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HDIP Restructuring Plan Ordered to Strengthen Governance and Energy Sector Role
Pakistan

HDIP Restructuring Plan Ordered to Strengthen Governance and Energy Sector Role

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The federal government has directed the Hydrocarbon Development Institute of Pakistan (HDIP) and the Directorate General of Petroleum Concessions (DGPC) to prepare a comprehensive restructuring plan within two weeks, aiming to enhance governance, operational efficiency, and the institute’s contribution to Pakistan’s energy sector. The directive was issued by Ali Pervaiz Malik during a visit to HDIP headquarters and laboratory facilities, where he reviewed the institute’s operational performance, technical capabilities, and testing services. Minister Reviews HDIP Operations During the visit, the petroleum minister held detailed discussions with HDIP management regarding the institute’s current functions, laboratory infrastructure, and its role in supporting Pakistan’s petroleum and energy sectors. Officials briefed the minister on HDIP’s technical services, testing procedures, and ongoing initiatives aimed at improving industry standards and regulatory compliance. The review focused on identifying areas where institutional reforms could enhance efficiency and strengthen HDIP’s role in supporting national energy objectives. Two-Week Deadline for Restructuring Plan Ali Pervaiz Malik instructed HDIP and DGPC to jointly develop and submit a detailed restructuring proposal within two weeks. According to the minister, the plan should outline practical measures to improve governance structures, streamline operations, and increase institutional effectiveness. The proposed reforms are expected to help modernize the institute and ensure it can effectively support the evolving needs of Pakistan’s energy sector. Focus on Governance and Leadership Appointments A key component of the restructuring exercise will be strengthening HDIP’s governance framework. The minister emphasized the need to fill important leadership and oversight positions, including vacancies within the Board of Governors and senior executive management. He noted that strong leadership and a transparent governance structure are essential for ensuring accountability, improving decision-making, and enhancing institutional performance. The government believes that addressing governance gaps will enable HDIP to operate more efficiently and fulfill its strategic responsibilities more effectively. International Partnerships Encouraged Ali Pervaiz Malik also directed HDIP to actively pursue collaboration with leading international institutions, laboratories, and technical organizations. The objective is to adopt global best practices and improve the credibility of Pakistan’s hydrocarbon testing, certification, and quality assurance systems. By establishing partnerships with internationally recognized organizations, HDIP can strengthen its technical capabilities and ensure its standards align with global industry requirements. Such collaborations could also enhance confidence among investors and stakeholders operating in Pakistan’s energy sector. Strengthening Pakistan’s Hydrocarbon Data Systems The minister highlighted the importance of developing a stronger and more reliable hydrocarbon information base. He stated that accurate and comprehensive energy data plays a critical role in informed policymaking and long-term planning. According to Ali Pervaiz Malik, credible information on hydrocarbon resources, production trends, and market conditions is essential for attracting both domestic and foreign investment. A robust data framework can also help policymakers make evidence-based decisions regarding energy exploration, production, and resource management. Supporting Investment and Energy Security The restructuring initiative forms part of the government’s broader agenda to modernize key institutions within Pakistan’s energy sector. Officials believe that stronger governance, improved technical capacity, and enhanced transparency can create a more attractive environment for investors. The government is seeking to increase private-sector participation in energy projects while ensuring regulatory institutions remain effective and credible. Government Reaffirms Reform Agenda The petroleum minister reiterated the government’s commitment to institutional reforms designed to strengthen Pakistan’s energy sector and improve long-term energy security. He said modern, efficient, and accountable institutions are essential for meeting the country’s growing energy needs and supporting sustainable economic development. The upcoming restructuring plan is expected to serve as a roadmap for enhancing HDIP’s role as a key technical and regulatory institution within Pakistan’s hydrocarbon industry. With a two-week deadline now in place, HDIP and DGPC are expected to present recommendations that will help improve governance standards, strengthen technical capabilities, and support future investment in Pakistan’s energy sector.

Oil Companies Oppose Fuel Price Cuts, Warn Government of Financial Crisis
Pakistan

