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Service Long March Tyres IPO to Raise Up to PKR 7.8 Billion for Local Tyre Production Expansion
Pakistan

Service Long March Tyres IPO to Raise Up to PKR 7.8 Billion for Local Tyre Production Expansion

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Service Long March Tyres IPO is set to draw significant attention in Pakistan’s capital markets as the company moves forward with plans to raise fresh capital for expanding domestic tyre manufacturing capacity. The company has filed its prospectus with the Pakistan Stock Exchange, aiming to secure between PKR 5.6 billion and PKR 7.8 billion through an initial public offering. This development reflects growing investor interest in Pakistan’s industrial sector and highlights the rising demand for locally manufactured automotive components. Read More: https://theboardroompk.com/pta-warns-citizens-share-otp-and-lose-your-whatsapp-forever/ Service Long March Tyres IPO: Key Details of the Offering The Service Long March Tyres IPO consists of 389.7 million ordinary shares, offered at a floor price of PKR 14.25 per share. These shares represent a 5 percent stake in the company after listing. The offering is expected to provide investors with an opportunity to participate in the growth of Pakistan’s expanding automotive aftermarket and original equipment manufacturing segment. The capital raised through the Service Long March Tyres IPO will primarily be utilized to finance the development of a passenger car radial tyre manufacturing facility. The project is estimated to cost approximately PKR 22.5 billion, indicating a major industrial investment in Pakistan’s manufacturing landscape. The remaining funding requirement will be met through long-term borrowing arrangements and internal cash generation. Why the Service Long March Tyres IPO Matters for Pakistan’s Economy The Service Long March Tyres IPO comes at a time when Pakistan’s tyre market is witnessing strong demand for locally produced radial tyres. Historically, this segment has been dominated by imported products, placing pressure on foreign exchange reserves and increasing costs for consumers. By investing in domestic production capacity, the company aims to reduce reliance on imports and strengthen local manufacturing. The expansion is expected to create multiple economic benefits. Increased local production can help stabilize prices, support employment, and contribute to industrial growth. Moreover, it aligns with broader government objectives of import substitution and strengthening domestic value chains. Growing Demand Driving Service Long March Tyres IPO Strategy The strategic focus behind the Service Long March Tyres IPO is closely linked to evolving consumer trends. Pakistan’s automotive sector, particularly passenger cars, has gradually shifted toward radial tyres due to their improved fuel efficiency, durability, and safety benefits. As vehicle ownership continues to grow, demand for these tyres is expected to increase further. By establishing local manufacturing capabilities, the company aims to capture a larger share of this expanding market. This move could also improve supply chain efficiency and reduce delivery times for distributors and automobile manufacturers. Funding Structure After the Service Long March Tyres IPO While the Service Long March Tyres IPO will contribute a substantial portion of the project funding, the remaining investment will be financed through long-term borrowing and internal cash flows. This balanced financing approach allows the company to maintain operational flexibility while supporting large-scale expansion. The combination of equity financing and debt funding is commonly used in capital-intensive industrial projects, enabling companies to scale production without overburdening their balance sheets. Outlook for Investors and Industry The Service Long March Tyres IPO highlights growing confidence in Pakistan’s manufacturing sector. Investors may view the offering as an opportunity to gain exposure to a company positioned to benefit from rising domestic demand and reduced import dependence. Meanwhile, the tyre industry is expected to become more competitive, potentially leading to improved product availability and pricing for consumers. If successfully executed, the expansion project could strengthen Pakistan’s industrial base and support long-term growth in the automotive ecosystem.

