· Oil prices have continued their upward march ever since the advent of the fiscal year, with WTI/Brent currently at US$94.6/97.3 per bbl (up 34%/30% FYTD)
· An overall bearish sentiment to demand and US Fed’s hawkish view of the energy markets could keep demand view in check
· Persistently high oil prices affect emerging market economies through impacts on budget/external balances, inflation, and subsequently monetary policies.… Continue
Jazz, Pakistan’s leading digital operator, inaugurated its state-of-the-art Regional Office, ‘the Digital House,’ on University Road in the vibrant city of Peshawar. Embodying the Jazz identity, this state-of-the-art office boasts an innovative design with spaces geared towards providing a healthier work environment.… Continue
Are you ready to own a piece of BMW’s prestige right at your doorstep within three days? If the idea of experiencing the spirit of BMW through a smartphone intrigues you, you’re in for a treat. In this article, we’ll guide you on how to order the Infinix NOTE 30 VIP, a smartphone that encapsulates the essence of BMW, topping off with 50W wireless charging technology.… Continue
In a ground-breaking development, Pakistan is setting a new standard for labour rights in South Asia through comprehensive legislation to protect and recognise homeworkers. While the implementation phase is yet to be realised, the recent work on the Homebased Workers Act in Sindh province (2018) has been followed by similar enactments in Punjab (2023), Baluchistan (2022), and Khyber Pakhtunkhwa (2021).… Continue
According to Arif Habib Ltd Sales, OGDC PA and PPL PA announced that they are seeking a foreign investor for the Reko Diq project.
The research house, in a brief note on PSX performance said today:-
· Failure to ignite in the last session of the week (-0.4% WoW) and month (+2.7% MoM) but still maintaining 46k.… Continue
LUMS hosted the groundbreaking ceremony of its first green building, ‘Yusuf H. Shirazi Complex’, named after the former Chairman of Atlas Group and one of the founding members of LUMS. The Complex will be a hub of research, innovation and intellectual exchange at the University and house high-impact centres collaborating with industry and government to address the grand challenges of South Asia.… Continue
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a highest ever profit after tax of PKR 224,619mn (EPS: PKR 52.23) during FY23 compared to PKR 133,784mn (EPS: PKR 31.11) in FY22, showcasing a jump of 68% YoY.… Continue
TikTok’s #GhoomoPakistan initiative, launched to showcase Pakistan’s hidden treasures, rich culture and stunning landscapes, has concluded with resounding success, amassing a staggering 2.3 billion video views during the two-month long campaign.
The campaign enthralled audiences with exciting content that highlighted travel experiences from all provinces of Pakistan.… Continue
The Member of Election Commission of SITE Association of Industry (SAI) Zulfiqar Ahmed Chaudhry declared unanimously elected (unopposed) Muhammad Kamran Arbi as President, Muhammad Hanif Ayoob (Tawakkal) as Senior Vice President and Muhammad Farhan Ashrafi as Vice President at the 59th Annual General Meeting (AGM) of SAI chaired by Chief Coordinator and former President SAI Saleem Parekh.… Continue
Mobilink Bank and the United Nations Entity for Gender Equality and the Empowerment of Women, Pakistan (UN Women Pakistan) signed a Memorandum of 
Understanding (MoU) to ignite a transformative wave across Pakistan’s socio-economic landscape, with a steadfast commitment to advancing gender empowerment and revolutionising the financial ecosystem.… Continue
Pakistan National Shipping Corporation (PNSC) Group achieved record-breaking net profit after tax amounting to Rs. 30 billion during the year 2022-23 as compared to Rs. 5.6 billion during the preceding year.
