Failures, Debt Service Surcharge Must be Reviewed After AGP Audit 2025-26 : Khurram Ijaz
Pakistan

Consumers Paying the Price for Power Companies Failures, Debt Service Surcharge Must be Reviewed After AGP Audit 2025-26 : Khurram Ijaz

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Pakistan’s electricity consumers continue to bear the financial burden of years of inefficiency, delayed reforms, and weak governance in the power sector, according to Khurram Ijaz, Secretary General of the Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry. Referring to the Auditor General of Pakistan (AGP) Audit Report 2025-26, Ijaz urged the federal government to immediately review the Debt Service Surcharge (DSS), arguing that the Rs3.23-per-unit levy unfairly shifts the cost of institutional failures onto households and businesses. Debt Service Surcharge Under Fire Ijaz said the AGP report highlights a troubling reality in Pakistan’s power sector, where consumers continue to shoulder the financial burden instead of seeing meaningful structural reforms. He argued that the government has relied on surcharges and borrowing to manage the sector’s financial problems rather than addressing the underlying causes of inefficiency. “The audit lays bare an uncomfortable reality: instead of fixing the power sector, consumers are repeatedly being asked to pay for its failures,” he said. AGP Report Questions Effectiveness of Power Sector Reforms According to Ijaz, the audit exposes a significant gap between the government’s reform agenda and the actual performance of the electricity sector. While the National Electricity Policy and National Electricity Plan (2023-27) aim to create a competitive, financially sustainable, and consumer-focused electricity market, the audit found that the sector recorded average deficits of 2.8 percent of GDP between FY2014 and FY2024. He noted that although circular debt declined from Rs2.39 trillion in June 2024 to Rs1.61 trillion by June 2025, the reduction resulted primarily from commercial borrowing and fiscal interventions rather than genuine structural reforms. According to Ijaz, borrowing merely postpones the crisis while electricity consumers continue paying higher tariffs. High Transmission Losses Continue to Drive Circular Debt The AGP report also highlighted persistent operational inefficiencies across public-sector electricity distribution companies (DISCOs). During FY2024-25: Ijaz said these figures demonstrate that the root causes of Pakistan’s circular debt remain unresolved. He argued that electricity theft, technical losses, weak recoveries, and poor governance continue despite repeated promises of reform. K-Electric Consumers Face Fairness Questions Ijaz also referred to the AGP’s observations regarding the application of the Debt Service Surcharge to customers of K-Electric. He said the audit questioned the fairness of imposing the surcharge on K-Electric consumers despite the utility not contributing to Pakistan’s circular debt. According to him, the issue raises broader concerns regarding transparency, consumer rights, and equitable tariff policies. Electricity Theft and Billing Issues Remain Major Challenges The AGP report found that actual transmission and distribution losses climbed to 17.55 percent during FY2024-25, well above the 11.77 percent benchmark approved by the National Electric Power Regulatory Authority. Ijaz attributed the higher losses to: He added that persistent overbilling complaints and billing inaccuracies have further weakened public confidence in electricity distribution companies. Weak Transmission Network Raises Costs Ijaz also criticized Pakistan’s ageing transmission infrastructure, saying it contributed to approximately Rs1.9 trillion in capacity payments during FY2024-25. He argued that delays in upgrading the transmission network have prevented the country from fully utilizing available electricity generation, forcing consumers to pay for idle capacity. While welcoming the government’s proposed 800MW market allocation and wheeling initiative, he said the measure remains too limited to introduce meaningful competition or reduce reliance on Pakistan’s single-buyer electricity model. Call for Comprehensive Power Sector Reforms Ijaz stressed that Pakistan’s industrial competitiveness cannot improve while electricity tariffs continue reflecting inefficiencies instead of actual production costs. He urged the federal government to: He concluded that lasting reforms—not temporary fiscal measures—are essential to protect consumers and place Pakistan’s electricity sector on a financially sustainable path.

