Pakistan

Islamabad – November 19, 2025: Corporate giving in Pakistan reached a record PKR 25.44 billion in 2023, according to the latest Corporate Philanthropy Report released by the Pakistan Centre for Philanthropy (PCP). The findings were unveiled at the Corporate Philanthropy Awards 2025, held at Serena Hotel, Islamabad, where Federal Minister for Finance & Revenue Muhammad Aurangzeb was the Chief Guest. Addressing the ceremony, the Muhammad Aurangzeb, Federal Minister for Finance & Revenue, praised the corporate sector for sustaining its social contributions despite economic instability, saying business leaders continue to play a “progressive and vital role” in national development. He noted, “Corporate philanthropy is no longer a peripheral activity; it has become a meaningful pillar of Pakistan’s development agenda. This generosity forms part of the moral economy of our country. Even in periods of fiscal pressure and shifting economic cycles, corporate giving has remained on an upward path, showing how responsibly the business community continues to support national progress. The award winners today are leading the way, and their contributions reflect a culture that values human development, social protection, and wider opportunity.” The minister further acknowledged the integrity of the Pakistan Centre for Philanthropy and its role in promoting a structured culture of giving nationwide. He encouraged organisations that donate quietly to share their contributions more openly, noting that visibility builds confidence across the ecosystem and reduces the need for directive measures when the corporate sector chooses to lead voluntarily. PCP shared that Public Listed Companies led donations with PKR 18.23bn, followed by Public Unlisted Companies (PKR 3.28bn) and Private Limited Companies (PKR 3.93bn). Companies listed on the KSE-100 index donated PKR 15.24bn, while KSE-30 firms gave PKR 8.80bn, reflecting strong alignment with national priorities. The Glass & Ceramics sector recorded the highest giving ratio, contributing 7.80% of total profits. A total of 18 leading companies were honored for high-volume donations and strong giving relative to profits. Award recipients included OGDCL, Mari Energies, Bank Alfalah, Yunus Textile Mills, Novatex, Fast Cables, Barrett Hodgson, U.S. Denim Mills, KSB Pumps, Unity Foods, Searle, Y.B. Pakistan, Ghani Ceramics, among others. The event also featured a panel discussion titled “Philanthropy Ecosystem in Pakistan: Opportunities and Challenges,” chaired by Badaruddin F. Vellani, with participation from Mehnaz Akbar Aziz, Ahmer Bilal Soofi, Asif Rasool, Dr. Faisal Sultan, and Zia Akhter Abbas. The panel examined policy gaps, taxation issues, and the need for stronger regulatory support to expand organized giving. Concluding the event, PCP Chairman Zaffar A. Khan reaffirmed the importance of corporate philanthropy in complementing public-sector development efforts, noting that the 20th edition of the survey reflects the private sector’s sustained commitment to social progress.

ISLAMABAD: Pakistan is all set to unveil its inaugural National Women Entrepreneurship Policy (WEP), a landmark framework designed to accelerate women’s economic empowerment through targeted financing, enhanced export opportunities, and expanded business support services.Announced by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan during Women’s Entrepreneurship Day celebrations organised by SMEDA and FPCCI, the policy places women at the heart of national economic development, as directed by Prime Minister Shehbaz Sharif.The policy sets ambitious targets: raising women’s employment in enterprises from 2% to 5%, increasing registered women exporters from 2,500 to achieve 50% representation, allocating 15% of the SME Fund and 5% of the Export Development Fund exclusively for women, expanding co-working spaces by 20%, and providing 100,000 women entrepreneurs with critical business information. It also aims to support 20% of BISP beneficiaries in disaster-prone areas.A flagship component is the AI-powered Women Entrepreneurship Portal, developed with UK’s FCDO, which will connect women to mentors, regulators, and support organisations. Backed by a $2.2 million ADB programme, initiatives include digital training via basic phones, multilingual content, and dedicated efforts to formalise informal women-led businesses.The policy further introduces green financing, export-readiness programmes, and a design cell at SMEDA in collaboration with top textile universities.