PTA Warns Citizens: Share OTP and Lose Your WhatsApp Forever
Pakistan

PTA Warns Citizens: Share OTP and Lose Your WhatsApp Forever

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Pakistan Telecommunication Authority (PTA) has issued a fresh public advisory warning citizens about the alarming rise in WhatsApp hacking incidents across the country. Fraudsters are increasingly using social engineering tactics to trick users into sharing their six-digit verification codes, gaining full control of accounts within seconds. Rising Threat of WhatsApp Hijacking The advisory highlights that hackers often pose as delivery riders, bank officials, or even contacts from already-compromised numbers. Unsuspecting users, including elders, women, and business owners, receive urgent messages demanding the OTP code sent by WhatsApp via SMS or call. Once shared, the hacker logs in instantly, as WhatsApp allows only one active device at a time. PTA stresses that this is not a technical exploit but a human-error-based scam that has affected thousands recently. Immediate Recovery and Safety Measures If your account is hacked, PTA advises immediate action: uninstall WhatsApp, reinstall it, and re-verify your original phone number. This logs out the intruder. In cases where the hacker has enabled two-step verification, users must wait up to seven days to regain access without the PIN. During this period, keep the SIM active and inform friends and family through another number not to trust suspicious messages. Experts recommend enabling two-step verification with a six-digit PIN and email address right away. Never share OTPs or QR codes, avoid clicking suspicious links offering free data or rewards, and regularly check linked devices in WhatsApp settings. PTA urges everyone to stay vigilant, update apps, and use biometric locks on phones to prevent future breaches. This timely advisory aims to empower citizens with simple, effective tools to reclaim and protect their digital lives. Keywords: WhatsApp hacking Pakistan, PTA advisory, OTP scam recoveryMeta Description: PTA issues urgent guidelines on recovering hacked WhatsApp accounts in Pakistan. Learn simple recovery steps, prevention tips, and how to stay safe from social engineering scams.

Finance Minister Aurangzeb Begins Washington Visit for IMF and World Bank Talks
Pakistan

Finance Minister Aurangzeb Begins Washington Visit for IMF and World Bank Talks

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Finance Minister Muhammad Aurangzeb arrived in Washington on Monday to attend the Spring Meetings hosted separately by the International Monetary Fund and the World Bank. The Finance Minister begins a critical visit aimed at strengthening Pakistan’s economic position on the global stage. The meetings will take place from April 13 to April 18. They will bring together finance leaders, policymakers, and development partners from across the world. Officials said the Finance Minister will present Pakistan’s reform progress. He will also highlight priorities to stabilize the economy and attract foreign investment. Finance Minister to Hold Separate Talks with IMF and World Bank The Finance Minister will engage both institutions through distinct meetings aligned with their mandates. He will discuss macroeconomic stability and fiscal reforms with the IMF. He will also hold separate discussions with the World Bank on development financing and social protection. Aurangzeb will meet senior IMF leadership including Nigel Clarke and Jihad Azour. These discussions will focus on Pakistan’s economic outlook and reform trajectory. In parallel, the Finance Minister will meet World Bank officials including Anna Bjerde. He will also engage with Makhtar Diop and Tsutomu Yamamoto. These engagements will focus on investment and development support. Finance Minister Strengthens Economic Engagement with United States The Finance Minister will hold meetings with senior officials of the United States administration. These include representatives from the State Department and the Treasury. He will also meet Jamieson Greer to discuss trade cooperation and market access. These talks aim to deepen economic ties between Pakistan and the United States. Officials said the Finance Minister will highlight improvements in Pakistan’s economic indicators. He will also present policy measures designed to encourage investment and growth. Finance Minister Engages Global Financial Institutions and Investors The Finance Minister will meet top global financial institutions during his visit. These include JP Morgan Chase, Citibank, Rothschild & Co., and Franklin Templeton. He will participate in investment forums and policy discussions. These sessions will provide an opportunity to directly engage with institutional investors. The Finance Minister aims to build investor confidence. He will highlight key sectors and reforms that improve Pakistan’s investment climate. Finance Minister Expands Bilateral Economic Partnerships The Finance Minister will also meet counterparts from key partner countries. These include China, Saudi Arabia, United Arab Emirates, Türkiye, and the United Kingdom. These meetings will focus on strengthening bilateral cooperation. They will also explore opportunities for investment and financial collaboration. Officials believe these engagements will support Pakistan’s long term economic strategy and help secure external financing. Finance Minister Showcases Pakistan Social Protection Success A major highlight of the visit will be Pakistan’s participation in a World Bank roundtable on digital social protection. The Finance Minister will present Pakistan’s experience with Government to Person payment systems. These systems operate under the Benazir Income Support Programme. The programme has improved financial inclusion and transparency. It has also helped deliver support to vulnerable populations across the country. Pakistan will share its model with countries from the Middle East and North Africa. This engagement will highlight innovation in public service delivery. Finance Minister Participates in Global Policy Forums The Finance Minister will attend several multilateral forums during the visit. These include meetings of the G Twenty Four Finance Ministers and Central Bank Governors. He will also participate in the Coalition of Finance Ministers for Climate Action. These forums will address global economic stability and climate finance challenges. Aurangzeb will contribute to discussions on financial reforms and development priorities. These engagements will allow Pakistan to play an active role in global policymaking. Finance Minister Undertakes Extensive Diplomatic Engagements Officials confirmed that the Finance Minister will participate in more than fifty engagements during his visit. These include bilateral meetings, policy dialogues, and investment roundtables. He will also engage with development partners such as the International Fund for Agricultural Development, the Gates Foundation, and institutions like the Asian Development Bank, JICA, and the Asian Infrastructure Investment Bank.