PIA Launches Direct Flights Between Lahore and Manchester: PIA Spokesperson
Pakistan

PIA Launches Direct Flights Between Lahore and Manchester: PIA Spokesperson

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Lahore, July 2, 2026:Pakistan International Airlines (PIA) has launched its inaugural non-stop flight from Lahore to Manchester. Flight PK709 departed today from Lahore, marking the commencement of direct air services between the two cities. A simple yet dignified inauguration ceremony was held at Allama Iqbal International Airport, Lahore. A cake-cutting ceremony was organized to commemorate the occasion, and PIA Chief Operating Officer, Khurram Mushtaq, bid farewell to the passengers before departure. Passengers welcomed the restoration of direct air connectivity between Lahore and Manchester, describing it as a significant development for the Pakistani community residing in the United Kingdom. They expressed confidence that the resumption of direct flights would further strengthen people-to-people ties between Pakistan and the UK. The inaugural flight departed with 325 passengers on board.Earlier, the first direct flight from Manchester to Lahore departed last night. The flight was seen off by PIA’s local management and officials of the Manchester Airport Group. The launch of direct Lahore–M With the introduction of this new service, PIA now operates a total of five weekly flights between Pakistan and Manchester. Of these, four weekly flights operate from Islamabad, while one weekly flight operates from Lahore. This expansion will provide greater convenience and enhanced travel options for the Pakistani community living in the United Kingdom.

Children are adopting AI technologies more than three times faster than adults, UNICEF
Breaking News, Pakistan

Children Are Adopting AI Technologies More Than Three Times Faster Than Adults, UNICEF Warns

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Artificial Intelligence (AI) is rapidly becoming a part of children’s daily lives, creating new opportunities for learning and creativity while raising serious concerns about safety, privacy, and online protection, according to UNICEF. In a statement released ahead of the first Global Dialogue on AI Governance, UNICEF said AI is already transforming childhood worldwide, with new evidence revealing both the scale of children’s adoption of the technology and the growing risks associated with its use. Millions of Children Are Already Using AI Drawing on new data from 10 countries, UNICEF estimates that at least 20 million children have used Artificial Intelligence, with young people adopting the technology at rates more than three times faster than adults. The findings show that AI is increasingly becoming part of children’s everyday activities. According to the analysis: UNICEF said the rapid adoption of AI highlights both its educational potential and the urgent need for stronger safeguards. AI Governance Is Struggling to Keep Pace UNICEF warned that while children’s use of AI continues to grow rapidly, the legal and regulatory frameworks governing AI have failed to keep pace. The organization said children are increasingly exposed to AI systems, including how they are designed, the business models behind them, and how their personal data is collected and used. Despite being among the most affected users, children have limited ability to understand, avoid, or challenge these systems. UNICEF stressed that most current AI governance frameworks do not adequately prioritize children’s rights or protection. Opportunities Come With Emerging Risks While AI offers significant opportunities for education, creativity, and entertainment, UNICEF cautioned that evidence regarding its long-term effects on children’s cognitive development, emotional well-being, and exposure to harmful content is still emerging. The organization described the current situation as one in which an entire generation is effectively “growing up inside a global experiment.” UNICEF emphasized that more research is needed to fully understand AI’s impact on child development. Children Express Growing Concerns About AI The report also found that children themselves recognize many of the risks associated with Artificial Intelligence. Among respondents across the 10 countries: UNICEF warned that too many AI systems remain accessible to children without adequate safety measures or built-in protections. UNICEF Calls for Child-Centered AI Governance Ahead of the Global Dialogue on AI Governance, UNICEF has urged governments, technology companies, and international partners to place children’s rights at the center of AI regulation and development. The organization called for: A Critical Moment for the Future of AI UNICEF concluded that decisions being made today regarding Artificial Intelligence will have lasting consequences for children’s safety, privacy, education, and equal access to opportunities. The organization emphasized that embedding child rights into global AI governance is essential to ensuring future generations can safely benefit from technological innovation while minimizing potential harm.

