Amreli Steel approved an investment to install facility for production of ADC12 Aluminum Alloy Ingots
The Board of Directors of Amreli Steel Limited (ASTL) recently approved an investment to install facility for production of ADC12 Aluminum Alloy Ingots, which is widely used alloy to produce Pressure Die Casting (PDC) components used in Engineering, Electric Lighting and Automotive Industry.… Continue
Treet Corporation Limited trims costs with Oracle Cloud Infrastructure
Treet Corporation Limited (TCL), a Treet Group company, uses Oracle Cloud Infrastructure (OCI) to help lower costs, support business growth, and improve productivity. By migrating its on-premises, business-critical finance, and manufacturing applications to OCI, TCL has reduced its capital expenditure (CAPEX) by 66 percent, maintenance costs by 50 percent, and sped up data backup times by 66 percent while minimizing system downtime.… Continue
Musadik Malik visited PSO’s Head Office in Karachi
Minister of State (Petroleum Division), Ministry of Energy, Mr. Musadik Malik visited PSO’s Head Office in Karachi. Managing Director & CEO, Pakistan State Oil (PSO), Syed Taha welcomed the honorable guest along with the company’s senior management.
The honorable minister was given an overview of the company’s financial and operational performance, milestones achieved and key challenges.… Continue
Boskalis vessels switch to green shore power facility in Rotterdam
The Port of Rotterdam Authority and Eneco are going to construct shore-based power facilities in the Waalhaven, Rotterdam (the Netherlands) so that moored Boskalis vessels can run on green electricity instead of fossil fuels. The shore-based power installation will be built on the Boskalis site in the Waalhaven, Rotterdam.… Continue
D.G. Khan Cement Company foresees a decline in cement demands owing to various factors
D.G. Khan Cement Company has estimated that cement markets are likely to suffer in FY23 due to budget constraints, which suggests growth next year will be negative or single-digit. Moreover, the management in a corporate briefing stated today that various projects were put on hold amid high steel and cement prices.… Continue
PSX witnessed a positive session today due to clarity on budgetary measures
· PSX witnessed a positive session today due to clarity on budgetary measures taken by the government imposing super tax also dubbed as “Poverty alleviation tax” on large corporate’s profitability pertaining to tax year 2022. Moreover, expectation of IMF will send a draft of the Memorandum of Economic and Financial Policies to Pakistan today driving optimism among investor triggering value buying across the board. … Continue
LNG crisis engulfing the country: Mian Zahid Hussain
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain on Monday said a serious LNG crisis is engulfing the country, which can be tackled through controlling wastage and rationing.… Continue
Darul Sehat Hospital sends employees for Hajj
Darul Sehat Hospital, owned and operated by Darul Shifa International (Pvt) Ltd. sends six of its hospital employees for the holy pilgrimage of Hajj this year. The recipients were selected via a lucky draw that included all hospital employees and presided under Darul Sehat Hospital, Chairman, Mr Amir Chishti.… Continue
British Council organizes Pakistan stories film screening
The British Council, in collaboration with Patakha Pictures in Pakistan and the Scottish Documentary Institute in the UK organized a film screening event for “Pakistan Stories” at a hotel in Islamabad. Pakistan Stories seeks to support a new generation of female Pakistani documentary filmmakers to enable them to create engaging films that reflect on their society, and Pakistan’s 75 years of independence.… Continue
JazzCash and Bank of Khyber enter strategic partnership for KPK’s Insaaf Food Programme
Pakistan’s leading fintech JazzCash, in collaboration with Bank of Khyber (BoK), is strengthening the country’s digital payments ecosystem. JazzCash users living in Khyber Pakhtunkhwa (KPK) will now be able to receive PKR 2,100 for the government’s Insaaf Food Programme through the JazzCash retail network and existing JazzCash customers will receive funds in their JazzCash mobile wallets.… Continue