NEPRA Petition Filed as PHMA Accuses DISCOs of Misusing Private Power Systems
Pakistan

NEPRA Petition Filed as PHMA Accuses DISCOs of Misusing Private Power Systems

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The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has filed a formal NEPRA petition urging action against distribution companies over the use of privately built electricity infrastructure in Karachi’s industrial areas. The association has approached the National Electric Power Regulatory Authority, claiming that distribution licensees have been using private power systems without proper consent or compensation. The dispute centers on industrial zones where factories installed their own electricity systems decades ago. PHMA argues that these systems are now being used for third party connections without legal approval from owners. PHMA Raises Concerns Over Private Distribution Systems PHMA said many factories built Dedicated Distribution Systems during the 1970s and 1980s. These systems included private substations and 11kV infrastructure installed on factory owned land. The association stated that these systems were originally meant for exclusive industrial use. It added that distribution companies later extended supply to nearby consumers through the same infrastructure. PHMA claims this was done without written consent from the original owners. It also alleges that no compensation was provided for the use of private land or equipment. Allegations Against DISCOs Over Regulatory Violations The association has accused distribution companies of violating regulatory rules. It referred to provisions under NEPRA consumer guidelines that require a written No Objection Certificate before any third party connection is made through private systems. PHMA argues that many connections were issued without such approval. It says this action breaches both regulatory manuals and licensing conditions. The association further claims that private system owners were neither informed nor consulted. It describes this as a long standing regulatory gap that has harmed industrial stakeholders. Industrial Owners Claim Loss of Control Over Property PHMA has raised concerns about practical consequences for factory owners. It stated that landowners often face difficulties when they try to sell, close, or redevelop their properties. According to the association, distribution companies refuse to shift connections unless the owner pays relocation costs. PHMA argues that these costs should not fall on private owners when the infrastructure was used without consent. The association described the situation as a form of restriction on property rights. It said owners are unable to fully control or develop their land due to public utility installations. Dispute Over Conversion of Private Systems into Public Networks A key issue highlighted in the NEPRA petition is the conversion of Dedicated Distribution Systems into Common Distribution Systems. PHMA said existing regulations allow distribution companies to convert private systems into public infrastructure. It argued that this conversion happens without compensation to the original owners. The association added that once converted, the infrastructure becomes part of public use while ownership rights of the original builders are not recognized financially. It claimed this creates an imbalance where private investment is absorbed into public utility networks without reimbursement. PHMA Cites Constitutional Property Rights The association has cited constitutional provisions under Article 24 of Pakistan’s Constitution. It states that no property can be taken for public use without lawful authority and compensation. PHMA argues that current regulations do not meet this requirement. It says private infrastructure is effectively being used for public benefit without financial settlement. The association claims this raises legal and constitutional concerns that require urgent regulatory review. Five Key Demands Submitted to NEPRA PHMA has requested National Electric Power Regulatory Authority to take immediate action through five major reforms. It has asked for identification of all third party connections running through private systems without proper consent. It also wants such practices stopped immediately. The association demands that distribution companies bear all relocation costs where connections were made without approval. It also seeks mandatory relocation within 90 days when property owners plan redevelopment. PHMA has also called for compensation based on market value for both land use and infrastructure before any system conversion. It insists that owner consent must be required before such changes. The association further wants a standardized No Objection Certificate system. It has also requested a public record of all connections passing through private infrastructure. Finally, PHMA has demanded refunds for owners who previously paid relocation costs. It wants these refunds processed within 90 days. Call for Regulatory Reform in Power Distribution Sector PHMA has expressed confidence that NEPRA will review the petition and take appropriate action. The association believes the current framework needs urgent reform to protect industrial investors. The dispute highlights growing tensions between private industrial infrastructure and public utility expansion. It also raises broader questions about regulatory fairness and compensation mechanisms.