PTA Monitors Internet Traffic Disruption Following SMW5 Submarine Cable Fault
Pakistan

PTA Monitors Internet Traffic Disruption Following SMW5 Submarine Cable Fault

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Islamabad (2 July 2026): The Pakistan Telecommunication Authority (PTA) is closely monitoring internet traffic disruption caused by a fault in the SEA-ME-WE 5 (SMW5) international submarine cable system. As a result, some internet users may experience intermittent degradation in service quality and connectivity. Read More: https://theboardroompk.com/k-solar-chinas-mingyang-sign-mou-to-bring-advanced-wind-energy-and-bess-solutions-to-pakistan/ Trans word Associate ( TWA) is coordinating with the SMW5 Consortium to identify the root cause of the fault and determine the estimated time for restoration (ETTR). In the meantime, internet traffic is being rerouted through alternate international links to minimize the impact and ensure service continuity to the greatest extent possible. PTA remains in close coordination with the concerned stakeholders and will continue to monitor the situation to facilitate the earliest possible restoration of normal internet services across the country.

OICCI CSR Report 2025: Foreign Investors Spend Rs15.33 Billion on Social Development Across Pakistan
Pakistan

OICCI CSR Report 2025: Foreign Investors Spend Rs15.33 Billion on Social Development Across Pakistan

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The OICCI CSR Report 2025 has highlighted the growing role of foreign investors in Pakistan’s social and economic development, revealing that multinational companies invested Rs15.33 billion in Corporate Social Responsibility (CSR) initiatives during the 2025 financial year. Released by the Overseas Investors Chamber of Commerce and Industry (OICCI), the report shows a 10% increase in CSR spending compared to the previous year, with more than 44 million people benefiting from initiatives in healthcare, education, poverty reduction, disaster recovery, and environmental sustainability. Representing nearly 200 multinational companies operating in Pakistan, OICCI said the findings reflect the private sector’s continued commitment to supporting the country’s long-term development despite challenging business conditions. Flood Recovery Received Major Support A significant portion of CSR spending was directed toward communities affected by recent floods. According to the report, OICCI member companies allocated Rs4.5 billion to flood relief, rehabilitation, and recovery initiatives, helping rebuild affected communities and provide emergency assistance to thousands of families. Beyond financial contributions, member companies collectively contributed more than 13 million volunteer hours, working alongside 270 civil society organizations to implement welfare and development projects across Pakistan. Healthcare Remained the Largest CSR Focus Healthcare continued to receive the largest share of CSR investment. The report states that multinational companies invested more than Rs6.5 billion in healthcare programs, including free and subsidized medical treatment, hospital infrastructure, maternal and child healthcare, and mental health initiatives. These healthcare projects benefited over 19 million people, making healthcare the largest single area of CSR investment during the year. Excluding flood-related spending, more than 60% of total CSR investments were aligned with United Nations Sustainable Development Goal (SDG) 3 – Good Health and Well-being, underscoring healthcare as the highest corporate priority. Education and Poverty Reduction Programs Expanded Education remained another key area of investment. OICCI member companies invested Rs1 billion in scholarships, vocational training, digital learning, and educational infrastructure, benefiting approximately 900,000 students across Pakistan. Meanwhile, Rs645 million was allocated to poverty alleviation initiatives, including livelihood support, income-generation programs, microfinance, and social protection projects. According to the report, these initiatives positively impacted more than 1.2 million people, helping improve economic opportunities for vulnerable communities. CSR Projects Reached Every Region of Pakistan The report highlights that CSR initiatives were implemented across all provinces and regions rather than being concentrated in major urban centers. Nearly half of all projects were carried out in Punjab and Sindh, while substantial investments were also made in underserved regions, including: The nationwide distribution reflects a broader commitment to inclusive development across Pakistan. OICCI Highlights Long-Term Commitment Speaking at the launch of the report, OICCI Secretary General M. Abdul Aleem said multinational companies are investing not only in business operations but also in the communities where they operate. He noted that partnerships with 270 civil society organizations enabled member companies to reach remote areas and contribute to healthcare, education, employment, and community development, helping build a more inclusive and sustainable Pakistan. UNDP Praises Private Sector Leadership The launch ceremony was attended by Dr. Samuel Rizk, Resident Representative of the United Nations Development Programme (UNDP) in Pakistan. He commended OICCI members for aligning their CSR initiatives with the United Nations Sustainable Development Goals (SDGs), emphasizing that investments in healthcare, education, and poverty reduction strengthen Pakistan’s national development agenda while fostering collaboration between the public and private sectors. Climate Action and ESG Continue to Gain Importance The report also highlights increasing corporate focus on Environmental, Social, and Governance (ESG) priorities and climate resilience. Member companies are investing in clean energy, responsible resource management, water conservation, and environmental sustainability initiatives to support Pakistan’s long-term climate objectives. These efforts demonstrate how multinational companies are integrating sustainability into their business strategies while contributing to a greener and more resilient economy. OICCI CSR Report Reflects Growing Investor Confidence The OICCI CSR Report 2025 sends a strong message that multinational companies continue to view Pakistan as a long-term investment destination. With Rs15.33 billion invested in social development and more than 44 million beneficiaries, the report underscores the expanding role of the private sector in improving healthcare, education, disaster resilience, poverty reduction, and environmental sustainability. As Pakistan pursues sustainable economic growth, the report illustrates how collaboration between multinational companies, civil society organizations, and development partners can generate lasting social impact while strengthening the country’s overall development trajectory.

