PSX: Outlook and recommendation for trading on Monday
We expect the market to retain the positive momentum in the coming week. The monetary policy announcement is scheduled in the upcoming week, where we expect policy rate to remain…
easypaisa and Telenor Pakistan join forces to financially empower millions
Pakistan's leading digital financial services platforms, Easypaisa and Telenor Pakistan, have joined forces to solidify their commitment towards advancing innovation in digital financial services. Through this renewed partnership, both entities…
Pakistan wins eight awards in APICTA.
Muhammad Zohaib Khan, Chairman of Pakistan Software Houses Association (P@SHA), has informed us that Pakistani IT firms won major awards on Friday in the Asia-Pacific Information & Communication Technology Alliance…
Pakistan workers send record remittance in November 2023
According to State Bank of Pakistan, workers' remittances recorded an inflow of US$2.3 billion in Nov 23. Regarding growth, during Nov 23, remittances decreased by 8.6 per cent on m/m and…
Gas & Condensate discovered in district Tando Allah Yar, Sindh Province.
Pakistan Stock Exchange Limited has been informed that a Joint Venture of Dars West Development and Production Lease (D&PL) comprising Oil & Gas Development Company Limited (OGDCL) as Operator (77.5…
State Bank of Pakistan launches guidelines for a regulatory sandbox for public consultation.
State Bank of Pakistan has issued draft Guidelines on Regulatory Sandbox for public consultation. The regulatory sandbox provides a controlled environment for innovators to test innovative products, business models, and…
The economy must grow three times to reach the export target of $100 billion: Mian Zahid Hussain.
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 Friday that the size…
KATI pledges unprecedented support for Minister Dr. Gohar Ejaz’s ambitious $100 billion export vision.
The Korangi Association of Trade and Industry (KATI) has pledged unwavering support to the Federal Minister for Industry and Commerce, Dr. Gohar Ejaz, in his bold endeavor to propel the…
Boskalis launches tenth issue Creating New HORIZONS magazine
Boskalis today launches the tenth issue of its Creating New HORIZONS magazine, available at www.boskalis.com/magazine. The magazine features articles and videos on groundbreaking projects and activities through which Boskalis fulfils its…
Karandaaz hosts the first roundtable on open banking with eco-system experts
Karandaaz Pakistan, a development finance firm at the forefront of promoting financial inclusion and driving digital transformation in Pakistan, held the first roundtable session to deliberate on Open Banking with…
Meezan Bank partners with Befiler to provide tax facilitation services for freelancers
Meezan Bank, Pakistan's leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer Account…
Pak Elektron believes sales will recover in 2024
Pak Elektron (PAEL) conducted its corporate briefing today, where the management discussed the company's 9M2023 result and future business outlook. In 2023, the appliances industry faced challenges due to restrictions…
Iran seeks to enhance economic cooperation with Pakistan.
His Excellency Hassan Nourian, the Consul General of the Islamic Republic of Iran, has expressed the enduring and robust diplomatic the enduring and robust diplomatic relations between Iran and Pakistan.…
Descon Oxychem celebrates the 10 million safe hour’s milestone.
Descon Oxychem has completed 10 million safe hours from December 2008 to November 2023. This remarkable milestone exemplifies the company's dedication to safety and underscores its commitment to business excellence.…
SBP’s reserves decreased by US$ 237 million
The total liquid foreign reserves held by the country stood at US$ 12,107.1 million as of 01-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Germany is exploring possibilities of collaboration in sustainable textile and leather in Pakistan.
Pakistan's Representative in the German Emirati Joint Council for Industry & Commerce (AHK), Muhammad Usman, has said that the German government and businesses have been looking towards Pakistan in recent…
Maersk will deploy the first large methanol-enabled vessel on the Asia – Europe trade lane.
A.P. Moller - Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the…
Fatima Fertilizer’s “Salam Kissan” Campaign wins the prestigious DRUM Award in London in 2023.
Fatima Fertilizer, a leading name in the fertilizer industry, has once again garnered international acclaim with its groundbreaking "Salam Kissan" campaign, winning the prestigious Drum Award 2023 in London in…
Ufone 4G’s offers exciting discounts, free subscriptions to SHOQ and Golootlo
Pakistani telecommunication company Ufone 4G has enhanced the value of its Digital Grand Offer by adding exciting discounts and free subscriptions to PTCL's digital OTT platform, SHOQ and popular discounts…
EFERT is expected to record the highest YoY increase of 130% to 220K tons in Nov-2023
Pakistan's Urea sales in Nov-2023 are expected to clock in at 610k tons, up 5% YoY compared to 583k tons in Nov-2022. The same is expected to be up 33%…
JS Bank partners with SOS Pakistan to provide employee banking solutions
JS Bank, one of the fastest-growing banks in Pakistan, has signed a memorandum of understanding (MOU) with the Security Organizing System (SOS) Pakistan. JS Bank will leverage its financial expertise…
Mobilink Bank reaffirms commitment to gender-responsive climate finance at COP28 UAE
Mobilink Bank has reaffirmed its commitment to fostering gender-responsive climate finance at the Conference of the Parties (COP28) held in UAE. Representing the bank, Chief Operating Officer Haaris Mahmood Chaudhary addressed…
TCS Pioneers Green Logistics with 50 Electric Bikes
With a bold move towards sustainable practices, TCS has become one of Pakistan's leading proponents of eco-friendly transportation. By equipping their riders with 50 cutting-edge ezBikes, TCS enhances delivery efficiency…
SBP issued instructions for enabling ‘RAAST’ person to merchant service
State Bank of Pakistan has instructed its Regulated Entities (REs) to enable RAAST Person-to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments…
Gulftainer holds a roadshow in China.
Gulftainer, a leading regional ports and terminals operator, and tailored supply chain and logistics solutions provider, has conducted a successful roadshow in China to highlight the integrated trade and logistics…