In a move aimed at bolstering Pakistan’s energy infrastructure, Frontier Works Organization (FWO) has mandated local banks to arrange a project finance facility of up to Rs 75.9 billion. HBL has been appointed as the InterCreditor Agent and Mandated Lead Arranger for the facility. Frontier Oil Company (FOC), a project company of FWO, is raising this strategic financing to develop a dualcarriage
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of the Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. On February 3, 2026, Fauji Cement Company Limited and Kot Addu Power Company Limited filed a pre-merger application for th
Pakistan’s long-awaited 5G spectrum auction will be held on March 10, 2026, with major telecom operators already depositing USD45 million as advance participation fees, signalling strong industry interest in the rollout of next-generation mobile services. The National Assembly Standing Committee on Information Technology and Telecommunication was chaired by Syed Amin ul Haq, MNA, in which the c
Janana De Malucho Textile Mills Limited has announced the resumption of operations with effect from February 26, 2026. The listed company, engaged in the manufacture and sale of yarn, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “We are pleased to inform that the company’s management has decided to resume its production activities with effect from 26-02-
Oil prices inched down on Friday and were on track for a weekly decline after the United States and Iran extended nuclear talks, easing concerns about potential hostilities that could disrupt supply, while OPEC+ may resume output hike at its Sunday meeting. Brent crude futures lost 5 cents to $70.70 a barrel by 0331 GMT. U.S. West Texas Intermediate crude fell 1 cent to $65.20. For the week,