Super tax announcement eroded the sentiment of PSX
Market Commentary The market commenced on a negative note this week over uncertainty over the IMF Program, whereby the index shed 300 points DoD. However, the sentiment turned positive when…
PSX outlook for next week
With increased direct taxation measures and reversal of fuel & electricity subsidies, the resumption of the IMF program now looks increasingly likely. However, recent imposition of super tax and poverty…
Education experts call for making math accessible to govt schools’ children
Education experts at a two-day workshop have emphasized the need to provide an opportunity to students in public sector schools to narrow their interest in maths and the traditional learning…
Mari Petroleum to supply 150mmcfd of gas in the SNGP pipeline network soon
MARI held its Corporate Briefing Session on June 24 to discuss the performance and outlook after the 9MFY22 results. The company posted an 18% rise in earnings during 9MFY22 to…
Pubg Mobile strives to promote Pakistan’s beautiful landscapes
Taking inspiration from the vision of Pakistan Tourism Development Corporation (PTDC) to help mainstream tourism in the country, PUBG MOBILE, Pakistan's No. 1 gaming platform, is working towards bringing attention…
Pakistan needs a new economic order: 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 on Friday said the country would be…
Careem partners with TCF, Chughtai Labs to provide health and education benefits to its Captains
On the occasion of UN Public Service Day, Careem, the Super App of the greater Middle East and Pakistan, has partnered with The Citizens Foundation (TCF) and Chughtai Labs to…
10% Super Tax will take the corporate tax to an unbearable 39%:FPCCI
Mr. Shabbir Mansha, Acting President FPCCI, has categorically denounced imposition of 10 percent super tax on large industries; which already pay hefty corporate tax of 29 percent and generate millions…
Google launches Think Games & Gaming Growth Lab
Google today announced it has successfully launched Think Games, Pakistan's first thought leadership and knowledge-sharing event for game developers, which saw over 1,600 attendees. First announced in May 2022, the…
One-time tax on Pakistan companies to have a 14% earnings impact may help in IMF funding.
Miftah Ismail, Finance Minister of Pakistan, in his speech in the parliament, announced an additional one-time super tax of 10% to be imposed on FY22 earnings on specified sectors where…
Daily cargo handling report of Karachi Port Trust
The Karachi Port Trust handled 143,180 tons of cargo comprising 95,242 Tones of import cargo and 47,938 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…
Boskalis update on HAL offer
Royal Boskalis Westminster N.V. (Boskalis) has taken note of the press release issued earlier today by HAL Holding N.V. (HAL) in which it formally announces the launch of its public offer for all issued and outstanding shares of Boskalis (the Offer). Reference…
Delegation of business leaders from Saudi and Kuwait meet PM to discuss KE issues
A delegation of K-Electric's majority shareholders representing Saudi Arabia's Aljomaih Holding Company, Kuwait's National Industries Group (NIG) and Infrastructure Growth and Capital Fund (IGCF) called upon the Honorable Prime Minister…
Govt urged to minimize reliance on costly LNG imports
As Pakistan has been facing with severe natural gas shortage for the last couple of years, it has started relying heavily on Liquefied Natural Gas (LNG). However, the government needs…
Mobilink Bank recognized as the best retail bank in Pakistan
Mobilink Microfinance Bank Limited (MMBL), Pakistan's largest digital bank, has been recognized for its services in offering innovative digital financial solutions at the 13th Annual Retail Banker International (RBI), Asia…
HUBC target price revised due to the tax exemption for IPPs
· AKD Research revises its target price to PkR116/sh, implying an upside of 73% from last close and a D/Y of 13%. In the budget FY23, the Govt. has announced…
Pakistan Fertilizer industry see mixed trend in sales during last month
Urea offtake in May 2022 decreased by 9% mom and 17% yoy to 417,521 tons. The yoy decrease in offtake is likely due to higher Urea prices and higher base effect…
Befiler becomes an ACCA approved employer
Befiler (Pvt.) Ltd is pleased to announce its inclusion to the panel of ACCA's Approved Employer Network under the Trainee Development – Gold Category. The Association of Chartered Certified Accountants…
Karandaaz leads dialogue on renewable energy
Karandaaz held a full-day webinar on the challenges and opportunities of renewable energy and energy efficiency in Pakistan. Leading experts and stakeholders in the renewable energy and climate finance space…
Rs. 11.33/ kWh likely be the FCA for Karachi for May 2022
K-Electric requested the National Electric Power Regulatory Authority (NEPRA) to increase the power tariff by Rs 11.33 per unit on account of fuel charges adjustment (FCA) for the month of…
UN Women Pakistan and foodpanda Pakistan promote workplace safety and gender equality for women
UN Women and foodpanda Pakistan have announced a partnership on promotion of gender equality in the workplace. Under the partnership various initiatives and training will be undertaken to address and…
NdcTech displayed the largest global banking events in London
NdcTech, Pakistan's leading IT and consulting company was invited to showcase its offerings as a Silver Sponsor at the Temenos Community Forum 2022, one of the most prestigious banking technology…
GROHE offers training young students as plumbers in Karachi
GROHE is a leading brand for complete bathroom solutions and kitchen fittings, which has now initiated its "GROHE Installer Vocational-Training & Education" (GIVE) Program in Karachi, as the first "GIVE…
Telenor Pakistan partners with Circle Women to empower females through digital literacy
In line with its vision to empower Pakistanis, Telenor Pakistan has partnered with Circle Women to train women in accessing the internet and other essential digital tools. The initiative will…
National Foods to enrich its systems with SAP S/4HANA
One of the leading food brands in Pakistan; National Foods Limited (NFL) is further cementing its focus on innovation and high customer centricity by enriching its systems with SAP S/4…
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