Nordic Paper discontinues pulp production at Säffle plant
STOCKHOLM: Nordic Paper Holding has decided to discontinue the production of pulp at the Säffle plant during the fourth quarter 2021 and replace it with...
Kurdistan reduces threshold of payments to oil companies to 20 percent
OSLO: Kurdistan’s Minister of Natural Resources has reduced the payment threshold of the withheld amounts to 20 percent from 50 percent earlier of incremental revenue...
PROLIM Global acquires Australia-based Edge PLM Software
DETROIT: PROLIM Global Corporation has acquired Australia-based Edge PLM Software Pty Ltd., a news release said. Founded in March 2004, with over 330 customers, Edge PLM provides customers across...
PSO launches digitally integrated oil storage and dispatch terminal
KARACHI: Pakistan State Oil (PSO) has launched country’s first digitally integrated oil storage and dispatch terminal at PSO’s Keamari Terminal (KTA) in southern port city....
Walmart Health to acquire MeMD, a multi-specialty telehealth provider
BENTONVILLE: Walmart Health has entered an agreement to acquire MeMD, a multi-specialty telehealth provider, a news release said. This acquisition will, over the coming months,...
Entra ASA to buy Fyrstikkalléen 1 property for NOK 2.3 billion
OSLO: Entra ASA is in exclusive negotiations to acquire the property Fyrstikkalléen 1 for approximately NOK 2.3 billion, a news releases said. Fyrstikkalléen 1 is...
Interloop Limited plans $300 million expansion to capture pent up demand
KARACHI: Interloop Limited (ILP) has plans to invest $300 million to expand its production capacity and install apparel factory to capture the pent up demand....
Pakistan Urea offtake jumped by 29%; DAP sales fall by 79% in Apr’21
Apr’21: Urea sales jumped by 29% YoY; DAP sales fall by 79% YoY During the month of Apr’21, data for provisional fertilizer offtake depicts that...
Pakistan Stock Exchange listed companies earnings grow 93%
§ Earnings of the KSE-100 Index depicted a robust trend for another quarter, rising 93% YoY / 12% QoQ during 3QFY21. Compared to 3QFY19 and...
Pakistan CPI increased by 11.1% YoY in April
Headline inflation clocked-in at 11.10% YoY in Apr-2021, compared to a 9.05% YoY increase in Mar-2021. The surge in inflation during the month is partly...
Pakistan cuts international air traffic by 80 percent to control Covid spread
ISLAMABAD: Government of Pakistan has announced to cut international flights by 80% to control the coronavirus spread in the country. Inbound air traffic will operate...
MSCI Semi Annual Index Review May’21
§ Pakistan’s equity market has recorded a decrease of 2.2% or 1,002pts (USD based return of +0.67%) since the last MSCI semiannual review back in Feb’21....