Consul General of Indonesia Totok Prianamto acknowledged that despite the challenging global economic situation due to Covid-19 pandemic economic and business environment in Pakistan is getting better. He was speaking…

To ensure better planning of Hyderabad-Sukkur Motorway project and attract private investment in this scheme National Highway Authority arranged a Stakeholders' Consultation with the cooperation of Public-Private Partnership Authority (PPPA)…

The total liquid foreign reserves held by the country stood at US$ 19,296.5 million on 23-October-2020.The break-up of the foreign reserves position is as under:- Foreign reserves held by the…

International Human Rights Commission (IHRC) has appointed Mr Asim Irshad as their Ambassador in the Islamic Republic of Pakistan for the next two years. A press note from the Office…

Overseas Investors Chamber of Commerce and Industry (OICCI), the collective body of top 200 multinational companies in Pakistan, expressed its shock and dismay at the action of the FBR Large…

Pakistan's number one 4G operator and largest internet and broadband service provider Jazz invested over PKR 3.7 billion during the 3rd quarter of 2020 with a strategic focus to expand…

ACE Money Transfer, a leading cross-border remittance provider, today advanced its services and partnership with Bank Alfalah by launching a mega incentive campaign for its customers sending remittances to Pakistan…

Pakistan's number one 4G operator and the largest internet and broadband service provider is amongst the largest taxpayers and the biggest foreign investors with an investment of over US$ 9.5…

Fauji Cement Company Ltd (FCCL) posted 1QFY21 NPAT of PKR696mn (EPS: PKR0.50), as compared to our estimate of PKR234mn (LPS: PKR0.17). Higher gross margins because of a steep rise in…

Standard Chartered Bank (Pakistan) Limited today announced its Q3 Results for 2020. The Bank delivered a resilient financial performance in Q3 2020 with year to date Profit before tax of…

Oil & Gas Development Co. Ltd (OGDC) has posted a NPAT of PKR23.4bn (EPS PKR5.45) for 1QFY21, up 43% qoq but down 14% yoy, beating our estimate of PKR4.60/sh. Like…

President Pakistan Businessmen and Intellectuals Forum and former provincial minister Mian Zahid Hussain on Wednesday expressed concern over terror incidents and rising political temperature in the country. Political confrontation between…

Fauji Fertilizer Company Limited (FFC) announced its financial result today where the company posted earnings of PKR 4,628mn (EPS: PKR 3.64) during 3QCY20 in contrast to PKR 3,563mn (EPS: PKR…

HUBC posted 1QFY21 consolidated NPAT of PKR8.14bn (EPS: PKR6.28), up 46%yoy, and up 20%qoq. This is a decent result by HUBC pulled by higher profits from its associate – CPHGC…

SHFA held its FY20 analyst briefing to discuss the hospital's performance and expansion projects in the pipeline. To recall, SHFA reported unconsolidated FY20 NPAT of PKR505mn (EPS: PKR8.18), down 35%yoy…

Mughal Iron & Steel Industries Limited (MUGHAL) announced its result for 1QFY21 wherein the company reported a PAT of PKR 352mn (EPS: PKR 1.40) compared to PKR 193mn (EPS: PKR…

Santex Products, one of the first manufacturers of feminine hygiene products in Pakistan, has partnered with the Institute of Business Administration (IBA), Karachi, to promote awareness around the need to…

PSDF's success lies in operating through an output-based model and partnering with industries to provide market relevant trainings that are directly linked to sustainable income opportunities. PSDF's Industrial Training Program…

The leadership of Businessmen Group and Office Bearers of the Karachi Chamber of Commerce & Industry, while strongly condemning the republication of blasphemous caricatures in France and the Islamophobic remarks…

The Board of Directors of Shell Pakistan Limited ('SPL') announced the third quarter results for the company on 28 October. The company posted an after tax profit of PKR 1,812…

In an endeavor to further digitize payments in Pakistan, Bank Alfalah has announced that they have launched e-ticketing services across its 120+ Cash Deposit Machines (CDMs)deployed in Pakistan. This partnership…

K-Electric, the sole electricity provider to the city of Karachi and its adjoining areas was the target of a ransomware incident in the first week of September. The power utility…

Korangi Association of Trade & Industry (KATI) has demanded action against corrupt elements of Sindh Building Control Authority (SBCA), involved in harassment of Industrialists and also urged Syed Nasir Hussain…

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) during its 8th FPCCI Achievement Awards - 2020 has bestowed two achievement awards to National Bank of Pakistan (NBP) for…