Wednesday, June 4 2025
5 startup trends in Pakistan - Madzine

Top 5 Startup Trends for Pakistan in 2025

Business Desk

As Pakistan moves toward a more digital and sustainable future, the startup ecosystem is evolving rapidly. With increasing government support, […]

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MCB’s New Strategy: Safe Bonds, Less Lending - Madzine

MCB’s New Strategy: Safe Bonds, Less Lending

Business Desk

MCB Bank has released its first-quarter 2025 results, revealing a 10% year-on-year decline in pre-tax profits. However, staying consistent with […]

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Will Transparency Boost Investor Trust in Mining?

Will Transparency Boost Investor Trust in Mining?

Web Desk

Pakistan is signalling renewed intent to unlock its vast but underutilised mineral resources, following the recent Pakistan Minerals Investment Forum […]

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Remittances Soar to Historic High in March-2025

Remittances Soar to Historic High in March 2025

Web Desk

Pakistan’s inward remittances reached an all-time high of $4.1 billion in March 2025, shattering previous records and defying industry forecasts. […]

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SBP Raises Target as Remittances Surge in FY25 - Madzine

SBP Raises Target as Remittances Surge in FY25

Web Desk

Overseas Pakistanis send record-breaking $4.05 billion in March, pushing SBP to raise remittance target for FY25. In a major boost […]

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Textile and IT Exports Power Pakistan’s Growth - Madzine

How did Pakistan go from $1.73 billion deficit to $691 million surplus?

Web Desk

According to SBP data, Pakistan recorded a current account surplus of $691 million during the first eight months of FY25, […]

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PIA Returns to Profit After 21 Years of Losses - Madzine

PIA Returns to Profit After 21 Years of Losses

Nizam Khaskheli

In a major financial turnaround, Pakistan International Airlines (PIA) has reported its first annual net profit in 21 years, achieving […]

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Madzine - New Oil Prices Ease Pressure on Pakistan's Economy

New Oil Prices Ease Pressure on Pakistan’s Economy

Web Desk

Global oil price decline offers mixed blessings for Pakistan’s economic outlook Recent drops in global oil prices present a potential […]

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Madzine - PALSP Stands for Energy Equality in Karachi

PALSP Stands for Energy Equality in Karachi

Business Desk

The Pakistan Association of Large Steel Producers (PALSP) has appealed to President Asif Ali Zardari to urgently resolve the prolonged […]

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Madzine - Fiscal Progress: Pakistan's Tax Collection Reaches New High

Fiscal Progress: Pakistan’s Tax Collection Reaches New High

Business Desk

Provincial government employees’ tax payments nearly triple to PKR 56 billion, highlighting a dramatic increase across all sectors Salaried Workers […]

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Indus Motors Company

Indus Motors Company Loses Embezzlement Appeal, Executive Acquitted

Nizam Khaskheli

In a significant blow to M/s Indus Motors Company Limited, the High Court of Sindh at Karachi today dismissed its appeal to overturn the acquittal of former senior executive Tariq Mehboob Cheema. Mr. Cheema, accused of criminal breach of trust and fraud causing losses of over Rs. 8.5 million, has been fully acquitted, with the […]

Priyanka Devi Acquitted in U.S. Visa Fraud Case: Court Cites Legal Flaws

Nizam Khaskheli

Today, the High Court of Sindh at Karachi acquitted Ms. Priyanka Devi of a conviction under Section 471 of the Pakistan Penal Code (PPC), which pertains to using a forged document as genuine. The decision overturns an earlier judgment by the Additional Sessions Judge-II, Karachi (South), which had upheld Ms. Devi’s conviction but altered her […]

Beach Luxury Holdings

Beach Luxury Holdings merger greenlit by High Court

Nizam Khaskheli

In a significant move for the Pakistani corporate landscape, the High Court of Sindh, Karachi, has sanctioned a complex Scheme of Amalgamation involving Beach Luxury Holdings (Pvt.) Ltd. and its associated companies, Spencer & Company (Pvt.) Ltd. and Physons (Pvt.) Ltd.. The order, issued on April 24, 2025, by Justice Adnan Iqbal Chaudhry, approves a […]

National Foods Limited

National Foods Limited wins customs duty and sales tax exemption

Nizam Khaskheli

In a ruling that could ease the path for industrial development within its Special Economic Zones (SEZs), the High Court of Sindh at Karachi has sided with National Foods Limited, overturning earlier decisions that denied the company customs duty and sales tax exemptions on imported prefabricated building structures. The judgment, issued on May 12, 2025, […]

ICI Pakistan

ICI Pakistan reprimanded as court rejects photocopy evidence

Nizam Khaskheli

In a significant ruling handed down on February 17, 2025, the High Court of Sindh at Karachi dismissed an application by ICI Pakistan Limited (now Lucky Core Industries Ltd.) to introduce secondary evidence in a 2015 lawsuit seeking to recover over Rs. 26.5 million from Al Abid Silk Mills Limited. The court’s decision hinged on […]

Porsche wins $1.9M suit against Performance Automotive

Nizam Khaskheli

In a significant decision for international commerce and arbitration, the High Court of Sindh at Karachi has recognized and moved to enforce a foreign arbitral award in favor of Porsche Middle East and Africa FZE against Performance Automotive (Pvt.) Ltd.. The judgment, issued on May 19, 2025, by Justice Muhammad Osman Ali Hadi, underscores Pakistan’s […]