ISLAMABAD: Large-scale manufacturing (LSM) in Pakistan grew by a modest 4.1% during the first quarter (July-September) of FY2025-26, down from an initial 4.5% pace in the first two months, according to data released by the Pakistan Bureau of Statistics (PBS). Despite crossing the 4% mark, the LSM index stood at just 114.7 in September, still below the three-year-high of 132.5.An internal assessment by the Ministry of Industries has revealed that several key sectors face severe cost disadvantages ranging from 22% to 67% due to skewed economic policies, high energy prices, taxation, and regulatory burdens. The ceramic tiles and glass sectors suffer the highest handicap of over two-thirds, followed by steel (one-third) and paper & board (one-fourth). These distortions have caused the manufacturing sector’s contribution to GDP to shrink from 26% to 18% over the past three decades.The ministry has urged immediate policy corrections, including abolition of the super tax, gradual reduction of corporate tax from 29% to 26%, a 5% cut in interest rates, and market-driven exchange rate adjustments. It warned that without addressing structural high costs, tariff liberalization alone will deplete foreign exchange reserves and fail to boost competitiveness.Growth was mainly driven by food, tobacco, textile, and paper sectors, while overall industrial activity remains constrained by political uncertainty and anti-export biases.

Federal Minister for Climate Change and Environmental Coordination, Musadik Malik, highlighted Pakistan’s progress in forest revival and ecosystem restoration during a COP30 side event dedicated to the Upscaling Green Pakistan Programme (UGPP). Speaking through a recorded message, the minister noted that global climate conversations continue to focus on reducing greenhouse gas emissions and expanding natural systems that can effectively absorb carbon. He stressed that forests play a central role in both climate mitigation and adaptation, calling nature-based solutions essential to long-term global resilience. “Carbon sequestration requires factories that absorb carbon dioxide and release oxygen — and that factory is a tree,” he stated, underscoring the value of forest ecosystems in lowering carbon loads and strengthening environmental stability. The session, hosted by the Ministry of Climate Change, showcased Pakistan’s achievements in rehabilitating degraded landscapes, restoring ecological balance, and actively involving local communities in conservation initiatives. The UGPP has facilitated extensive plantation drives in previously barren areas while promoting stronger grassroots participation in protecting natural resources. Dr. Malik added that the programme has significantly improved climate awareness at the community level, encouraging citizens to safeguard forests and adopt more sustainable practices. He reaffirmed Pakistan’s dedication to global forest protection, saying the country stands committed to preserving its own forests as well as supporting global restoration efforts. A documentary produced by the ministry was also screened, featuring on-ground success stories and visible improvements in local ecosystems. The event concluded with a panel discussion attended by climate experts, international partners, development organisations, and civil society members working to advance forest restoration and climate resilience.

The Collectorate of Customs Enforcement Peshawar has confiscated smuggled goods worth over Rs. 51 million after intercepting a truck in Dera Ismail Khan. The operation was carried out on Wednesday by the Quick Response Force, which stopped the vehicle near Waziristan Chowk. Officials reported that the truck, registered as P 4234, was en route from Quetta to Rawalpindi when it was flagged down for inspection. A detailed search of the vehicle resulted in the seizure of a substantial consignment of foreign-made cigarettes, rolls of polyester fabric, and betel nuts. The truck was taken into custody, and a case has been initiated under the Pakistan Customs Act, 1969. The Federal Board of Revenue (FBR) commended the enforcement team for its timely action, noting that it reflects the department’s continued commitment to combating illegal trade and protecting national revenue. Authorities stated that increased surveillance on key transit corridors is proving effective, particularly as smuggling groups attempt to alter their routes and strategies to evade detection. Customs officials added that enforcement activities across Khyber Pakhtunkhwa are being further strengthened. The goal is to disrupt the inflow of non-duty-paid goods that commonly enter Pakistan through its western borders and to ensure stronger control over illicit supply chains.

