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 release said. By focusing on grassroots tournaments, they will be bringing in massive gaming titles…
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 to maintain its elevated levels during the month, reflecting the prevalent recovery and high economic…
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 240k tons in SPLY given a low base impact since lockdown was imposed last year,…
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 year as business activities remained curtailed. Among the major value-added categories, growth was most rampant…
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, Pakistan’s economy remained resilient and marked a growth of 3.94%, defying the projections of the…
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 A, and Sea Lead. It strengthens trade links through providing ease of access to the…
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 volumes in the same month last year owing to the halt of manufacturing activity in…
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 purchased external pulp. The decision has been made as the consultations with trade unions regarding…
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 above USD 50 per barrel. Kurdistan’s Minister of Natural Resources has informed the international oil…
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 Australia and New Zealand with world-class digital design, simulation, test, manufacturing and data management software…
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. Special Assistant to Prime Minister for Power & Petroleum Tabish Gauhar accompanied by Managing Director…
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, allow Walmart Health to provide access to virtual care across the nation including urgent, behavioral…