Oil Companies Oppose Fuel Price Cuts, Warn Government of Financial Crisis

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Oil marketing companies (OMCs) and refineries have expressed serious concerns over recent government decisions to reduce fuel prices, warning that continued price cuts without meaningful consultation could push the industry into a financial crisis and threaten Pakistan’s fuel supply chain. In an emergency letter sent to the government, the Oil Companies Advisory Council (OCAC) urged authorities to refrain from making unilateral decisions on petroleum pricing and called for a transparent consultation process involving all stakeholders before any future price adjustments. Oil Industry Faces Mounting Financial Pressure According to OCAC, recent petroleum pricing decisions have significantly affected the financial health of oil marketing companies and refineries. The council claimed that a new pricing formula has already caused losses of approximately Rs104 billion to OMCs and refineries. These losses have negatively impacted working capital, cash flows, and overall financial stability across the sector. OCAC warned that if the current pricing policy continues, smaller and financially weaker companies could face bankruptcy, creating wider disruptions in the energy sector. Concerns Over Fuel Supply Chain The council cautioned that increasing financial pressure on the industry could eventually affect the country’s fuel supply chain. Oil marketing companies and refineries invest heavily in fuel imports, storage, transportation, and distribution. OCAC argued that continued financial strain may reduce the industry’s ability to maintain uninterrupted fuel supplies nationwide. The council stressed that any disruption in fuel availability could have serious consequences for Pakistan’s economy, transportation sector, and industrial operations. Industry Rejects Burden of Public Relief Measures OCAC stated that while providing relief to consumers is an important government objective, placing the entire financial burden on the oil industry is unfair and unsustainable. The council argued that recent price reductions have effectively transferred the cost of consumer relief to oil companies and refineries, despite rising operational and financing expenses. According to OCAC, a balanced pricing mechanism is needed to protect consumers while also ensuring the long-term viability of the energy sector. OMC Margins Await Revision The advisory council also highlighted that profit margins for oil marketing companies have remained under review for nearly two and a half years. During this period, operating expenses, import costs, financial charges, and other business costs have increased substantially, while margins have not been adjusted accordingly. OCAC maintained that the current margin structure no longer reflects market realities and is contributing to the industry’s financial difficulties. Unpaid Dues Add to Financial Stress Another major concern raised by the council is the non-payment of outstanding dues. According to OCAC, around Rs66.7 billion in receivables remain unpaid, further increasing financial pressure on oil companies. The council warned that delays in payments could worsen liquidity challenges and limit the industry’s ability to invest in infrastructure and maintain efficient operations. Industry Highlights Support for National Priorities Despite financial difficulties, OCAC said the industry has continued to support national priorities and ensure uninterrupted fuel availability across the country. The council noted that refineries supplied fuel to Pakistan’s armed forces and Hajj flights at previous prices in the national interest, even when doing so increased their financial burden. Similarly, oil marketing companies continued supplying fuel across Pakistan, including remote regions, despite rising operational costs. Call for Immediate Meeting With Petroleum Minister Given the seriousness of the situation, OCAC has requested an urgent meeting with the Petroleum Minister. The council is seeking a fair and sustainable pricing framework developed through consultation among the government, regulators, refineries, and oil marketing companies. OCAC warned that if industry concerns are not addressed, the financial challenges facing the sector could deepen, potentially affecting Pakistan’s energy security and the reliable supply of petroleum products in the future.

National Assembly Approves Rs17.9 Trillion Supplementary Grants and Federal Expenditure
Pakistan

National Assembly Approves Rs17.9 Trillion Supplementary Grants and Federal Expenditure

