Indus Motor declares Rs 15.07 billion PAT for 2023-24
Indus Motor Company Limited (IMC), announced its financial results for the year ended June 30, 2024. Due to a decline in sales volumes, the company’s net sales turnover for the year…
Indus announced a final cash dividend of PKR 43.0/share
INDU announced earnings (PAT) today for 4QFY24 at PKR 5.7bn (EPS: PKR 72.09), depicting an increase of 48% YoY (4QFY23 EPS: PKR 48.61). With this, FY24’s PAT settles at PKR…
Arshad Nadeem and realme have partnered for a smartphone brand collaboration
The world’s fastest-growing smartphone brand, realme, continues to solidify its position at the forefront of innovation and quality by proudly announcing its partnership with Pakistan's national hero, Arshad Nadeem. Known…
Indus Motor plan a 6.6MW solar photo voltaic plant, the largest one in Pakistan
The Professionals Network (TPN) honored Indus Motor Company (IMC) with awards in multiple categories for its continued commitment and exceptional contribution to the Global Goals at the 10th International Environment,…
ONIC sets groundbreaking telecom benchmarks with digital connectivity
ONIC, a pioneering digital telco brand launched just a year ago, has remarkably impacted Pakistan’s telecom industry. It started as a bold vision, which has become a thriving reality through…
Local manufacturing of mobile phones down 20% YoY in Jul-2024 amid pre-buying
As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile companies have manufactured/assembled 1.61mn units, down 20% YoY & 62% MoM in Jul-2024. The decline in…
HUBC is currently exploring opportunities and engaging with battery manufacturers in China.
Hub Power Company Ltd (HUBC) held its analyst briefing earlier today, where the following was discussed: · HUBC reported a consolidated NPAT of PkR70bn (EPS: PkR53.98) for the year, marking a…
Pakistan’s first low-carbon energy storage project by Telenor
Telenor Pakistan proudly announces its participation in the historic launch of Pakistan’s first low-carbon Energy Storage as a Service (ESaaS) project, marking a significant milestone in its telecom and energy…
Al-Ghazi Tractors empowers women in Agriculture
Al-Ghazi Tractors Limited, in collaboration with the Agriculture Department, Government of Sindh, proudly announces the successful completion of the transformative "Khud Mukhtar Baa Waqar" workshop, held from August 20th to…
Ufone 4G offers Samsung Smartphones at attractive prices in Pakistan
August 22, 2024: Ufone 4G, a leading telecommunications provider in Pakistan, has forged a strategic partnership with Samsung, a South Korean technology giant, to offer smartphones to customers at competitive…
Zong brings its seamless and high-speed 4G services to Gilgit Baltistan.
Zong, Pakistan’s leading telecom operator, brings its seamless and high-speed 4G services to Gilgit Baltistan. The network is live city-wide in Gilgit, Hunza, and Skardu, with further rollouts ready for…
Governor Sindh visits IMC & lauds localization achievements
Indus Motor Company (IMC) announced notable progress in the local auto industry, highlighting recent achievements in localization and international expansion. During a visit to IMC’s plant, Chief Executive Officer Ali…
Telenor Pakistan brings secure eSIM Technology
Today, Telenor Pakistan announced the launch of its advanced eSIM technology for its customers nationwide. As a pioneer in the industry, Telenor Pakistan is the first to offer a first-of-its-kind…
Ghandhara Tyre and Rubber Company Ltd. Ushers in New Era with Shandong Huasheng Rubber Co., Ltd
Ghandhara Tyre and Rubber Company Limited (GTR) has today marked a pivotal moment in its operational history by announcing the termination of its long-standing Royalty Technical Services Agreement with Continental…
BYD’s three highly anticipated models will be on Pakistani roads soon.
In partnership with Mega Motor Co, BYD, the world’s leading New Energy Vehicle manufacturer, hosted an experiential launch event at the Lahore Expo Centre. The company showcased its long-term vision…
Telenor Pakistan bolsters network in Gilgit Baltistan
Telenor Pakistan proudly announces the launch of its state-of-the-art 4G internet services in Hunza and the upgradation and expansion of its network in Gilgit and Skardu, marking a significant milestone…
Mobilink Bank partners with Systems Limited to drive superior customer experience
Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Systems Limited to leverage the power of Temenos Core, modernizing its core banking platform and boosting business and operational capabilities.…
PTCL Group to provide Managed WAN and All-In-One Desktop Projects for ZTBL sites
Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group (PTCL & Ufone 4G), and the country's largest agriculture bank, Zarai Taraqiati Bank Limited (ZTBL), have signed an agreement for…
Auto sales fall to 8.6k units, down by 35% MoM
§ In Jul’24, the automotive industry saw a decline in sales, dropping to 8,600 units—a 35% decrease MoM but a 60% increase YoY, according to PAMA. § The MoM decline is mainly…
VLEKTRA VELOCITY has a range of 180 km on a single charge and costs under Rs1/km to operate.
In a pioneering moment for Pakistan's electric vehicle sector, VLEKTRA has successfully completed the first-ever intercity journey on an electric motorcycle from Karachi to Hyderabad. This historic ride, which took…
Jazz invests PKR 19 billion in H1 2024
Jazz, JazzCash, Mobilink Microfinance Bank, and digital services as VEON Group concerns in Pakistan reported an impressive 27.7% year-over-year revenue growth in USD terms for the second quarter of 2024.…
Pakistan’s tractor industry faces shutdown as Paapam seeks Prime Minister’s intervention
The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has announced that the tractor industry is on the brink of a complete shutdown due to the Federal Board of…
GSMA highlights Pakistan’s digital progress and potential to spur accelerated economic growth.
Pakistan is poised to unlock its economic potential through accelerated digital transformation, according to a new report, “Realising Pakistan's Aspiration to become a Digital Nation,” launched today by the GSMA…
HUBCO to launch BYD passenger cars on 17th August in Pakistan
BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, will join forces with Mega Motor Company (Private) Limited, a subsidiary of Hub Power Company Limited (HUBCO), to host a grand…
Pakistan local mobile phones exhibit record sales in Jun-2024.
The Pakistan Telecommunication Authority (PTA) announced that 4.26 million mobile phones had been manufactured and assembled locally, a whopping 13 times increase from the previous year and a two-time increase…