Mari Energies Limited has entered into a joint venture with Ghani Chemical Industries Ltd. to create a new project company dedicated to processing vent and exhaust gases from the Sachal Gas Processing Complex in Daharki, Sindh. In a filing to the Pakistan Stock Exchange, the company stated that the newly formed entity will focus on extracting valuable hydrocarbons from the plant’s exhaust stream. The recovered components will be used to produce liquefied natural gas (LNG) along with industrial-grade and food-grade carbon dioxide (CO₂). Under the agreement, Mari Energies will retain a majority shareholding of 51%, while Ghani Chemical will own the remaining 49%. The initiative is designed to transform waste gases into commercially useful products, helping to curb greenhouse emissions while creating economic value. According to the companies, the project aligns with broader sustainability goals by capturing gases that would otherwise be released into the atmosphere. This collaboration builds on a preliminary term sheet signed between the two firms earlier in July. The venture is expected to support environmental conservation efforts, boost local industry, and generate additional revenue streams through the efficient utilization of gas by-products. Once operational, the project aims to contribute to both regional economic development and Pakistan’s growing emphasis on cleaner, more resource-efficient industrial practices.

Karachi: Shield Corporation Limited (SCL), a leading Pakistani manufacturer of baby care and hygiene products, has announced its decision to delist from the Pakistan Stock Exchange (PSX). In a filing submitted to the bourse on Wednesday, the company stated that its Board of Directors has resolved to pursue voluntary delisting under Rule 5.14 of the PSX Rule Book. Sponsors have been authorized to buy back ordinary shares from minority shareholders at a price to be determined in accordance with regulations set by the PSX or the Securities and Exchange Commission of Pakistan (SECP). The move follows SCL’s earlier decision in May to discontinue diaper production while continuing its other product lines. Shares of SCL closed at Rs408 on Wednesday, marking a sharp 10% or Rs37.09 increase amid the announcement. Established in 1975, Shield serves over 300 towns and cities in Pakistan and exports to Europe, Asia, and Africa. The delisting adds to a growing trend of companies exiting the PSX.

KARACHI: The International Finance Corporation (IFC) and Standard Chartered Pakistan have announced a new $400 million risk-participation facility designed to strengthen short-term trade financing and working-capital support for Pakistani businesses. According to a statement from Standard Chartered, the facility will be extended to major local corporates and exporters, helping to increase foreign exchange inflows and reinforce sustainable economic activity. Rehan Shaikh, CEO of Standard Chartered Pakistan, described the initiative as a significant step forward in the bank’s long-standing partnership with IFC. He noted that the agreement reflects a deepened collaboration aimed at supporting Pakistan’s business ecosystem through enhanced access to trade finance. The new facility, formalised in September, builds on a previous joint $200 million programme introduced in December 2022. The expansion demonstrates both institutions’ confidence in Pakistan’s financial sector and its export-driven industries. Momina Aijazuddin, Regional Head of Industry for IFC’s Financial Institutions Group across the Middle East, Türkiye, Central Asia, Pakistan, and Afghanistan, emphasised that doubling the facility’s size underscores IFC’s commitment to improving liquidity for businesses that play a vital role in economic development. She said the enhanced support will help companies secure essential trade and working capital, enabling them to grow, generate employment, and contribute to the country’s long-term financial resilience. The initiative marks a key milestone in efforts to strengthen Pakistan’s trade infrastructure and broaden financial support for sectors critical to the nation’s economic stability.

KARACHI – The Pakistani government is pressing ahead with its ambitious plan to privatize Pakistan International Airlines (PIA) before the end of the year, according to Muhammad Ali, Chairman of the Privatisation Commission. In an interview on a private TV, Ali confirmed the government’s resolve to conclude the sale but made a crucial clarification: no governmental guarantees will be extended to prospective buyers. While the International Monetary Fund (IMF) has approved the withdrawal of sales tax on the transaction, other forms of investor assurances are being withheld. Ali emphasized that running airlines is not the mandate of administrations and noted, “Governments change.” Addressing concerns about the sluggish pace of privatization, the Chairman explained the strategy of starting with smaller, less complex deals, such as the partial transfer of First Women Bank, before moving on to larger divestments like PIA. Looking ahead, Ali confirmed that the government plans to outsource major infrastructure, with Karachi and Lahore airports each requiring an estimated $1 billion in capital for expansion, which private operators are expected to mobilize. For the struggling gas sector, he stated that structural reforms are essential, adding, “For the sector to move forward, the Sui gas companies will have to be sold.” The Commission is thus targeting key sales across energy and aviation in the coming year.