Pakistan’s tractor sector is progressing well – good results are expected.
The tractor sector is expected to post a combined NPAT of PKR2.40bn in the Jun'23 quarter, up 31% QoQ. Improved profitability will mainly be due to rising gross margins as…
DP WORLD to add 3 million teu of new container handling capacity by end of 2023
DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year, adding much-needed infrastructure and capacity to boost…
KATI celebrates Pakistan’s 76th Independence Day.
Despite the challenges posed by difficult circumstances, the business community's enduring affection for Pakistan remains undiminished. These sentiments were echoed by Faraz-ur-Rehman, President of the Korangi Association of Trade and…
Ufone 4G brings an amazing Independence Day Cashback Offer via easypaisa
Pakistani telecom company, Ufone 4G has introduced an amazing cashback offer for its customers on key bundle subscriptions via easypaisa, to celebrate the spirit of freedom this Independence Day i.e.…
Sarsabz commemorates Pakistan’s 76th Independence Day with a message of hope.
While celebrating Pakistan's 76th Independence Day, Sarsabz Fertilizer released a purposeful video, with a special narration by the distinguished playwright Anwar Maqsood, encapsulating the country's ongoing existing woes and the…
SMIT Salvage successfully transferred all oil from the decaying FSO Safer to a tanker known as Yemen.
Boskalis announces that subsidiary SMIT Salvage has removed all oil from the FSO Safer, located off the coast of Yemen in the Red Sea. During this United Nations (UN) coordinated…
EPCL has entered into a supplemental agreement with Sui Southern Gas Company
The management of Engro Polymer & Chemicals Limited (EPCL) held a corporate briefing session today to discuss the financial results for 1HCY23 and the outlook. Brief Takeaways · To recall,…
Pakistan Automobiles – Car sales at ~6k units in July 23, down 13% MoM
Pakistan car sales (as reported by PAMA) clocked in at 5K units, down 16% MoM and 57% YoY. Including Non-PAMA members, car sales clocked in at ~6K, down 13% MoM.…
Zong 4G Celebrates Pakistan’s 76 Years of Independence
Zong 4G, the country's leading telecom provider, is showcasing its patriotic zeal by celebrating Pakistan's 76th Independence Day with an extraordinary offer for its customers! Zong 4G's latest discount on…
Fueling the skies – PSO helps spur tourism in Pakistan by unveiling a High-End Aircraft Re-Fueling Facility at Skardu.
Pioneering the way forward in Pakistan's energy sector, Pakistan State Oil (PSO) has yet again made its mark with a significant achievement. The national flag bearer energy company opened the…
Bank Alfalah continues its growth momentum.
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 10, 2023, approved the Bank's financial results for the half year ended June 30, 2023.…
Pakistani workers’ remittances recorded an inflow of US$2 billion during July 23
According to the State Bank of Pakistan, workers' remittances recorded an inflow of US$2 billion during July 23. During July 23, remittances decreased by 7.3 percent on m/m basis and by 19.3 percent on y/y basis. Remittances inflows during July 23 were mainly…
Mari Petroleum Company Limited (MARI) reported its 4QFY23 earnings earlier today
Mari Petroleum Company Limited (MARI) reported its 4QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 15.84bn (EPS: PkR118.7) for the quarter, changing by –4%/183%…
Karandaaz Pakistan partners with GBRSP and NIBAF to empower youth through financial literacy training
Karandaaz Pakistan, in collaboration with the National Institute of Banking and Finance (NIBAF) and Gilgit Baltistan Rural Support Programme (GBRSP), successfully conducted a comprehensive series of financial literacy training sessions…
Lucky Cement achieved an all-time high consolidated PAT of PKR 59.5 billion in FY23.
Continuing its streak of surpassing milestones, Lucky Cement Limited achieved an all-time high consolidated profit after tax of PKR 59.5 billion for the year ended June 30, 2023, with PKR…
LUCK announced a dividend after 3 years of PkR18.0sh
Lucky Cement Limited (LUCK) has posted its FY23 results, surprising the market with a cash dividend of PkR18.0/sh. In 4QFY23, the company reported unconsolidated earnings of PkR2.6bn (EPS: PkR8.3), marking…
Naveed Khalid Butt appointed as President of the TOA Management Committee
Group Chief Regulatory Officer, PTCL & Ufone 4G, Naveed Khalid Butt, has been appointed the President of the Management Committee of the newly formed Telecom Operators Association (TOA). With all…
Establishment of warehouses in African countries to boost Pakistan’s Exports, UBG
To bolster Pakistan's exports to the African region, the United Business Group (UBG) has proposed the establishment of warehouses in African countries, aiming to double Pakistan's export volume in a…
S I Global Solutions upgrades cranes in the Deep-Sea Container Port.
S I Global Solutions has succeeded by upgrading Deep Sea container port cranes with a state-of-the-art advanced surveillance system and the latest technology to improve port operations such as cargo…
Jazz & UNDP extend collaboration to promote women-led social innovation in Pakistan.
Jazz, Pakistan's largest digital operator, and the United Nations Development Programme (UNDP) have launched the Women Initiative in Social Entrepreneurship (WISE) to promote women-led social innovation in Pakistan. The WISE…
Zong 4G offers a new roaming bundle for China.
Zong 4G, Pakistan's leading 4G network, has launched six new roaming offers for customers travelling to China. With an unwavering commitment to customer centricity, Zong 4G continues to push the…
A MoU signed between SFA and the Faculty of Health Sciences at Iqra University North Campus.
A ceremony was held at a local hotel between Iqra University North Campus and Sindh Food Authority, where representatives from various private and public sector universities in Sindh gathered to…
Pakistan launches its national tourism brand
Pakistan Tourism Development Corporation (PTDC) has launched the First Ever National Brand of Pakistan at PM House Islamabad. Prime Minister of Pakistan - Mian Muhammad Shehbaz Sharif, was the chief…
S Bank Limited wins ABF Corporate & Investment Banking Awards 2023
JS Bank, one of the fastest-growing banks in Pakistan, wins the Asian Banking and Finance (ABF) Corporate & Investment Banking Awards 2023 for Green Deal of the Year. This recognition…
Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies – VIATT
Messe Frankfurt (HK) Ltd and the Vietnam Trade Promotion Agency (VIETRADE) will be organising the international fair for the entire textile value chain, Vietnam International Trade Fair for Apparel, Textiles…