Markets
BOP approves up to PKR 30 billion equity injection from Punjab government
Shares to be issued at PKR 38.20 each or market price plus 5%, with capital raise targeted for completion by June 30, 2027
Aug 10, 2026
Aug 10, 2026
Shares to be issued at PKR 38.20 each or market price plus 5%, with capital raise targeted for completion by June 30, 2027
Seven-company group receives qualification documents from Privatisation Commission, but says participation does not yet constitute a binding bid
Strong institutional, foreign fund and HNI demand highlights investor appetite for Pakistan’s regulation-backed credit bureau
January-July urea sales projected to rise 5% to 3.1 million tons despite monthly decline; industry inventories expected to climb to 930,000 tons
Domestic sales jump 17.3%, while exports fall to 705,341 tons amid sharp decline from north-based mills
The new wholly owned entity will serve as the group’s commercial hub in the European Union, bringing it closer to customers and strengthening its overseas presence
Imports rose 8.3% as edible oil demand climbed and domestic oilseed production weakened, while industry warns new taxes could raise ghee and cooking oil prices
The blue-chip index has fallen more than 1,000 points nine times in five years, with history showing weaker performance after a week but median gains of nearly 2% after one month and 9.1% after three months
Fatima Fertilizer is expected to post the strongest profit growth, FFC remains resilient and Engro Fertilizers faces a sharp earnings decline in the second quarter
Investors await earnings and a central bank rate decision as the KSE-100 extends weekly losses
Power demand from industries rose 20% as economic growth recovered, with Karachi manufacturers increasing reliance on the grid
Government introduces three-month and six-month Islamic debt instruments while retaining the cumulative issuance target through mid-September
HSD production has risen about 42% and petrol output about 88% since FY22 as the company awaits approval of the refinery policy
Government seeks to deepen the corporate debt market through faster bond issuance, digital integration and wider access to financing
Prices reach PKR 19,000 per maund in Punjab and PKR 18,800 in Sindh as extreme weather and Gulf conflict pressure Pakistan's cotton market
Equity funds lead growth with nearly 58% annual increase as improving market sentiment boosts long-term investments
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday welcomed the launch of a co-badged debit card by HBL, UnionPay International and PayPak, calling it a significant step toward building a modern, resilient and inclusive digital payments ecosystem aligned with the government’s vision of a cashless Pakistan.
Speaking at the launch ceremony, Ahmad said the co-badged card combines Pakistan’s domestic payment infrastructure with the international acceptance of a global payment network, enabling customers to make seamless transactions both within Pakistan and abroad.
He said the partnership reflects the central bank’s long-term vision for PayPak as a secure, cost-effective and locally governed payment scheme that can support Pakistan’s expanding digital economy.
The governor said the initiative is aligned with the SBP’s Vision 2028 and the prime minister’s Cashless Pakistan Initiative, both of which aim to make the country’s financial system more digital, inclusive and resilient.
“Our objective is not merely to digitize payments but to build an ecosystem where individuals and businesses can transact seamlessly, safely and efficiently,” Ahmad said.
Highlighting the rapid growth of digital payments, Ahmad said the volume of retail digital transactions increased from about 6.9 billion over the past year to nearly 12 billion, while the number of active merchants expanded from around 500,000 to more than 2 million.
He said the number of mobile banking application users reached nearly 137 million, while the share of workers’ remittances credited through digital channels increased from about 80% to 92%, reflecting growing public confidence in digital financial services.
Ahmad said domestic payment platforms, particularly PayPak and Raast, should remain at the center of Pakistan’s digital payments infrastructure as financial technology continues to evolve.
He said PayPak should become the preferred payment scheme for domestic debit card issuance, while co-badged cards can provide international payment functionality when needed.
The governor also urged banks, digital banks, payment service providers, fintech companies and merchants to strengthen collaboration by expanding digital payment acceptance, enhancing cybersecurity, improving customer awareness and delivering secure, reliable and customer-focused payment services.
Congratulating HBL, UnionPay International, PayPak and 1LINK on the partnership, Ahmad said cooperation between domestic and international payment networks would promote innovation, deepen financial inclusion and accelerate Pakistan’s transition to a digitally enabled, cash-lite economy.
Government launches national transformation strategy and high-level council to modernize livestock, improve disease control and expand access to global markets
Supernet Technologies Limited (STL) has approved a rights issue of approximately PKR 914.8 million to strengthen its capital base, support a growing pipeline of technology projects and position the company for its next phase of growth.
The company's board of directors approved the issuance of 91.48 million ordinary shares at PKR 10 each, equivalent to approximately 85 rights shares for every 100 ordinary shares held by eligible shareholders.
The rights issue, representing about 85% of the company's existing paid-up capital, remains subject to regulatory and legal approvals.
The capital raise comes after a period of strategic transformation for Supernet, including its merger with Supernet Limited, expansion into regional markets through its Supernet Global platform and continued growth in digital infrastructure, cybersecurity, cloud services, connectivity, managed services, enterprise networking and technology integration.
The merger created a larger and more diversified technology platform by combining complementary capabilities, allowing the company to provide integrated and secure technology solutions to governments, enterprises and critical infrastructure customers.
Supernet is also expanding its presence in the United Arab Emirates to pursue opportunities across the Middle East, Africa and Central Asia while strengthening its position in Pakistan.
The company's strategic initiatives are beginning to translate into commercial gains. Supernet has secured several projects in cybersecurity, enterprise technology and communications infrastructure while expanding its regional footprint.
Most recently, the company announced a contract worth approximately PKR 1 billion to modernize critical communications infrastructure in Pakistan. The project, the largest contract in the company's history, is expected to contribute to revenue and profitability during fiscal year 2026-27.
Supernet said it continues to pursue opportunities in digital infrastructure, cybersecurity, connectivity and enterprise technology solutions across Pakistan and regional markets.
The company said the rights issue will strengthen its balance sheet, optimize its capital structure and enhance its ability to meet growing customer demand and capitalize on emerging market opportunities.
Telecard Limited, Supernet's substantial shareholder, along with the company's directors, has confirmed its intention to subscribe to, or arrange subscriptions for, its respective rights entitlement. Any unsubscribed portion of the issue will be underwritten in accordance with applicable laws and regulations.
Supernet said increasing investments by governments and enterprises in digital infrastructure, cybersecurity and mission-critical technology platforms are expected to create long-term growth opportunities, supported by the company's expanded capabilities, regional presence and stronger capital position.
Completion integrates insurance into a digital ecosystem serving over 100 million customers