K-Electric Annual General Meetings Receive Extended Deadline
Pakistan

K-Electric Annual General Meetings Receive Extended Deadline

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K-Electric Limited (PSX: KEL) has received regulatory approval to hold its pending Annual General Meetings (AGMs) for the financial years ending June 30, 2024, June 30, 2025, and June 30, 2026, by December 31, 2026. The extension, disclosed through a notification to the Pakistan Stock Exchange (PSX), provides the utility company additional time to complete the required legal and corporate formalities before convening its pending shareholder meetings. Regulatory Authority Grants Extension According to K-Electric, the extension follows advice received from the relevant regulatory authority, allowing the company to hold its pending AGMs by the end of December 2026. The company referred to its earlier disclosure dated April 17, 2026, confirming that the revised timeline applies to the AGMs for three consecutive financial years. The approval provides K-Electric with additional time to complete the necessary compliance requirements while remaining aligned with applicable corporate governance regulations. Importance of Annual General Meetings Annual General Meetings are a key element of corporate governance for listed companies. During AGMs, shareholders typically: With the extension, shareholders will receive updates covering multiple financial years once the meetings are convened. K-Electric Reaffirms Commitment to Compliance In its PSX notification, K-Electric reiterated its commitment to complying with all applicable regulatory requirements. The company stated that it will undertake all necessary actions within its control to complete the required legal and corporate formalities before the revised deadline. The assurance aims to maintain investor confidence while the company progresses toward fulfilling its governance obligations. What the Extension Means for Shareholders The extension does not affect shareholders’ ownership rights or the company’s obligation to hold the meetings. However, shareholders will now have to wait longer before formally reviewing: The AGMs will provide an opportunity for management to engage directly with shareholders after completing the pending compliance process. Investors Await Further Announcements Although the deadline has been extended until December 31, 2026, K-Electric remains responsible for completing all regulatory requirements within the approved timeframe. Investors are expected to closely monitor future company announcements regarding the scheduling of the pending Annual General Meetings and any additional corporate developments. The extension represents an important corporate governance update for one of Pakistan’s largest listed power utilities, while reinforcing the company’s commitment to meeting its regulatory obligations.

