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Category: Business

EXIM Bank Expands SME Financing with New Sub-Office in Faisalabad

FAISALABAD: In a strategic move to bolster Pakistan’s export sector, the government is expanding financial support for Small & Medium Enterprises (SMEs) by addressing credit access challenges, as announced by EXIM Bank’s President Shahbaz Huss…

Hub Power Company Reports 8% Increase in Annual Profit for FY26

Karachi: The Hub Power Company Ltd (HUBC) announced an 8% increase in its consolidated net profit after tax (NPAT) for the fiscal year 2026, amounting to PkR49.6 billion, during an analyst briefing earlier today. The company also declared a cash divid…

Pakistan’s Petroleum Offtakes Decline Amid Transporter Strike

Karachi: Pakistan’s petroleum industry experienced a 3% year-on-year decline in offtakes for August 2026, totaling 1.26 million tons, due in part to a transporter strike. This also represented a 16% decrease from the previous month. However, the first…

PSO Recognizes Dealers as Key to Pakistan’s Energy Security

Karachi: Pakistan State Oil (PSO), the national energy enterprise, hosted the PSO Excellence Awards 2026 in Karachi, celebrating dealer partners nationwide for their exceptional retail performance and underscoring their vital role in ensuring uninterr…