Applications are now open in Pakistan for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve…
· Mar'23 volumetric offtake clocked in at 1.1mn tons, falling by 9%/39% on a MoM/YoY basis, with HSD and FO leading the decline (down 43%/70%YoY). · The said fall (35…
· The PSX recorded a negative session today. The market opened in the red and continued to trade in the same territory due to the expectation of a rate hike…
Continuing its annual tradition, Daraz, Pakistan's leading online marketplace, has partnered with several non-profit organizations to give its users the option to support causes closest to their hearts during Ramadan.…
The prevalence of Glaucoma in children is increasing rapidly in Pakistan, requiring proper intervention, Al-Shifa Trust eye hospital said Friday. Glaucoma in children is a vision-threatening condition highly prevalent in…
Mrs. Fariha Spogmai and Sheikh Abdullah Mandokhail Representative and Patron Pakistan canoe & Kayak Federation visited Balochistan's first and only International Canoeing and Rowing Olympic Sports Academy & Center "Hayat…
Habib Metropolitan Bank Limited hosted a corporate briefing for CY22, today. Following are the key takeaways: During the year, HMB showed tremendous growth with PBT up by 28%YoY, Advances up…
Mr. Shabbir Mansha, Vice President FPCCI, has apprised the business, industry and trade community of Pakistan that, with effect from 14th August 2023, all prior SROs pertaining to export facilitation…
Nearly 150 beginner, intermediate, established, and aspiring content creators gathered at the Centre for Excellence in Journalism's (CEJ-IBA) 'Click! The Digital News Ideathon' to learn how to monetise their content…
· To cap off the business week, the PSX recorded a negative session. The market opened in the negative zone but continued to trade both ways during the opening session, as…
Pakistan Business Council (FPBC) organised the 10th edition of its legacy Finland Pakistan Business Summit 2023. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to…
On Saturday, former Vice President of FPCCI Atif Ikram Sheikh said that the taxation on the poor should be stopped, and the deficit should be met by taxing the rich.…
President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman said that the government has exempted a large sector of the economy from tax, while big landlords are being given…
Zonergy Corporation showcases its smart Energy Solutions in Indonesia's most renowned International Solar Energy Exhibition (Solartech Indonesia 2023)held at Jakarta Convention and Exhibition Center, Indonesia. Zonergy Corporation made its debut…
· Today, the Bulls prevailed at the PSX. The session began in the negative zone, but bulls quickly turned the tide, with the index reaching an intraday high of 688.23 points.…
Dr Shahid Javed Burki, World renowned political economist and former finance minister, has emphasised enhancing the ratio of domestic savings, tax collection and investments in the SME sector for sustainable…
· Headline inflation for the month of Feb'23 clocked in at 31.5%YoY, taking the 8MFY23 average inflation to 26.2%. On a MoM basis, the inflation was recorded at 4.3%MoM—the highest monthly…
In the current situation in Pakistan, there is a need to pay attention to the development of agriculture and its prosperity. European countries must firmly establish their footing, for which…
· The PSX witnessed a positive session today. The benchmark KSE-100 index opened in green and kept hovering in a positive zone throughout the trading session, reaching an intraday high…
Oil & Gas Development Company Limited (OGDC) is scheduled to release its 2QFY23 earnings on Wednesday, wherein we expect the company to post NPAT of PkR37.30bn (EPS PkR8.66), changing by…
Strengthening upon the reverberating journey of the globally recognized, S&P Global Award Winner K-Electric's Roshni Baji brand ambassador program, the company has announced the launch of the third cohort of…
· The PSX concluded the week with a mixed session. The benchmark KSE-100 Index traded in a narrow range in both session as investor involvement remain sluggish as they remained…
The proposed unprecedented tax hike for the tax-paying tobacco companies will effectively favour the already vast illicit cigarette manufacturers in Pakistan. This will also lead to significant shortfalls in Government…
· A range bound session was witnessed at PSX today. The KSE-100 index opened in green, but rumors of emergent policy meeting kept the index choppy and traded in narrow…
The total liquid foreign reserves held by the country stood at US$ 8,702.2 million as of 10-Feb-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