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The National Assembly on Wednesday approved a total federal charged expenditure of Rs17.901 trillion under 74 demands for regular and technical supplementary grants for the financial years 2024-25 and 2025-26. The approval came during proceedings in the Lower House of Parliament after the government presented several supplementary grant demands to meet additional financial requirements. The House also approved a separate grant of Rs4.125 billion to cover excess expenditure incurred by the Pakistan Post Office Department during the financial year 2016-17. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presented the regular and technical supplementary grants before the National Assembly. Members approved the demands through a majority voice vote. National Assembly Approves Supplementary Grants The approved package includes substantial allocations aimed at debt servicing, election-related expenses, constitutional institutions, and operational requirements of various government departments. The House approved supplementary grant demands amounting to Rs12.65 trillion for the financial year 2025-26. A major portion of this allocation was designated for the repayment of domestic debt, reflecting the government’s focus on managing financial obligations and maintaining fiscal stability. Among the approved demands for FY2025-26 were: Repayment of domestic debt: Rs12.643 trillionElection expenses: Rs455.984 millionFederal Constitutional Court of Pakistan: Rs2.25 billion The allocations highlight the government’s commitment to addressing debt-related liabilities while ensuring funding for constitutional and electoral institutions. Rs2.64 Trillion Supplementary Grants Approved for FY2024-25 The National Assembly also approved supplementary grant demands totaling Rs2.644 trillion for the financial year 2024-25. These allocations included funding for the Presidency, audit functions, foreign credit repayments, and domestic debt obligations. The approved grants comprised: Staff Household and Allowances of the President (Personal): Rs208 millionRepayment of short-term foreign credits: Rs40.350 billionAudit expenditures: Rs63 millionRepayment of domestic debt: Rs2.604 trillion The figures indicate that debt repayments continue to consume a significant share of federal expenditures, underscoring the fiscal challenges facing the government. Excess Expenditure of Rs2.088 Trillion Also Cleared In addition to supplementary grants, the House approved charged excess expenditure totaling Rs2.088 trillion for FY2024-25. The approved excess expenditures covered pensions, debt servicing, foreign loan repayments, and allocations for the Federal Tax Ombudsman. The breakdown included: Superannuation allowances and pensions: Rs662.850 millionForeign loans repayment: Rs1.548 billionRepayment of short-term foreign credits: Rs32.810 millionServicing of domestic debt: Rs169.322 billionRepayment of domestic debt: Rs1.916 trillionFederal Tax Ombudsman: Rs81.522 million The approval reflects the government’s effort to regularize expenditures that exceeded previously sanctioned allocations during the fiscal year. Key Allocations for Government Divisions The National Assembly also approved 35 supplementary grant demands for FY2025-26, covering a wide range of ministries, divisions, and national institutions. Several strategic sectors received significant funding to support operational requirements and development initiatives. Among the major allocations were: National Disaster Management Authority (NDMA): Rs4 billionCommerce Division: Rs7.5 billionDefence Division: Rs4.25 billionDefence Services: Rs33.968 billionPower Division: Rs105.5 billionFederal Education and Professional Training Division: Rs57.19 billionGrants, subsidies and miscellaneous expenditure: Rs127.411 billionHousing and Works Division: Rs5 billionInformation and Broadcasting Division: Rs1.47 billion The allocations are expected to support government operations, infrastructure maintenance, education programs, energy sector obligations, and disaster management preparedness. Funding Approved for Cabinet and National Security Institutions The House also approved supplementary allocations for several key institutions involved in governance, national security, climate policy, and investment facilitation. The approved amounts included: Cabinet Division: Rs967.5 millionNational Security Division: Rs250 millionSpecial Investment Facilitation Council (SIFC) Division: Rs76.239 millionClimate Change and Environmental Coordination Division: Rs150 millionPetroleum Division: Rs13.1 millionOther expenditure of the Finance Division: Rs112.118 millionMiscellaneous expenditure of the Information and Broadcasting Division: Rs13.83 billion These allocations are intended to strengthen institutional capacity and ensure the uninterrupted functioning of critical government departments. Debt Repayments Remain Largest Component A review of the approved supplementary grants shows that debt-related expenditures accounted for the overwhelming majority of the allocations approved by the National Assembly. Repayment and servicing of domestic debt alone represented several trillion rupees across both fiscal years, demonstrating the continuing pressure of debt obligations on Pakistan’s public finances. The approval of these expenditures forms part of the government’s broader fiscal management strategy as it seeks to balance operational requirements, debt commitments, and public sector funding needs during the upcoming financial years. With the passage of the supplementary grants and excess expenditure demands, the government now has parliamentary authorization to utilize the approved funds for debt repayments, institutional operations, and strategic national priorities during FY2024-25 and FY2025-26.

Pakistan Moves to License Mobile Virtual Operators: PTA Invites Applications
Pakistan

Pakistan Moves to License Mobile Virtual Operators: PTA Invites Applications

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Islamabad: The Pakistan Telecommunication Authority (PTA) has officially opened applications for Mobile Virtual Network Operator (MVNO) licenses following the Federal Cabinet’s approval of the MVNO Policy Framework. Read More: https://theboardroompk.com/devastating-twin-earthquakes-strike-venezuela-toll-mounts/ This move aims to boost competition, innovation, and service diversity in Pakistan’s telecom sector without requiring new spectrum ownership. Lower Entry Barriers for New Players The licensing process significantly reduces financial hurdles compared to earlier proposals. The initial license fee is set at USD 140,000, payable upfront, making it accessible for smaller entities and brands. 15-Year License Tenure Successful applicants will receive licenses valid for 15 years, providing long-term regulatory certainty. MVNOs can offer mobile services under their own brands through commercial agreements with existing licensed Mobile Network Operators (MNOs) such as Jazz, Telenor, Zong, and Ufone. MVNOs do not hold frequency spectrum but will leverage MNO infrastructure to deliver voice, data, and next-generation services nationwide, excluding Azad Jammu & Kashmir and Gilgit-Baltistan in some scopes. This model allows focus on customer-centric offerings, niche segments, and innovative pricing. Industry experts anticipate greater consumer choice, potentially lower tariffs, and tailored services for youth, enterprises, or underserved areas. Existing players like ONIC (by Ufone) and ROX (by Jazz) demonstrate early digital-first models with app-based experiences and doorstep delivery. The policy aligns with broader digital Pakistan goals, including 5G rollout preparations and increased FDI in telecom. Detailed eligibility, application procedures, and obligations are available in the MVNO License Template on the PTA website. Applications are now open. Interested entities must submit required documents per the checklist and template. This development is expected to expand the telecom ecosystem, drive digital inclusion, and stimulate economic activity through enhanced connectivity.

