KARACHI: Service Long March Tyres Limited’s initial public offering (IPO) book building has witnessed historic investor participation which was oversubscribed 16.7X generating total interest of approximately PKR 69.4 billion (250 million dollars) during the two-day process, marking a remarkable milestone for Pakistan’s capital market. The IPO received the the highest ever bids by any IPO at PSX. The level of …

News Desk KARACHI: Pakistan’s Islamic banking industry is expected to maintain its strong growth momentum, with total assets projected to reach Rs18–19 trillion by December 2026, compared with Rs14.47 trillion by December 2025, according to industry estimates shared during a media briefing held by Meezan Bank in Karachi. The briefing was addressed by Ahmed Ali Siddiqui, Group Head Consumer Finance, …

By Rafiq Vayani DUBAI:Sherpa Communications, a leading B2B-focused business consultancy and PR agency operating across the Middle East region and Africa, has been recognised with the ‘Editor’s Choice: Excellence in Real Estate Business Consultancy’ award at the Gulf Business Real Estate Awards 2026. This recognition reinforces Sherpa Communications’ position as a trusted strategic partner in the built environment ecosystem. The …

ABU DHABI: Building on the successful collaboration launched last year, e& UAE in cooperation with the General Authority of Islamic Affairs, Endowments and Zakat (Awqaf), has announced an exclusive package dedicated to its customers performing Hajj, aimed at supporting their digital needs and enabling seamless communication with their families during the forthcoming Hajj season. This collaboration reflects e& UAE’s commitment …

By Rafiq Vayani KUALA LUMPUR: Sultan Ibrahim presented the Letters of Credence to 15 newly appointed Heads of Diplomatic Missions of Malaysia during an official ceremony held at Istana Negara. The ceremony was attended by Mohamad Hasan and senior officials from Malaysia’s Ministry of Foreign Affairs. Among the distinguished diplomats appointed was Abu Bakar Mamat, who has been named the …

News Desk KARACHI: The Consulate General of Malaysia in Karachi attended the International Summer Drinks Show by Biz Today International powered by Hamdard Laboratories held at The Wok Hei Restaurant on Saturday, 16 May 2026. The event offered a refreshing experience featuring a variety of creative summer beverages prepared by talented student chefs. The participants showcased an impressive range of …

By Rafiq Vayani DOHA: Qatar Tourism, in collaboration with the Ministry of Interior (MOI) and Hamad International Airport (HIA), has launched a service excellence training programme for immigration officers working across Qatar’s key entry points, reinforcing ongoing efforts to deliver a seamless and welcoming arrival experience for visitors. The first training session is scheduled to commence on May 17, with …

Pre-booking and Advance Payment Services Available Through Stores and Smart Digital Platforms DUBAI: Union Coop has announced the completion of its operational preparations for the upcoming Eid Al Adha season through a comprehensive plan aimed at ensuring the availability of large quantities of high-quality sacrificial livestock to meet the increasing demand across Dubai and the UAE. Mr. Mohamed Al Hashemi, …

News Desk DUBAI: Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced maintenance, repairs and overhaul (MRO) facility, cementing Emirates’ and Dubai’s leadership in global aviation capability and infrastructure. Emirates’ new engineering facility is being delivered by China Railway Construction Corporation, a leading construction and …

By Rafiq Vayani DUBAI: This week, Pakistan successfully issued a 3-year RMB 1.75 billion panda bond in the Chinese interbank market for the first time. This milestone transaction not only broadened Pakistan’s international financing channels but also marked its first entry into the Chinese capital market. Standard Chartered (China) Ltd. Co, as the only foreign bank serving as joint lead …