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SBP Forex Reserves Fall $1.305bn Due to External Debt Repayments
Breaking News, Pakistan

SBP Forex Reserves Fall $1.305bn Due to External Debt Repayments

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The foreign exchange reserves held by the State Bank of Pakistan fell by $1.305 billion during the week ended June 19, 2026. The central bank attributed this decline mainly to external debt repayments. Read More: https://theboardroompk.com/attack-on-rangers-a-cowardly-act-security-forces-swift-response-commendable-business-community/ Details of the Reserve Position The SBP’s foreign exchange reserves stood at $15.916 billion as of June 19. This was a decrease from $17.221 billion a week earlier. The total liquid foreign reserves of the country were $21.484 billion on the same date. Commercial banks held $5.568 billion in net foreign reserves. Inflows and Future Projections The central bank highlighted that inflows would soon increase the reserves. These include a $0.7 billion inflow from multilateral institutions to the government. Refinancing of government commercial loans is expected to add about $1.7 billion. The total $2.4 billion will be reflected in SBP reserves as on June 30. The SBP has projected its foreign exchange reserves to reach approximately $18 billion by the end of FY26. This outlook is based on the expected inflows and reserve management. Weekly fluctuations in reserves often occur due to debt servicing and other flows. The recent drop is linked directly to external debt repayments made during the period. The central bank monitors these movements closely as part of its mandate. Healthy reserve levels are vital for meeting the country’s external financing needs. The latest data offers a clear snapshot of the current forex position. Inflows lined up for the end of the month are set to improve the holdings. This should help bring the reserves closer to the projected level. The SBP continues its efforts to maintain stability in the external sector. Such updates are important for market participants and policymakers alike. The reserve position serves as an important barometer for economic resilience. Authorities focus on sustaining adequate levels through prudent management. Regular reporting enhances transparency in the financial system.

Bank AL Habib Maintains AAA Rating from PACRA with Stable Outlook
Pakistan

Bank AL Habib Maintains AAA Rating from PACRA with Stable Outlook

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According to PACRA’s latest rating announcement dated June 23, 2026, the bank’s outlook remains Stable, reflecting confidence in its ability to maintain financial strength despite changing economic conditions and moderating profitability. PACRA Reaffirms Bank’s Strong Financial Profile PACRA stated that Bank AL Habib continues to benefit from a strong market presence built over more than three decades of operations. The agency highlighted the bank’s conservative lending strategy, sound governance practices, and consistent financial performance across multiple economic cycles. The rating agency noted that the bank’s leadership in trade finance, high-quality asset portfolio, and resilient funding base continue to support its position among Pakistan’s most highly rated commercial banks. The reaffirmation also indicates PACRA’s confidence in the bank’s capacity to manage risks while maintaining adequate capital buffers and liquidity. Branch Network Continues to Expand Bank AL Habib significantly expanded its nationwide presence during calendar year 2025. The bank added 102 new branches, increasing its total branch network to 1,323 branches by the end of the year. The expansion has continued into the first quarter of calendar year 2026, with the network reaching 1,329 branches, strengthening the bank’s footprint across Pakistan. The continued branch expansion reflects the bank’s long-term strategy of increasing customer accessibility while supporting business growth in both urban and emerging markets. Islamic Banking Becomes a Key Growth Driver PACRA noted that Islamic banking is becoming an increasingly important contributor to Bank AL Habib’s future growth strategy. The bank now operates 392 dedicated Islamic banking branches, providing Shariah-compliant financial products and services to a growing customer base. As demand for Islamic banking continues to rise across Pakistan, the segment is expected to play a larger role in the bank’s expansion plans and long-term profitability. Investment Portfolio Remains Focused on Government Securities Bank AL Habib further strengthened its investment portfolio during CY25. The bank’s total investment portfolio increased to Rs2.03 trillion, compared with Rs1.92 trillion in the previous year. PACRA noted that these investments remain predominantly concentrated in government securities, reflecting the bank’s conservative investment strategy and focus on maintaining a strong liquidity profile while minimizing credit risk. Capital Position Remains Strong The bank continued to strengthen its capital base during the year. Shareholders’ equity, excluding revaluation surplus, increased by 8.7% to Rs141.8 billion. Meanwhile, total equity reached Rs171.3 billion, providing additional financial resilience. PACRA stated that the bank’s capital adequacy ratio remains comfortably above the minimum regulatory requirements, supporting future business growth and enhancing its ability to absorb potential economic shocks. Loan Portfolio Contracts Amid Conservative Lending Strategy While investments increased, Bank AL Habib reduced its lending exposure during the year. Gross advances declined to Rs792.1 billion, compared with Rs910.9 billion in CY24. According to PACRA, the reduction reflects management’s deliberate decision to consolidate the loan portfolio by avoiding financing opportunities where the risk-return profile did not meet the bank’s internal standards. This disciplined lending approach continues to support the bank’s strong asset quality and prudent risk management framework. Recoveries Improve Asset Quality The bank also reported a significant improvement in credit quality during CY25. Bank AL Habib recorded net reversals of credit loss allowances amounting to Rs2.4 billion, compared with a provisioning charge of Rs14.9 billion in the previous year. The improvement was mainly driven by recoveries on previously provisioned loans, highlighting the effectiveness of the bank’s recovery efforts and the resilience of its loan portfolio. Profit Declines as Interest Rates Ease Despite maintaining strong financial fundamentals, Bank AL Habib reported lower profitability during CY25. The decline largely reflected the impact of lower policy interest rates, which compressed banking sector margins. Net mark-up income decreased to Rs130.6 billion, compared with Rs156.2 billion recorded in CY24. As a result, profit after tax declined 23.1% to Rs30.6 billion, down from Rs39.9 billion in the previous year. Although earnings moderated, PACRA believes the bank’s overall financial profile remains robust, supported by strong capitalization, stable funding, prudent risk management, and consistent operational performance.