Pakistan earned $1.15 billion from foreign tourists in 2024, Pakistani outbound tourists spent an estimated $2.4 billion abroad, FPCCI
Pakistan

Pakistan Earned $1.15 Billion From Foreign Tourists In 2024, Pakistani Outbound Tourists Spent An Estimated $2.4 Billion Abroad, FPCCI

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Karachi: The Policy Advisory Board of the Federation of Pakistan Chambers of Commerce & Industry (PAB-FPCCI) today released a pivotal new study titled, “Mapping Pakistan’s Tourism Potential: A Comprehensive Export Analysis.” The research explores the immense opportunities the tourism sector offers as a driver of exports, economic growth, and employment generation – while identifying the structural challenges currently constraining its international competitiveness. Despite Pakistan’s extraordinary natural beauty, rich cultural heritage, religious landmarks, and adventure tourism potential, the sector requires strategic intervention to fully capitalize on its global appeal. The comprehensive study by PAB-FPCCI, built on primary data from 213 stakeholders – including tourists, tour operators, the hospitality sector, and government representatives – underscores the strategic economic importance of the Travel and Tourism (T&T) sector. Key economic indicators highlighted in the report include; GDP and employment as tourism currently contributes approximately 5.9% to Pakistan’s GDP and supports 4.7 million jobs. Whereas, export earnings contribution of the sector in 2024 was USD 1.15 billion as tourism export earnings. Additionally, trade share of tourism exports accounted for 2.9% of Pakistan’s total exports and 14% of its services exports in 2024. PAB-FPCCI has mapped Pakistan’s tourism demand across eight major categories: Adventure (45%), Religious (22%), Historical (11%), Business (6%), Education (6%), Sports (5%), Dark (3%), and Cruise (2%). The FPCCI report identifies a substantial imbalance between inbound and outbound tourism spending. While Pakistan earned USD 1.15 billion from foreign tourists in 2024, Pakistani outbound tourists spent an estimated USD 2.4 billion abroad.Spending behaviors further illustrate the economic potential of attracting international visitors. Foreign tourists spend an average of USD 12.5 per day, with a typical four-to-five-day trip injecting between USD 1,500 and USD 1,750 into the local economy. In contrast, domestic tourists spend an average of USD 8.5 per day, totaling approximately USD 500 per trip. To bridge this gap and boost foreign inflows, the study isolates critical barriers stifling industry growth as Demand-Side Constraints which refer to inadequate road infrastructure, limited basic amenities, weak digital connectivity, and ongoing safety and security concerns. Whereas, Supply-Side Bottlenecks include unplanned construction, visa complexities, poor international marketing and branding, inconsistent government policies, and severe regulatory hurdles – most notably the requirement of No-Objection Certificates (NOCs) for foreign tourists. To unlock new avenues for tourism-driven economic growth and improve Pakistan’s standing on the global Travel and Tourism Development Index (TTDI), the FPCCI Policy Advisory Board recommends the immediate implementation of targeted strategies as Regulatory Reforms to simplify visa procedures and ease NOC requirements for foreign visitors. PAB-FPCCI emphasized digital integration to introduce digital governance systems for surveillance and complaint management, and aggressively promote digital payment infrastructure across tourist hubs. Infrastructure Development stressed to invest in climate-resilient infrastructure and expand roadside facilities to ensure safety and convenience. Whereas, Quality Control mechanism is required to standardize and improve food quality, hygiene, and robust waste management systems in tourist zones. The effective implementation of these measures is essential for Pakistan to transition from a domestic-heavy tourism market to a competitive global destination, ultimately driving substantial export revenue and economic stability.

PM Committee Proposes Major Changes to Telecom Bill After Public Backlash
Pakistan

