NPL announced a cash dividend of PKR 2.00/share
Nishat Power Limited (NPL) announced its 2QFY23 financial result recently where the company posted a profit after tax (PAT) of PKR 1,101mn (EPS: PKR 3.11), up by 48% YoY, compared…
HUBC: ThalNova Power Thar (Private) Limited achieves CoD
As per the PSX notice, ThalNova Power Thar (Private) Limited (TN) has achieved Commercial Operation Date (CoD) effective from Feb 17, 2023. TN is a joint venture between The Hub…
Despite IMF loan, the economy will remain in ICU: 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 on Friday said tax and other…
Jazz enables TCF to impart digital-age skills to over 250,000 students.
Jazz, Pakistan's leading digital operator and a part of VEON Group, is digitally enabling The Citizens Foundation (TCF) to implement tech-enabled learning across 1,800 TCF schools and ensuring an advanced…
Setting up Public-Private Export Processing Zones, Saifuddin Junejo
Export Processing Zone Authority (EPZA) and Pakistan Steel Mills Chairman Dr. Saifuddin Junejo have said that they are establishing public-private export processing zones in the country. It has been studied…
Urea sales for Dec’22 clocked in at 833.2k MT, up by 43%MoM
· Urea sales for Dec'22 clocked in at 833.2k MT, up by 43%MoM while increasing by 39%YoY. This takes CY22 urea offtakes to 6.8mn MT, up by 7% compared to CY21…
Standard Chartered Pakistan delivers record financial performance.
Highlights: Record profit before tax of PKR 50.1 billion, up 102 per cent year on year Highest ever revenue of PKR 62.6 billion, growth of 68 per cent Healthy increase…
Prime Minister visits earthquake-affected areas in Türkiye
As part of his solidarity visits to Türkiye, Prime Minister Shehbaz Sharif visited Adiyaman today, one of the worst earthquake-hit cities. Upon arrival , Prime Minister was received byMr. Mehmet…
#SaferTogether: TikTok to reinforce the commitment to safety with its Safety Ambassadors Programme
Pakistan, February 17, 2023: TikTok is continuing its efforts towards user safety in Pakistan as it is set to launch its first-ever offline digital safety focused activation in the country…
FrieslandCampina and International Trade Centre partner to support Dairy Sector SMEs in Sindh & Balochistan
FrieslandCampina Engro Pakistan Limited (FCEPL) signed a Letter of Intent (LOI) with International Trade Centre (ITC) for Growth for Rural Advancement & Sustainable Progress (GRASP) in Karachi. Growth for Rural…
The PSX concluded the week with a mixed session.
· The PSX concluded the week with a mixed session. The benchmark KSE-100 Index traded in a narrow range in both session as investor involvement remain sluggish as they remained…
U.S. State Department Counselor Derek Chollet and Interagency delegation visit Pakistan
Counselor of the U.S. Department of State Derek Chollet and a delegation of senior U.S. government officials, including Counselor of the U.S. Agency for International Development Clinton White, and Principal…
856 degrees awarded at the 20th convocation of Iqra University
The Iqra University in its 20th convocation on Thursday, conferred 856 degrees on graduating students. A total of 15 gold medals were also awarded to Ph.D. Scholars and students of…
Pakistan auto sales fall in Jan 23
· Total industry sales for the Jan'23 clocked in at 14,743 vehicles (-44%YoY/-19%MoM), consisting of 6,021 passenger cars (-65%YoY/-56%MoM), 4,846 LCVs and pickups (+34YoY/+52%MoM), and 398 trucks (-42%YoY/+79%MoM). The sequential drop…
PTCL’s strong financial performance during 2022
PTCL Group, Pakistan's leading telecom and ICT services provider, achieved double-digit revenue growth of 10.2% during the financial year 2022. Pakistan Telecommunication Company Limited (PTCL), posted 8.6% growth in its…
Engro Corporation – future outlook
Engro Corporation Limited (ENGRO) conducted its 2022 analyst briefing yesterday where management discussed financial performance for 2022 and future outlook. The management explained lower dividend in 4Q2022. They elaborated that…
MUGHAL is scheduled to announce its 2QFY23 result on Monday
MUGHAL is scheduled to announce its 2QFY23 result on Monday, where we expect the company to record NPAT of PkR812mn (EPS: PkR2.42), down by 7%QoQ vs NPAT of PkR872mn (EPS:…
Mini Budget may further worsen inflation & economy, exert unbearable pressure on businesses, common man: KCCI
While expressing deep concerns over Rs170 billion taxation measures announced in the Mini Budget in a bid to implement IMF's prior action to resume IMF-EFF program for subsequent release of…
Engro Corporation FY 2022 Results
Pakistan's premier conglomerate, Engro Corporation Limited (PSX: ENGRO) announced its financial results for the year ended December 31, 2022. Overview of Financial Performance during 2022 Engro Corporation's standalone revenue increased from…
Digitization can add $60 billion to Pakistan’s Economy within the next 7 to 8 years, OICCI Digital Report
Digitization offers innovative employment prospects to the 23 percent of Pakistan's population that falls in 20 – 34 years age group and can add $60 billion to Pakistan Economy within…
Dr. Ruediger Lotz, German Consul General visits Dowites78 Operation Theatre Complex
Dr. Ruediger Lotz, Consul General of Germany at Karachi, visited the Dowites78 Operation Theatre Complex. He was received by Prof Dr Shafiq ur Rehman, General Secretary, and the senior management…
Bank Alfalah introduces behavioural profiling for students at career fair
Bank Alfalah, one of the leading commercial Bank in Pakistan, participated in recruitment career fairs at various universities where it engaged with students for its 9th Management Trainee Program called…
BankIslami Signs MoU with Karachi Kings to become their platinum sponsor
Pakistan's leading Islamic financial institution, BankIslami, has signed an MoU to join forces with Karachi Kings, as they become platinum sponsors to the franchise, marking their presence in the most…
European LNG demand to drive competition for new supply and dominate trade in the long term
Europe's increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade…
foodpanda partners with Hunehar to economically uplift communities
The country's leading online delivery service provider, foodpanda, has entered into a strategic partnership with Hunehar to offer economic opportunities to parents in need. Through this partnership, Hunehar will identify…
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