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…
Pakistan’s business costs are unmanageable, competition is impossible: 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 Wednesday said the cost of doing business…
10MFY23: Petroleum sales dropped by 24% YoY to 13.97mn tons
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 boarding pass unlocks hundreds of offers in Dubai this Summer.
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…
Dubai welcomes 4.67 million overnight visitors in the first quarter of 2023.
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…
Pakistan needs to increase its investments in human development substantially.
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…
Lucky Cement continues to break profitability records and announces a 2nd Share Buyback
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…
2023 PMPL South Asia Championship Spring to start soon
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…
The Saudi-Iranian relationship is a great success for China.
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…
Lucky Cement to buy back its shares starting from June at markets prices
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…
IPS study lays out governance and policy reforms for messed up the power sector
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…
Pakistan would go bankrupt at the beginning of 2024 is very worrying.
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 profit turns green in 3QFY23.
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:…
Ramzan, an extended Eid break and an economic slowdown affected cement sales in April.
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…
Exporters must avail facilities through EFS registration, Farazur Rehman.
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…
NML recorded NPAT of PkR3.3bn (EPS: PkR9.4)
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 – 3QFY23 result review – Earnings up 170%QoQ
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 records a net profit of PKR 16,430mn (EPS: PKR 123.16), up by 51% YoY.
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…
The working class suffers greatly from unprecedented inflation.
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…
PSO dominates a challenging energy market
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 – 1QCY23 Result Review
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 reports first quarter sales
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
· 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 an interim dividend of PkR4.3/sh for 1QCY23.
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 launches new campaign for Pakistani travelers with an exciting YouTube series
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…