PM Committee Proposes Major Changes to Telecom Bill After Public Backlash

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A committee formed by Prime Minister Shehbaz Sharif has proposed significant amendments to the controversial Telecom Reorganization Amendment Bill following widespread public criticism. The recommendations seek to address concerns related to privacy, private property rights, and public interest while ensuring the continued development of Pakistan’s telecommunications infrastructure. Committee Reviews Controversial Provisions The committee was established after concerns emerged from citizens, industry stakeholders, and social media users regarding several provisions of the proposed legislation. According to sources, the panel has already held two meetings to review the bill and identify clauses that require changes. The committee recommended amendments to several controversial sections of the draft law. These changes aim to provide clearer legal definitions and remove ambiguities that had triggered concerns about citizens’ rights and government powers. Officials familiar with the discussions said the revised proposals focus on making the legislation more balanced and acceptable to all stakeholders, including the public, government institutions, and telecom operators. Stronger Protection for Private Property One of the most significant recommendations concerns the use of private property for telecom infrastructure projects. The committee proposed that telecom companies should only be allowed to install infrastructure on private land after obtaining the explicit consent of the property owner. The recommendation addresses one of the key objections raised by critics of the bill, who argued that the original provisions could weaken property rights and grant excessive authority for infrastructure deployment. Under the proposed amendments, property owners would retain greater control over the use of their land for telecommunications projects. Compensation Through Mutual Agreement The committee has also proposed a mechanism for determining compensation when telecom infrastructure is installed on private property. According to the recommendation, compensation should be decided through mutual agreement between the property owner and the telecom company. This approach aims to ensure fairness for both parties and reduce the likelihood of disputes. Stakeholders had previously expressed concerns that the original draft lacked sufficient safeguards regarding compensation and property usage. The proposed changes seek to address those concerns by introducing a more transparent framework. Review of Fiberization and Infrastructure Clauses The committee further recommended a review of provisions related to fiberization and the installation of other telecommunications infrastructure on private land. Fiberization remains a critical component of Pakistan’s digital transformation strategy, as it supports faster internet speeds, improved connectivity, and the expansion of broadband services across the country. However, committee members believe that infrastructure expansion should not come at the expense of citizens’ property rights. As a result, they have proposed revisiting these clauses to strike a balance between telecom sector growth and legal protections for property owners. Compensation for Government Land Use In addition to private property concerns, the committee also discussed telecom towers installed on government-owned land. The panel recommended that the government should receive appropriate compensation whenever public land is used for telecom infrastructure projects. At the same time, the recommendations emphasize the need to safeguard the state’s financial interests. Officials believe this approach could help create a fair and transparent system for managing telecom installations on government property while ensuring that public assets generate reasonable returns. Balancing Interests of All Stakeholders Sources said the revised draft has been prepared with the interests of the public, government, and telecommunications industry in mind. The objective is to create a framework that supports the expansion of digital infrastructure while protecting citizens’ privacy and property rights. Policymakers also hope the amendments will reduce resistance to the bill and encourage broader acceptance among stakeholders. The telecommunications sector plays a crucial role in Pakistan’s digital economy, and industry experts have stressed the importance of creating regulations that facilitate investment while maintaining public trust. Final Review Before Submission to Prime Minister The committee includes Minister for Information Technology and Telecommunication Shaza Fatima Khawaja and other senior members. It will review the amended draft prepared by the Ministry of IT and Telecom before finalizing its recommendations. Once the review process is complete, the committee will submit its report to Prime Minister Shehbaz Sharif for consideration. The Telecom Reorganization Bill has remained the subject of intense debate in recent weeks, particularly on social media, where users raised concerns about privacy, surveillance, and property rights. The criticism prompted the government to order a fresh review of the legislation and seek broader consensus before moving forward.

Export Facilitation Scheme Set for Reforms After High-Level FBR-APTMA Talks
Pakistan

