Pakistan Oilfields earnings of PKR 61.93/share in 1HFY24
Pakistan Oilfields Limited (POL) announced its financial result today, posting a profit after tax of PKR 17,579mn (EPS: PKR 61.93) during 1HFY24 compared to PKR 14,353mn (EPS: PKR 50.57) in…
The sale of substandard and counterfeit medicines is rising in Pakistan.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that the sale of…
TikTok shares measures to combat misinformation ahead of Pakistan general election.
As the Pakistan parliamentary election approaches in February 2024, TikTok has shared its efforts to combat misinformation and uphold election integrity on its platform. The platform’s latest initiatives demonstrate its…
Gulftainer showcases future-ready supply chain and logistics solutions.
Gulftainer, a leading operator of regional ports and terminals, and a provider of customised supply chain and logistics solutions, is set to participate in Breakbulk Middle East 2024 on 12-13…
Karachi Port Trust demonstrates solidarity with the Kashmiri People.
Karachi Port Trust's unwavering commitment to social equality and humanity by organising a solidarity walk in support of the oppressed Kashmiri people on 5th February 2024 at Sea View. Chairman…
LUMS students and recruiter’s network at the annual career fair 2024
Ranked at top in graduate employability in Pakistan by QS Employability Rankings, 95% of LUMS 2022 graduates were employed within 6 months. The dedicated efforts of the LUMS Career Services…
Unity Foods collaborates with Vital Green for agricultural advancement in Pakistan.
Unity Foods is transforming Pakistan's agriculture with strategic collaboration! Unity Plantations, a subsidiary of Sunridge Foods within the Unity Foods Group, has officially signed a crucial agreement with Vital Green…
General Elections on 8th Feb’24 and PSX
According to AKD Research, elections will overshadow next week, and market participation is expected to remain subdued. Following the successful completion of the elections, the market is anticipated to gain…
The Balochistan government provides quality education.
The Balochistan government will work shoulder-to-shoulder with the committed non-profits that opt to work in the province to provide quality education to children from underprivileged and remote areas. This was…
Pakistan and UAE sign agreement for a cargo terminal at Karachi port
Caretaker Prime Minister Anwaar-ul-Haq Kakar witnessed the signing of a commercial agreement between the Authority of Karachi Port Trust Pakistan and Abu Dhabi Ports Group, UAE. This is a commercial…
FPCCI Supports FBR’s restructuring by the Finance Minister
Mr. Atif Ikram Sheikh, President FPCCI, has said that the business community supports the Federal Bureau of Revenue (FBR) restructuring plan as visualized by Dr. Shamshad Akhtar, Federal Caretaker Minister…
OGDC – Profitability may be at risk due to a slump in production in 1HFY2
OGDC is expected to post 2QFY24f NPAT of PKR45.1bn (EPS: PKR10.48) with a QoQ reduction of 8% (up 8% YoY). This shall bring 1HFY24 NPAT to PKR94.1bn (EPS: PKR21.88), flat…
The National Foodpreneur Program launches officially marking a culinary milestone
The National Foodpreneur Program is a collaboration between National Foods Ltd and MasterClass Pakistan, designed to empower individuals passionate about culinary arts to excel in the food industry. The National…
PNSC will acquire an X-band radar for its tanker, Shalamar.
Pakistan National Corporation (PNSC) has significantly upgraded its fleet to cope with marine challenges. As part of this upgrade, the state-owned organisation has issued an international tender to procure a…
Pakistan records declines in cement despatches by 14.79% during January 2024
Cement despatches declined by 14.79% in January 2024. Total Cement despatches during January 2024 were 3.414 million tons against 4.006 million Tons despatched during the same month of last fiscal…
Descon and IFC sign MoU to tackle postharvest losses in staple grains in Pakistan.
In a groundbreaking initiative aimed at addressing the significant postharvest losses of wheat, rice, and maize in Pakistan, Descon (under its Agri Business Line) and the International Finance Corporation (IFC)…
Grenlit Studios secures exclusive Shark Tank License.
Greenlit Studios proudly announces a monumental leap forward by acquiring the Shark Tank license from Sony Pictures Television. This will bring the globally acclaimed entrepreneurial reality show to Pakistan, showcasing…
It is difficult for the new govt to provide immediate relief to the masses: 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 it would…
FBR Chief Commissioner vows to address industrialists’ tax concerns
Imtiaz Ali Solangi, Chief Commissioner of Inland Revenue at the Federal Board of Revenue (FBR), assured industrialists that the doors are always open to address their concerns and issues. In…
48-hours Gas Holiday for all Industries: SSGC
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of line pack, causing low pressures in the system. Pursuant…
Malaysia is increasing purchases of rice and frozen food from Pakistan.
Consul General of Malaysia Herman Hardynata Bin Ahmad has said that although trade volume between the two countries largely favoured Malaysia. Still, Pakistan's share in bilateral trade was also improving as…
Nehaal Naseem becomes Spotify’s first EQUAL Pakistan Ambassador for 2024
Starting the year on a high, Spotify has announced Nehaal Naseem as the first ambassador for its EQUAL Pakistan program for the year 2024. As part of the honour, Naseem's…
Pakistan Oil and Gas Marketing Sector: 7MFY24: Petroleum sales decreased by 13% YoY to 9.07mn tons
The petroleum dispatches during Jan'24 clocked in at 1.38 million tons, depicting a decline of 4% YoY. The reduction in sales comes from i) higher petroleum product prices and ii)…
Installation of an intelligent transport system along the NHA network is direly needed.
Federal Minister for Communications, Mr Shahid Ashraf Tarar, has said that the Intelligent Transport System (ITS) is in dire need of the hour for better and informed decision-making and creating…
KCCI and KATI reject unexpected hike in petroleum price
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while rejecting the unexpected hike in price of petroleum, stated that although a hike somewhere in between Rs5 to…