International Steels reported 1QFY24 NPAT of PKR1.1bn (EPS: PKR 2.57)
ISL reported 1QFY24 NPAT of PKR1.1bn (EPS: PKR 2.57), representing a sharp 2.5x YoY increase but lower by 42% QoQ. The result aligns with our projected NPAT of PKR 1.1bn…
NRL plans to establish a CCR (continuous catalytic reforming) unit
National Refinery Limited (NRL) conducted its analyst briefing today to present investors with updates on their FY23 results and offer insights into the future outlook: More recently, the company, along…
Battery production equipment inaugurates a new container terminal in Arendal, Southern Norway.
Morrow Batteries ASA ("Morrow") is receiving the first shipment of battery production equipment this week at the newly established container terminal in Arendal. The container ship "Thea II" arrived in…
Mobilink Bank and BMA Capital Management entered into a Distribution Agreement.
Mobilink Bank has signed a strategic partnership with BMA Capital Management Limited, one of Pakistan's oldest and top financial groups, welcoming the company as a 'Brand Ambassador Organization' to help…
Anti-dumping duties on polyester filament yarn with an effort to monopolize the market
Sohail Nisar, the Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA) and executive committee, have voiced their concerns about the imposition of anti-dumping duties on imported Polyester Filament…
PTCL Group dispels false speculations on U Microfinance Bank
PTCL Group, the largest ICT services provider in Pakistan refutes all claims and rumors regarding the financial health of U Microfinance Bank (Ubank) its wholly-owned subsidiary. Ubank is Pakistan's fastest-growing…
High cost of energy hampering production and exports
Atif Ikram Sheikh, the presidential candidate for FPCCI, expressed on Tuesday that expensive energy is constraining production and exports while burdening the lower-income population. He said that electricity and gas…
OPPO enhances customer experience with monthly “OPPO Service Day” in Pakistan
OPPO, a global technology leader renowned for its innovative smartphone solutions, continues its commitment to enhancing the customer experience with the monthly "OPPO Service Day" in Pakistan. This special event,…
Pakistan’s economy faced multiple challenges in FY23.
The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan's Economy for the fiscal year 2022-23. According to the report, Pakistan's economy faced multiple…
Philip Morris Pakistan reported a total net turnover of PKR 13,641 million in 9MCY24
Philip Morris (Pakistan) Limited (the Company) has released its financial results for the September 30, 2023 quarter, showcasing the impact of economic challenges and industry dynamics on its financial performance.…
SBP introduces new measures to facilitate IT Exporters and Freelancers
In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to…
Nishat Power 1QFY24 earnings at PKR 4.12/share, up by 55% YoY
Nishat Power Limited (NPL) announced its 1QFY24 financial result today where the company posted a profit after tax (PAT) of PKR 1,457mn (EPS: PKR 4.12), up by 55% YoY compared…
National Resources to explore minerals in Chagai, Balochistan
National Resources Limited (NRL) has received an exploration lease for minerals in Chagai district, Balochistan. NRL, which is a subsidiary of YB Pakistan Limited, Reliance Commodities (Pvt.) Limited and Liberty…
Pakistan power generation was up by 4% YoY during Sep’23
Power generation went up by 3.6% YoY (-16.4% MoM) to 13,339 GWh (18,527 MW) during Sep'23, compared to 12,878 GWh (17,886 MW) during Sep'22. During 1QFY24 power generation was also…
Nawaz Sharif will bring equilibrium to the political climate. : 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 Monday that the business…
SITE president demands resumption of subsidy on incremental use of electricity
President SITE Association of Industry Muhammad Kamran Arbi has, in a press statement, drawn the attention of the government towards high industrial power tariffs. He said that the high industrial…
DP World will initially invest over $250 million to upgrade the Dar es Salaam Port.
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region…
WALEE Technologies Tees Off for Breast Cancer Awareness
Walee Technologies Pvt. Ltd. (WALEE), one of Pakistan's leading technology companies dedicated to innovation and community commitment, hosted "WALEE's Pinktober Awareness Session" to raise awareness about breast cancer. This exclusive…
30th WALEE, Chief of Army Staff (COAS) Open Golf Championship concludes on a high note
The 30th WALEE COAS Open Golf Championship, held at the iconic Rawalpindi Golf Club, has concluded, leaving a lasting mark on the golfing community in Pakistan. This prestigious tournament brought…
SBP will likely hold the interest rate at 22% on October 30th.
The MPC is set to commence its next meeting on October 30, 2023, and we expect the SBP to hold the policy rate at 22% in this meeting. To recall,…
PMTF-SSGC-AE ink MoU to promote renewable natural gas
SSGC Alternate Energy (Pvt.) Limited (SSGC-AE) and Pakistan Machine Tool Factory (PMTF) have entered into a Memorandum-of-Understanding (MoU) meant to unlock the potential of "Green Molecules" Renewable Natural Gas. As…
PSO posts PAT of PKR 21.89 billion in 1QFY24. Adds two additional terminals.
Pakistan State Oil (PSO), the national energy icon, has showcased its unwavering determination and resilience by achieving remarkable milestones in the first quarter of the financial year 2023-2024. In this…
Locally-produced medical devices to ensure affordable treatment: Seminar
Healthcare experts urged for the government support and collaboration of stakeholders to develop the local medical devices and equipment sector in the country to meet the local demand of hospitals…
Telenor Pakistan solidifies its resolve towards customers with Customer Day 2023
Telenor Pakistan has completed its annual Customer Day nationwide through extensive on-ground outreach into local communities and neighbourhoods. Valuable customer feedback was gathered through market visits and surveys and will…
5 Tips to Elevate Your Vlogging Experience with Infinix ZERO 30 5G
In the dynamic world of vlogging, where everyone has the liberty to share content, standing out from the crowd has become a considerable challenge. To succeed as a vlogger, you…