Magazine Features

During the week, the KSE-100 gained 1,946 points

During the week, the KSE-100 gained 1,946 points and closed at 42,096 points. The positive progress led to the development in external accounts since the assuring statements of the top executives of SBP and the finance ministry that the IMF tranche to arrive shortly as Pakistan has met all prior actions for the review, including the arrangement of USD4.0bn from friendly countries.… Continue

Finance Minister launches “EMLAAK Financials”,

As a landmark and first of its kind initiative in Pakistan’s capital market landscape, “Emlaak Financials” the first digital aggregator platform for mutual funds has been formally inaugurated by the Honorable Federal Minister for Finance & Revenue, Dr. Miftah Ismail on Aug 5, 2022 at CDC House, Karachi.… Continue

Bulls triumphed the trading session at PSX today

· Bulls triumphed the trading session at PSX today. In the first trading session, KSE-100 index remained in the green zone as value buying was witnessed across the board. In the second session, investors gained confidence due to positive news flows regarding the IMF Program resumption as Pak rupee further appreciated against the US dollar.… Continue

Lucky Cement announces highest ever-consolidated earnings of PKR 36.42 billion FY 2022

On a consolidated basis, Lucky Cement Limited, once again, reported its highest ever profit after tax of PKR 36.42 billion for the year ended June 30, 2022, of which PKR 6.93 billion is attributable to the non-controlling interests. This translates into earnings per share (EPS) of PKR 91.22 / share as compared to PKR 70.69 / share reported last year.… Continue

PNSC acquires two secondhand Aframax Crude oil tankers

Pakistan National Shipping Corporation (PNSC) has announced the acquisition of M.T Mardan, inducted into its fleet on August 3rd, 2022. The other vessel, M.T Sargodha, will be inducted within a week. With the induction of these two vessels, PNSC’s carrying capacity will increase to 107,123 Metric tons; the highest PNSC has achieved since its inception in 1979.Continue

U.S. Ambassador Donald Blome visits Khyber Pakhtunkhwa

U.S. Ambassador Donald Blome visited Khyber Pakhtunkhwa (KP) on August 3 and 4 to highlight the U.S. government’s extensive economic and development assistance, which has benefited the residents of Khyber Pakhtunkhwa over the past 75 years of bilateral relations.  During his trip, Ambassador Blome called upon Chief Minister Mahmood Khan and emphasized that the United States wishes to continue cooperation on economic development, commerce, educational partnerships, and investment that have helped the region and its people.… Continue

Sui Northern Gas Pipelines Company wins international litigation against QATPL

· The London Court of International Arbitration (LCIA) has ruled in favour of Sui Northern Gas Pipeline Limited (SNGP) on its claim against Quaid-e-Azam Thermal Power (Private) Limited (QATPL).

· QATPL is wholly owned by the Government of Punjab. The company owns and operates re-liquefied Natural Gas (RLNG) based Combined Cycle Gas Turbine (CCGT) power plant of 1,183 MW generating capacity at Bhikki, District Sheikhupura – Punjab.… Continue

Integrated approach imperative for family planning, FP 2030 Partners

Stressing the need and importance of family planning towards achieving national goals and country’s development, Experts lauded the role of Provincial Minister of Health and Population Welfare (Sindh), Dr Azra Fazal Pechuho and Secretary Health Sindh, Zulfiqar Ali Shah, for their continuous efforts towards putting the agenda of family planning at the forefront and introducing reproductive health bill.… Continue

Shah expresses condolences

The Chairman of the Matric Board Syed Sharf Ali Shah expressed his heartfelt condolences on the death of Basharat Ahmad, the brother-in-law of Imran Tariq Sahib and assistant in the board, and prayed that Allah bless him and grant him complete forgiveness.… Continue

Gear up for Free Fire’s 5th anniversary celebrations

Free Fire’s 5th anniversary celebrations are off to an exciting start as it launches a spectacular 5-part extravaganza to delight fans and players. The festivities are set to culminate on 27 August with several in-game content drops involving global icon Justin Bieber, who is headlining this special anniversary collaboration.… Continue

METRO join hands with Indus Hospital

METRO, the leading international wholesale company, has joined hands with Indus Hospitals and Health Network (IHHN), to extend its support for their health and charity initiatives. As part of the support METRO Pakistan (Pvt) Limited commemorated the World Hepatitis Day at its Canal and Model Town Stores in Lahore, where Indus Hospitals setup kiosks for creating awareness and distributed flyers among the staff and customers.… Continue