Urea and DAP sales plummets by 11% and 55% YoY in Pakistan
The available provisional data points towards a reduction in urea offtake by 11% YoY, settling at 409k tons in Apr'23 against 459k tons in SPLY. On a company-wise basis, urea…
The available provisional data points towards a reduction in urea offtake by 11% YoY, settling at 409k tons in Apr'23 against 459k tons in SPLY. On a company-wise basis, urea…
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 cost of doing business…
Total sales of petroleum products arrived at 1.17mn tons in Apr'23, depicting a massive dip of 46% YoY which is majorly attributable to i) higher petroleum prices, ii) economic slowdown,…
Emirates has today announced the return of its popular My Emirates Pass. Starting from 1st May 2023 to 30th September 2023, My Emirates Summer Pass enables customers to get even…
Government of Dubai Media Office – 02 May 2023: Dubai welcomed 4.67 million international overnight visitors in the first quarter of 2023, compared to 3.97 million tourists during the same…
The World Bank's report, Pakistan Human Capital Review (HCR), Building Capabilities Throughout Life, underlines the need for Pakistan to significantly increase investments in human capital to address the severe gaps…
Continuing its remarkable legacy of surpassing one milestone after another, on a consolidated basis, Lucky Cement Limited achieved its highest ever profit after tax of PKR 48.5 billion for the…
PUBG MOBILE, Pakistan's most played BR mobile game, is proud to announce that 8 professional teams competing in 2023 PUBG MOBILE Pro League Pakistan Spring, PUBG MOBILE's biggest tournament in…
On Tuesday, former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt said the country's ruined currency is recovering slowly, which is encouraging. If the…
The Board of Directors of Lucky Cement Limited, in its meeting held on April 28, 2023, has approved and decided to recommend to the members of the Company for their…
The power sector of Pakistan is a mess and requires comprehensive and swift governance and policy reforms. Some of these include development of business models to boost renewable energy; liberalization…
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 the report…
Nishat Chunian Limited (NCL) announced its 3QFY23 earnings earlier this week, wherein the company posted NPAT of PkR389mn (EPS: PkR1.6) for the quarter, compared to a loss of PkR1.7bn (LPS:…
Pakistan's total cement sales in Apr-2023 are expected to fall by 25-29% MoM to clock in at 2.7-2.9mn tons, with local dispatches likely to be down by 28-32% MoM due…
Collector of FBR Collectorate of Customs Export Shafiq Ahmed Latki said that the government had introduced an export facilitation scheme for the convenience of exporters. The scheme will promote exports…
Nishat Mills Limited (NML) announced its 3QFY23 earnings earlier today, wherein the textile manufacturer recorded NPAT of PkR3.3bn (EPS: PkR9.4) for the quarter, lower by 10%QoQ and 4%YoY. The earnings…
Mughal Iron & Steel Industries Ltd (MUGHAL) reported its 3QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR1.30bn (EPS: PkR3.89) for the quarter, higher by…
Mari Petroleum Company Limited (MARI) announced its financial result today, posting a net profit of PKR 40,291mn (EPS: PKR 302.03) during 9MFY23 compared to PKR 27,459mn (EPS: PKR 205.84) in…
On Friday, 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 the taxable…
Pakistan State Oil (PSO) exhibited exceptional resilience and reported a net profit of PKR 10.3 billion (9MFY22: PKR 64.8 billion) with Earnings Per Share of PKR 21.9. The company's strong…
Fatima Fertilizer Company Limited (FATIMA) announced its 1QCY23 result today, where the company posted NPAT of PkR4.3bn (EPS: PkR2.06), remaining flat on a QoQ basis while decreasing by 24% on…
Nestlé Pakistan reported first quarter sales, for 2023, of PKR 49.5 billion. The figures reflect a growth of 31.3% compared to the same period last year. The operating profit also…
· A bullish trend at the PSX continued today. The benchmark KSE-100 index opened with positive momentum and continued to trade in green throughout the day, reaching an intraday high…
Fauji Fertilizer Company Limited (FFC) announced its 1QCY23 result today, where the company posted an unconsolidated NPAT of PkR7.7bn (EPS: PkR6.1), an increase of 48%QoQ and 24%YoY and in line…
Dubai Economy & Tourism (DET) have launched a new campaign that targets Pakistani travelers with a YouTube series. The episodes, featuring Faisal Kapadia and Bilal Maqsood, former members of the…