Air Link Communication Limited (PSX:AIRLINK) is to establish an electric bike manufacturing project under its own brand, AirV, after the Company's Board of Directors approved the initiative. The project envisages the establishment of an advanced electric bike assembly plant at the Company's manufacturing facility located in the Sundar Green Special Economic Zone (SGSEZ), Lahore. The initia
Waves Home Appliances Limited (PSX: WAVESAPP) will raise its paid-up capital by issuing 150,015,772 right shares, its Board of Directors decided at a meeting held on 23 July 2026. The right shares, having a face value of Rs10 each, will be offered to existing shareholders in the ratio of 56 shares for every 100 shares held, i.e. 56.00% of the company's existing paid-up capital. The shares will
Sitara Petroleum Service Limited (PSX: SPSL) has clarified that certain media and social media reports currently in circulation relate to companies belonging to the Sitara Group of Industries, including Sitara Energy Limited and Sitara Chemical Industries Limited, and do not pertain to SPSL. The Company confirmed that it is not part of the Sitara Group of Industries and has no ownership, manage
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $32.8 million or 0.19% WoW to $17.26 billion during the week ended on July 17, 2026, data released by State Bank of Pakistan showed on Thursday. However, the country's total liquid foreign exchange reserves slipped by $5.9m, or 0.03% WoW, to $22.67bn, as reserves held by commercial banks declined during the week
Prime Minister Shehbaz Sharif has directed authorities concerned to further improve the country's digital infrastructure, stressing that the promotion of the IT sector and enhancement of IT-related exports remain among the government's top priorities. The directive came as the Prime Minister chaired a review meeting on the implementation of the strategic roadmap for the Information Technology s