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…
METRO Pakistan receives prestigious consumer choice award in the retail sector
METRO Pakistan, a leading wholesale and retail company, is thrilled to announce its remarkable achievement at the 17th Consumer Choice Award ceremony at the Governor House in Karachi. The esteemed…
Zonergy Corporation showcases Smart Energy Products at Solar & Storage Live UK 2023.
The Birmingham International Convention and Exhibition Center was innovative from October 17th to 19th, 2023, as Zonergy showcased its latest state-of-the-art optical storage products at the esteemed Solar & Storage…
The Arts Council of Pakistan Karachi organised an event based on German music.
Under the collaboration of the Arts Council of Pakistan Karachi, the German Consulate, and the Goethe Institute, an event centred around German music titled "Piano Windtet" Ensemble 4.1 to Pakistan…
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…
Atlas Battery introduced five new batteries
Atlas Battery Ltd. (ATBA) held its analyst briefing today to update investors on their FY23 results and provide insights into the company's future outlook. To note, in FY23, the company…
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…
Hub Power Company is likely to give a cash dividend of Rs 6 in 1QFY24
The Hub Power Company Limited (HUBC) is scheduled to announce its 1QFY24 financial result on Oct 25, 2023, whereby the company is expected to post a profit after tax of…
Pakistan State Oil Company profitability arrived at PKR 46.62/share in 1QFY24
Pakistan State Oil Company Limited (PSO) announced its financial result for 1QFY24 whereby the company posted a profit after tax (PAT) of PKR 21.9bn (EPS: PKR 46.62) compared to profit…
Pakistan saw mixed Key economic indicators in September 2023
Pakistan recorded its Current Account Deficit (CAD) of US$8mn in Sep-2023 vs US$164mn in Aug-2023. This figure fell below market expectations, where a surplus was anticipated. This takes 1QFY24 CAD…
PPL profitability likely to grow by 7% YoY in 1QFY24
Pakistan Petroleum Limited (PPL) is scheduled to announce its 1QFY24's financial result on 30th Oct'23, where we anticipate the company's profitability to clock-in at PKR 28,418mn (EPS: PKR 10.44) during…
KATI and Additional IG Khadim Hussain Rind discussed collaborative efforts to curb street crime in Karachi.
The quest to eradicate street crime in Karachi has taken center stage as Additional Inspector General (IG) of Karachi, Khadim Hussain Rind, outlined the city's top security concern during his…
PSMC: 3QCY23 Result Review – Improved margins elevate the earnings.
Pak Suzuki Motor Company Ltd. (PSMC) announced its 3QCY23 result today, where the company posted earnings of PkR3.8bn (PkR46.2/sh) compared to PAT of PkR3.2bn (EPS: PkR39.4) in the quarter before…
Ufone 4G introduces VoLTE for HD voice & video calling experience over 4G network.
Pakistani mobile operator, Ufone 4G is set to introduce a seamless voice and video calling experience for its customers with its newly launched Voice over LTE (VoLTE) service. VoLTE delivers…
Arts Council of Pakistan Karachi and the Japanese consulate jointly organised two-day Japan film festival
Two days Japan film festival was held at Auditorium II with the collaboration of Art Council Pakistan Karachi and Japan Consulate. Eminent writer Anwar Maqsood participation is highly appreciated in…
Meezan Bank posts highest ever profitability and payout in 3QCY23
MEBL announced earnings (PAT) today for 3QCY23 at PKR 25.8bn (EPS: PKR 14.42), depicting an increase of 123% YoY | 49% QoQ (3QCY22 EPS: PKR 6.46). This jump in overall…
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