Export Facilitation Scheme Set for Reforms After High-Level FBR-APTMA Talks

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The Federal Board of Revenue (FBR) has assured textile exporters that it will accelerate the processing of export consignments, expedite duty drawback payments, and address procedural hurdles under the Export Facilitation Scheme (EFS) following a high-level meeting with industry representatives in Lahore. The commitment came during a meeting between an FBR special committee and members of the All Pakistan Textile Mills Association (APTMA) at the association’s Lahore office, where exporters highlighted a series of operational and regulatory challenges affecting export activities. The discussions focused on improving the effectiveness of the Export Facilitation Scheme, a key initiative aimed at supporting Pakistan’s export-oriented industries by simplifying customs procedures and facilitating access to imported inputs. Senior FBR Officials Meet Textile Exporters The FBR committee comprised Chief Collector Exports Mohsin Rafiq, Chief Collector Customs Lahore Naveed Elahi, and Collector Customs Lahore Salman Afzal. The delegation was welcomed by APTMA Chairman Kamran Arshad, Secretary General Raza Baqir, and senior representatives from major textile groups including Comfort Knitwear, Eastern Group, Nagina Group, and Resham Textile. A large number of textile exporters also attended the meeting and shared their concerns regarding delays, procedural inefficiencies, and implementation issues under the Export Facilitation Scheme. The session provided an opportunity for direct engagement between customs authorities and exporters, allowing both sides to discuss practical solutions for improving the scheme’s performance. FBR Launches Review of Export Facilitation Scheme Chief Collector Exports Mohsin Rafiq informed participants that the FBR has deployed senior officers to engage directly with exporters’ associations across the country. According to him, the purpose of this initiative is to identify procedural and systemic shortcomings in the Export Facilitation Scheme and recommend legislative as well as administrative reforms where necessary. He emphasized that exporter feedback will play a crucial role in improving the scheme and urged APTMA members to formally submit all outstanding issues to the committee for detailed review and resolution. The move reflects the tax authority’s efforts to strengthen communication with the export sector and ensure that the scheme continues to support industrial growth and export competitiveness. Online Renewals to Be Processed Within 24 Hours One of the key announcements made during the meeting came from Chief Collector Customs Lahore Naveed Elahi. He revealed that authorization renewals under the Export Facilitation Scheme will now be processed online and completed within 24 hours after the submission of the required documents. The decision is expected to significantly reduce delays that exporters have repeatedly identified as a major operational challenge. Elahi also disclosed that the customs department is considering introducing an auto-renewal mechanism based on exporters’ historical performance. According to officials, the proposed system is currently under review and may be launched in the near future. If implemented, it could further streamline administrative processes and reduce the compliance burden on exporters. Customs Officials Acknowledge Exporters’ Concerns During the meeting, customs officials acknowledged that many of the concerns raised by APTMA members were genuine. Officials assured participants that efforts would be made to address these issues as quickly as possible and improve the overall efficiency of the Export Facilitation Scheme. The acknowledgment was welcomed by exporters, who have long called for greater responsiveness from regulatory authorities regarding operational challenges affecting export performance. Industry representatives stressed that timely resolution of these issues is essential for maintaining Pakistan’s competitiveness in international markets. APTMA Highlights Delays and Administrative Challenges APTMA Chairman Kamran Arshad presented a detailed overview of the industry’s concerns regarding the implementation of the Export Facilitation Scheme. Among the key issues highlighted were unusually long delays in EFS authorization renewals and what exporters described as the unlawful referral of cases to the Input Output Coefficient Organization (IOCO) for capacity redetermination. Arshad also pointed to difficulties faced by indirect exporters when attempting to offload goods manufactured under the EFS framework. According to exporters, these procedural obstacles have increased compliance costs and created uncertainty for businesses operating within the export supply chain. Long-Pending Audits and Financial Delays Raise Concerns The textile industry also raised concerns about delays related to long-pending audits and the release of post-dated cheques and bank guarantees. Exporters argued that these delays negatively impact cash flow and create unnecessary administrative burdens for businesses already facing intense competition in international markets. In addition, APTMA highlighted a substantial backlog of Customs Reconciliation Forms (CRFs) pending with the Customs Automation Department. Industry representatives urged authorities to clear the backlog as soon as possible to improve operational efficiency and reduce processing times. Call to End Parallel Manual System A major concern raised during the meeting involved the continued operation of a parallel manual system despite the existence of a fully automated Export Facilitation Scheme platform. Kamran Arshad argued that maintaining both systems simultaneously creates duplication, confusion, and inefficiencies. He urged customs authorities to discontinue the manual process immediately and rely entirely on the automated platform to ensure transparency, consistency, and faster service delivery. Exporters believe that full digitization will reduce administrative delays and help improve compliance management across the sector. Industry Seeks Fair Application of Tax and Valuation Rules APTMA also expressed concerns regarding the application of taxes, duties, and valuation rulings under the scheme. According to Arshad, taxes and duties continue to be reflected at statutory rates instead of effective rates despite specific rulings issued by the FBR. He further claimed that valuation rulings are being applied to Export Facilitation Scheme and export transactions in a manner that exporters consider inconsistent with existing regulations. To address these concerns, APTMA proposed that Input-Output Ratios and analysis certificates should be issued automatically based on previously approved ratios and existing FBR Textile Notes. The association argued that this measure would reduce paperwork, improve efficiency, and facilitate smoother export operations. Export Sector Awaits Implementation of Reforms The meeting concluded with assurances from FBR officials that the concerns raised by exporters would be reviewed and addressed through both administrative action and potential policy reforms. With textiles remaining Pakistan’s largest export sector, industry stakeholders hope that improvements to the Export Facilitation Scheme will reduce compliance burdens, speed up export processes,

OPPO Pakistan and Ufone/PTCL Group Enter Partnership to Provide 5G-Ready Devices and Strengthen Nationwide Collaboration
Pakistan

OPPO Pakistan and Ufone/PTCL Group Enter Partnership to Provide 5G-Ready Devices and Strengthen Nationwide Collaboration

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Karachi, June 24, 2026: OPPO Pakistan and Ufone/PTCL Group have officially formalized a Strategic Partnership Agreement through a signing ceremony, marking a significant milestone in their shared vision to elevate customer experiences, accelerate 5G adoption, and reshape how cutting-edge technology and next-generation connectivity come together across Pakistan. The agreement brings together two of Pakistan’s most forward-looking organizations at the intersection of innovation and connectivity. As Pakistan enters the 5G era, this partnership is strategically positioned to accelerate the rollout of 5G-ready smartphones and services, setting the stage for a dynamic collaboration that strengthens consumer engagement and unlocks new opportunities across the country’s rapidly evolving digital ecosystem. Under this landmark partnership, OPPO Pakistan and Ufone/PTCL Group will collaborate across multiple strategic areas, including 5G device distribution, co-branded 5G bundles pairing OPPO’s latest 5G-enabled handsets with Ufone’s high-speed network plans, a dedicated Media & Communications Platform, Shop-in-Shop setups, Dedicated 5G Experience Zones, joint promotional campaigns, and seasonal and occasion-based activations. Together, these initiatives will create a more connected, immersive, and accessible retail and brand experience for consumers nationwide, while placing 5G technology directly in the hands of everyday Pakistanis. Senior representatives from both organizations attended the signing ceremony, underscoring the partnership as a defining step in Pakistan’s journey toward a fully connected, 5G-powered future. By combining OPPO’s globally acclaimed smartphone technology — including its expanding portfolio of 5G-enabled devices- with Ufone/PTCL Group’s extensive nationwide network infrastructure and retail strength, the partnership is poised to deliver stronger reach, deeper consumer engagement, and unmatched value at every touchpoint. This collaboration reflects a shared commitment to innovation, 5G-driven growth, and building a stronger digital ecosystem across Pakistan. As the partnership moves forward, it establishes a robust foundation for a series of impactful, technology-first initiatives designed to make next-generation connectivity accessible to consumers in every corner of the country. The Strategic Partnership Agreement also underscores a broader, forward-looking vision of cross-industry collaboration, paving the way for future opportunities that blend 5G technology, advanced connectivity, and immersive consumer experiences into one unified ecosystem. Together, OPPO Pakistan and Ufone/PTCL Group are laying the groundwork for a digitally empowered Pakistan, one where 5G is not just a network upgrade, but a catalyst for transformation in how people live, connect, and thrive.