The Board of Directors of PNSC, on Wednesday, 27th September 2023, announced the financial results for the year ended June 30, 2023.… Continue
Bank Alfalah Islamic, the leading Islamic banking institution, is reappointed as a Joint Financial Advisor (JFA) to the Ministry of Finance for 5 years, reinforcing its status as the sole Islamic Banking window among esteemed JFAs, dedicated to provide advisory services for the issuance of Government of Pakistan Ijara Sukuk, Green Sukuk and any Shariah compliant instrument.… Continue
OPPO, a global leader renowned for its cutting-edge technology and innovation, is thrilled to announce a groundbreaking partnership with Jazz, Pakistan’s leading digital communications company, and the prestigious National University of Sciences and Technology (NUST) 5G Research Lab. This alliance marks a historic moment in Pakistan’s technological landscape, solidifying OPPO’s commitment to driving innovation and spearheading technological advancements in the country.… Continue
ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Faisalabad today on the theme ‘Being Bold: 
Shaping a Sustainable Future in Uncertain Times’ featuring the country’s top business and thought leaders and policymakers.
This ground-breaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation.… Continue
Meta today shared updates on how it will help keep Pakistan’s communities safe and protect the integrity of the upcoming Pakistan General Election through its proactive approach, which includes forming an Election Operations team; developing stronger policies to address harmful content and networks; combating misinformation; increasing transparency for political ads, and driving digital literacy and civic education programs.… Continue
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in the Middle East and North Africa (MENA) are optimistic about 2023 revenue projections. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East, and Africa (EEMEA) SME Confidence Index.… Continue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the economy is recovering slowly due to the actions of the government and the army.… Continue
The Professionals Network (TPN) honored Indus Motor Company (IMC) with awards in multiple categories, for its continued commitment and exceptional contribution to the Global Goals, at the 9th International Environment, Health and Safety Summit and Awards 2023. The awards were presented at a ceremony hosted by TPN at Karachi, by Mirza Babar Baig, Sr Vice President/Group Head, National Bank of Pakistan.… Continue
Dawlance has converted one of its manufacturing facilities in Karachi to Solar-Power, with an investment of more than 600,000 Euros. This solar plant will enable the DPL factory to produce 4,000 kilowatts of electricity, enough to meet 20% of the factory’s power needs with renewable energy.… Continue
Pakistan’s largest telecommunication operator, PTCL Group (PTCL & Ufone 4G) collaborated with ConnectHear, a social enterprise working to empower persons with hearing impairment, to organize a sign language training session for its Customer Service Center (Joint Shops) representatives from the North region.… Continue
Nishat Mills Limited (NML) announced its 4QFY23 result earlier today, wherein the entity recorded unconsolidated NPAT of PkR1.03bn (EPS: PkR2.9) for the quarter, lower by 69%QoQ and 18%YoY. This decline in earnings is majorly attributable to a quarterly decline in other income (absence of dividends from power subsidiaries/associates) and high taxation.… Continue
The government’s crackdown against urea hoarders and smugglers has started to yield favourable results as the market prices for farmers have begun to normalise and reduced by around Rs 500 to 600 per bag. Last week, the Interim Interior Minister Sarfaraz Bugti initiated strict action against culprits involved in the smuggling and hoarding essential commodities, like wheat, sugar, urea and oil.… Continue
U.S. Deputy Chief of Mission Andrew Schofer visited Peshawar September 25-26 to reaffirm U.S. commitment to border security and continued support for Pakistan in its fight against cross-border infiltration and militancy in Khyber Pakhtunkhwa. During the visit, DCM Schofer visited the Inspector General of Frontier Corps at the historic Fort Balahisar, where he announced a new $250,000 program to enhance the Frontier Corps’ nighttime operational capabilities.… Continue
Md Alamgir Kabir, vice-chairman of Crown Cement PLC, has been re-elected as president of the Bangladesh Cement Manufacturers Association (BCMA) for 2023-25. Similarly, Imran Karim, vice-chairman of Confidence Cement Ltd, and Abdul Khaleque Pervez, managing director of Diamond Cement Ltd, were also re-elected as the 1st and 2nd vice-president of the BCMA.… Continue
Cheezious, a leading name in the food industry, is thrilled to announce its partnership with the World Wide Fund for Nature (WWF) on the occasion of International Awareness Day of Food Loss and Waste. This collaboration reflects Cheezious commitment to social responsibility and its dedication to addressing critical global issues, such as food loss and waste.… Continue