Pakistan’s Competition Commission initiates enquiry against Foodpanda for abuse of dominant position
ISLAMABAD, PAKISTAN: The Competition Commission of Pakistan (CCP) has initiated an enquiry against Foodpanda to investigate its alleged abuse of dominant position and a possible violation...
Jet2.com and Jet2holidays launch inaugural flight from Bristol Airport
LONDON, UK: Jet2.com and Jet2holidays launched inaugural flight from Bristol Airport on June 2nd, a news release said. The start of operations from Bristol Airport...
TotalEnergies and Uber partner to accelerate the transition towards electric urban mobility
PARIS, FRANCE: TotalEnergies and Uber are partnering to accelerate the transition of Uber’s drivers towards electric mobility, by providing support for vehicle conversion and easier...
Online grocery startup GrocerApp raises $5.2 million in Series A funding
KARACHI, PAKISTAN: Online grocery delivery platform, GrocerApp, has raised $5.2 million in a Series-A round from leading institutional and angel investors. The round was led...
Governor State Bank Reza Baqir appointed Chairman of General Assembly of Islamic Financial Services Board
KARACHI, PAKISTAN: Governor State Bank of Pakistan (SBP), Dr. Reza Baqir is appointed as the Chairman of the General Assembly of Islamic Financial Services Board...
ESPL and REDtone Digital Services bring electronic gaming to Pakistan
KARACHI, PAKISTAN: ESPL, one of the world’s largest esports firms, has partnered with REDtone Digital Services (RDS), to bring electronic gaming to Pakistan, a news...
Pakistan’s oil products sales grow by 14 percent
Total OMC sales grew by 14% YoY to 1,692kT during May21, aided largely by increased off-take in all three major categories. The OMC sector continued...
Pakistan urea and DAP sales grow by 109% and 108%
During the month of May’21, data for provisional fertilizer offtake show that urea offtake portrayed a significant growth of 109% YoY to 502k tons against...
Pakistan textile exports surge 231% in April 2021
Pakistan’s textile exports increased by 231% YoY in Apr-2021, where such impressive growth (or rather, recovery) was always on the cards, given the lockdowns last...
Pakistan posts 3.94% GDP growth in FY21
The National Accounts Committee (NAC), in its 103th meeting, presented the provisional growth estimates of the GDP. Despite epidemiologic resurgence in the current fiscal year,...
Hutchison Ports launches shipping to South East Asia, China and Korea
KARACHI: Hutchison Ports Pakistan, the country’s state-of-the-art deep-water port launched a new regular shipping service brought by the consortium comprising of Global Feeders, Sinokor, Heung...
Pakistan’s automobile sales volumes stood at 17,233 units in April
Auto sales (Cars & LCVs) stood at 17,233 units during Apr-21, where a fair YoY comparison this time is not possible, due to the near-zero...