SAI President demands early issuance of 9 cents power tariff notification
The President of the SITE Association of Industry, Muhammad Kamran Arbi, while welcoming the decision of the federal government to allow a power tariff @ 9 cents / KWh to…
FFBL is unlikely to announce a cash dividend with the 4Q2023 result
Fauji Fertilizer Bin Qasim (FFBL) is unlikely to announce a cash dividend with the 4Q2023 result. We anticipate FFBL to report an unconsolidated EPS of Rs3.8 in 4Q2023, a significant…
Engro Fertilizers likely to give significant dividend in 4Q2023
We expect EFERT's consolidated EPS at Rs7.2 in 4Q2023 compared to EPS of Rs4.8 in 4Q2022, up 51% YoY. The YoY jump in earnings is due to higher gross margins…
TapNation acquires new Ai-powered subsidiary UAhero
Leading mobile games developer and publisher TapNation has acquired UAhero: an AI-powered user acquisition and monetization platform providing automation thanks to advanced algorithms. By leveraging UAhero's advanced analytics and industry…
President confers PEC Excellence Award upon Chairman WAPDA.
The President of the Islamic Republic of Pakistan, Dr Arif Alvi, conferred the PEC Excellence Award upon Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) in recognition of his outstanding…
PTCL, Huawei conduct 50G-PON trial to pioneer Next Generation Fiber Optic Broadband in Pakistan
Pakistan Telecommunication Company Limited (PTCL), the country's leading broadband service provider, proudly announces the successful completion of the country's first successful trial of 50G-PON technology, marking a historic stride towards…
Infinix takes center stage at CES 2024
Infinix, a trendy tech brand crafted for young consumers, made a resounding impact at the recently concluded Consumer Electronics Show (CES) 2024, one of the world's largest and most influential…
Sindh Food Authority commends Sunridge Foods for fortification and exemplary food safety practices.
Agha Fakhar Hussain, the Director General of the Sindh Food Authority (SFA), and his team thoroughly assessed food processing facilities during their visit to Sunridge Flour Mill and Unity Foods…
Pakistan is still looking for global recognition of its currency
The advisor to the president of FPCCI, Iftikhar Khan, stated on Sunday that the IT and solar sectors are both promising and ought to be encouraged. He said these industries…
A hike in utilities prices has proved to be unproductive.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Sunday that the policy of continued increases in the tariffs of electricity and…
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…