Cyan Ltd, DH Partners Ltd to merge into DLL

The Competition Commission of Pakistan (CCP) has approved a merger as part of a corporate restructuring within the Dawood Group, following a review under the Competition Act, 2010, as per a press release. The transaction involves the amalgamation of Cyan Limited and DH Partners Limited into Dawood Lawrencepur Limited (DLL).

As part of the arrangement, all assets, liabilities, and obligations of the merging entities will be consolidated into DLL, with DLL shares to be issued to the shareholders of Cyan Limited and DH Partners Limited.

DLL is a publicly listed company and a subsidiary of Dawood Corporation (Private) Limited, primarily engaged in managing investments in subsidiaries and associated companies involved in renewable energy solutions, including wind and solar energy, as well as maintaining an investment portfolio in local capital markets.

In its phase-I competition assessment, the commission observed that all three companies operate primarily as investment vehicles, managing portfolios across various sectors. The proposed transaction is an internal restructuring within the Dawood Group, as the entities involved are associated companies under the same management.

IDL Investments to acquire Jura Energy shares

IDL Investments Limited from Phoenix Exploration Limited earns approval to acquire shares of Jura Energy Corporation following a review under the Competition Act, 2010, by the Competition Commission of Pakistan, according to a press release.

The transaction involves the purchase of common shares of Jura Energy by IDL Investments pursuant to a Share Purchase Agreement dated 5 March 2025. Jura Energy, a publicly listed company incorporated in Alberta, Canada, is engaged in oil and gas exploration and development and operates in Pakistan through its wholly owned subsidiaries Spud Energy Pty Limited and Frontier Holdings Limited, which hold working interests in various exploration licenses and leases.

IDL Investments Limited, incorporated in the British Virgin Islands, functions as an investment holding company with a diversified portfolio. Prior to the transaction, IDL already held a shareholding in Jura Energy. Through this acquisition, IDL has increased its ownership stake in the company.

Pakistan Conference at Harvard

The Pakistan Business Council (PBC) and The Pakistan Initiative (TPI) announced a Startup Pitch Competition, as per a press release, to spotlight high-potential Pakistani and Pakistan-focused ventures at the upcoming Pakistan Conference at Harvard 2026, scheduled for April 12.

This platform aims to provide high visibility for surface investable ideas and to bridge the gap between the next growth champions, potential investors, senior business leaders, and stakeholders. Directly reflected by the conference’s theme “From Potential to Performance”, this will focus on how talent and ideas are converted into measurable outcomes within the Pakistani economy.

The Startup Pitch Competition will follow a rigorous selection process, with only a shortlisted cohort of founders pitching live at the conference. These pitches will be assessed by a jury including business leaders, venture capital representatives and investors. The organisers aim to focus on the ambitions and the practical outcomes of the ideas, thereby giving preference to ventures that demonstrate a clear problem, a practical solution to it, and their pathways to scale.

Dr Zeelaf Munir, Chairperson, Pakistan Business Council, said about the competition, “At a time when competitiveness and productivity matter more than ever, Pakistan’s next phase of growth will depend on how effectively we convert ideas into scalable, competitive enterprises. This partnership reflects a clear intent from the private sector to back innovation that is commercially viable and globally relevant.”

Zong 5G test update

Zong recently conducted pre-launch testing across its diverse urban topologies, according to a press release, and came away with the following results.

To begin with, live field trials of 5G performance benchmarks reveal peak download speeds of 1400 Mbps+ in Islamabad (Administrative Hub). These speeds are a direct result of the company’s infrastructure investments. Industry analysts may note the high output-to-spectrum ratio of the Zong network, proving that infrastructure maturity and network architecture are the primary drivers of speed.

Zong’s journey with 5G began in 2019 when the company conducted Pakistan’s first 5G trial. It then continued to invest in infrastructure and technology upgrades, as well as artificial intelligence-integrated traffic management between 2021 and 2025.

Published in Dawn, The Business and Finance Weekly, March 23rd, 2026