Thursday, July 02 2026

PTCL appoints Nadeem Khan as chief executive for 14 days
Pakistan Telecommunication Company Limited (PTCL), the largest telecom services provider in the country, has appointed Mohammad Nadeem Khan as its chief executive for a temporary period of 14 days. The telecom disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. PTCL informed the bourse that Mohammad Nadeem Khan has been appointed chief executive, effective July 2, 2026, replacing Hatem Mohamed Bamatraf. The filing stated that the appointment is effective for a period of fourteen (14) days. Nadeem Khan is the Group Chief Financial Officer (GCFO) for PTCL Group, including PTCL and Ufone 4G. He is a recognised business leader with nearly three decades of professional experience.
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Related symbols: ptcl (news stock)

Wednesday, June 24 2026

International investor eyes majority stake in Pakistan’s TPL Trakker
An international investor has shown interest in buying the majority shares of TPL Trakker Limited, a subsidiary of TPL Corporation Limited, with TPL Holdings (Private) Limited serving as its ultimate parent company. “We are pleased to inform you that an international investment group has expressed its interest in acquiring majority shareholding stakes in TPL Trakker Limited, a subsidiary of TPL Corp Limited,” TPL Corp said in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “This intention remains subject to requisite corporate and statutory/regulatory approvals, due diligence, negotiations with sellers, and execution of definitive agreements,” it added.
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Related symbols: tplt (news stock)

Monday, June 22 2026

Tech experts urge focus on five-layer AI stack to boost IT sector in Pakistan
Tech experts have called for stronger promotion of the IT sector, urging a focus on a five-layer artificial intelligence (IT) stack spanning energy, chips, infrastructure, models and applications. Speaking to Business Recorder, Liaquat Ali, Founder of LA Consulting Corporation, said promoting the IT industry required moving up the five-layer AI stack. “Pakistan competes only at the applications layer today, the most exposed to automation. Target verticals are Islamic finance technology, South Asian agricultural technology, and Urdu-language AI. Export targets must be USD-denominated and tracked quarterly,” he said.
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Govt set to hand over PIA to new owners by month-end
The government is set to hand over Pakistan International Airlines (PIA) to its new owners by the end of the current month, as all remaining codal formalities and documentation have been completed. This was revealed by Prime Minister’s Adviser on Privatisation, Muhammad Ali, in an interview with Business Recorder. PIA was sold in December 2025 to a consortium led by Karachi-based Arif Habib Corporation, which acquired a 75 percent majority stake for Rs135 billion (approximately USD482 million) through a televised auction. Subsequently, Fauji Fertiliser Company (FFC) joined the investor group. The transaction includes Rs10 billion for government equity and Rs125 billion in committed capital for debt reduction and fleet modernisation. Responding to a question, Muhammad Ali said there is no hurdle in handing over the airline to the buyers, although certain issues had to be resolved between the bidding and closing stages of the transaction.
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Related symbols: PIAHCLA (news stock)

Friday, June 12 2026

IT exports fetch USD3.38bn in July-March
Pakistan’s IT sector emerged as a key source of foreign exchange in FY2026, with ICT export remittances increasing by 19.7 percent to USD 3.38 billion during July-March, compared with USD 2.83 billion in the same period last year, according to the Economic Survey of Pakistan 2025-26 released on Thursday. The country also formally moved toward the 5G era through a spectrum auction worth around USD 509.6 million. However, the Survey indicates that the real test now lies in expanding fiber infrastructure, strengthening cybersecurity and introducing forward-looking regulation to support next-generation connectivity and sustain Pakistan’s digital growth momentum.
Related news categories: business economic-indicators tech-comm