Challans Return to Karachi Roads as Traffic Police Launch On-the-Spot Enforcement Drive
Pakistan

Challans Return to Karachi Roads as Traffic Police Launch On-the-Spot Enforcement Drive

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Challans have officially returned to Karachi’s major roads as traffic police resume on-the-spot enforcement across key traffic corridors. The move aims to improve road discipline, reduce violations, and restore order on one of Pakistan’s busiest urban road networks. The Karachi Traffic Police have deployed officers at major intersections and highways. These officers now issue instant challans directly to violators instead of relying only on automated systems. Authorities say the decision reflects growing concern over traffic violations, congestion, and unsafe driving behavior across the city. On-the-Spot Challans Resume on Major Roads Traffic authorities confirmed that challans are now being issued in real time on Karachi roads. Officers stop vehicles, check documents, and issue fines immediately for violations. The enforcement covers multiple offences. These include over speeding, signal jumping, wrong lane driving, and missing safety equipment. Motorcyclists and car drivers both fall under the new enforcement drive. Officials say no category of vehicle is exempt from compliance. The system is designed to make enforcement more visible. Police presence on roads is expected to increase driver caution and reduce repeated violations. Karachi Traffic Police Strengthen Field Enforcement The Karachi Traffic Police have increased deployment at major traffic points. Key roads such as Shahrah-e-Faisal, M A Jinnah Road, Korangi Road, and University Road are part of the enforcement zones. Officers are using handheld devices and mobile applications to issue digital challans. These tools allow immediate recording of violations and automated ticket generation. The department says this approach improves transparency and reduces manual errors. It also speeds up the enforcement process. Officials believe visible policing will improve driver behavior more effectively than camera-only monitoring. E-Challan System Continues Alongside Manual Fines The existing e-challan system remains active in Karachi. However, authorities have now combined it with physical enforcement through on-the-spot challans. The dual system allows police to capture violations both through surveillance cameras and direct observation. Officials say this hybrid model will close enforcement gaps. It ensures that violations not captured by cameras are still penalized. Drivers who attempt to avoid automated fines may now face immediate penalties on the road. Why Challans Were Reintroduced on the Roads Traffic authorities say the decision was taken to address increasing violations across the city. Karachi continues to face serious challenges in traffic management due to high vehicle density and limited road discipline. Officials identified several key issues. These include signal violations, reckless driving, lane cutting, and illegal parking. The return of challans is aimed at restoring discipline. Authorities believe physical enforcement will create stronger compliance among drivers. They also want to reduce pressure on automated systems that sometimes miss contextual violations. Focus on Road Safety and Public Discipline The renewed challan drive is part of a broader road safety strategy. Traffic officials say the goal is not only to issue fines but also to change driver behavior. Karachi’s roads have long faced criticism for poor discipline. Frequent violations contribute to congestion and accidents. Authorities believe strict enforcement will encourage safer driving habits. They also expect it to reduce traffic bottlenecks during peak hours. The campaign targets both private and commercial vehicles. Public transport operators are also under strict monitoring. Public Reaction to Return of Challans The reintroduction of challans has triggered mixed reactions from commuters. Some drivers support the move and say stricter enforcement is necessary to improve traffic flow. Others express concern about over enforcement and frequent fines. They argue that traffic management should also focus on infrastructure improvements. Motorists have also raised questions about consistency in enforcement. Some demand clearer guidelines and better awareness campaigns. Despite differing opinions, many agree that Karachi’s traffic situation requires immediate intervention. Technology Integration in Traffic Enforcement The Karachi Traffic Police are increasingly relying on digital tools. Officers now use mobile applications linked to central databases for issuing challans. This system allows instant verification of vehicle records, license status, and previous violations. Officials say this integration improves accountability and reduces paperwork delays. It also helps maintain a centralized record of all violations. The system supports the broader shift toward digital governance in law enforcement across Sindh. Impact on Daily Commuters and Traffic Flow Commuters are already noticing increased police presence on major routes. Traffic officers are actively stopping vehicles for checks and issuing fines where required. The presence of challan enforcement has led to more cautious driving behavior in some areas. Early observations suggest improved lane discipline during peak hours. However, traffic congestion remains a challenge in several parts of the city. Authorities say enforcement alone cannot solve infrastructure limitations. They emphasize the need for long term urban traffic planning alongside enforcement measures. Government Push for Better Compliance Officials say the challan system is part of a wider push to improve compliance with traffic laws. The goal is to reduce accidents and improve road safety standards. Authorities are also reviewing penalties for different categories of violations. The aim is to make fines more effective as a deterrent. Awareness campaigns are expected to accompany enforcement efforts. These campaigns will educate drivers about traffic rules and penalties.

