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Business
JazzWorld Acquires TPL Insurance to Expand Digital Insurance Access Across Pakistan
Jazz International Holding Limited (JIHL), a subsidiary of global digital operator VEON Ltd., has completed the acquisition of a controlling stake in TPL Insurance Limited, a publicly listed insurer in Pakistan.Following the completion of the transaction, including a mandatory te...
Business
Oil prices hit one-month high as US-Iran hostilities raise supply concerns
Global oil prices climbed to their highest level in a month on Tuesday as hostilities between the United States and Iran entered a third consecutive day. The escalation has raised concerns over shipping security through the Strait of Hormuz and tightened expectations for global c...
Business
Select Technologies raises PKR 3.02 billion in IPO as investor demand drives 21% premium
Select Technologies Limited, a Pakistani technology company that manufactures and assembles smartphones and consumer appliances, has raised PKR 3.02 billion through its initial public offering (IPO) after strong demand from institutional and retail investors.The company offered 8...
Business
Bank Alfalah raises PKR 20 billion in Pakistan's largest bank TFC issuance
Bank Alfalah has raised PKR 20 billion through a AAA-rated Tier 2 Term Finance Certificate (TFC), completing what it said is the largest TFC issuance by a Pakistani bank and the lender's first AAA-rated debt issue.The issuance, approved by the State Bank of Pakistan, attracted st...
Business
Pakistan auto sales jump 39% in FY26 as pre-budget buying lifts June demand
Pakistan's automobile sales surged 39% in fiscal year 2025-26 to 206,445 units, marking a strong recovery for the industry as improving consumer demand, expanding auto financing and new model launches boosted purchases, analysts said.The momentum extended into June, when vehicle ...
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