PACRA upgrades Soneri Bank’s rating to AA
Pakistan

PACRA upgrades Soneri Bank’s rating to AA

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The Pakistan Credit Rating Agency (PACRA) has upgraded Soneri Bank’s Long-Term Entity Rating from AA- to AA, while reaffirming the Short-Term Rating at the highest level, A1+. The upgrade reflects a structurally stronger liability franchise, sustained earnings growth, and continued progress in trade finance. Deposit Franchise Strengthens The bank’s deposit mix has improved steadily over recent years. PACRA noted that the CASA ratio has strengthened consistently, while current deposits have grown significantly faster than the overall deposit base, particularly in newly opened branches. The agency described Soneri Bank’s low-cost funding base as relationship-anchored rather than rate-sensitive, supported by a stable and higher-than-historical spread. Profitability Shows Strong Momentum Profitability has improved across both funded and non-funded businesses. According to PACRA, net markup income and profit before tax have recorded strong multi-year growth, driven by efficient deployment of funds and disciplined cost management. Fee and commission income has also nearly doubled over the period, with growth ranking among the stronger performers in the banking industry. Digital Banking and Technology Investments PACRA acknowledged Soneri Bank’s continued investment in alternate delivery channels, payment solutions, and core banking infrastructure. These investments reflect the bank’s commitment to improving customer experience while staying aligned with evolving industry trends and increasing digital adoption. Trade Finance Emerges as Key Growth Driver Trade finance has become a major contributor to the bank’s expansion strategy. Foreign trade volumes have more than doubled over the past five years, enabling Soneri Bank to achieve its highest market share to date and cross a significant trade volume milestone. PACRA noted that this performance has positioned the bank among the industry’s leading institutions in terms of trade growth, further reinforcing its role as a trusted trade finance partner. Asset Quality Improves Significantly The bank’s asset quality has strengthened considerably. The infection ratio has fallen to its lowest level in more than a decade, improving Soneri Bank’s industry ranking. At the same time, both general and specific coverage ratios have increased substantially, enhancing loss-absorption capacity and overall balance sheet resilience. Branch Expansion and Islamic Banking Growth Soneri Bank has continued expanding its branch network and is currently undergoing the largest expansion phase in its history. The bank’s Islamic Banking business has also contributed meaningfully to growth through continued increases in assets, deposits, and advances. Three-Year Strategic Roadmap Looking ahead, Soneri Bank has outlined a three-year strategic roadmap focused on: The strategy includes plans for further branch expansion, growth in total assets and deposits, and continued scaling of trade business volumes as a core pillar of future non-funded income.

Select Technologies IPO Public Subscription Opens on July 2
Pakistan

Select Technologies IPO Public Subscription Opens on July 2

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The general public subscription for the Initial Public Offering (IPO) of Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, will open on July 2, 2026, and remain available until July 3, 2026, at 11:59 p.m., following the successful completion of the company’s book-building process. Read More: https://theboardroompk.com/gold-prices-fall-as-fed-rate-hike-fears-spark-biggest-quarterly-crash-in-13-years/ The IPO comes after strong institutional demand, with the book-building phase fully subscribed at the strike price, highlighting investor confidence in the company’s growth prospects and Pakistan’s expanding electronics manufacturing sector. Book-Building Phase Fully Subscribed Select Technologies is offering 88.88 million ordinary shares, representing 10% of its post-IPO paid-up capital. Out of the total offering: Following the successful book-building exercise, the remaining 22.22 million shares (25%) will now be offered to retail investors. General Public Subscription Opens on July 2 The public subscription will run for two days, from July 2 to July 3, 2026, with shares available at the strike price of Rs34 per share. Retail investors will have the opportunity to participate in one of the latest listings on the Pakistan Stock Exchange (PSX), allowing them to invest alongside institutional investors who participated in the book-building process. Select Technologies Focuses on Local Electronics Manufacturing Select Technologies Limited is engaged in the manufacturing and assembly of smartphones, smart televisions, and air conditioners in Pakistan. The company has established strategic partnerships with globally recognized technology brands, including Xiaomi and Hisense, positioning itself to capitalize on Pakistan’s growing demand for locally manufactured consumer electronics. Its business model aligns with the government’s efforts to promote domestic manufacturing, reduce imports, and strengthen the country’s electronics industry. Air Link CEO Highlights Growth Potential Commenting on the successful completion of the book-building process, Muzaffar Hayat Paracha, Group CEO of Air Link Communication Limited, said the strong investor response reflects confidence in Select Technologies’ business model, manufacturing capabilities, and long-term growth prospects. He noted that the company was established with the vision of strengthening Pakistan’s local electronics manufacturing industry while bringing globally recognized technology products to local consumers. Arif Habib Limited Sees Positive Signal for Capital Markets Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, described the successful book-building process as an encouraging sign for Pakistan’s capital market. He said the strong participation demonstrates investor confidence in companies with sound fundamentals and reinforces the stock market’s role in helping businesses raise capital for expansion and future growth. Investment Opportunity for Retail Investors With the public subscription now opening, retail investors have an opportunity to invest in a company operating in one of Pakistan’s fastest-growing manufacturing segments. Select Technologies combines local manufacturing capabilities with international brand partnerships and operates under a Shariah-compliant business structure, making it an attractive option for investors seeking exposure to Pakistan’s consumer electronics sector.

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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