BRT Red Line Faces Fresh Delay in Karachi as Work Slows Again
Pakistan

BRT Red Line Faces Fresh Delay in Karachi as Work Slows Again

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The BRT Red Line project in Karachi has once again slowed sharply as construction activity drops across multiple key stretches. Large sections of the route now show little to no visible progress, raising renewed concerns over delays and project coordination. Field observations indicate that machinery remains idle in several areas. Labour presence has also reduced significantly compared to earlier phases of construction. Authorities had previously assured steady progress after resolving financial issues. However, the situation on the ground now reflects another setback for one of Karachi’s most important transport projects. Project Divided Into Two Major Sections The BRT Red Line is divided into two main segments for execution. Lot 1 runs from Airport Signal to Mosamiyat. Lot 2 extends from Mosamiyat to Numaish. Lot 2 continues to face the most serious challenges. This section is longer and involves more complex urban construction work along heavily populated corridors. Officials had earlier prioritized resolving delays in this segment. Despite that, progress remains inconsistent and slow. Past Financial Disputes Still Affect Progress Construction on Lot 2 had already faced a major suspension last year. The halt came after financial disagreements between contractors and project authorities. The dispute escalated to legal proceedings before payments were eventually cleared. Work resumed after intervention, but the recovery has not been stable. Although officials later claimed that the matter had been resolved, current conditions suggest lingering effects on project execution and contractor performance. Visible Work Slowdown Across Key Routes A field review of the project corridor shows a clear slowdown in activity. At People’s Chowrangi, no machinery is currently active, and construction appears suspended. Further along toward Hassan Square, only a small number of workers are visible. A few machines are present, but no active construction is taking place. On the Hassan Square to Nipa stretch, work has been halted due to the ongoing installation of the K-IV water pipeline. This infrastructure project has directly interfered with the BRT construction timeline. Even where machinery is stationed, most equipment remains idle. No consistent operational activity is visible across major sections of the route. Pipeline Work Adds New Layer of Delay The K-IV water supply project has become a major factor affecting the BRT Red Line progress. Construction teams have been forced to pause work in multiple areas where pipeline installation is underway. This overlap between infrastructure projects has created logistical challenges. Road space is limited, and coordination between agencies remains weak. Officials have not provided a clear revised schedule for resolving these conflicts. As a result, uncertainty continues to grow over project completion timelines. Lot 2 Remains the Most Troubled Section The Mosamiyat to Numaish segment continues to face repeated interruptions. This part of the route passes through some of Karachi’s busiest urban zones. Construction delays here have a wider impact on traffic flow and daily commuting. Residents in surrounding areas report prolonged road blockages and diversions. Despite being the largest and most critical segment, Lot 2 has not shown consistent progress in recent months. Commuters Face Ongoing Disruption The slowdown in BRT Red Line construction has continued to affect daily commuters across Karachi. University Road and adjoining corridors remain heavily congested. Travel times have increased due to lane closures and construction barriers. Alternative routes are also under pressure due to diverted traffic. Residents say they continue to face uncertainty over when normal road conditions will return. Many had expected faster completion timelines based on earlier official statements. Repeated Delays Raise Governance Questions The repeated slowdown has raised concerns about project management and coordination. Observers point to a lack of synchronization between infrastructure agencies working in the same corridor. Financial disputes, utility relocation, and construction planning issues have all contributed to delays. Despite earlier claims of resolution, progress remains uneven. The situation has also triggered questions about long term planning for urban transport development in Karachi. Importance of the BRT Red Line Project The BRT Red Line is one of Karachi’s key mass transit initiatives. The project is designed to improve public transport, reduce congestion, and provide a reliable travel option for millions of residents. Once completed, it is expected to connect major residential and commercial zones through a dedicated bus corridor. However, repeated delays have slowed down the delivery of these benefits, leaving commuters dependent on existing overcrowded transport systems.

