News Desk KARACHI: Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion* (approximately USD 53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the development of …

Neem Paymenow is proud to announce a landmark partnership with K-Electric (KE), Pakistan’s only vertically integrated power utility, to provide Shariah-compliant earned-wage access to K-Electric employees. K-Electric serves more than 3.8 million customers across a vast network. These individuals are not only skilled professionals but essential community heroes who repair faults, maintain complex systems, and respond to urgent issues so …

December ends on a high note with record monthly sales of Dhs922.77 million (US$252.81 million) By Rafiq Vayani DUBAI: Dubai Duty Free today announced an historic milestone in annual sales for 2025, achieving Dhs8.680 billion (US$2.378 billion), representing a 9.85% increase over 2024 and making it the most successful year in the retailer’s history. Driven by ten record breaking months, …

JS Bank Limited has successfully automated its Core Banking Close of Business (COB) cycle in partnership with AUTON8, further strengthening the reliability and efficiency of the Bank’s day-end operations. The automation, implemented using AUTON8’s A8 Flow Orchestration Engine, improves coordination across critical banking processes, ensuring consistent and timely completion across core systems. This milestone reinforces JS Bank’s focus on using …

MUSCAT: SalamAir, Oman’s Low-Cost Carrier, has announced its On-Time Performance (OTP) results for the fourth quarter of 2025, reinforcing its commitment to operational transparency, reliability, and customer trust. OTP is an internationally recognized measure of punctuality, calculated by the percentage of flights departing within 15 minutes of their scheduled departure time. During the fourth quarter of 2025, SalamAir operated 5,766 flights and carried 839,630 passengers across its network, achieving …

News Desk DUBAI/KARACHI: Blue Skyline Real Estate proudly presents an Exclusive Dubai Property Meet & Greet, a two-day event designed to connect property seekers and investors with some of the most promising real estate opportunities in Dubai. Scheduled for 3rd and 4th January 2026 (Saturday & Sunday) from 2:00 PM to 7:00 PM at the Marriott Hotel, this event offers …

Lucky Investments Limited has announced the launch of the Lucky Islamic Energy Fund (LIEF), a Shariah-compliant, sector-focused equity fund aimed at providing investors with exposure to Pakistan’s growing energy sector through ethical and disciplined investing. The launch comes at a time when Pakistan’s energy sector is undergoing gradual reform, driven by rising demand, policy initiatives, efficiency improvements, and an increasing …

News Desk DUBAI: This year, Emirates moved 55.6 million customers, circled Earth 29,290 times on nearly 180,580 flights, and placed orders for 73 new aircraft. The airline celebrated its 40th year of operations in October, but the real story of 2025 goes beyond that anniversary milestone, as Emirates plots what the future of flying better really means. Whether you’ve been following …

By Rafiq Vayani RAS AL KHAIMAH: The Emirate of Ras Al Khaimah rang in 2026 with a spectacular 15-minute drones and fireworks display that set a new Guinness World Records title for the ‘Largest aerial display of a phoenix formed by multirotors/drones’. The highlight of the celebration was an awe-inspiring drone performance that transformed the night sky into a living …

Web Desk KARACHI: Barely a week after K-Electric (KE) conducted a massive crackdown in Karachi’s SITE, the power utility led an enforcement drive in the same area as miscreants resumed theft of electricity from a loadshed-exempted industrial feeder. KE’s governance teams, in collaboration with law-enforcement, had last week dismantled the infrastructure where an industrial feeder was being used to steal …