High inflation figures impacts PSX
· The benchmark KSE-100 index witnessed a bloodbath session today due to concerns over inflation and growth rate due to prevailing flood crisis. The market opened in the positive zone but…
Shan Foods joins forces with Hum Network for flood relief efforts
Augmenting its relief efforts for the flood victims of Pakistan, leading global food brand, Shan Foods, joined hands with Hum Network Limited to extend its support for the affectees in…
Most original design and best sound quality meet HUAWEI FreeBuds Lipstick
Wireless earphones have come a long way in the past decade. It has come to the point that it doesn't make sense to use wired earphones for everyday things like…
Murtaza inaugurates PrintPak in Expo Centre, Karachi
Administrator Karachi Murtaza Wahab has said that the printing industry is a key industry in today's world. The country's industry is contributing heavily toward employment generation. Murtaza stated this while…
AMPAK-BDF, USDA delegates meet to enhance retail & Agri Trade
A high level delegation of America Pakistan Business Development Forum ((AMPAK-BDF), held a meeting with United States Department of Agriculture (USDA), represented by Mr. Christopher Rittgers, USDA Agricultural Counselor, US…
Kohinoor Textile Mills’ revenue increases due to higher product pricing, particularly in the Spinning segment.
Kohinoor Textile Mills (KTML) has reported an unconsolidated 4QFY22 NPAT of PKR0.4bn (EPS: PKR1.44), down a sharp 60% YoY and 71% QoQ. This takes FY22 NPAT to PKR4.7bn (EPS: PKR15.84),…
Industrial Zone at M-9 Motorway discussed with KCCI
Director General Airport Security Force (ASF) and Managing Director of ASF Foundation Major General Abid Latif Khan HI(M) has sought Karachi Chamber's input, and assistance for setting up an Industrial…
Flood damage ten times more than IMF loan: 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 the flood damage is ten times…
Outlook and recommendation for PSX
Following the disbursement of the tranche by the IMF, the government is expected to unlock further foreign economic assistance from various international creditors and flood relief aid from friendly countries…
Google CS First Phase 4 to be launched in collaboration with the Sindh Govt.
After the successful implementation of Google CS First in selected cities, Sindh Information, Science & Technology Department has signed a Memorandum of Understanding with Tech Valley Pakistan, a local country…
CTBCM model is under trial in Pakistan: Chairman NEPRA
Chairman, NEPRA, Tauseef H. Farooqui said that, "In order to promote renewable energy (RE) in the country, Competitive Trading Bilateral Contracts Market (CTBCM) model is under trial and will be…
Cement dispatches declined by 24 percent during August 2022 in Pakistan
Total cement dispatches declined by 23.98 percent in August 2022 to 3.296 million tons against 4.336 Million Tons dispatched during the same month of last fiscal year, according to the…
MMBL: “Most Innovative Microfinance Bank – Pakistan 2022
Extending a winning legacy that spans over a decade, Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has been awarded the title of "Most Innovative Microfinance Bank – Pakistan…
Fertilizers sales disturbed due to floods
According to the provisional fertilizer offtake data for the month of Aug'22, urea offtake depicted a fall of 16% YoY to 542k tons against 649k tons in SPLY owed to…
PAJCCI lauded issuance of long pending SRO on Cross stuffing for Afghan trade
On the persistent follow up by PAJCCI and recent meeting of Zubair Motiwala; Chairman PAJCCI with Naveed Qamar; Minister of Commerce, Government of Pakistan has now issued the SRO on…
Seeing the unseen: Nestlé, NUST commemorate World Water Week
Nestlé Pakistan and the National University of Sciences & Technology (NUST) pledged to continue their role as water stewards in a panel discussion to commemorate World Water Week 2022. The…
Jazz shines at GSMA Mobile 360 Asia Pacific
Pakistan's leading digital operator has won the Digital Nation Video Creativity Award at the GSMA Mobile 360 Asia Pacific organized recently in Singapore. The Digital Nations Award encompasses the contribution…
Cigarettes manufacturers to pay advance excise duty, not the farmers
Newly imposed advance excise duty on tobacco purchase will not impact farmers but manufacturers and would dent the massive tax theft in the tobacco sector. Tax evaders are pressurizing the…
Pakistan OMCs sales at 1.5mn tons in Aug-2022, up 6% MoM
Pakistan oil sales increased by 6% MoM in Aug-2022 driven by High Speed Diesel (HSD) and Motor Spirit (MS) demand which improves by 12% and 7% MoM respectively. This rise…
Pakistan’s liquid foreign reserves stand at US$ 13,403 million
The total liquid foreign reserves held by the country stood at US$ 13,403.5 million as of 26-Aug-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Orange Line Lahore wins top accolades at ‘Brands of the Year Award 2021’
The Orange Line Metro Train Lahore secured top awards at the recently held Brands of the Year Awards 2021 including the 'Emerging Brand of the Year' in the category of…
Emirates to introduce Premium Economy to five more cities
Emirates today announced plans to debut its newly retrofitted A380s featuring its latest Premium Economy cabins to five new cities from December - New York JFK, San Francisco, Melbourne, Auckland…
Martin Dow Group setup Medical Camps for flood victims across Pakistan
Martin Dow Group a leading multinational pharmaceutical company in Pakistan has set up medical camps across areas of Balochistan, KPK, Punjab & Sindh (D.G Khan in Taunsa, Basti Lashari and…
Volumes increased from 181.3mn shares to 248.2mn shares : PSX
· Market witnessed a positive session today as Pakistan received the first tranche of the extended fund facility from the International Monetary Fund. Investors participation remained active throughout the day,…
OGDCL distributes food packages among flood-hit people in Sindh
In the wake of massive flash floods that wreak havoc in various parts of the country, the Oil and Gas Development Company Limited (OGDCL) has continued its flood relief activities…
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