Urea sales increased in January 23
Urea offtake in January 2023 increased by 6% YoY, but was down 24% MoM to c.631,000 tons. The MoM volume decline is due to a high base effect and off-season…
Huawei at MWC 2023: Intelligent World needs stronger ICT industry and digital economy
During MWC Barcelona 2023, Huawei will be meeting with operators, industry partners, and other key opinion leaders from around the world to discuss "GUIDE to the Intelligent World". Together, they…
ACCA and AGP join forces to professionalise public sector finance
ACCA (the Association of Chartered Certified Accountants) and the Auditor General of Pakistan (AGP) signed a Memorandum of Understanding (MoU) marking a landmark agreement between the two organisations. The key…
Amir Paracha elected President of OICCI.
Mr Amir Paracha, Chairman & Chief Executive Officer, Unilever Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2023 term.…
A negative session was witnessed at PSX today.
· A negative session was witnessed at PSX today. The index opened with positive numbers but sentiments quickly shifted in support of Bears as the market proceeded to trade in a…
Dasu Hydropwer is a major milestone of CPEC: PCJCCI President
Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) stated during a think tank session held at PCJCCI Secretariat yesterday, that Dasu Hydropower Project (DHPP) in the…
Boskalis acquires multi-disciplinary offshore wind farm project Moray West
Boskalis has secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Boskalis will carry out a large number of the activities contributing to the development of this renewable energy project in the coming 12 months. The sizable(1) contract was…
The SquarePeg takes centre stage at ITCN 2023 –
The SquarePeg, a leading women-led digital marketing agency, remained the centre of attention at ITCN Asia 2023, inspiring other women leaders and professionals. An information technology and telecom show that was…
U.S. Embassy Islamabad works to counter trafficking in persons
The U.S. Embassy in Islamabad concluded a two-day conference on "Countering Trafficking in Persons (TIP) in Pakistan" to strengthen institutional capacity to reduce trafficking in persons and also help victims…
Hub Power – a good going ahead.
The management of HUBC held a corporate briefing session today to discuss the company's performance post-release of 1HFY23 results. To recall, during 1HFY23, HUBC posted a profit after tax (PAT)…
Inflationary pressures and rising electricity prices further impair KE’s recoveries and profitability for the 1HFY23
Challenging socio-political and macroeconomic factors have had a cascading impact on multiple sectors including KE which grapples with immense challenges during the first half of FY23. Surging inflation, policy rate…
Monetary Policy Committee of SBP will meet on Thursday, March 2, 2023
The Monetary Policy Committee of SBP will meet on Thursday, March 2, 2023 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
Pakistan observes Protein Day 2023, right to protein launches protein-o-meter
Today, as Pakistan observes Protein Day along with many countries, 'Right To Protein' – a public health awareness initiative has announced the launch of Pakistan's first-ever protein calculator called 'Protein-O-Meter'. Citizens can…
Faysal Bank sponsors 8th SOP Unified Marathon 2023
Promoting its mission of inclusivity, Faysal Bank Limited, one of the leading Islamic banks in Pakistan, was the platinum sponsor for the 8th Special Olympics Pakistan Unified Marathon 2023, held…
Texworld Evolution Paris03 – 05 July 2023
Paris, one of the world's major fashion capitals, is the best place to promote and sell brand(s) and collections in Europe and to the Western and increasingly to the Eastern…
AGHA announced the financial result for 2QFY23 today
Agha Steel Industries Limited (AGHA) announced the financial result for 2QFY23 today whereby earnings arrived at PKR 249mn (EPS: PKR 0.41) against PKR 619mn (EPS: PKR 1.02) last year, down…
APL announced result for 2QFY23
Attock Petroleum Ltd (APL) announced result for 2QFY23 where company posted unconsolidated PAT of PkR1.25bn (EPS: PkR10.03), down by 70% on a QoQ basis against PAT of PkR4.1bn (EPS: PkR33.3)…
HUBCO announced a cash dividend of PKR 5.75/share
The Hub Power Company Limited (HUBC) announced its 2QFY23 financial result where the company posted a profit after tax (PAT) of PKR 13.3bn (EPS: PKR 10.25), up by 177% YoY…
Rashid Ahmed Siddiqui becomes unopposed President of the Food Association.
Rashid Siddiqui, Chairman of AFEEF Group of Companies and a well-known businessman, was elected as the President of the Food Association unopposed. Yesterday, a meeting of the Food Association was…
Standard Chartered launches internship programme for differently-abled persons
Standard Chartered Bank Pakistan Limited (SCBPL), continuing with its contribution towards economic empowerment and financial inclusion of the masses, has launched an internship programme for differently-abled persons, with the aim…
Spotify Announces Natasha Humera Ejaz as EQUAL Pakistan’s Ambassador of the Month
Spotify's second EQUAL Pakistan Ambassador for 2023 has been announced and the artist who has lit up EQUAL's digital billboard at Times Square NYC is none other than Natasha Humera…
PPL an interim cash dividend of PkR1.0/sh
Pakistan Petroleum Limited (PPL) reported its 2QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 22.17bn (EPS: PkR8.15) for the quarter, lower by 16%QoQ and…
HUBC has seen significant increases in power generation
· Power generation for the month of January has clocked in at 8,515GWh, remaining flat MoM while decreasing by 3.2%YoY compared to 8,797GWh generated last year. Circular debt for the power…
Experts identify key skills to prepare students at Cambridge Principals Forums
Cambridge International has held Cambridge Principals Forums in Karachi, Lahore and Islamabad for educators in Pakistan this month for the first time since the Covid-19 pandemic. More than 509 leaders…
BankIslami Organizes Tree Plantation Drive for a Greener Tomorrow
BankIslami, Pakistan's leading Islamic financial institution, organized a tree plantation drive and a friendly bicycle rally on Sunday, 26 February 2023, in Islamabad to promote environmental sustainability. The tree plantation…