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…
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…
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 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 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…
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, 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 (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 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…
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 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…
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…
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…
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.…
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%.…
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 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…
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…
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…
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…
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…
• 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 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…
The Korangi Association of Trade and Industry (KATI) has extended its congratulations on announcing a new industrial zone spanning 10,000 acres in Karachi by the Caretaker Federal Minister for Industry…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the disparity between…