EFU Life Waada Digital Acquisition Under Consideration as Board Approves Potential Deal
Pakistan

EFU Life Waada Digital Acquisition Under Consideration as Board Approves Potential Deal

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EFU Life Assurance Limited (PSX: EFUL) has taken a significant step toward expanding its digital footprint after its Board of Directors approved the exploration of a potential acquisition of Waada Digital (Private) Limited, a Karachi-based insurtech startup. The proposed transaction, if completed, could strengthen EFU Life’s position in Pakistan’s rapidly evolving digital insurance sector and improve access to insurance products for underserved communities. The company informed the Pakistan Stock Exchange (PSX) about the development through a formal notification, emphasizing that the proposed acquisition is still at a preliminary stage and remains subject to several conditions before it can be finalized. Board Approves Exploration of Acquisition According to the notification submitted to the exchange, EFU Life’s Board of Directors has authorized the company to pursue a potential acquisition of Waada Digital (Private) Limited. However, the company clarified that the approval does not represent the completion of a transaction. Instead, the proposed deal will proceed through a detailed evaluation process that includes financial, operational, and legal due diligence. Both parties must also negotiate and execute definitive transaction agreements before any acquisition can move forward. In addition, the transaction will require all relevant corporate and regulatory approvals. Until these requirements are fulfilled, there is no certainty that the acquisition will be completed. Due Diligence and Regulatory Clearances Remain Key Like most corporate acquisitions, the proposed transaction will depend on a comprehensive due diligence process. This review allows EFU Life to assess Waada Digital’s financial health, technology platform, business model, legal obligations, and operational performance before making a final investment decision. Following the due diligence process, both companies will need to agree on the commercial terms of the transaction through legally binding agreements. The acquisition will also remain subject to approvals from the relevant regulatory authorities and corporate bodies. These approvals are essential to ensure compliance with Pakistan’s corporate governance and insurance regulations. Who Is Waada Digital? Waada Digital (Private) Limited is a Karachi-based insurtech company that aims to simplify insurance by making it more affordable, transparent, and easily accessible for consumers across Pakistan. The startup leverages digital technology to reduce the complexity traditionally associated with insurance products. Through its digital platform, Waada seeks to enable customers to compare, purchase, and manage insurance policies with greater convenience. Beyond offering digital insurance services, the company has positioned itself as an advocate for increasing insurance penetration in Pakistan. It seeks to narrow the gap between Pakistan and other South Asian countries, where insurance coverage rates are generally much higher. Pakistan continues to have one of the lowest insurance penetration rates in the region, leaving a large portion of the population without financial protection against unexpected risks. Digital platforms such as Waada aim to address this challenge by lowering barriers to insurance adoption. Strategic Opportunity for EFU Life If the acquisition is completed, it would represent an important strategic move for EFU Life as the company accelerates its digital transformation. Consumer preferences in Pakistan have increasingly shifted toward digital financial services. Customers now expect faster, simpler, and more convenient access to financial products through smartphones and online platforms. By integrating an established insurtech platform into its operations, EFU Life could enhance its digital distribution capabilities while expanding its reach beyond traditional insurance sales channels. The transaction may also enable the company to introduce innovative insurance solutions tailored to younger consumers, freelancers, small businesses, and first-time policyholders who prefer digital interactions over conventional branch-based services. The acquisition could further strengthen EFU Life’s ability to serve previously underserved market segments while improving customer engagement through technology-driven solutions. Digital Insurance Market Continues to Grow Pakistan’s financial services industry has experienced rapid digitalization in recent years. Mobile banking, digital wallets, fintech startups, and online financial services have gained widespread acceptance among consumers. The insurance industry has also begun embracing technology to improve customer experiences and simplify policy purchases. Insurtech companies combine technology with insurance services to automate underwriting, claims processing, policy management, and customer