SBP’s reserves increased by US$ 13 million
The total liquid foreign reserves held by the country stood at US$ 13,149.1 million as of 9-Feb-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Speakers urged promoting soybean cultivation : University of Agriculture Faisalabad
Speakers at a conference called for promoting soybean cultivation to curtail national soybean import worth $1200 million, whereas the University of Agriculture Faisalabad has announced the establishment of 1000 demonstration/…
Protein Day 2024: ‘Right to protein’ announces ‘solve with protein’ as the theme for the year
'Right To Protein,' a dedicated awareness initiative powered by the U.S. Soybean Export Council (USSEC), unveils "Solve With Protein" as the theme for Protein Day 2024, to be celebrated on…
Peshawar Zalmi embraces Bank Makramah as the official banking partner
Peshawar Zalmi, renowned for its cricketing prowess and commitment to community engagement, has proudly announced its official partnership with Bank Makramah Limited (BML) for the highly anticipated HBL Pakistan Super…
Sindh Police to provide 200 Officers to KATI & facial recognition tech for enhanced security, IG Sindh
Inspector General (IG) Sindh Police Raja Riffat Mukhtar has announced the forthcoming provision of facial recognition technology for Karachi and 200 additional policemen to the Korangi Association of Trade and…
Meezan Bank: Highest-ever profitability was recorded in CY23.
MEBL announced earnings (PAT) today for 4QCY23 at PKR 26.9bn (EPS: PKR 15.00), depicting an increase of 65% YoY | 4% QoQ (4QCY22 EPS: PKR 8.16). This jump in overall…
PSO 2QFY24 Review: Inventory losses and higher finance costs hit bottom-line
Pakistan State Oil Ltd (PSO) announced its 2QFY24A financial result, reporting an unconsolidated LAT of PkR14.14bn (LPS: PkR30.12), representing a significant decline from PAT of PkR21.8bn (EPS: PkR46.62) witnessed in…
15th Karachi Literature Festival: All set to celebrate the Crystal edition for Cultural and Intellectual Exchange
The Karachi Literature Festival (KLF), one of Pakistan's most anticipated cultural events, is back for its 15th edition. Scheduled from 16 to 18 February 2024, at the prestigious Beach Luxury…
EPCL to announce a final cash dividend of PkR1.5/sh
EPCL's 4QCY23 earnings are expected to clock in at PkR1.62/sh: EPCL will announce its 4QCY23 result sometime during the current month, where we expect earnings of PkR2.0bn (diluted EPS: PkR1.62)…
EFERT is likely to give a cash dividend of PkR7.5/sh in 4QCY23
EFERT 4QCY23 earnings to clock in at PkR7.48/sh: EFERT's board is scheduled to announce their 4QCY23 result today, where we expect the company to report earnings of PkR10.0bn (EPS: PkR7.48)…
Investors are eyeing who would be the new Finance Minister
Positive momentum is building up as the new coalition government is shaping up to be led by the PML-N. Investors are eyeing who would be the new Finance Minister to…
ECC decided that the revision of the sale price/ tariff should be consistent with the revenue requirements of the Sui companies.
The Federal Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar, presided over a meeting of the Cabinet's Economic Coordination Committee (ECC) today. The meeting was attended by the…
Pakistan plans White Oil Pipeline Project
In a landmark achievement, the signing ceremony of the MoU between the Stakeholders on the Consortium Formation for the Machike-Thallian-Tarujabba White Oil Pipeline Project was held today at SIFC Secretariat,…
State Bank of Pakistan suspends the authorization of three exchange companies
State Bank of Pakistan has suspended, with immediate effect, the authorization of the following Exchange Companies till further orders on account of serious violation of State Bank's regulations and instructions:…
Metro Pakistan join hands with Sindh food authority for training on food safety and hygiene
METRO, the leading international wholesale company, in collaboration with the Sindh Food Authority (SFA), recently conducted a day-long training session titled 'Food Safety and Hygiene Training for Food Handlers' in…
Global LNG demand to grow more than 50% beyond 2040
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and Southeast…
University of Agriculture Faisalabad celebrated the Chinese New Year
The Confucius Institute (CI) at the University of Agriculture Faisalabad celebrated Chinese New Year, also known as Happy Spring Festival, at an hour-long ceremony that brought the different performances of…
tapmad redefines the sports and entertainment landscape in Pakistan
In a groundbreaking move, tapmad, Pakistan’s leading OTT platform, has further solidified its position as the home of sports, securing a multi-year rights deal with Sony and various content rights…
HUBC announced an interim cash dividend of Rs4/share
Hub Power Company (HUBC) announced its 2QFY24 result wherein the company reported profit to equity owners of Rs15bn (EPS of Rs11.8), up 15% YoY while down 11% QoQ. HUBC announced…
PTCL Group’s strong operational performance during 2023
PTCL Group, Pakistan's leading telecom and ICT services provider has achieved a double-digit revenue growth of 25.8% during the financial year 2023. PTCL Group has maintained its strong performance, strengthening…
Pakistan Refinery seeks EPC and financing for its expansion project.
Pakistan Refinery Limited (PRL) intends to undertake a mega major Expansion and Upgrade Project at its existing Refinery, located in Karachi, Pakistan and seeks Solicitation of Interest (SOI) from Contractors…
Mastercard expands its partnership with the Bank of Punjab to redefine digital payments for Pakistan’s commercial segment.
Mastercard and the Bank of Punjab (BOP) have expanded their partnership to cover the commercial segment, ranging from large corporate entities and Small and Medium Enterprises (SME) to freelancer and…
Pakistan’s auto sector saw a strong start in January 2024
The automotive industry started the year robustly, seeing an 81% MoM increase in sales, totalling 10,536 vehicles for the month. However, despite this strong sequential performance, sales were down 5%…
Pakistan Petroleum has discovered gas in Sindh.
Pakistan Petroleum Limited has informed the Pakistan Stock Exchange (PSX) that as part of the field development activities in the Adam D&PL area, Hala JV has successfully drilled and tested…
ACCA’s Global Talent Trends 2024 highlights
In a comprehensive survey, ACCA's Global Talent Trends 2024 highlights a critical diversity and inclusion culture, AI's role in the profession, and mental health concerns in the workplace, with an…
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