KARACHI: Yango Pakistan has launched Yango Rides for Business, a corporate ride service that introduces tailored mobility solutions for businesses of all sizes in Karachi and Lahore, with Islamabad scheduled to go live soon.

The company has introduced various corporate transportation options, ranging from a three-seater car to a 62-seater bus, and provides companies with up to 30pc savings on employees’ transportation expenses.

Through a single centralised dashboard, this corporate rides solution leaves full freedom in the hands of the companies to monitor usage, manage ride requests, and make a detailed analysis for smooth decision making,” Miral Sharif, Country Head at Yango Pakistan said.

HubSalt signs solar battery deal

HubSalt has signed an agreement with China’s LIVOLTEK to deploy a hybrid solar and battery storage system at its facility.

The engineering, procurement and construction (EPC) contract has been awarded to Optimisen Pvt Ltd.

The agreement was formalised by LIVOLTEK’s Asia Pacific Director Max Ma and HubSalt Chief Executive Ismail Suttar. Optimisen CEO Yasir Mehdi Khan was also present.

Wafi Energy-IMC partnership

Wafi Energy Pakistan and Indus Motor Company have entered into a strategic partnership to supply Toyota Genuine Motor Oil (TGMO) in Pakistan.

Wafi Energy will supply two key product grades — Petron Plus 10W-30 and Petron 20W-50, says a press release.

Sitara raises Rs4.8bn

Sitara Petroleum Service Ltd has concluded its book-building phase with the strike price determined at Rs18.90 per share.

The IPO was oversubscribed seven times at Rs11.7bn. Including the earlier pre-IPO placement of Rs1.67bn, the total transaction size stands at up to Rs4.8bn. The IPO comprises a total offering of 279.9 million shares, representing 16.66pc company’s paid-up capital.

Published in Dawn, May 7th, 2026