Urea import is needed to meet the demand-supply gap.

As per the latest data compiled by NFDC, in Oct’22, Urea offtakes declined by 16%YoY/15%MoM to 430k tons.

The Rabi 2022-23 season started with an opening inventory of 294k tons of urea. The total availability of urea would be around 3,494k tons comprising of 2,937k tons domestic production and 263k tons of imported supply.… Continue

Pakistan IT exports in Oct-22 up by 13% YoY

Information Technology (IT) exports of Pakistan for October 2022 increased by 13% YoY to US$221mn due to an increase of 38%/8% YoY in Telecom/Computer services.

Export number also recovered by 7% MoM from September 2022 mainly due to a 42% MoM increase in Telecom Services.… Continue

Huawei signs global ITU pledge to help 120 million people in remote areas connect to the digital world

Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.

Liang Hua, Chairman of Huawei, announced the decision at the company’s 2022 Sustainability Forum, Connectivity+: Innovate for Impact.… Continue

Pakistan POL imports drop 29.5% in 4MFY23

·         Past four months have seen the demand for refined petroleum products drop by 21.6% majorly due to higher pump prices, impact due to floods and an overall economic slowdown.

·         A 29.5% decline in POL product imports was witnessed as well in the first four months (Jul-Oct), compared to SPLY, as quantity imported stood at 6.06mn tons during the period vs.… Continue

LUMS and London School of Economics partner to celebrate 75 years of Pakistan

LUMS recently hosted the ‘Pakistan@75’ Summit curated by the South Asia Centre of the London School of Economics and Political Science. This collaborative event brought together over two hundred and fifty students, academics, industry professionals, and entrepreneurs to participate in a series of critical conversations around topics ranging from policy and philanthropy to health and the future of Pakistan’s economy.… Continue

Malaysian CG underscores need to review 15-year-old FTA

Consul General of Malaysia Herman Hardynata Bin Ahmad has said that Malaysia and Pakistan, in addition to having several multilateral agreements as members of UN, OIC and D-8, had also signed 20 bilateral agreements including a Free Trade Agreement (FTA) but this 15-year-old FTA, which was inked in 2008, needs to be reviewed with a view to further improve the existing trade ties between the two brotherly countries.… Continue

EFP recognises foodpanda as a leader in women’s empowerment

foodpanda, one of the leading q-commerce and delivery companies in the country, has been recognised by the Employers’ Federation of Pakistan (EFP) as one of the ‘top 10’ organisations in the country facilitating women’s empowerment through its business.

The prestigious recognition comes as a part of EFP’s research across 250 organisations that practise and enable women’s empowerment.… Continue

NIMA observed World Fisheries Day 2022

Joint efforts of Government and stakeholders are essential for transforming the fisheries sector to address depleting fish stocks and economic prosperity; Mr Tameezuddin Khero, Secretary of Livestock & Fisheries, presides over NIMA’s Webinar

The fisheries sector of Pakistan has a lot of potentials; however, it can be developed with the active support of all stakeholders, including Federal and Provincial Governments.Continue

OGDCL distributes wheelchairs, rickshaws, and school uniforms to the Hindu community

The Oil and Gas Development Company Limited (OGDCL), under its CSR program, has distributed 20 wheelchairs, five rickshaws and 1021 school uniforms and shoes among Hindu community members in the Tharparkar district of Sindh province.

As a responsible corporate entity, OGDCL distributed the wheelchairs, rickshaws, school uniforms and shoes worth PKR 2.4 million from the company’s CSR funds at the request of the Pakistan Hindu Council (PHC).… Continue

IMC & NED commence massive research project to mitigate traffic hazards

Under its social responsibility banner, “Concern Beyond Cars”, Indus Motor Company Limited (IMC) and NED University of Engineering & Technology (NED) have partnered to improve the deteriorating condition of safety on roads in the country. The two year contract was signed by IMC Chief Executive, Ali Asghar Jamali and NEDs Registrar, Ghazanfar Hussain, at the company’s headoffice.… Continue

Spotify brings Pakistan’s first masterclass for Artists Community

Spotify hosted its first Masterclass in Pakistan, exclusive to artists and labels, with the aim to educate them about Spotify For Artists. The signature educational session shed light on avenues for artist development offered through Spotify where musicians have access to the data, tools, and knowledge that they require to facilitate their journey of raising their profile and finding fans across borders.… Continue

Pakistan posts decline in remittances and imports in Oct 2022

Pakistan’s monthly CAD has increased to USD567mn in Oct’22, up 56% MoM primarily due to decline in remittances and imports. However, CAD has reduced significantly on YoY basis from USD1.78bn in Oct’21. This is due to administrative measures to curb non-essential imports and reduced energy imports, lowering the trade deficit to USD2.3bn (-35% YoY and -3% MoM).… Continue