FrieslandCampina Engro Pakistan Signs EPC Contract with A2Z Energy Systems for 2MW Solar + 4MWh BESS Project to Cut Carbon Footprint
Pakistan

FrieslandCampina Engro Pakistan Signs EPC Contract with A2Z Energy Systems for 2MW Solar + 4MWh BESS Project to Cut Carbon Footprint

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Karachi:FrieslandCampina Engro Pakistan Limited (FCEPL), a leading multinational in the dairy and nutrition sector, has announced a strategic partnership with A2Z Energy Systems to implement a 2MW solar photovoltaic (PV) plant integrated with a 4MWh Battery Energy Storage System (BESS). Read More: https://theboardroompk.com/pso-announces-appointment-of-jawwad-ahmed-cheema-as-ceo/ The deployment marks a significant step in FCEPL’s long-term commitment to its decarbonization strategy and to its vision of embedding sustainable energy solutions across its operations. The hybrid system, being deployed at the FCEPL’s operational sites is designed to improve energy cost efficiency, enhance power reliability, and reduce exposure to grid volatility amid rising tariffs. It will enable optimized energy dispatch, support peak shaving, and strengthen load management, driving greater operational resilience and delivering measurable financial benefits. “A sustainable and resilient energy infrastructure is central to our vision for the future,” said Mr. Kashan Hasan, CEO & Managing Director, FrieslandCampina. “Our partnership with A2Z Energy Systems represents a pivotal step in our efforts to reduce the carbon footprint of dairy farming. This is also aligned with Friesland Campina’s vision of Doing DAIRY Right, which encompasses being In Balance with Nature. By harnessing solar energy, we are developing a cost-effective and sustainable approach that reduces reliance on non-renewable resources and enhances financial viability for the dairy sector. In a nation facing inflationary pressures, I take pride in leading a company committed to fostering growth and shaping a sustainable future for Pakistan.’’ A2Z Energy Systems, acting as the Engineering, Procurement, and Construction (EPC) contractor, will deliver the project on a turnkey basis. Drawing on its expertise in advanced energy systems, the company will ensure optimal design, seamless integration, and high-performance execution in line with international standards. “This project reflects the increasing convergence of sustainability and financial performance in industrial energy strategies. We are pleased to support FrieslandCampina in deploying a future-ready energy solution that delivers both environmental and economic value,” said Mr. Anwar ul Hasan, Chairman, A2Z Energy Systems. This project represents a scalable model for industrial energy transition, combining clean energy generation with storage to maximize efficiency and unlock long-term value. Upon commissioning, the system is expected to deliver stable energy cost savings, reduce reliance on the conventional grid, and enhance operational continuity, magnifying higher asset utilization and improved returns. This partnership not only showcases FCEPL’s commitment to reducing the carbon footprint of dairy farming but also highlights A2Z’s expertise as a leading renewable microgrids provider, marking a significant step toward a greener & more sustainable future for Pakistan.

