PSO expected 4QFY22 result preview
· We expect Pakistan State Oil (PSO) to post PAT of PkR44bn (EPS: PkR94) in its 4QFY22 result, increasing by 290%YoY/30%QoQ on the back of astronomical inventory gains, subsequently keeping gross…
Pakistan recorded highest power generation in FY22
Pakistan recorded its highest power generation of 143,192 GWh (16,346 MW) during FY22 up 10% YoY primarily led by (1) overall pickup in economic activity and (2) increased demand amid…
Political instability breaking the rupee.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the business community…
BankIslami becomes the first Islamic Bank to finance electronic warehouse receipt financing
BankIslami, Pakistan's leading Islamic financial institution, has become the first Islamic Bank to have successfully structured and disbursed Pakistan's first Shariah-compliant Electronic Warehouse Receipt (EWHR) financing issued under the repository…
FPCCI: Free-falling rupee threat to national security; Sri Lanka-like scenario emerging
Mr Irfan Iqbal Sheikh, President of FPCCI, has maintained that the free-falling rupee has reached a point where it has become a threat to national security as LCs for petroleum…
Political instability is breaking the rupee.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the business community was…
6 TCF alumni conferred degrees at GIKI Convocation 2022
It was a moment of pride for The Citizens Foundation (TCF) as 6 TCF alumni were awarded degrees at the 26th Convocation of The Ghulam Ishaq Khan Institute of Engineering…
Jazz to empower lives and livelihoods of women through tech’: Jazz CEO
Reiterating the company's commitment to addressing the gender diversity and inclusion gaps in the larger community, Jazz CEO Aamir Ibrahim, in a recent interview, stated, "The soul of our organization…
The economic downturn, Fitch rating, decline in dollar & stock market is a matter of concern, KATI
President of Korangi Association of Trade and Industry (KATI) Salman Aslam is concerned about the devalue of the dollar reaching the highest level in the history of the country, Fitch's…
The market witnessed a range bound session today
· . The benchmark KSE-100 index remained sideways due to continuous Pak rupee devaluation against US dollar and political unrest. Volumes remained dry although the last trading hour witnessed value buying…
ACCA, MANTAQ sign MoU
ACCA (the Association of Chartered Certified Accountants) and MANTAQ Centre for Research have entered an MOU that focuses on building the capacity of lawmakers in legislative drafting and research related…
TikTok removes nearly 12.5 million videos from Pakistan in Q1 2022
With 12,490,309 videos removed, Pakistan ranked second in the world for the largest volume of videos taken down for Community Guidelines violations between January - March 2022. According to the…
Huawei’s David Wang: innovation, lighting up the 5.5G era
At the Win-Win Huawei Innovation Week, David Wang, Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board of Huawei, delivered a keynote speech titled "Innovation, Lighting…
NHA increased toll collection booths at Hakla toll plaza
As per the directive of Prime Minister of Pakistan Mr Shahbaz Sharif, the Ministry of Communications and National Highway Authority undertook immediate measures and established additional toll collection booths at…
ABHI, Unveel.io to offer earned wage access in Pakistan and UAE
ABHI, a Pakistan-based fintech and Unveel.io, a UAE-based API-Widget are combining their expertise to offer the facility of Earned Wage Access to ride-hailing and delivery drivers in Pakistan and UAE…
Will provide 1 billion relief to banking customers by the end of the year, Banking Ombudsman
Banking Ombudsman Pakistan Muhammad Kamran Shehzad said that more than 40 thousand customer complaints were received this year in which relief of 600 million was provided and it is hoped…
The salient features of HUAWEI nova 9
A great smartphone is one that is styled for the ages, equipped with a great camera, has a large battery that charges up swiftly, and if you throw in some…
Mastercard partners with MCB Bank to empower SMEs in Pakistan
Mastercard and MCB Bank have entered a strategic partnership to boost financial inclusion in Pakistan and empower small businesses with Simplify Commerce, an all-in-one e-commerce technology solution. The agreement was…
Bears took charge at PSX as the bloodbath continued due to political unrest and rupee devaluation today
Bears took charge at PSX today as the bloodbath continued. Despite opening in the green zone, the benchmark KSE-100 index dropped down to an intraday low of 40,216 levels (1150.73…
In concluding the Theatrical Masterpiece Trilogy, Anwar Maqsood announces Saadhay 14 August
Esteemed scriptwriter, television presenter, humorist, and actor Anwar Maqsood's iconic 14th August play trilogy is all set to launch its final leg as the series concludes with its last epic…
Emirates flight catering opens the world’s largest vertical farm in Dubai
Bustanica has opened the doors to the world's largest hydroponic farm, backed by an investment of US$40m. The facility is the first vertical farm for Emirates Crop One, the joint…
Pakistan’s delegation visits to Afghanistan were instrumental in improving trade, transit and bilateral investment.
PAJCCI, as a result of its series of meetings, has been recommending several measures to facilitate economic activity with Afghanistan including waiver of E-Form & EIF requirement for the extended…
World Population Day: Awareness event conducted in Islamabad
To commemorate World Population Day, a collaborative event was conducted in Islamabad today. A joint effort of the United Nations Population Fund (UNFPA) Pakistan, British High Commission, Ministry of National…
Google expands Android Earthquake alerts system to Pakistan
Today, Google is launching Android Earthquake Alerts System in Pakistan. Android Earthquake Alerts System is a no-cost, helpful Android feature that detects earthquakes around the world and alerts people. It…
Daraz and Visa collaborate to impart business skills to online Sellers
As part of their joint efforts to help small and micro business (SMB) owners make confident, informed decisions to grow their businesses, Leading e-commerce platform Daraz and Visa, the world…
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