Connect with us

Corporate News

Mohammad Nadeem Khan Takes Charge as PTCL Chief Executive

Mohammad Nadeem Khan has been appointed chief executive of PTCL after serving 14 days as interim CEO. The appointment was disclosed to the Pakistan Stock Exchange. Khan, a Chartered Accountant, has been associated with the PTCL Group for over two decades and previously served as Ufone CFO and PTCL Group CFO. Major financial transformations, including the Telenor Pakistan acquisition, were overseen during his leadership.

Share on:

Corporate News

Maryam Nawaz Launches Rs50 Million Pink Salt Loan Scheme

Punjab Chief Minister Maryam Nawaz has digitally inaugurated the Pink Salt Value Addition Financing Scheme. A 110-acre mineral processing zone will be established near Quaidabad, where more than 200 units are planned. Investment of Rs150 million is expected to be attracted, while 10,000 direct jobs could be created. Interest-free loans of Rs5 million to Rs50 million will be offered for processing, refining, packaging, machinery and export-standard technology. Annual foreign exchange earnings of up to $300 million are being targeted.

Share on:
Continue Reading

Corporate News

Former Ethiopian Airlines CEO Shortlisted for PIA Top Job

Pakistan International Airlines Corp has reportedly shortlisted Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, for the top role at the newly privatised carrier. The appointment is expected to be officially announced by Sunday, according to media reports. During Tewolde’s leadership, Ethiopian Airlines was transformed into Africa’s largest carrier, with Addis Ababa being developed as a major transit hub connecting cities across the continent.

Share on:
Continue Reading

Corporate News

Pakistan Railways Revenue Hits Record Rs115bn Despite Losses

Pakistan Railways (PR) recorded its highest annual revenue of Rs115.157bn in 2025-26, up 24.19% YoY, though losses were still reported due to limited capacity to compete with road transport. Passenger revenue was raised to a record Rs50.590bn, while freight earnings were increased to Rs40.781bn from Rs31.91bn, showing 27.78% annual and 45% two-year growth. Sundry revenue was lifted 90.82% to Rs16.401bn. Property and land generated Rs11.99bn, scrap sales added Rs1.96bn, and commercial activities contributed Rs2.12bn. Total earnings rose from Rs88.79bn in 2023-24 to Rs92.72bn in 2024-25 and Rs115.15bn in 2025-26. Cash inflows were increased to Rs120.07bn from Rs96.37bn.

Share on:
Continue Reading

Trending