Government Moves to Slash Dairy GST from 18% to 10%
Pakistan

Government Moves to Slash Dairy GST from 18% to 10%

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Islamabad:Federal Minister for Commerce Jam Kamal Khan chaired a meeting with a delegation of the Pakistan Dairy Association, led by CEO Dr. Shehzad Amin. Read More: https://theboardroompk.com/pso-announces-appointment-of-jawwad-ahmed-cheema-as-ceo/ The meeting was also attended virtually by Rana Ihsaan Afzal, Coordinator to the Prime Minister on Commerce, along with senior officials from the Ministry of Commerce. The discussion focused on the challenges facing Pakistan’s dairy sector, particularly regarding tariff and taxation issues, as well as improving productivity, genetic quality, and formalization of the sector. Minister Jam Kamal Khan emphasized that enhancing the genetic quality of dairy breeds and guiding farmers toward a formalized business model is critical for the sector’s development. Jam Kamal said that without proper genetic direction, farmers cannot achieve the desired milk yields and that structured support, regulation, and farmer education are essential to transform the sector. The Pakistan Dairy Association pointed out that the current GST on dairy products is 18 percent, while globally, and even in neighboring countries, such products often enjoy zero or minimal taxation. In response, Minister Jam Kamal Khan asked the Association to submit proposals for reducing the GST from 18 percent to 10 percent and asked Rana Ihsaan Afzal to take the lead in working closely with the Association to prepare a comprehensive proposal. The Minister also stated that he would write letters to the Chief Ministers and all relevant ministers to ensure coordination and support for implementing these proposals and improving the formalization of the dairy sector across the country. The Association presented additional proposals including the provision of financial support and banking facilities for farmers, the implementation of regulatory measures to ensure only pasteurized or properly packaged milk is sold, and the initiation of pilot programs in major urban centers to transition farmers into formal business practices. They also highlighted the need for cross-breeding programs and farmer training to enhance genetic quality and improve overall milk production. Minister Jam Kamal Khan welcomed these proposals and stressed that a comprehensive plan should be prepared for timely implementation, ensuring that Pakistan’s dairy sector achieves higher productivity, better regulatory compliance, and contributes more effectively to the country’s economy.

