MARI’s 2P reserves stood at 870MMBOE as of Jun’22
· 1HFY23 marked a phenomenal period for the MPCL, with a weakening exchange rate alongside Arab light prices, providing a much-needed impetus to the sector overall in the face of…
Huawei earns USD5.12 billion in net profits.
Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, generating USD92.37 billion in revenue and USD5.12 billion in net profits. Huawei continues to strengthen investment…
Meezan Bank surpasses USD 1.5 billion in deposit inflows under Roshan Digital Account and retains industry leadership.
Meezan Bank, Pakistan's leading Islamic bank, has surpassed USD 1.5 billion in deposit inflows under Roshan Digital Account (RDA). The State Bank of Pakistan launched RDA in collaboration with various…
EPRA Concludes hearing on February’s FCA Adjustment for KE Customers.
NEPRA concluded its public hearing on Thursday on KE's request for an increase of PKR 1.662 per unit on account of Fuel Charges Adjustments (FCA) for February 2023. A similar…
KATI felicitates the removal of Cash Margin Restriction on imports
Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank's removal of the condition of Cash Margin Restriction (CMR) on imported goods. He said this initiative…
We are overcoming serious challenges: Ishaq Dar.
Finance Minister Ishaq Dar on Friday said the situation is improving, and Pakistan will have 12 to 13 billion dollars in reserves by June. He said Pakistan is not like…
Al-Shifa Eye Trust Hospital says Glaucoma in children is increasing rapidly.
The prevalence of Glaucoma in children is increasing rapidly in Pakistan, requiring proper intervention, Al-Shifa Trust eye hospital said Friday. Glaucoma in children is a vision-threatening condition highly prevalent in…
SBP’s reserves decreased by US$ 354 million
The total liquid foreign reserves held by the country stood at US$ 9,815.9 million as of 24-Mar-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Emirates and United activated a codeshare partnership to enhance connectivity to the US
Emirates and United have activated their codeshare partnership, allowing Emirates customers to enjoy easier access to an expanded choice of U.S. destinations. Today, Emirates customers can fly to three of…
Bank Alfalah and SAWiE join hands to promote climate-smart agriculture in Pakistan.
Bank Alfalah, a leading commercial Bank in Pakistan and SAWiE, a digital platform offering smart farm advisory services to smallholder farmers, signed an MoU to promote climate-smart agriculture practices within…
The PSX witnessed a mixed session today.
· The PSX witnessed a mixed session today. The benchmark KSE-100 opened in the green but traded both ways. Activity remained sluggish throughout the trading session. Investors opted to remain…
foodpanda partners with The Citizens Foundation (TCF) to promote education in Pakistan
Pakistan's leading food and grocery delivery platform, foodpanda, is proud to announce its partnership with The Citizens Foundation (TCF), a non-profit organisation dedicated to promoting education for less privileged children…
MMBL signs agreement with Careem to offer subsidized travel services for its employees
Mobilink Microfinance Bank Limited (MMBL) has entered into a new partnership with Careem, Pakistan's largest ride-hailing service, to provide discounted and subsidized intra as well as inter-city travel services for…
Removal from the list of high-risk countries is an achievement for Pakistan.
On Thursday, former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said removing Pakistan from the European Union's list of high-risk countries is a…
KCCI to remain open till 5:00PM on Friday for Membership renewal
The Karachi Chamber of Commerce & Industry (KCCI) will remain open for membership renewal till 5:00PM on Friday, March 31, 2023 which is the last date for membership renewal. According…
Dr. Zulfiqar Bhutta of Aga Khan University receives the 2023 Henry G. Friesen International Prize in Health Research.
Dr. Zulfiqar A. Bhutta, distinguished university professor and founding director of the Institute for Global Health and Development and the Centre of Excellence in Women and Child Health at the…
KATI felicitates the removal of Pakistan from the list of high-risk countries by the European Union
Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman expressed his gratitude for the European Union's removal of Pakistan from the list of high-risk countries. He said that after FATF,…
Energy giants sign MoU to pursue green hydrogen projects in Pakistan and aboard.
Leading exploration and production (E&P) companies Oil & Gas Development Company Limited (OGDCL), Pak-Arab Refinery Limited (PARCO), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), and Government Holdings Private…
200bps increase in Policy Rate is expected on April 04, survey results.
SBP's next Monetary Policy Committee (MPC) meeting will be held on the 4th of April, 2023. In order to gauge the view on monetary policy outlook, Topline Research polled key…
OGDCL launches program to distribute 100 ambulances across Pakistan
Oil and Gas Development Company Limited (OGDCL) is the largest exploration & production company in Pakistan working across the nation. The company has an impressive track record of carrying out…
The PSX witnessed a mixed trading session today.
· The PSX witnessed a mixed trading session today. The benchmark KSE-100 opened in the red territory but traded in both directions, as investors still eye at IMF to release…
Pakistan and Turkiye two souls and one heart: Ambassador
Turkish Ambassador to Pakistan Mehmet Pacaci on Wednesday lauded the humanitarian assistance of the government of Pakistan and Pakistani organisations in the wake of the deadly earthquake in Turkiye. He…
DP World expands offering at Berbera Port with new edible oil terminal.
DP World has started developing a new edible oil terminal at the Port of Berbera in Somaliland, reducing supply chain costs and creating vital local jobs. It has already agreed…
ZEM builders recognise outstanding business partners
ZEM Builders, one of the leading players in the construction and real estate industry, held a delightful event for its business partners, featuring a gift ceremony, dinner, and a joyful…
Meezan Bank enters into a strategic collaboration with PaySa to expand point-of-sale payment services
Meezan Bank, Pakistan's leading Islamic bank and PaySa, a fintech startup specializing in digital payments, have partnered to enable Point of Sale (POS) payment services to tap into the country's…
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