Pakistan is on the verge of a catastrophic insulin shortage
President of Pakistan Economy Watch, Dr Murtaza Mughal, said on Sunday that driving foreign investors from the country should be stopped as it hurts the masses and the investment climate.…
Pakistan and Turkiye business communities urged to work hard to improve trade.
The Consul General of Turkiye, Cemal Sangu, has said that although Turkiye and Pakistan have been cooperating in many fields of trade and economy, the existing trade volume is very…
Image Pakistan sales are up by 60% to Rs1,669 mn in 1HFY24, Also in a drive to expand.
Image Pakistan (IMAGE) announced its 2QFY24 result today, posting consolidated earnings of Rs65mn (EPS of Rs0.49), down 27% YoY and 64% QoQ. This takes 1HFY24 earnings to Rs88mn (EPS of…
Circular debt reaching Rs6 trillion is shocking: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that it is…
SMAP Chairman urges Pakistan’s AI Revolution for Salt industry growth
Qasim Yaqoob Paracha, Acting Chairman of the Salt Manufacturers Association of Pakistan (SMAP), underscores the transformative power of Artificial Intelligence (AI) in revolutionising Pakistan's salt industry. In a statement, Qasim…
SSGC’s stance on the election of its board of directors
SSGC is releasing this Press Statement to provide clarity and address some recent news items circulating across the media. The election process of the Board of Directors of SSGC has…
Unity Foods receives Top Edible Oil Importer Award 2023
Unity Foods was honored as the top Importer of Edible Oil in Pakistan for 2023 during the 6th Pakistan Edible Oil Conference held in Karachi. Mr. Kamran Tessori, the Governor…
Spotify “Pakka Hit Hai” partners with Future Fest 2024 to revive Pakistan’s largest music festival featuring 50 artists over 3 days
In a milestone collaboration, Pakistan's largest innovation expo Future Fest is reviving the much-awaited 3-day music festival in partnership with Spotify. As the world's leading audio streaming subscription service, Spotify…
Infinix shines as the most innovative mobile phone brand at CES 2024
Infinix, a trendy tech brand crafted for young consumers, was honoured with the prestigious "Most Innovative Mobile Phone Brand" at the 2023-2024 Global Top Brands Awards during the Consumer Electronics…
Pakistan Ship’s Agents Association refutes KPT’s allegation.
Pakistan Ship's Agents Association (PSAA) is surprised to see the one-sided local media press coverage of the stakeholders/people in the business meeting held at KPT on 11th January 2024, which…
Mastercard extends partnership with UBL to drive innovation in Pakistan’s payments ecosystem
Mastercard and UBL have renewed its strategic business partnership focused on the issuance of debit cards in Pakistan. The multi-year collaboration will see the partners tap into opportunities to boost…
Pakistan’s liquid foreign reserves are at US$ 13,145.1 million as of 12-Jan-2024.
The total liquid foreign reserves held by the country stood at US$ 13,145.1 million as of 12-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Raqami partners with codebase technologies for digital banking platform
Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure its DigiBanc Suite as the core technology stack of the bank. Digibanc Suite is an…
Dubai and Pakistan to cooperate on rail, economic zones & infrastructure improvement
The governments of Dubai and the Islamic Republic of Pakistan have signed two Inter-Governmental Framework Agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment…
Rising costs amidst global economic shifts is top concern for 58% of SMEs
New research from ACCA (the Association of Chartered Certified Accountants) highlights the pressing challenges and strategic innovation opportunities for small and medium-sized enterprises (SMEs).The study, SMEs: Business challenges and strategic innovation…
SSGC notifies 48-hour gas holiday for all industries in Sindh
Due to the shortages of gas supplies in SSGC's system, the availability of gas has decreased, resulting in the depletion of the line pack, causing low pressures in the system.…
Actual generation in 2QFY24 fell by 15.2% compared to the reference
Power generation went down by 8.2% YoY to 7,726 GWh (10,385 MW) during Dec'23, compared to 8,417 GWh (11,313 MW) during Dec'22. However, On MoM basis, generation increased by 2.4%.…
Bridging the evidence gap for children and adolescents’ health
In a groundbreaking article published in the prestigious Nature Medicine journal, experts from various parts of the world collaborated to address evidence gaps for non-communicable diseases (NCDs) in children and…
TCL honored with over 40 awards and accolades for 115-inch TV
TCL Electronics, a leading consumer electronics brand and the world's top two TV brand, presented its leading portfolio of innovative technologies across multiple categories at the Consumer Electronics Show (CES…
Page Turner Awards opens its doors to literary excellence for the fifth year
The renowned Page Turner Awards, an international writing competition celebrating exceptional storytelling, proudly announces its opening to submissions for the 2024 season. The commencement of its annual writing competition invites…
HBL and Visa announce Winners of the First Edition of the She’s Next program in Pakistan
Five winners were announced for She's Next, Visa's global platform dedicated to women entrepreneurs, at an awards ceremony in Karachi Hira Javaid, CEO of Foster Learning, wins People's Favorite Award Winners…
PSX GIS Auction set to raise PkR 100bn
The Pakistan Stock Exchange (PSX) will conduct an auction for GoP Ijarah Sukuk (GIS) instruments on January 23, 2024. The targeted amount for the auction is PkR 100bn. The instruments…
KCCI delegation meets Chairman KPT
Chairman Karachi Port Trust (KPT) Syed Syedain Raza Zaidi, after listening to the grievances being faced by the business community due to exorbitantly high and unjust charges, grilled Shipping Companies…
Pakistan’s Current Account posted a surplus after 6 months.
• In Dec'23, the Current account demonstrated a surplus of USD 397mn, a notable shift from the USD 365mn deficit recorded in Dec'22. • On MoM basis, overall imports experienced a 6.1%…
Pakistan IT exports up 9% YoY in 1HFY24.
Pakistan recorded its highest-ever monthly exports of US$303mn, up 17% MoM and 23% YoY in Dec-2023. IT exports in Dec 2023 are also higher than last 12-month average of US$222mn. As…