Engro has marked a historic milestone in Pakistan’s landscape with the execution of a Rs 133 billion transaction entirely through 100% Islamic financing, to grow its telecom infrastructure vertical. This funding has enabled the addition of Deodar (and its 10,000+ telecom towers) to Engro’s portfolio. This underscores Engro’s commitment to driving digital transformation while supporting…
The public subscription of Pak Qatar Family Takaful Limited’s IPO witnessed strong investor demand, with applications received for 47.84 million shares against an issue size of 12.50 million shares, resulting in an oversubscription of approximately 3.8x. The public offering was held on 17–18 December 2025. A total of 7,942 applications were received, amounting to PKR…
A landmark initiative aimed at supporting the continued development of Islamic banking and finance in Pakistan was marked with the inauguration of the Irfan Siddiqui Center for Advancement of Islamic Finance at the National Institute of Public Administration (NIPA). The Center has been established to commemorate Mr. Irfan Siddiqui, widely recognized as a pioneer and…
Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country in collaboration with Haball, has announced a major expansion of the Wisaaq digital supply chain financing platform through the launch of a new Murabaha-based financing facility with Dawlance, Pakistan’s leading home appliance manufacturer. This innovative initiative enables Dawlance’s distributors to…
The general public will subscribe 12.5 million shares, 25 percent of the total offer size of PQFTL IPO on December 17 and 18th at the strike price of Rs 18.02. The general public can subscribe the IPO on 17th and 18th December from e-IPO, the process continues for 24 hours. Apply online through: ✔ CDC…
Pak-Qatar Family Takaful Limited’s (PQFTL) IPO book-building has concluded with an impressive oversubscription of 3.2 times, marking the first-ever IPO of a dedicated Family Takaful company at PSX. Investors responded strongly, with the strike price closing at Rs 18.02 per share, compared to the floor price of Rs 14. Total demand reached Rs 1.67 billion…
In a continued effort to deepen ties and expand its footprint in the Pakistan market, Sri Lanka Tourism has successfully concluded a B2B Roadshow and networking evening in Karachi held on the 10th December 2025. Organized by Sri Lanka Convention Bureau (SLCB), functioning under the Ministry of Foreign Affairs, Foreign Employment and Tourism in collaboration…
The book building process of Pak Qatar Family Takaful Limited’s IPO will start on 11th December and continue till 12th December where high net worth individuals and institutional investors will subscribe to 100 percent of the issue size. The successful bidders, however, will be provisionally allotted only 75 percent of the issue size; i.e., 37,500,000…
Meezan Bank has signed an agreement with Etihad Airways, the Abu Dhabi–based international carrier, to offer travel-related discounts to Meezan Bank Debit Cardholders. The signing ceremony took place at Meezan Bank’s Head Office in Karachi and was attended by Mr. Ahmed Ali Siddiqui, Group Head of Consumer Finance, Meezan Bank, and Mr. Ahmad Zahoor, General…
The Sri Lanka Convention Bureau (SLCB), functioning under the Ministry of Foreign Affairs, Foreign Employment and Tourism, in collaboration with the Consulate General of Sri Lanka in Karachi and SriLankan Airlines, is pleased to announce the launch of a two-city B2B roadshow in Karachi and Lahore. This initiative forms part of SLCB’s ongoing efforts to…
