Air Link Communication Limited and its wholly owned subsidiary, Select Technologies Limited, have achieved the financial close of a Rs4.76bn, 10-year Islamic syndicated term finance facility to support the expansion of their manufacturing operations at the Sundar Green Special Economic Zone. The financing has been arranged through a consortium led by The Bank of Punjab, with Askari Bank Limited
Pakistan's textile industry received a major boost as the 32nd Textile Asia Exhibition concluded in Lahore with business agreements worth more than $350 million. This development indicates growing investor interest and international confidence in the country's manufacturing sector. The three-day exhibition, jointly organized by the Special Investment Facilitation Council (SIFC) and Ecommerc
Pakistan's long-awaited refinery upgrade policy has been submitted to the federal cabinet and is expected to receive approval shortly, paving the way for billions of rupees in refinery modernization investments and the production of Euro-V compliant fuels. Petroleum Minister Ali Pervaiz Malik told the National Assembly Standing Committee on Petroleum on Tuesday that the policy had already been
Pakistan will launch offshore oil and gas exploration later this year for the first time in nearly two decades, Petroleum Minister Ali Pervaiz Malik said on Tuesday, as the government simultaneously advances refinery upgrades and broader reforms in the petroleum sector. Speaking at a meeting of the National Assembly Standing Committee on Petroleum, Pervaiz Malik said the offshore exploration in
Pakistan is preparing to overhaul the way its petroleum market operates by gradually moving away from government-controlled fuel pricing, with plans to introduce greater market transparency through digitalization of the fuel supply chain and the possible publication of daily international benchmark prices. Petroleum Minister Ali Pervaiz Malik shared the government's roadmap while briefing the N