support. These innovations reduce administrative costs while making insurance products more accessible to a wider audience. As digital adoption continues to rise across Pakistan, partnerships and acquisitions involving technology-focused companies have become an increasingly common strategy for established financial institutions seeking to modernize their operations. No Final Agreement Yet Despite the board’s approval to explore the acquisition, EFU Life emphasized that no definitive agreement has been signed at this stage. The company noted that the transaction remains contingent upon satisfactory completion of due diligence, successful negotiations between both parties, execution of definitive transaction documents, and receipt of all necessary corporate and regulatory approvals. As a result, investors and market participants should view the announcement as an indication of intent rather than confirmation of a completed acquisition. Potential Impact on Pakistan’s Insurance Industry If finalized, the acquisition could signal a broader trend toward consolidation between established insurance companies and technology-driven startups in Pakistan. Traditional insurers are increasingly investing in digital capabilities to meet changing customer expectations and remain competitive in an evolving financial landscape. For EFU Life, acquiring Waada Digital could accelerate innovation, improve operational efficiency, and strengthen its long-term growth strategy in the country’s digital insurance ecosystem. While the outcome remains subject to regulatory review and commercial negotiations, the proposed transaction reflects the growing importance of technology in shaping the future of Pakistan’s insurance industry.

Syed Sabur Rehman Seeks 35.06% Stake in Saudi Pak Consultancy Company
Pakistan

Syed Sabur Rehman Seeks 35.06% Stake in Saudi Pak Consultancy Company

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A significant ownership change may be on the horizon for Saudi Pak Consultancy Company Limited (PSX: SPCL), as businessman Syed Sabur Rehman has announced his intention to acquire a 35.06% stake in the financially distressed listed company. The proposed transaction, disclosed through a Public Announcement of Intention (PAI) under the Securities Act, 2015, has been submitted via the Pakistan Stock Exchange and is subject to regulatory approval. Acquisition Subject to SECP Approval According to the filing, the proposed acquisition involves 15.83 million ordinary shares, representing 35.06% of SPCL’s issued and paid-up capital. The announcement also refers to an additional 14.65 million shares (32.45%) under related arrangements, which remain subject to the applicable regulatory framework. The acquisition cannot proceed without approval from the Securities and Exchange Commission of Pakistan (SECP), including the mandatory fit and proper assessment. Regulators retain the authority to suspend, reject, or reverse the transaction if legal and compliance requirements are not met. Who Is Syed Sabur Rehman? The announcement describes Syed Sabur Rehman as an experienced businessman with interests across multiple industries. His business background includes banking, textiles, hospitality, insurance, aviation, and investment holdings. The filing also notes that he has corporate interests in Pakistan as well as overseas, including companies in the United Kingdom and the Maldives. His diverse business portfolio suggests the proposed acquisition could form part of a broader long-term investment strategy. Saudi Pak Consultancy Faces Financial Challenges Saudi Pak Consultancy Company has experienced prolonged financial and operational difficulties in recent years. Key financial indicators include: Issued and paid-up capital of 45.16 million sharesTrading on the Pakistan Stock Exchange suspended since March 2022Negative book value of Rs8.84 per share for FY2025Net worth remaining negative for several consecutive yearsFY2025 earnings per share (EPS) of Rs0.98, despite a history of volatile financial performance Because the company’s shares have remained suspended from trading, price discovery has been limited. The last recorded market price before suspension was Rs0.90 per share in March 2022. Existing Shareholding Structure At present, Saudi Pak Industrial & Agricultural Investment Company Limited (SAPICO) holds 35.06% of SPCL’s shares, making it the company’s largest institutional shareholder. The company’s board is chaired by Syed Najmul Hasnain Kazmi, while Niaz Ahmed Khan serves as Chief Executive Officer. Potential Turning Point for SPCL If the proposed acquisition receives regulatory clearance, it could represent a major milestone for the long-suspended company. New ownership may provide an opportunity for restructuring, operational revival, or a strategic repositioning aimed at restoring the company’s long-term prospects. However, the transaction remains at the intention stage. The outcome now depends on the SECP’s review and approval process, which will determine whether the proposed takeover can move forward.