Daraz Pakistan and UnionPay announce strategic partnership to accelerate digital commerce in Pakistan
Pakistan

Daraz Pakistan and UnionPay Announce Strategic Partnership To Accelerate Digital Commerce in Pakistan

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Daraz Pakistan and UnionPay announce strategic partnership to accelerate digital commerce in Pakistan Year-long collaboration will introduce exclusive savings for UnionPay cardholders and support the shift from cash on delivery to prepaid digital payments [Karachi, June 24, 2026]: Daraz Pakistan and UnionPay have announced a strategic year-long partnership for 2026-2027, aimed at driving digital payment adoption, customer acquisition, and e-commerce growth across Pakistan. Through this collaboration, UnionPay cardholders will be able to access exclusive savings and customer-focused offers on Daraz, Pakistan’s largest e-commerce platform. The partnership is designed to encourage greater everyday usage of digital payment solutions by offering customers a more rewarding, secure, and convenient shopping experience across categories. As part of the partnership, Daraz will be adding UnionPay as a payment option and provide UnionPay with access to millions of digitally active consumers nationwide, creating opportunities to acquire new users, re-engage existing customers, and strengthen repeat transactions through targeted offers and seamless payment experiences. The collaboration also supports a shared objective of accelerating Pakistan’s transition from Cash on Delivery to prepaid digital transactions. By incentivizing customers to pay through UnionPay debit and credit cards, both organizations aim to contribute to a more digitally enabled commerce ecosystem that benefits consumers, merchants, and the wider payments landscape. Speaking at the signing ceremony, a spokesperson for Daraz Pakistan, said: “At Daraz, we are focused on making e-commerce more accessible, convenient, and rewarding for customers across Pakistan. Our partnership with UnionPay is an important step in encouraging more customers to experience the ease and security of digital payments. By combining Daraz’s national reach with UnionPay’s payment network, we hope to make prepaid transactions more attractive and support the continued growth of Pakistan’s digital economy.” A spokesperson for UnionPay said: “Pakistan is an important market for digital payments, and our partnership with Daraz allows us to connect with a large and rapidly growing base of online consumers. Through exclusive offers and repeat engagement benefits, we aim to create stronger value for UnionPay cardholders while supporting the broader adoption of secure and convenient digital payment solutions.” Exclusive offers under the partnership will include: Mega Campaign Day Offers: 15% instant discount on up to two transactions per day, capped at PKR 1,200, with a minimum order value of PKR 500. New User Acquisition Offer: 20% discount for first-time customers, capped at PKR 1,500, with a minimum order value of PKR 1,000. Weekly “Deals & Steals with UnionPay”: 12% discounts every Sunday, Monday, and Tuesday, capped at PKR 1,100, with a minimum order value of PKR 500. The offers will be available nationwide, allowing UnionPay cardholders across Pakistan to access enhanced savings on Daraz Pakistan throughout the partnership period. The partnership was formally announced at a signing ceremony attended by senior leadership from Daraz Pakistan and UnionPay. The collaboration marks the beginning of a long-term effort to strengthen digital payment adoption, improve customer engagement, and support the future of digital commerce in Pakistan. About Daraz Group Daraz is the leading e-commerce platform in Pakistan, Bangladesh, Sri Lanka, and Nepal. It empowers sellers and consumers with cutting-edge marketplace technology, targeting a rapidly growing region of 500 million people. By building an integrated infrastructure covering e-commerce, logistics, payment and financial services, the company aims to deliver an immersive, personalized shopping experience and uplift South Asian communities through the power of commerce.For more information, please visit www.daraz.com or follow Daraz on LinkedIn for regular corporate updates. Media Contactambar.ahmed@daraz.pk

