Tetra Pak asserted its commitment towards sustainability and ensuring a greener environment at the Euro Village 2022 gala recently organized by the European Union in Islamabad. Participating at the Euro…
Mr Muhammad Qasim Sonija has been elected unopposed Chairman of the Pakistan Cloth Merchants' Association for 2022-2023. Similarly, Mr Muhammad Yaqoob Bawany as Senior Vice Chairman and Mr Muhammad Hashim…
President Karachi Chamber of Commerce & Industry Mohammed Tariq Yousuf has requested the Federal Board of Revenue (FBR) to extend the last date for filing of tax returns till 30th…
The National Flag Carrier, Pakistan National Shipping Corporation (PNSC), convened its 44th Annual General Meeting for the financial year 2021-22 on October 28, 2022, in Karachi. Chairman PNSC, Rear Admiral…
Challenges have continued to pile on in the ongoing year, ranging from high international commodity prices amid post-COVID demand supply problems and the Russia-Ukraine war, as well as high domestic…
Pioneer Cement Ltd (PIOC) has posted NPAT of PKR0.6mn (EPS: PKR2.58) for 1QFY23 up 22% YoY, higher than our estimated NPAT of PKR0.5bn (EPS: PKR2.12). A higher-than-expected top line led…
During the Global MBB Forum 2022, David Wang, Huawei's Executive Director of the Board and Chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Stride to 5.5G: The foundation…
Nishat Chunian Ltd (NCL) has reported an unconsolidated net loss of PKR0.1bn in 1QFY23 (LPS: PKR0.54), slipping into losses for the first time since the pandemic, compared to an EPS…
Agha Steel Industries Limited (AGHA) announced the financial result for 1QFY23 today, whereby earnings arrived at PKR 153mn (EPS: PKR 0.25) against PKR 558mn (EPS: PKR 0.92) last year, down…
NdcTech, a global IT and consulting company providing transformational services for the banking sector and a long-standing partner of Temenos has recently won the Best Sales Partner Award at Temenos…
· The PSX witnessed a bloodbath session today. As the prevailing political clamor pushed KSE-100 to plunge by 487.67 points in an intraday low. The market remained under pressure throughout the day…
Due to the lack of uniform laws for shipping companies, the shipping companies increased the prices arbitrarily, which caused serious damage to the country's trade. President KATI Farazur Rahman stated…
Shell Pakistan promotes biker and rickshaw refueling safety to its consumers and has launched a safety campaign, named "Ehtiyaat Bunay Hifaazat" (precaution means protection), aimed at creating awareness amongst 2…
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 said the problem of gas…
Keeping up with its commitment of prioritizing the safety and well-being of its fleet, foodpanda recently organized a road safety awareness session for its riders, which was conducted by the…
Aimed at raising awareness on breast cancer, Jazz, Pakistan's leading digital operator and the largest internet and broadband service provider, conducted month-long campaigns to drive reinforcement for prevention, reminder of…
Meezan Bank- Pakistan's leading Islamic bank has donated Rs. 35 million to Indus Hospital & Health Network for installation of a solar panels system. The initiative is part of the…
The national energy icon, Pakistan State Oil (PSO) reported a profit after tax of PKR 1.2 billion in Q1 of the financial year 2022-2023 while the group posted a net…
Nishat Chunian Power Limited (NCPL) announced its 1QFY23 financial result today, where the company posted a profit after tax (PAT) of PKR 960mn (EPS: PKR 2.61), up by 57% YoY…
Khalid A. Majeed, Chairman of Mekotex (Pvt.) Limited, Karachi, has been elected Chairman of the Pakistan Denim Manufacturers and Exporter Association (PDMEA) for 2022 – 23 during the recent annual…
The total liquid foreign reserves held by the country stood at US$ 13,162.2 million as of 21-Oct-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Nishat Mills Ltd (NML) has reported an unconsolidated NPAT of PKR4.2bn (EPS: PKR11.81) in 1QFY23, up 26% YoY, while more than triple that of the previous quarter. We estimate core-textile…
The management of KAPCO held an analyst briefing today to discuss the FY22 results and give an outlook of the Company in the future. Below are the key takeaways. Brief…
The Karachi Chamber of Commerce & Industry (KCCI) and Isfahan Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a Memorandum of Understanding (MoU) to establish a practical framework for the development…
On a consolidated basis, Lucky Cement Limited has reported a profit after tax of PKR 6.9 billion, for Q1 FY23, of which PKR 1.5 billion is attributed to non-controlling interests. The resultant…