TDAP Audit Report Exposes Rs 3.65 Billion Irregularities, Raising Questions Over Export Body’s Governance
Pakistan

TDAP Audit Report Exposes Rs 3.65 Billion Irregularities, Raising Questions Over Export Body’s Governance

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The TDAP Audit Report has exposed what could become one of the most significant governance controversies involving Pakistan’s premier export promotion organization. Audit findings for the financial year 2024-25 have uncovered financial irregularities worth Rs. 3.656 billion, exposing widespread weaknesses in financial management, poor internal controls, and repeated violations of statutory requirements. The findings have placed the Trade Development Authority of Pakistan (TDAP) under intense scrutiny at a time when Pakistan is relying heavily on exports to stabilize its economy, improve foreign exchange reserves, and attract international investment. Instead of strengthening exporters, the country’s leading export promotion institution now finds itself facing serious questions over transparency and accountability. TDAP Audit Report Highlights Massive Governance Breakdown According to the audit for 2025-26, auditors identified irregularities totaling Rs. 3.656 billion across multiple financial and administrative areas. Rather than representing isolated incidents, the observations point toward deep-rooted governance failures affecting the authority’s financial operations. The audit identified three major categories of concern. Recovery-related issues accounted for more than Rs. 1.6 billion, making them the largest area of financial exposure. Internal control deficiencies totaled approximately Rs. 1.36 billion, indicating serious weaknesses in oversight and monitoring. Mismanagement of commercial bank accounts contributed another Rs. 513.6 million, raising concerns over compliance with legal financial procedures. Together, these findings paint a troubling picture of an institution struggling to maintain effective financial discipline. Failure to Prepare Financial Statements Raises Serious Legal Questions Among the most alarming findings is TDAP’s failure to prepare legally required financial statements under the TDAP Act, 2013. The audit states that the authority did not prepare balance sheets, income statements, or cash flow statements even years after the close of the financial period. These documents are fundamental for any public institution because they provide transparency regarding assets, liabilities, revenues, and expenditures. Management argued that previous financial statements had been prepared by external auditors and that work on the 2024-25 accounts was still underway. Auditors rejected this explanation, describing it as inadequate and inconsistent with statutory obligations. The absence of complete financial statements makes it difficult for oversight institutions to accurately assess TDAP’s financial health and operational performance. Karachi Expo Centre Income Kept Outside Official TDAP Fund Another major observation involves Rs. 513.615 million generated through operations at the Karachi Expo Centre. Under the TDAP Act, all revenues are required to be deposited into the designated TDAP Fund. Instead, auditors found that the authority retained these funds in a commercial bank account maintained with the National Bank of Pakistan. Out of the total amount, approximately Rs. 400.625 million was spent on maintenance, security, utilities, and operational expenses. While TDAP management argued that it was legally permitted to operate bank accounts, auditors maintained that the income should first have been transferred to the official TDAP Fund before any expenditure took place. Bypassing this process weakened financial transparency and reduced institutional oversight. Karachi Expo Centre Pricing Lapse Caused Revenue Loss The audit also revealed a direct revenue loss of Rs. 29.546 million linked to the Karachi Expo Centre. Auditors found that the Defence Export Promotion Organization (DEPO) used the exhibition facility for additional setup and dismantling days beyond the standard free period. According to applicable pricing rules, these additional days should have been billed at half the normal rental rate. TDAP failed to recover these charges, resulting in a significant loss of public revenue. The auditors recommended immediate recovery of the outstanding amount and called for responsibility to be fixed on the officials involved. Unpaid Water Bills Added Fresh Financial Burden Another lapse identified in the TDAP Audit Report concerns unpaid water charges amounting to Rs. 24.163 million owed to the Karachi Water and Sewerage Board. The authority failed to clear utility bills for the Karachi Expo Centre, allowing liabilities to accumulate over time. Management attributed the issue to billing discrepancies and problems with a non-functional water connection. However, auditors concluded that the matter had not been properly reconciled and reflected weak financial planning and poor engagement with service providers. The failure to resolve utility obligations also exposes the authority to additional penalties and surcharge risks. Procurement Irregularities Deepen Accountability Concerns Procurement practices also came under criticism. The audit identified procurement-related irregularities exceeding Rs. 144 million. Although individual cases differed, auditors observed recurring weaknesses, including violations of procurement rules, insufficient documentation, and inadequate competitive bidding. Such practices reduce transparency, weaken public confidence, and increase the possibility of inefficient use of government resources. Weak Internal Controls Continue to Fuel Financial Risks Throughout the report, auditors repeatedly pointed to weak internal controls as the central factor behind many of the financial irregularities. Several transactions lacked proper documentation, reconciliation procedures remained incomplete, and financial monitoring systems failed to identify or prevent irregular practices. Without stronger oversight mechanisms, the audit warns that similar governance failures may continue in future financial years. Public Accounts Committee Directives Remain Largely Ignored The audit also criticized TDAP’s poor compliance with directives issued by the Public Accounts Committee (PAC). Out of 92 audit paragraphs carried forward from previous years, only a small number have been fully resolved. Many observations remain pending despite repeated recommendations for corrective action. The continued backlog suggests that audit findings are not being addressed effectively, raising broader concerns about institutional accountability. Why the TDAP Audit Report Matters for Pakistan’s Economy The findings extend well beyond accounting issues. TDAP plays a central role in promoting Pakistani exports, supporting exporters, organizing international trade exhibitions, and improving the country’s global trade competitiveness. Persistent governance failures could reduce the authority’s effectiveness at a time when Pakistan urgently needs export growth to strengthen economic recovery, improve foreign exchange earnings, and attract foreign investors. Weak governance within the country’s principal export promotion agency risks undermining confidence among exporters, investors, and international trading partners. Audit Calls for Immediate Structural Reforms The audit has recommended several corrective measures to strengthen TDAP’s governance framework. These recommendations include preparing legally compliant financial statements without further delay, depositing all revenues into the official TDAP Fund, strengthening internal financial controls, reconciling outstanding accounts

KCCI Urges CM Sindh to Intervene Over Non-Restoration of Roads After SSGC Pipeline Works
Pakistan

KCCI Urges CM Sindh to Intervene Over Non-Restoration of Roads After SSGC Pipeline Works