FIFA World Cup 2026 Ball Made in Pakistan: Sialkot Once Again Takes Center Stage
Pakistan

FIFA World Cup 2026 Ball Made in Pakistan: Sialkot Once Again Takes Center Stage

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Pakistan’s city of Sialkot has once again earned global recognition after producing the official match ball for the FIFA World Cup 2026. The ball, named Adidas Trionda, will be used by some of the world’s biggest football stars during the tournament in the United States, Canada, and Mexico. The selection of a Pakistan-made football for the world’s most prestigious sporting event highlights the country’s unmatched expertise in sports goods manufacturing. It also reinforces Sialkot’s reputation as one of the leading football production hubs in the world. Sialkot’s Legacy in Football Manufacturing For decades, Sialkot has supplied footballs to major international tournaments and sports brands. The city’s skilled workforce, advanced manufacturing facilities, and commitment to quality have made it a preferred destination for global sports companies. The official FIFA World Cup 2026 ball has been manufactured by Forward Sports, one of Pakistan’s most renowned sports goods manufacturers. The company has a long history of producing footballs for international competitions and has consistently met the demanding quality standards required by FIFA and Adidas. Industry experts say Sialkot’s success is not based solely on low production costs. Instead, it stems from decades of technical expertise, innovation, and a highly trained workforce capable of producing footballs that meet the highest international standards. Adidas Trionda: More Than Just a Football The Adidas Trionda is not an ordinary football. It represents years of research, engineering, and technological innovation aimed at improving performance on the field. Designed specifically for football’s biggest tournament, the ball combines advanced materials with cutting-edge manufacturing techniques. Every aspect of its construction has been carefully engineered to ensure consistency, durability, and precision during matches. The ball’s performance characteristics are designed to help players maintain better control while ensuring predictable movement in the air. This consistency is crucial in a tournament where even the smallest detail can influence the outcome of a match. Advanced Thermo-Bonded Technology One of the most significant features of the Adidas Trionda is its thermo-bonded construction. Unlike traditional footballs that rely on stitching, the Trionda is assembled using heat-bonding technology. This process eliminates visible seams and creates a smoother, more uniform surface. The absence of stitching provides several advantages. Most importantly, the ball absorbs less water during wet weather conditions. As a result, its weight remains stable even when matches are played in rain. The technology also enhances durability and helps maintain the ball’s shape throughout intense competition. Players benefit from a more predictable playing experience, while organizers gain confidence that the ball will perform consistently under different weather conditions. Precision Engineering and Perfect Shape Modern footballs must meet extremely strict standards regarding size, weight, and shape. Even minor imperfections can affect how a ball travels through the air. To achieve this level of precision, manufacturers use advanced computer-guided systems during production. These systems ensure that every panel is positioned accurately and that the ball maintains near-perfect symmetry. The result is a football that delivers consistent flight characteristics. Rather than moving unpredictably, the ball responds more accurately to players’ kicks, helping maintain fairness and consistency during matches. Such precision engineering has become a defining feature of modern football manufacturing and demonstrates the technological capabilities available in Pakistan’s sports goods sector. Connected Ball Technology Enhances Decision-Making The Adidas Trionda also incorporates advanced connected ball technology. A small sensor integrated into the ball provides real-time data during matches. This information can assist match officials in making important decisions, including offside calls and player touch analysis. The technology works alongside other systems used in modern football stadiums, creating a more accurate and transparent decision-making process. FIFA has increasingly embraced technological innovations to improve officiating standards. The inclusion of connected ball technology in the World Cup 2026 match ball reflects the sport’s ongoing evolution and commitment to fairness. Premium Product with a Premium Price Tag The official FIFA World Cup 2026 ball is also attracting attention because of its price. Internationally, the Adidas Trionda is expected to retail for approximately $170 to $180. Based on current exchange rates, this translates to roughly Rs47,000 to Rs50,000 in Pakistan. While the price may seem high compared to standard footballs, experts note that official match balls incorporate advanced materials, sophisticated technology, and extensive testing procedures. The ball is designed not only for professional competition but also as a collector’s item for football enthusiasts around the world. A Boost for Pakistan’s Global Image The selection of a Pakistan-made football for the FIFA World Cup 2026 represents more than just a manufacturing achievement. It serves as an important reminder of Pakistan’s capabilities in high-quality industrial production. At a time when countries compete to secure positions in global supply chains, Sialkot continues to demonstrate that Pakistani manufacturers can deliver products that meet the requirements of the world’s largest brands and sporting organizations. The success of Forward Sports and the broader Sialkot sports industry also supports employment, exports, and economic activity across the region. As football fans eagerly await the FIFA World Cup 2026, millions will watch matches played with a ball proudly made in Pakistan. For Sialkot’s workers, engineers, and manufacturers, the Adidas Trionda stands as proof that Pakistani craftsmanship and innovation continue to perform on the world’s biggest stage.

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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