· International scrap prices have shown major weakness since peaking in mid-April'22, declining by 39% since then, to currently hover around ~US$385/ton compared to FYTD/ CYTD avg. of US$373/447/ton ·…
President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has demanded from the government that if the State Bank is not opening LCs, then traders should be allowed to…
· The week began with a range-bound session at the PSX. The benchmark KSE-100 index opened in the green but failed to maintain momentum due to political and economic uncertainty, as…
Like every year, Daraz has brought one of the most awaited sales of the year back, Daraz 12:12 year-end sale. TECNO has collaborated with Daraz on this sale, and hence…
The Institute of Business Management (IoBM), Karachi, held its 25th Convocation at its Korangi Creek Campus on Saturday, December 10, 2022. 1,374 graduates from numerous departments were conferred educational degrees…
Senator Saleem Mandviwalla, Chairman Senate Standing Committee on Finance and Revenue, participated in TRT World Forum held in Istanbul today. Speaking at a panel titled, 'Between Recession and Stagflation: The…
CEO, Honda Atlas Cars Pakistan Limited, Mr. Takafumi Koike has assured to provide world-class services in all cities of Pakistan. While addressing the inaugural ceremony of GT Honda Gujranwala the…
Prantik Bengal Salvage & Diving of Bangladesh salvaged Singapore registry grounded dumb Barge MR 3322 (L: 100 m, B: 27.43 m, 4236 GT, built 2008) at St. Martin's Island in…
The Diabetes Centre and Novo Nordisk Pakistan under its Memorandum of Understanding announced the launch of TDC Blue Lilies Clinic for children living with Type-1 Diabetes. The ceremony was attended…
U.S. Ambassador Donald Blome and Khyber Pakhtunkhwa Minister for Elementary and Secondary Education Shahram Khan Tarakai launched the U.S. government-funded $4 million Improving Girls' Education Activity that aims to provide quality…
As per the notice on PSX, Fauji Fertilizer Company Limited (FFC), Engro Fertilizers Limited (EFERT), and Fatima Fertilizer Company Limited (FATIMA) have agreed with Mari Petroleum Company Limited (MARI) for…
In the outgoing week, the market remained jittery, even though Pakistan repaid its $1bn international bond on time and Saudi Arabia extended its USD 3bn deposit to the SBP. The…
· Circular debt in the power sector currently stands between PkR2.4tn-PkR2.5tn according to recent news flow. This signifies an increase of ~PkR200bn after the first 4 months of the fiscal year…
The Searle Company Limited (SEARL) organized its analyst briefing last week to discuss FY22 results and the company's future outlook. · To recall, SEARL posted consolidated PAT of PkR29.9bn (EPS:…
Approximately 200 nominees from different countries of Asia Pacific region have presented their projects to the jury of the 21st Asia and Pacific ICT Alliances (APICTA) Awards being held in…
Spotify hosted the first ever in-person Wrapped event at District 19, a hotspot for gatherings and socializing in Karachi. The Wrapped 2022 dinner was a celebratory event and had selected…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday told Finance Minister Ishaq Dar's…
To improve the skills sector in Punjab, the European Union, Germany, and Norway handed over a modernized Centre of Excellence (CoE) for Technical and Vocational Education and Training (TVET) to…
Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman, CEO KITE Ltd Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim Mohammadi and members of the Executive Committee congratulated…
Principal Deputy Assistant Secretary for South and Central Asia Elizabeth Horst visited Islamabad December 8-9 to discuss U.S. support for Pakistan's flood recovery with government leaders. She also spoke with…
The Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) organized its 5th "Best of Entrepreneurship Pakistan (BOE)" round in partnership with Islamic Corporation for the Development of the Private Sector…
Comprehensive Analysys Mason study spans 15 countries in Asia, Africa and Latin America Potential GDP economic benefits vastly outweigh investment costs Governments, regulators and policy makers play a key enabling…
It's the most wonderful time of the year and Emirates is ensuring passengers get the festive feels for the whole month of December, with magical moments sprinkled upon journeys from…
CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to recognize the outstanding performances of financial institutions, corporates and professionals. Faysal Bank Limited (FBL)…
In times when Pakistan is suffering through the worst of all economic recessions, EO Karachi organized a learning business event called '#CashFlowStory" led by the world-famous leader in financial analysis,…