PSO Announces Appointment of Jawwad Ahmed Cheema as CEO
Pakistan

PSO Announces Appointment of Jawwad Ahmed Cheema as CEO

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Pakistan State Oil Company Limited (PSO) has formally notified the Pakistan Stock Exchange (PSX) that its Board of Management has appointed Mr. Jawwad Ahmed Cheema as Chief Executive Officer for a three-year term, effective 18 May 2026. Read More: https://theboardroompk.com/psctf-delegation-visit-federation-of-pakistan-chambers-of-commerce-and-industry-in-karachi/ Cheema succeeds Abdus Sami, who serves as interim CEO. A distinguished C-suite executive, Cheema brings over 28 years of experience in the downstream energy sector, including nearly two decades in corporate leadership roles spanning five countries across Asia-Pacific, Europe, and South Asia. His career covers the full downstream value chain retail fuels, lubricants, storage infrastructure, supply chain management, strategy, and international portfolio management with a consistent thread of strategic transformation, business turnaround, and large-scale organisational change running through every assignment. The centerpiece of his career is a 26-year tenure with Royal Dutch Shell, one of the world’s largest energy majors, during which he rose from frontline retail operations in Pakistan to the most senior levels of Shell’s global leadership, progressing through Indonesia, Singapore, the Netherlands, and the United Kingdom each assignment representing a substantive expansion of scope, complexity, and accountability. As Managing Director and CEO of Shell Pakistan Limited, he successfully steered one of the country’s most prominent publicly listed energy companies through a period of significant strategic and operational transformation in one of the region’s most complex and fast-evolving energy markets. In subsequent international roles, Mr. Cheema served as Vice President of Strategy & Portfolio at Shell International B.V. in The Hague, where he directed global downstream infrastructure portfolio strategy across multiple continents, delivering significant enterprise value through network optimisation, asset rationalisation, and supply chain reconfiguration. As Vice President of Shell Business Operations in Singapore, he transformed Shell’s global business process outsourcing function, driving large-scale workforce expansion and operational consolidation across a global network. Earlier, as Strategy & Management Consultancy Manager, he led business turnarounds, divestments, new market entries, and integrated downstream reviews across Asia-Pacific. Mr. Cheema’s expertise also extends to high-growth market entries, most notably as General Manager leading Shell’s end-to-end retail fuels entry into Indonesia a complex, fast-growing emerging market. Most recently, he served as CEO of Karachi Hydrocarbon Terminal (KHT), a strategic joint venture under the VTTI B.V. portfolio, managing Pakistan’s primary petroleum import and distribution terminal at Port Qasim. Beyond executive leadership, Mr. Cheema has exercised significant governance authority as Chairman of the Board of Shell Pakistan Limited and as a Director on the boards of Pakistan Refinery Limited (PRL) and Pakistan Arab Pipeline Company (PAPCO) the most strategically significant nodes of Pakistan’s downstream infrastructure. With a rare combination of commercial sharpness, strategic clarity, and the operational discipline to execute at scale in complex, regulated, and politically sensitive energy environments, Mr. Cheema stands as a leader shaped by the most rigorous global standards and deeply rooted in the realities of Pakistan’s energy landscape.

FitsAir Launches Direct Colombo–Lahore Route, Strengthening Pakistan–Sri Lanka Connectivity
Pakistan

FitsAir Launches Direct Colombo–Lahore Route, Strengthening Pakistan–Sri Lanka Connectivity

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KARACHI: Sri Lanka’s FitsAir has officially entered Pakistan’s aviation market, launching its first direct flight between Colombo and Lahore, aviation officials confirmed. Read More: https://theboardroompk.com/bingx-futures-grid-expands-to-gold-silver-and-oil-bringing-automated-precision-to-macro-trading/ The inaugural flight, 8D-981, touched down at Allama Iqbal International Airport on Saturday evening at 8:35 p.m., carrying 134 passengers and marking the airline’s debut in the country. The new route is expected to improve travel links and provide more convenient options between Pakistan and Sri Lanka. Passengers were warmly welcomed upon arrival with flowers, while airport authorities organized a celebratory cake-cutting ceremony to mark the occasion. The return flight, 8D-982, later departed for Colombo at 9:40 p.m. with 66 passengers on board. Pakistan and Sri Lanka have maintained strong diplomatic and economic relations since their early years of independence, collaborating in areas such as trade, defense, and regional cooperation. Pakistan was among the first nations to recognize Sri Lanka and has consistently supported it, including during challenging periods like its civil conflict. Both countries are members of the South Asian Association for Regional Cooperation (SAARC) and continue to align on regional stability and economic collaboration. Their partnership is further strengthened by a free trade agreement signed in 2005, promoting exchange in sectors like textiles, tea, rice, and pharmaceuticals. In recent years, both nations have aimed to deepen ties in aviation, tourism, and education, with enhanced air connectivity playing a vital role in boosting business and people-to-people engagement between the two economies.

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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