realme Narzo 50: Your All-in-one solution on a budget
In the realm of contemporary mobile technology, where owning a smartphone is not just about connectivity but also making a style statement, the realme Narzo 50 has proven to be…
OPPO Find N2 wins Best Smartphone award
OPPO Find N2 was today named Best Smartphone in Asia at the 2023 Asia Mobile Awards at MWC Shanghai. Recognised for its outstanding performance and innovative user experience, the Find N2 stood…
IMF deal offers an opportunity for Pakistan’s economic revival: Abid Nisar
Chairman Pakistan Indonesia Business Council (PIBC), Abid Nisar, has hailed the agreement with the International Monetary Fund (IMF) as a crucial step for the economic revival of Pakistan, praising the…
Pakistan needs to adopt a culture of savings
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the previous…
National Bank of Pakistan selects PTCL for managed data centre hosting.
Pakistan Telecommunication Company Limited (PTCL) and National Bank of Pakistan Limited (NBP) have agreed to provide primary Data Center colocation services at PTCL's Tier-III Data Center facility. Zarrar Hasham Khan,…
Fly Jinnah’s Inflight Entertainment “SkyTime” will now feature content from HUM TV
Fly Jinnah, Pakistan's new low-cost carrier (LCC), has collaborated with HUM TV to provide content for its inflight entertainment system "SkyTime". All Fly Jinnah aircraft are equipped with "SkyTime", a…
PSX performance – Nothing goes up in a straight line
· Nothing goes up in a straight line, and despite Pakistan having had a record-breaking session at the start of the week, there will always be periods of regress to…
KPT cargo handling falls in FY23.
The premier port of Pakistan - Karachi Port cargoes and container handling were impacted in FY23 due to a challenging economic situation on the local and international front. The KPT…
Urea sales declined by 17% YoY in June 2023
According to the available provisional data, urea dispatches for the month of Jun'23 showcased a fall of 17% YoY to 610k tons compared to 737k tons in SPLY. On a…
Power Sector/Circular Debt Payment: CPPA disbursed PKR 142bn to IPPs – surprise expected from HUBCO, KAPCO, NCPL
· Central Power Purchasing Authority (CPPA) has disbursed PKR 142bn to IPPs to reduce the stock of circular debt. · The development aligns with the IMF's recommendation of reforms and…
Pakistan cement despatches declined by 22.80% during Jun-23, dropping to 15.71% YOY.
All Pakistan Cement Manufacturers Association Cement (APCMA) have released dispatch data for June and July - June 2023. It showed a decline of 22.80% in Jun-23 when total Cement despatches…
LUMS Energy Institute hosts a seminar on advancing Pakistan’s Energy Sector
Pakistan's leading higher education institution, LUMS, organised a seminar on 'Advancing Pakistan's Power Sector through Strategic Investments and Digitisation', featuring renowned energy experts, researchers, and academics. The seminar explored the…
BankIslami Pakistan achieves AA- Rating
BankIslami, Pakistan's leading Islamic bank, is delighted to announce that it has been upgraded to an AA- rating. This prestigious rating reaffirms the bank's commitment to excellence, sound financial management,…
Petroleum sales declined by 26% YoY to 16.61mn tons between July and June 2023.
Total sales of petroleum settled at 1.34mn tons in Jun'23, declining by 31% YoY which is mainly on account of i) higher petroleum prices, ii) economic slowdown, iii) jump in…
Meezan Bank’s entity ratings have been reaffirmed to AAA/A-1+.
VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited ('MEBL' or 'the Bank') at 'AAA/A-1+' (Triple A/ A-One Plus). The medium to long-term rating of…
BankIslami was honoured with the best biotechnology award.
Pakistan's leading Islamic financial institution, BankIslami, has received the prestigious Best Bio-Technology Award for its innovative OneTouch Banking solution at the Pakistan Digital Awards 2023. The award ceremony, held on…
OGDCL enhances production with a renewed focus on community development in District Jhal Magsi.
Oil and Gas Development Company Limited (OGDCL), Pakistan's leading exploration and production company, has revived the Jhal Magsi Gas project to meet the country's growing energy demands. The state-of-the-art gas…
Nighat Awan to lead KATI as acting President.
In a recent development, Nighat Awan, the Senior Vice President of the Korangi Association of Trade and Industry (KATI), has been appointed Acting President during President Faraz-ur-Rehman's temporary absence. President…
Aima Baig shines at Spotify’s Times Square billboard as the latest EQUAL Pakistan Ambassador.
A soulful and charming voice that has become a household name in the country, Aima Baig was featured as EQUAL Pakistan's Ambassador for the month of June, and like other…
MyUfone App becomes a rewarding experience for users.
Pakistani telecom operator Ufone 4G has added an exciting new feature to its digital suite, the 'MyUfone app' to provide a better user experience for its customers. Ufone 4G prepaid…
Power Generation down by 16% YoY during May’23
· Power generation decreased by 16% YoY to 12,284 GWh (16,510 MW) during May'23, compared to 14,657 GWh (19,700 MW) SPLY. The YoY decline in the power generation was owed…
PACRA reaffirms the credit rating of PMIC
The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Pakistan Microfinance Investment Company (PMIC) at 'AA' (Double A) and 'A1+' (A One Plus), respectively.…
Jubilee Life Insurance was Honored with Best Social Media Campaign
Jubilee Life Insurance, Pakistan's largest private sector insurance company, has again aced at the esteemed Pakistan Digital Awards 2023. The insurance company was honoured with the Best Social Media Campaign…
Army leadership set a shining example of self-accountability.
Dr Murtaza Mughal, President of Pakistan Economy Watch (PEW), said on Tuesday that the army leadership had provided an excellent example of responsibility and personal accountability by completing disciplinary action…
Gul Ahmed Textiles Mills 9MFY23, export sales stood at US$223mn
Topline Securities hosted a Corporate Briefing Session (CBS) of Gul Ahmed Textile Mills (GATM) today, during which the management discussed the company's recent financial results and future prospects. On Pakistan's…