Business

MLCF PIOC merger speculation is intensifying as both companies schedule September 2 board meetings, with analysts estimating 2.1–2.6 MLCF shares for every PIOC share.

Asyad Group has reaffirmed its confidence in Pakistan while exploring new investments in airport operations, energy infrastructure and the financial sector.

Pakistan has placed ISGS at the centre of its $6 billion refinery upgrade programme, handing it responsibility for agreements, monitoring and incentive payments.

The Port Qasim multipurpose terminal could handle 16 million tonnes annually as PQA seeks financially strong local and international developers.

Moody’s upgraded Pakistan’s sovereign rating from Caa1 to B3 after foreign exchange reserves increased, domestic financing costs declined and fiscal indicators improved. However, Pakistan remains in speculative-grade territory with substantial debt and external financing risks.

Fast Cables has joined AKD Securities, AJCL and Mughal Steel in a consortium seeking management control of GEPCO through Pakistan’s power privatisation programme.

Engro Holdings profit fell 56% to Rs30.4 billion in 1H CY26, but adjusted owners’ earnings surged nearly 79% as last year’s one-off gains faded.

Tasdeeq PSX listing begins August 24 at PKR 3 per share, making it South Asia’s first listed credit bureau. Here’s what investors need to know.

Pakistan meat exports rose 16.2% to $47 million in July 2026 despite lower shipment volumes, while tobacco, rice and oilseeds also recorded strong export growth.

FrieslandCampina Engro Pakistan’s profit surged 234% to Rs4.4 billion in H1CY26 as margins widened and finance costs fell, but the board recommended no fresh dividend.

Hoechst Pakistan has declared an 800% interim cash dividend after half-year profit surged 63%, while management moves deeper into a potential pharmaceutical acquisition.