Urea sales surge by 39% YoY in Pakistan during Dec
According to the provisional fertilizer offtake data for Dec'22, urea dispatches posted a jump of 39% YoY to 833k tons against 599k tons in SPLY. Urea sales of FFC, EFERT,…
The government should give incentives to the construction sector, President KATI
Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman said that the government should give incentives to the construction sector. In a densely populated city like Karachi, there is an…
M. Ali Latif appointed as SBP’s Board Director
The council member of the Institute of Chartered Accountants of Pakistan (ICAP), Mr Ali Latif, has been appointed as Non-Executive Director on the State Bank of Pakistan (SBP) Board. Mr.…
Bank Alfalah disbursed PKR 308 million for flood-impacted communities in 2022
Bank Alfalah, one of the largest commercial banks in Pakistan, with the purpose of empowering people so that they shape their own path in life despite all odds, has spent…
Training on Solar PV systems concluded in Lahore.
Two months of Training on Solar PV systems concluded at Energy Training and Research Center (ETRC) in Lahore. The program was held with the support of LONGi China. About 20…
The country plunged into floods, the political and economic crisis in 2022: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the year 2022 proved…
The year started off on a positive note at the PSX
· The year started off on a positive note at the PSX. The market opened in the red but the bulls quickly took charge making an intraday high of 607.06…
AAA Associates, Garden City Golf and country Club Bahria Town Organized New Year Invitational Golf Match
The real estate firebrand AAA Associates sponsored a two-day Golf match starting on 31st December 2022 and ending on 1st January 2023 at Garden City, Bahria Town Phase 7, Rawalpindi.…
TikTok celebrates #YearOnTikTok with its first Creator Awards in Pakistan
TikTok marked the end of the year with a celebration of community, creativity, and self-expression at its Year on TikTok 2022 event, which was an immersive spectacle held in Lahore.…
The government intends to reduce the gas sector circular debt by 70% to PKR500bn
The bear dominated the stock market during the month, and the index registered a fall off 1,928ptsMoM to settle at 40,420pts levels. The declining trend was primarily attributed to political…
Press Freedom in Pakistan 2022: A flurry of cases, a high-profile murder and political rhetoric targeting the media.
In a country where the press routinely remains under threat and faces attacks from many fronts, the media in Pakistan operated on slippery grounds in 2022 with a flurry of…
Dr Murtaza Mughal appointed as Director RDF.
The Rural Development Foundation (RDF) has appointed Dr. Murtaza Mughal as a member board of directors. RDF, founded in 1978, is a non-political, not-for-profit organisation recognised nationally and internationally. Speaking…
SBP Issues Islamic Banking License to Faysal Bank Limited
State Bank of Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL), making it the second-largest full-fledged Islamic bank in Pakistan. Commenting on the momentous occasion,…
United Business Group meeting
Group photo of United Business Group Central Spokesperson Gulzar Feroz, Shakeel Ahmed Dhingra, Farzana Khan and Javed Iqbal on their meeting with the SM Tanveer, Chief Petron of the Korangi…
foodpanda Pakistan, in collaboration with Akhuwat Foundation
Amidst the changing weather conditions, foodpanda Pakistan, in collaboration with Akhuwat Foundation, took the initiative to distribute original Levis outfits to more than 5000 foodpanda delivery heroes across Pakistan. These…
Govt should ensure full implementation of IMF conditions: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said that the government should now focus…
The cottage industry is the backbone of an economy, President KATI
The furniture product can be improved using modern technology, innovation, low cost, and quality. Organizing furniture exhibitions at national and international levels is inevitable, by organizing exhibitions on behalf of…
An engaging conference on equitable and sustainable growth held at LUMS
The first day of "Pathways to Development: Equitable and Sustainable Growth in Pakistan" saw prominent academics, researchers, social scientists, practitioners, policymakers, politicians, and great minds from the Pakistani diaspora gather…
The Nations Bank partners with Karachi Port Trust, offering preferred solutions for the banking needs of port employees.
National Bank of Pakistan (NBP) and Karachi Port Trust (KPT) have signed an agreement for "Employee Banking" for the provision of banking facilities to KPT employees. Under the aforementioned arrangement,…
Huawei expects to round off 2023 with total revenue of 636.9 billion yuan
In a New Year letter circulated to Huawei 195,000 employees globally, Huawei Rotating Chairman Eric Xu said that the company expects to round off the year with a slight rise…
Gas Circular debt increased to ~PkR900bn by Nov’22
· Recent government estimates point towards the gas circular debt to have increased to ~PkR900bn by Nov'22, compared to ~PkR719bn as of Mar'22. The companies majorly affected by the circular debt…
BankIslami and IoBM join hands to form a “Center for Islamic Business & Finance”
BankIslami, Pakistan's leading Islamic bank, and Institute of Business Management (IoBM), one of the top academic institutes in the country entered into an agreement to establish a "Center for Islamic…
Pakistan’s foreign reserves held by the country stood at US$ 11.707 billion
The total liquid foreign reserves held by the country stood at US$ 11,707.2 million as of 23-Dec-2022. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pak Elektron held its analyst briefing
Pak Elektron Ltd (PAEL) held its analyst briefing recently to brief about CY21/3QCY22 financial results and the company's future outlook. To recall, company posted PAT of PkR1.5bn (EPS: PkR1.71) during…
Politicians not concerned about difficulties of public
Former President of the Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt, on Thursday, said politicians are busy resolving their problems and serving themselves instead of the people. Politicians…
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