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 240k tons in SPLY given…

NNR June 2, 2021

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 year as business activities remained…

NNR May 24, 2021

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, Pakistan’s economy remained resilient and…

NNR May 22, 2021

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 A, and Sea Lead. It…

NNR May 19, 2021

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 volumes in the same month…

NNR May 18, 2021

Nordic Paper discontinues pulp production at Säffle plant

“With this decision, we will increase our competitiveness and secure our position as a world leading producer of greaseproof papers,” says Anita Sjölander, CEO of Nordic Paper. STOCKHOLM: Nordic Paper…

NNR May 17, 2021

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 above USD 50 per barrel.…

NNR May 13, 2021

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 Australia and New Zealand with…

NNR May 10, 2021

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. Special Assistant to Prime Minister…

NNR May 8, 2021

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 reinforces Walmart’s commitment to integrated, omnichannel health delivery that leverages data…

NNR May 6, 2021

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 a large, new-built office property…

NNR May 6, 2021

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. “The management is targeting to…

NNR May 6, 2021