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Indus Motor Profit Rises 10% to Rs7.38 Billion in First Quarter

Indus Motor Company Limited (IMC) reported a 10% year-on-year rise in first-quarter FY2026-27 profit to Rs7.38 billion for July–September 2026, from Rs6.72 billion a year earlier. Profit increased 21% from Rs6.11 billion in the previous quarter. Revenue grew 20% year on year and 11% quarter on quarter to Rs74.02 billion; EPS rose to Rs93.95 from Rs85.49. IMC declared a Rs56-per-share dividend, up from Rs51, with a 59.6% payout ratio. Vehicle sales rose 34% to 13,260 units: Yaris, Corolla and Corolla Cross sales climbed 43% to 10,925, while Fortuner and Hilux sales increased 3% to 2,335. Gross margin was 15.3%, versus 17.19% a year earlier and 10.3% last quarter. Other income rose 11% to Rs3.22 billion; finance costs reached Rs204 million from Rs50 million. CEO Ali Asghar Jamali raised concerns about misuse of the vehicle gift scheme and called for a clear, long-term automotive policy.

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HESCO and SEPCO Boards to Be Reconstituted

The government has approved changes to the boards of three state-owned enterprises: Hyderabad Electric Supply Company, Sukkur Electric Power Company and National Engineering Services Pakistan. The boards of HESCO and SEPCO will be reconstituted, while NESPAK will receive a chairman/independent director. The finance minister said government representatives serving as ex-officio directors should be suitably placed, competent and experienced, with a strong understanding of their institutions. The appointments aim to ensure effective representation of the respective government divisions on the boards.

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PTA Confirms Registration of Two Platforms

The Pakistan Telecommunication Authority has formally registered BIGO LIVE and Likee in Pakistan under Bigo Service Pakistan (Pvt.) Ltd. The registration was made in accordance with the Removal and Blocking of Unlawful Online Content rules.

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Cement Maker Targets Pakistan’s EV Industry

Thatta Cement plans to enter Pakistan’s electric vehicle market through a wholly owned subsidiary. The company will initially import completely built-up electric vehicles from China, aiming to establish an early presence in the country’s developing EV industry. The plan was disclosed in a filing to the Pakistan Stock Exchange.

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