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Accountability and Immediate Restoration of Karachi’s Dug-Up Roads Demanded KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Rehan Hanif, while expressing serious concern over the extensive road excavation activities being carried out by Sui Southern Gas Company (SSGC) across various parts of Karachi for the laying, replacement, rehabilitation and upgrading of gas pipelines, stated that although the business community fully recognizes the importance of modernizing gas infrastructure to improve service delivery, enhance safety standards and minimize leakages, the manner in which these activities are being undertaken has become a source of immense hardship for the citizens and businesses of Karachi. In a letter sent to Chief Minister Sindh Murad Ali Shah, Zubair Motiwala and Rehan Hanif pointed out that over the past several months, roads in numerous commercial, industrial and residential areas have been excavated for pipeline-related works. However, it has been widely observed that after completion of the excavation and pipeline installation process, many of these roads have either not been reconstructed at all or have remained in a damaged condition for extended periods. As a result, commuters, transporters, residents and businesses continue to face severe difficulties on a daily basis. They said that the deteriorated condition of roads has significantly aggravated traffic congestion across the city, increased travel time and transportation costs, caused damage to vehicles and created serious safety risks for motorists, motorcyclists, pedestrians and school-going children. The situation is particularly alarming in commercial and industrial zones where the movement of goods, employees, customers and suppliers is being adversely affected. Given Karachi’s status as the economic engine of Pakistan, any disruption to mobility directly impacts business productivity and economic activity, ultimately affecting the overall economy. They emphasized that the business community is unable to understand how such large-scale excavation activities can be permitted without a comprehensive and enforceable arrangement for the prompt reconstruction and restoration of the affected roads. It is difficult to comprehend that roads funded through public resources can be dug up extensively and left unattended for months after completion of the utility works. The prevailing situation, they said, raises legitimate concerns regarding the regulatory framework, contractual obligations and institutional responsibilities governing such projects. Chairman BMG and President KCCI called upon the Government of Sindh to clarify under what terms and conditions SSGC has been granted permission to undertake road-cutting activities throughout the city and whether such permissions include mandatory provisions requiring the company to restore roads to their original condition immediately upon completion of pipeline works. They further questioned that if road restoration is not the direct responsibility of SSGC, then it is equally important to determine which department has been assigned this responsibility and what mechanism exists to ensure the timely execution of restoration works. They further stated that reports suggest substantial amounts are collected from utility companies in the form of road-cutting and restoration charges before excavation work is permitted. If such charges are indeed being collected, the business community is concerned as to why the restoration process is not being completed expeditiously and where the bottlenecks exist that continue to leave roads in a damaged state for prolonged periods. They maintained that the public has a right to know how these funds are being utilized and which institution is accountable for ensuring that affected roads are reconstructed without unnecessary delay. Highlighting the lack of coordination among the concerned agencies, Zubair Motiwala and Rehan Hanif observed that the current situation reflects ineffective coordination among SSGC, local government authorities, municipal agencies and other relevant institutions. Citizens, they said, should not be made to suffer because of administrative gaps or overlapping jurisdictions between various departments. While infrastructure development is undoubtedly necessary, it must be undertaken in a manner that safeguards public convenience, road safety and economic activity. They stressed that a coordinated mechanism is urgently required to ensure that excavation, utility installation and road restoration are treated as integral components of a single project rather than separate and disconnected responsibilities. Considering the widespread public inconvenience and the adverse impact on commercial and industrial activities, Chairman BMG and President KCCI urged Chief Minister Sindh Syed Murad Ali Shah to order a comprehensive review of the existing policy and operational framework governing road excavation activities by utility companies. They also requested that all relevant stakeholders be directed to immediately restore roads where pipeline works have already been completed and establish a transparent accountability mechanism that clearly defines the responsibilities and timelines of each concerned agency. Zubair Motiwala and Rehan Hanif expressed confidence that under the leadership of the Chief Minister, the issue would receive the urgent attention it deserves and effective measures would be taken to protect the interests of Karachi’s citizens, businesses and industries while ensuring that essential infrastructure development projects are carried out in a more organized, accountable and citizen-friendly manner.

Karachi Land Dispute: Court Recommends Action Against SSP East Over Alleged Defiance of Orders
Pakistan

Karachi Land Dispute: Court Recommends Action Against SSP East Over Alleged Defiance of Orders

