PARCO shuts down its refinery for 5-day scheduled maintenance
On Wednesday night – April 5, 2023, Pak-Arab Refinery Ltd. temporarily shut down its operations for five days as part of its scheduled maintenance work. The refinery will resume its…
Petroleum product consumption falls in March and 9MFY23.
· Mar'23 volumetric offtake clocked in at 1.1mn tons, falling by 9%/39% on a MoM/YoY basis, with HSD and FO leading the decline (down 43%/70%YoY). · The said fall (35…
Sastaticket.pk offers hassle-free ticket booking experiences.
Sastaticket.pk, one of the leading e-ticketing platforms in Pakistan, is proud to offer consumers a range of opportunities and benefits when booking their travel and event tickets online, including tickets…
A positive session was observed at PSX today.
· A positive session was observed at PSX today. The KSE-100 index opened in the green following much-needed clarity on the Monetary Policy Statement, with a 100bps point increase in…
President SAI calls for the urgent resumption of gas to all industries in SITE.
President SITE Association of Industry (SAI) Riaz Uddin has condemned the suspension of gas supply to the Industries and their captive power plants (CPP), and requested the federal and provincial…
President KCCI demands immediate restoration of gas to all industries of Karachi
President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing deep concerns over enduring suspension of gas supply to industries in Karachi, appealed the government to issue…
The PSX recorded a negative session today.
· The PSX recorded a negative session today. The market opened in the red and continued to trade in the same territory due to the expectation of a rate hike…
A.P. Moller – Maersk launches new US-China air cargo link
To meet its customers' end-to-end logistics needs, A.P. Moller - Maersk (Maersk) introduces two new air freight services with regular flights linking the Unites States with China. Maersk´s new customer-backed…
APCMA reports cement despatches declined by 24.19% during Mar-2023
Cement despatches declined by 24.19% in Mar-2023. Total Cement despatches during Mar-2023 were 3.795 million tons against 5.006 million tons despatched during the same month of last fiscal year. According…
Petroleum sales declined 9% MoM in Mar-2023; Lowest oil sales recorded in 35 months
Pakistan oil sales in Mar-2023 decreased by 9% MoM to 1.11mn tons mainly due to 1) lower demand of FO for power generation, and 2) slowdown in overall economic activity…
Daraz Pakistan celebrates the spirit of Ramadan through the ‘Daraz Donates’ initiative
Continuing its annual tradition, Daraz, Pakistan's leading online marketplace, has partnered with several non-profit organizations to give its users the option to support causes closest to their hearts during Ramadan.…
A mixed session was recorded at the PSX to kick off the business week.
· A mixed session was recorded at the PSX to kick off the business week. The market opened in the green zone, but lack of investor involvement drove the index down…
High energy prices are a threat to the masses and the economy.
Former Vice President of FPCCI Atif Ikram Sheikh on Sunday said high electricity and fuel prices had become a threat to the masses and the country's economy. The increasing price…
The market share of EFERT increased by 5ppt YoY basis.
Urea offtake in February 2023 reduced by 5% YoY and 20% MoM to c.503,000 tons. The MoM decline in volumes is due to the off-season impact. The market share of…
The market witnessed lacklustre performance this week.
The market witnessed lacklustre performance this week, with a weekly change of 59 points. The reason behind this dull performance was economic and political instability that remained throughout the week.…
MARI’s 2P reserves stood at 870MMBOE as of Jun’22
· 1HFY23 marked a phenomenal period for the MPCL, with a weakening exchange rate alongside Arab light prices, providing a much-needed impetus to the sector overall in the face of…
Al-Shifa Eye Trust Hospital says Glaucoma in children is increasing rapidly.
The prevalence of Glaucoma in children is increasing rapidly in Pakistan, requiring proper intervention, Al-Shifa Trust eye hospital said Friday. Glaucoma in children is a vision-threatening condition highly prevalent in…
SBP’s reserves decreased by US$ 354 million
The total liquid foreign reserves held by the country stood at US$ 9,815.9 million as of 24-Mar-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Emirates and United activated a codeshare partnership to enhance connectivity to the US
Emirates and United have activated their codeshare partnership, allowing Emirates customers to enjoy easier access to an expanded choice of U.S. destinations. Today, Emirates customers can fly to three of…
Bank Alfalah and SAWiE join hands to promote climate-smart agriculture in Pakistan.
Bank Alfalah, a leading commercial Bank in Pakistan and SAWiE, a digital platform offering smart farm advisory services to smallholder farmers, signed an MoU to promote climate-smart agriculture practices within…
The PSX witnessed a mixed session today.
· The PSX witnessed a mixed session today. The benchmark KSE-100 opened in the green but traded both ways. Activity remained sluggish throughout the trading session. Investors opted to remain…
foodpanda partners with The Citizens Foundation (TCF) to promote education in Pakistan
Pakistan's leading food and grocery delivery platform, foodpanda, is proud to announce its partnership with The Citizens Foundation (TCF), a non-profit organisation dedicated to promoting education for less privileged children…
MMBL signs agreement with Careem to offer subsidized travel services for its employees
Mobilink Microfinance Bank Limited (MMBL) has entered into a new partnership with Careem, Pakistan's largest ride-hailing service, to provide discounted and subsidized intra as well as inter-city travel services for…
Removal from the list of high-risk countries is an achievement for Pakistan.
On Thursday, former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said removing Pakistan from the European Union's list of high-risk countries is a…
KCCI to remain open till 5:00PM on Friday for Membership renewal
The Karachi Chamber of Commerce & Industry (KCCI) will remain open for membership renewal till 5:00PM on Friday, March 31, 2023 which is the last date for membership renewal. According…