President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has said that the announcement of increase in rates of electricity ranging from Rs.1.09 to Rs.2.80 has come…
"A 20 inch diameter PSO import line passing inside Shell Pakistan's terminal 1 at Kemari caught fire, authorities have been quick to action, fire brigades, emergency rescue staff along with…
As part of its CSR efforts to support the marginalized strata of society in the rain - and flood-hit Karachi, country's leading cellular and digital services provider, Zong 4G, has…
The total liquid foreign reserves held by the country stood at US$ 19,842.8 million on 28-August-2020.The break-up of the foreign reserves position is as under:- Foreign reserves held by the…
Popular online grocery delivery startup GrocerApp has raised $1 million in seed funding from investors that include former Amazon executives and entrepreneurs with a history of high-profile exits in the…
A technology company providing digital solutions globally, Hysab Kytab is proud to announce the signing of two international partnerships. The company has signed agreements with Zambia based Open Canvas Consulting…
As per provisional data, overall OMC sales in August 2020 grew 21% yoy but slowed 7% mom to 1.55mn tons. Excluding furnace oil (FO), sales growth was lower at 12%…
NBP for the 2QCY20 posted an increase in NII of 58.55%YoY, now at PKR 31,869mn up from PKR 20,100mn during SPLY. The total non-interest income climbed up by 1.09%YoY, and…
Amid the COVID-19 pandemic, when most businesses in Pakistan suffered due to halt in operations, Pakistan Petroleum Limited (PPL), achieved a milestone with nearly zero decline in production from operated…
JS Bank has reported an incredible turnaround in its profitability by posting profit before tax of PKR 1,472 million for the half year ended June 30, 2020 as compared to…
Market continued the bull run to post a total gain of 556pts during the session, closing the session +505pts (unadjusted). Brisk trading activity was witnessed, which saw NBP trading at…
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance and former provincial minister Mian Zahid Hussain on Wednesday met with the COAS at Corps Headquarters and said that…
Facebook has launched a new product in Pakistan to help limit the spread of misinformation and to provide people using the platform with additional context before they share images that…
Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country's leading digital payments platform Easypaisa, has received an investment capital position and placed the…
TPL Trakker, Pakistan's leading IoT Company providing Tracking, Telematics, and Location Based Services and Solutions, has partnered with Rider, a rapidly growing end-to-end e-commerce logistics company. Following the partnership, TPL…
The State Bank of Pakistan has today released a revised suite of Guidelines on Stress Testing, which replaces the earlier guidelines issued in 2012. Stress testing is a key tool…
Emirates SkyCargo, the freight division of Emirates airline, has transported over 10 million mangoes from Pakistan this season to destinations around the world. Pakistan is regarded as one of the…
Careem Captains can now avail affordable online courses for their children Captains can avail special discounted vocational training courses such as 'Computer Programming and App Development' and 'Social Media and…
According to Karachi Port Trust, cargo handling activities of Karachi port during the last24 hours ending at 0700 hours stand as follows:- Ships Berthed 03 Ships berthed and berthed at…
Telenor Pakistan and National Highways & Motorway Police (NH&MP) have come together in order to highlight the role of technology and explore various avenues for introduction of latest technologies towards…
Market continued the bull run by adding another 290pts during the session and closed +267pts (unadjusted). Cement sector contributed the most on the index, whereby LUCK, PIOC and MLCF performed…
In order to facilitate the customers in the aftermath of the rain and flooding disruption K-Electric has extended the deadline for payments of electricity bills. This extension is applicable on…
The I.I Chudrigar Road, a hub of Karachi business activities was totally submerged in rainwater during the recent monsoon. While the spell of monsoon rains played havoc across the city,…
The KSE-100 continued upwards in August 2020 (up 4.7%mom) after a sharp rebound of 14% in July (CYTD decline reversed to return of 1%). Market sentiment remained optimistic, as in…
Pakistan State Oil (PSO) has posted an unconsolidated 4QFY20 NLAT of PKR9.5bn (LPS PKR20.18), compared to a loss of PKR3.4bn (LPS PKR7.30) in 3Q. This drags FY20 result into a…