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The Karachi Land Dispute involving an allegedly occupied eight-acre property in Scheme 33 has taken a dramatic legal turn after a senior civil court recommended departmental action against the Senior Superintendent of Police (SSP) Karachi East for allegedly failing to implement judicial orders. The recommendation follows allegations that police authorities ignored court directives despite repeated instructions to assist in recovering the disputed land. The latest development has intensified public attention on the growing concerns surrounding land encroachment, enforcement failures, and the rule of law in Karachi. Court Finds Alleged Non-Compliance with Judicial Orders According to a report submitted by the Senior Civil Judge of Malir Court, judicial orders issued on May 19, 2026, directed authorities to recover the disputed eight-acre property located in Scheme 33, Sector 17-B, which reportedly belongs to a member of Abad. The court had instructed police officials to provide full security during the recovery operation. However, the report states that effective implementation did not take place despite clear legal directions. The court has now formally recommended departmental proceedings against the SSP Karachi East and forwarded its findings to the Establishment Secretary for further action. Recovery Operation Met With Armed Resistance The Karachi Land Dispute escalated further on June 2, 2026, when the court-appointed bailiff, accompanied by police and revenue officials, arrived at the site to execute the court’s order. According to the judicial report, the operation was met with alleged armed resistance from occupants of the disputed land. The report claims that firing occurred during the operation, preventing officials from successfully reclaiming the property. Despite the seriousness of the incident, the report alleges that no criminal case was registered at Sachal Police Station, even after a formal complaint was submitted by the court-appointed bailiff. Court Questions Police Performance The court observed that police authorities neither ensured effective enforcement of judicial orders nor presented a satisfactory explanation before the court regarding their failure to execute the recovery operation. The report specifically states that the SSP Karachi East allegedly demonstrated negligence in the performance of official duties and failed to comply with binding court directions. Such observations have raised fresh questions regarding institutional accountability in cases involving high-value urban land disputes. Fresh Directions Issued for Property Recovery The court has once again directed the SSP Karachi East and the Station House Officer (SHO) of Sachal Police Station to take immediate legal measures to recover the disputed property in accordance with the earlier judicial orders. In addition, the court has ordered that action be initiated against SSP Zubair Nazir over the alleged violation of court directives. Authorities have been instructed to submit a compliance report within seven days detailing the steps taken following the court’s recommendations. Why the Karachi Land Dispute Matters The case highlights broader concerns surrounding illegal land occupation in Karachi, where valuable urban properties frequently become the subject of prolonged legal battles. Courts have repeatedly emphasized that judicial decisions must be enforced promptly to maintain public confidence in the legal system. Legal experts note that when court orders remain unimplemented, it not only delays justice for affected property owners but also undermines the credibility of law enforcement institutions responsible for executing judicial directives. With the court now recommending disciplinary proceedings against a senior police official, the Karachi Land Dispute is expected to remain under close public and legal scrutiny in the coming days as authorities prepare their compliance report.

Service Long March Tyres boosts truck and bus radial tyre production capacity by 25%
Pakistan

Service Long March Tyres boosts truck and bus radial tyre production capacity by 25%

