Pakistan trade delegation visits Ghana
Ambassador of Pakistan to Ghana Farhat Ayesha hosted a dinner in honour of the Pakistani trade delegation visiting Ghana. The delegation is visiting the African country under the leadership of…
PPHI Sindh & Childlife sign MoU to implement telemedicine services
PPHI Sindh & ChildLife Foundation have signed an MoU, to extend ChildLife's telemedicine network to selected hospitals under PPHI's control. This is another step towards the vision of "Every child…
Nutrition International and the Government of Pakistan launched NourishMaa
Nutrition International, in partnership with the Ministry of National Health Services Regulations and Coordination (MoNHSR&C) and provincial health departments launched a campaign – NourishMaa – to improve maternal nutrition in…
Dubai’s Department of Economy and Tourism celebrates successful participation at Arabian Travel Market 2023
Dubai's Department of Economy and Tourism (DET) made an impressive showing at the 30th edition of Arabian Travel Market (ATM), held from 1-4 May at the Dubai World Trade Centre,…
Pakistan to participate in Tax World, an apparel-sourcing exhibition, from July 18 to 20
Trade Development Authority of Pakistan (TADAP) will participate in Texworld – Apparel Sourcing- Home Sourcing, USA, to be held in America from July 18 to 20. The Summer 2023 edition…
UFG of the SSGC clocked in at 13.75% vis-à-vis 14.02% in 1QFY21
The management of SSGC held a corporate briefing session on 8th May'23 to discuss the company's future outlook. Brief Takeaways · The last announced the financial result of SSGC was…
The gas circular debt surging to a staggering PkR1.6tn
· Pakistan's two state-owned companies, SSGC and SNGP, are responsible for downstream gas distribution in the country's regulated environment. Their profits are tied to rates of return on operating fixed…
Jubilee Life Insurance and Sehat Kahani celebrate 100,000+ online OPD consultations
Jubilee Life Insurance, one of the country's largest private sector life insurance companies in collaboration with Sehat Kahani, a leading one-stop telemedicine solution recently surpassed 100,000+ consultations for policyholders with…
PPL offers financial support to the education sector in Punjab.
Pakistan Petroleum Limited (PPL), a National E&P Company and one of the largest corporate donors has recently funded a science laboratory at Akhuwat College in Kasur to facilitate hands-on science-based…
IMF is preparing to put the country in a new trap, Captain Abdul Rasheed Abro.
Former Vice President of FPCCI and Senior Business Leader Captain Abdul Rashid Abro said that during the current fiscal year, millions lost their jobs in many sectors across the country…
Bloodbath in export-oriented industries in Pakistan: FPCCI
Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his shock that, as per the latest trade statistics of Pakistan, exports have declined by 26.68 percent in April 2023 on YoY…
China has expressed its concern over the political situation in Pakistan.
On Monday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said that after…
A positive outlook for SNGP.
We reiterate our BUY call for Sui Northern Gas Pipelines Limited (SNGP) with our DCF-based Dec'23 target price set at PKR 69.48/share. At current levels, the scrip offers an upside…
A Review of Pakistan’s Economy
Over the past few months, there have been concerns about Pakistan's debt framework, given funding concerns in the face of delayed IMF reviews, tightening of global liquidity conditions and continuous…
Pakistan Cement’s dispatches remained dampened in Apr’23, down 17.5%YoY
· Domestic cement dispatches for April'23 clocked in at 2.53mn tons, down 24.6%/25.1% MoM/YoY. Region-wise, North offtakes decreased by 22.5%/24.8% MoM/YoY to settle at 2.11mn tons. Likewise, volumes for the…
April’23 OMC offtakes – Down 47%YoY – demand being primarily fulfilled by the cheaper Iranian diesel
· April'23 volumetric offtakes clocked in at 1.17mn tons, changing by +6%/-47% on a MoM/YoY basis, with HSD and FO leading the decline (down 50%/84%YoY). · The ongoing season has…
Annual subsidy worth 100 billion can be reduced by generating electricity from natural gas, KATI
President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman said that the government could save 100 billion rupees annually by running K.E. plants on natural gas. However, the government…
PYMA appeals govt to continue subsidised electricity, and gas tariffs to save industries from destruction
After discontinuing the electricity concession package, Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), while expressing deep concern over stopping the gas concession package for the…
HINOON plans to expand its product portfolio further by introducing 10-12 new products in 2023.
Highnoon Laboratories Limited (HINOON) held its Corporate Briefing to discuss its 2022 year-end financial result and future outlook of the company. During the year, HINOON recorded total revenue of Rs16bn,…
Pakistan Human Capital Review Report reveals concerning statistics about Pakistan’s education and healthcare systems.
The World Bank's Human Capital Review Research Report was released recently, highlighting statistics about Pakistan's education and healthcare systems. According to the report, over 23 million children in Pakistan are…
Zonergy Corporation unveiled its smart household energy Products in Smart Energy Exhibition held in Sydney, Australia.
Australia's premier Smart Energy Exhibition and Forum was held at the International Convention Center in Sydney, Australia. Zonergy Corporation core energy storage series products were all unveiled at the exhibition…
Shell Pakistan announces financial results for Q1 2023
The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter results for the company on 4th May. The company posted a loss after tax of PKR 4,762…
A visit to Meraj Limited – a renowned specialised automobile manufacturer in Pakistan.
During a recent visit to Karachi, Pakistan, I had the opportunity to tour the facilities of Meraj Limited at Korangi Industrial Area Rd, behind Main, Sector 15 Korangi Industrial Area,…
Salt Manufacturers Association urges Govt to register Pink Salt for GI tag
Ismail Suttar, Chairman Salt Manufacturers Association of Pakistan (SMAP), has urged the government to speed up efforts to get pink salt registered as a Geographical Indication (GI) tag product through…
Cement despatches declined by 16.55% during April 2023 due to the season break in construction works.
Cement despatches declined by 16.55% in April 2023. Total Cement despatches during April 2023 were 2.951 million tons against 3.536 Million Tons despatched during the same month of last fiscal…