PSO: EPS of PKR 21.91 in 9MFY23
Pakistan State Oil Company Limited (PSO) announced its financial result for 9MFY23 posting a profit after tax (PAT) of PKR 10.3bn (EPS: PKR 21.91) compared to PKR 64.8bn (EPS: PKR…
Kohat Cement Company announced the financial result for 3QFY23 today
Kohat Cement Company Limited (KOHC) announced the financial result for 3QFY23 today, posting a profit after tax (PAT) of PKR 1,624mn (EPS: PKR 8.08) compared to PKR 1,646mn (EPS: PKR…
OGDC announced a cash dividend of PKR 1.80/share in 3QFY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax of PKR 159,639mn (EPS: PKR 37.12) during 9MFY23 compared to PKR 112,044mn (EPS:…
Uncontrolled exports and sugar smuggling would push the prices to Rs200 per kg.
Dr. Hanif Mughal, Senior Vice President of Pakistan Economy Watch (PEW), on Thursday, said the powerful sugar mafia is depriving poor masses of billions of rupees by constantly increasing the…
HUBC announced a cash dividend of PKR 2.75/share: 3QFY23
9MFY23: Earnings registered an increase of 57% YoY The Hub Power Company Limited (HUBC) announced its 3QFY23 financial result today where the company posted a profit after tax (PAT) of…
Zonergy Corporation global launched its Industrial and Commercial Energy Storage System-SCOPIO.
Zonergy Corporation, World's Leading PV Inverter & module manufacturer, has globally launched its Industrial and Commercial Energy storage system (Scopio) to cater growing needs of the European Renewable energy market.…
UAE investor acquires majority shareholding and management control of Summit Bank
Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the "Investor"), has acquired a controlling stake in Summit Bank, a move that was recently…
KAPCO: 3QFY23 EPS @ PKR 0.78
Kot Addu Power Company Limited (KAPCO) announced its 3QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 689mn (EPS: PKR 0.78), down by 74%…
Syed Kashif Rafi joins as an Advisor Harvard Business Review Advisory Council,
ILMA University's Registrar, Syed Kashif Rafi, joins as an Advisor Harvard Business Review Advisory Council, bringing over two decades of industry and academia experience. As an Advisor, he will provide…
Inauguration of Belgian Companies Catalogues Exhibition
The Karachi Chamber of Commerce & Industry is organising a BELGIAN COMPANIES CATALOGUES EXHIBITION in collaboration with the Economic & Commercial of the Embassy of Belgium. The inauguration of the…
After Eid, the PSX resumed trading with a bullish session.
· Following a long Eid holiday, the PSX resumed trading with a bullish session. The benchmark KSE-100 index opened in the green as bulls took control, reaching an intraday high…
Philip Morris Pakistan announces financial results for 1QFY23
Philip Morris (Pakistan) Limited (the Company) announced its financial results for the quarter ended March 31, 2023. During the quarter, the Company reported a Total Net Turnover of PKR 5,822…
Karandaaz Pakistan partners with foodpanda to increase digital payments in the country
Karandaaz Pakistan and foodpanda Pakistan recently signed an agreement which aimed to increase financial inclusion in the country by facilitating the onboarding of customers, who are habitual users of the…
President KCCI seeks an extension on the last date of the electricity bills payment
President Karachi Chamber of Commerce and Industry (KCCI) Mohammed Tariq Yousuf has requested the management of K-Electric to extend the last date to pay electricity bills given the extended holidays…
PPL funds the Center of Excellence at UET, Lahore
Pakistan Petroleum Limited (PPL), a leading E&P company since the early 1950s and one of the largest corporate donors in the country, has funded the establishment of 'Center of Excellence…
Google launches the first “App Growth Lab” in Pakistan to support high-potential app developers.
Following the Gaming Growth Lab launch in Pakistan last year, Google announced today that it had opened the first-ever App Growth Lab in Pakistan. The latter is a four-month program…
IMC reports yet another decline in profits for the third consecutive quarter
Indus Motor Company Limited (IMC), announced its financial results for the third quarter ended March 31, 2023, that witnessed a drop in profit after tax by 61.8% to Rs. 5.84…
Poor economic policies did not allow the economy to grow
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the most important economic…
Energy-efficient Ericsson radios win Red Dot Product Design Award
Ericsson has once again shown that its industry design innovation is top-notch by winning this year's Red Dot Product Design Award for two energy-efficient 5G radios. In addition to the…
President UBG welcomed the surplus of $654 million in the current account.
President of United Business Group (UBG) and former president of FPCCI, Zubair F. Tufail has welcomed the surplus of $654 million in the current account in the third month of…
Pakistan’s private sector is playing a very responsible role, President SAARC CC&I
President of SAARC Chamber of Commerce and Industry, founder of Pakistan-US Business Council and former president of FPCCI Iftikhar Ali Malik said that Pakistan had fulfilled all the conditions of…
The current account surplus will not stabilise the economy
Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr Shahid Rasheed Butt on Monday said the first current account surplus in two years will not help stabilise the…
National Foods partners with Rizq Foundation
NFL has partnered with Rizq Foundation to distribute 6000 Iftar meals under the "Zaiqa Mil Bethne Ka" campaign. Meals were distributed at Kiran Foundation in Karachi and GC University in…
Pakistan Technology: IT exports post MoM recovery to US$223mn; 9MFY23 exports flat at US$1.94bn
§ Pakistan's Information Technology (IT) exports for March 2023 recovered by 14% MoM due to a 51% MoM increase in Telecom and 8% MoM in Computer Services. § Among Computer…
Pakistan Key Economic Indicators – Monthly Update
Pakistan posted a Current Account Surplus (CAS) of US$654mn in March 2023 against a deficit of US$36mn in February 2023. This is the first monthly surplus since November 2020, thanks…