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Service Long March Tyres Limited (PSX: SLM) has significantly expanded its manufacturing capacity for truck and bus radial (TBR) tyres, strengthening its position in Pakistan’s tyre industry and reinforcing its long-term growth strategy. The company announced that its annual production capacity has increased from 1.6 million tyres to 2 million tyres, representing an increase of approximately 25%. The expansion is expected to help the company meet rising demand in both domestic and international markets while creating new opportunities for revenue growth and improved profitability. The development comes only weeks after the company’s successful listing on the Pakistan Stock Exchange (PSX), highlighting its commitment to expansion and operational excellence. Production capacity increased to meet rising demand Service Long March Tyres said the enhanced production capacity will enable the company to better serve customers across Pakistan while strengthening its export capabilities. Demand for truck and bus radial tyres has continued to grow in recent years, driven by expanding logistics networks, commercial transportation, infrastructure development, and increasing freight movement across the country. Higher production capacity will allow the company to respond more efficiently to market requirements without compromising product availability. The company believes the expansion will improve its competitiveness in the local tyre market while supporting future business growth. According to the notification submitted to the Pakistan Stock Exchange, the increased manufacturing capacity positions Service Long March Tyres to capitalize on growing opportunities in both local and overseas markets. Stronger position in domestic and export markets The additional production capacity is expected to strengthen the company’s presence across multiple market segments. Pakistan’s commercial transport industry relies heavily on truck and bus tyres that offer durability, fuel efficiency, and lower operating costs. As transportation activity continues to increase, tyre manufacturers are witnessing stronger demand from fleet operators, logistics companies, and public transport businesses. By expanding its production facilities, Service Long March Tyres aims to capture a larger share of this growing market while also increasing exports to international customers. The company stated that the expansion would enable it to better cater to increasing customer demand and reinforce its market position within the tyre manufacturing industry. The move is also expected to contribute positively to the company’s financial performance through higher production volumes, stronger sales, and improved operational efficiency. Expansion expected to support revenue and profitability Along with improving market reach, the company expects the higher production capacity to generate additional revenues and profitability over the coming years. Increasing manufacturing output allows companies to benefit from economies of scale by spreading production costs across a larger number of units. This often leads to improved operating efficiency and stronger profit margins, particularly when demand remains healthy. Service Long March Tyres believes the capacity enhancement will support its long-term business objectives by allowing it to maximize production while serving a broader customer base. The company described the expansion as part of its continued commitment to operational growth and long-term value creation for shareholders. Industry analysts generally view manufacturing capacity expansions as a positive indicator because they demonstrate confidence in future demand and the company’s growth prospects. Notification submitted to Pakistan Stock Exchange The capacity enhancement was formally disclosed through a notification submitted to the Pakistan Stock Exchange in accordance with regulatory requirements. Listed companies are required to promptly inform investors of material developments that could affect business operations or financial performance. Such disclosures help ensure transparency and allow shareholders to make informed investment decisions. The announcement provides investors with updated information regarding the company’s