Surprising stability of the rupee welcomed: Mian Zahid Hussain
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and former provincial minister Mian Zahid Hussain on Saturday said the surprising rupee stability is a positive development that will restore the confidence of local and foreign investors.… Continue
TECNO brings exciting gifts for fans with #CAMONSUMMER
TECNO is doing a fun activity for photography lovers this month. Fans can share their summer activity pictures and win exciting prizes from TECNO. As summer brings vacation time for most people, TECNO urges you to have fun with friends and family and share your pictures using the Camon series phone.… Continue
Lotte Chemical Pakistan announced a surprise healthy payout of PKR 4/sh
Beating street estimates, LOTCHEM posted NPAT of PKR2.79bn (EPS: PKR1.84) in 2QCY22, up a sharp 189% YoY and 7% QoQ. This is against our estimate of PKR1.2bn (EPS: PKR0.81), where the major deviation stemmed from higher-than-expected PTA-PX spreads and topline growth.… Continue
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
Pakistan registers progress in routine childhood immunisation
The latest WUENIC estimates of national immunisation coverage reveals that Pakistan improved its national routine childhood immunisation rates in 2021 and reduced the number of ‘zero-dose’ children (ZDC) who miss out on vaccines by nearly half – a strong recovery after the number of ZDC in the country rose significantly in 2020.… Continue
National Bank committed to protect customers’ confidential information
The National Bank of Pakistan (NBP) has advised its customers to remain vigilant and follow key steps to protect their confidential information. Impersonating NBP representatives, fraudulent elements have been found offering fake cash prize schemes to get customers confidential information to fleece them.… 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
Hutchison Ports Pakistan sponsors Pakistan’s youngest table tennis player
As a commitment to support young talent of Pakistan, Hutchison Ports Pakistan, the country’s first deep-water container terminal has sponsored sports trip of Hoor Fawad – Pakistan’s youngest table tennis player in the women category – to represent Pakistan at the Islamic Solidarity Games, scheduled to commence on August 9 in Konya, Turkey.… 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
KATI forms a 7-member committee to help the floods victims in Balochistan
President of Korangi Association of Trade and Industry (KATI) Salman Aslam has announced a 7-member committee to help the victims of rain and flood in Balochistan under his supervision. Other members of the committee include Vice President KATI Farrukh Ali Qandhari, Junaid Naqi, Hamud-ur-Rahman, Umar Saeed, Ahsan Farooqui and Mir Jan.… Continue
realme is on the Hunt for the Ultimate realme Super Fan During the 828 Fan Fest
realme’s fans are the backbone to its success as a global technology brand. The incredible loyalty and commitment to the brand that they show is inspiring for realme. The tech democratizer always surprises its users with new innovations and exciting products.… Continue
KCCI urged Sindh Chief Secretary for having Citizen Oversight
Sindh Chief Secretary Dr. Muhammad Sohail Rajput during his visit to Karachi Chamber of Commerce and Industry (KCCI) informed the business community that, Sindh government has approved Rs. 2.5 billion to restore the city’s damaged infrastructure after the Monsoon rains out of which Rs.… 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
The positive momentum continued at the PSX as investors remained active throughout the day
· The positive momentum continued at the PSX as investors remained active throughout the day. The market traded in the green zone as Pak rupee continued its upsurge against the US dollar. Main board activity remained active although hefty volumes were witnessed in the 3rd tier stocks.… 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
Meezan Bank and Arif Habib Group enter into a strategic partnership for apartment development under Musharakah Mode
Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at Naya Nazimabad. This collaboration will allow customers to opt for the Shariah Compliant Home financing services offered by MBL.… Continue
SBP enhanced monitoring of Exchange Companies and Banks to control volatility
In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, State Bank of Pakistan (SBP) has increased the monitoring of the foreign exchange operations of ECs and banks.… Continue
Governor SBP to set up a joint interaction committee with FPCCI
Dr. Murtaza Syed, Governor (A) State Bank of Pakistan (SBP) has announced the formation of a committee and appointment of an SBP liaison officer for close coordination with the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and timely redressal of grievances of business committee.… 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
New British Council commission marks 75th anniversary of Pakistan
The British Council and Victoria and Albert Museum (V&A) have launched What is Seen and What is Not by inter-disciplinary artist Osman Yousefzada, at the V&A in London. This series of interventions responds to the 75th anniversary of Pakistan and explores themes of displacement, movement, migration, and the impact of the climate crisis.… Continue