Indus Motor Company Limited (INDU) held a corporate briefing session on 05th Sep'23 to discuss FY23's financial result and future outlook. Brief Takeaways · Indus Motors Company Limited (INDU) announced…
Pakistan's Urea sales in Aug-2023 are expected to clock in at 650k tons, up 18% YoY compared to 552k tons in Aug-2022. This significant YoY growth in Urea sales is…
According to Spectrum Research, Pakistan's automotive industry has experienced an extended period of contraction, resulting in lacklustre sales and a significant decline in revenue. The foremost automobile manufacturers have grappled…
Boskalis has acquired two contracts for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm off the coast of Poland. The two…
Zong 4G, the leading telecom company in Pakistan, and Sehat Kahani, a pioneering digital healthcare platform, have extended their partnership to provide free medical consultations on the Sehat Kahani app.…
Cement dispatches increased by 37.04% in August 2023. Total Cement dispatches during Aug 2023 were 4.518 million tons against 3.297 million Tons dispatched during the same month of last fiscal…
Bank Alfalah, one of the leading commercial banks in Pakistan, strengthens its longstanding partnership with ACE Money Transfer, a leading fintech platform to enable overseas Pakistanis to remit money back…
The caretaker federal and provincial governments are committed to promoting the IT sector across the country to support the vision of the Special Facilitation Investment Council (SFIC) for strengthening the…
Total sales of petroleum clocked in at 1.41mn tons in Aug'23, declining by 8% YoY, which is mainly on account of 64% YoY fall in FO sales given lower reliance…
Pakistan can transform its external debts, by opting for Islamic financial modes of IMF and World Bank, and domestic debts, through mechanisms like Mudarabah, Musharakah, and Murabaha, provided that the…
The President of the Korangi Association of Trade and Industry (KATI), Faraz-ur-Rehman, has voiced deep concern over the unprecedented surge in petroleum product 0prices, marking an all-time high in the…
Pakistan Water and Power Development Authority (WAPDA) signed an agreement worth Rs.776.3 million to a joint venture for consultancy services for Stage-II of Kurram Tangi Dam Project. The joint venture…
Sunridge Foods, a leading Pakistani FMCG company in the food sector, has been honoured with the esteemed Brand of the Year 2022 award in the staple flour category. The recognition…
Pakistan's leather industry has welcomed women's empowerment in Karachi's Leather Sector of Korangi Industrial. According to the Pakistan Tanners Association (S.Z, Environmental Society), on the 31st of August, Bahria University…
The total liquid foreign reserves held by the country stood at US$ 13,171.1 million as of 25 August 2023. The break-up of the foreign reserves position is as under: Foreign…
Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif unveiled the roadmap to achieve the target of $10 billion in annual exports through four major dimensions on Thursday. Speaking…
SingularityNET, a decentralized AI platform, and HAQQ, an ethics-first layer one blockchain platform, have partnered to bring AI to Islamic finance. The collaboration will integrate SingularityNET's industry-leading AI with HAQQ.Network,…
Mobilink Bank has entered a series of strategic partnerships to foster holistic well-being for its valued customers and dedicated employees. These partnerships underscore the Bank's commitment to advancing financial inclusivity…
Dr Gohar Ejaz, Minister of Commerce, Production & Industry, stated that it is imperative that Pakistani exporters, especially textile related, must comply with all ILO International Labor Standards, including Occupational…
When searching for the ultimate gaming phone, it's crucial to recognize that game performance isn't solely dictated by the processor. While many gaming phones currently available prioritize a powerful processor,…
Standard Chartered Bank Pakistan announced the strengthening of its Digital Banking Solution at a press conference today. This full-fledged client-centric solution will enable the Bank's clients to enjoy the benefits…
Dubai has become the epitome of a travel hub for lifestyle trendsetters, providing a unique blend of extravagance, luxury, and diverse experiences. From its iconic landmarks to its opulent accommodations…
Chief Executive of Indus Motor Company, Ali Asghar Jamali, has said that despite registering a 55% reduction in production, they have not gone for any layoffs yet. "The country's automobile…
Nishat Chunian Power Limited (NCPL) announced its 4QFY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,225mn (EPS: PKR 3.33), up by 104% YoY,…
Fauji Cement Company Limited (FCCL) announced its 4QFY23 result today, where the company posted earnings of PkR470mn (EPS: PkR0.2) compared to PAT of PkR1.9bn (EPS: PkR0.8), a decline of 75%QoQ.…