operational capabilities and future growth plans. Expansion follows successful PSX listing The production capacity increase comes shortly after Service Long March Tyres made its debut on the Main Board of the Pakistan Stock Exchange. The company was officially listed on the PSX with effect from June 15, 2026, while trading in its shares commenced on the same day. Settlement of trades began on a T+1 basis, making June 16, 2026, the first settlement date following the listing. The successful market debut marked an important milestone in the company’s corporate journey, providing greater visibility among investors and enhancing its access to capital markets. The latest production expansion further demonstrates that the company is continuing to execute its growth strategy soon after becoming a publicly listed entity. Outlook for future growth The expansion of truck and bus radial tyre production reflects growing confidence in Pakistan’s commercial transport sector and the increasing importance of modern tyre manufacturing. As freight movement, industrial activity, and regional trade continue to expand, demand for high-quality commercial vehicle tyres is expected to remain resilient. Companies with greater production capacity and efficient manufacturing operations are likely to be better positioned to capitalize on these opportunities. For Service Long March Tyres, the latest investment represents more than just an increase in production volumes. It signals the company’s ambition to strengthen its presence in Pakistan’s tyre industry, expand exports, improve financial performance, and deliver long-term value for its shareholders. With its newly enhanced annual production capacity of 2 million truck and bus radial tyres, the company has taken another significant step toward achieving sustained operational growth while reinforcing its competitive position in both domestic and international markets.

Kaghan Valley Draws Over 109,000 Tourists as KP Hits Record 231,000 Daily Visitors
Editor pick, Pakistan

Kaghan Valley Draws Over 109,000 Tourists as KP Hits Record 231,000 Daily Visitors

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Khyber Pakhtunkhwa witnessed a strong surge in domestic tourism. Naran-Kaghan Valley emerged as the top destination on June 25, 2026. Read More: https://theboardroompk.com/trump-threatens-to-slam-100-tariffs-on-digital-tax-imposers-global-trade-tensions-soar/ The Khyber Pakhtunkhwa Culture and Tourism Authority (KPCTA) reported impressive numbers. This reflects growing interest in the province’s natural attractions during the summer season. Record Influx in Key Destinations Naran-Kaghan attracted 109,292 domestic tourists and 30 foreign visitors. It led the daily tally across the province. Overall, KP recorded 231,786 domestic tourists and 41 foreign visitors in one day. Swat Valley followed with 57,704 domestic tourists. Galiyat welcomed 48,472 domestic visitors. Kumrat Valley saw 15,900, while other spots like Kalash Valley and Booni/Mastuj also drew crowds. Economic Boost for Local Communities Tourism data was collected through police check posts, Levies, Tourist Police, and local administration. This ensures accurate monitoring of visitor movements. The surge brings opportunities for hotels, transport, and local businesses. It supports jobs in hospitality and related sectors across these valleys. Improved infrastructure and better promotion appear to be paying off. KP continues to position itself as a premier domestic tourism hub. Challenges and Future Prospects High visitor numbers test local capacity. Authorities must manage traffic, waste, and environmental impact to sustain growth. Foreign arrivals remain modest but show potential. Enhanced connectivity and facilities could attract more international tourists. For Pakistan’s economy, domestic tourism reduces reliance on other sectors. It circulates money within the country and aids regional development. Stakeholders call for continued investment. Sustainable practices will ensure these scenic spots remain attractive for years to come. This positive trend highlights KP’s rich tourism potential. Summer season momentum could set new records if managed well.

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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