Pakistan’s power generation hits a 3.5-year low amid cost fluctuations
Why wind is underutilized in Pakistan for power generation? KARACHI: Pakistan’s power generation has plummeted to its lowest in over three years. February 2024 saw...
Engro Fertilizers takes action to reinforce urea pricing regulations
KARACHI: Engro Fertilizers, a leading agricultural support company, has taken decisive steps to ensure the enforcement of urea pricing guidelines in line with the Government’s...
Acquisition of Advans Microfinance Bank by MNT – Halan Pak B.V. approved
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT–Halan Pak B.V....
How GST hike could spell doom for Pakistan’s auto industry
Pakistan’s auto industry is facing a crisis as the government plans to increase the goods and services tax (GST) on small size sedans from 17%...
Pakistan’s textile exports rise by 10% in January
LAHORE: Pakistan’s textile exports have shown a remarkable growth of 10% year-on-year in January 2024, reaching US$1.45 billion, according to the latest data released by...
Descon and IFC join hands to reduce postharvest losses in Pakistan
KARACHI: Descon, a leading industrial conglomerate, and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Understanding...
Engro Corporation appoints Ahsan Zafar Syed as new CEO
KARACHI: Engro Corporation, a leading Pakistani business group, has named Ahsan Zafar Syed as its next President & CEO, effective from May 2024. He will...
Pakistan automobile sales hit by multiple factors in Dec’23, PAMA reports
KARACHI: The Pakistan Automotive Manufacturers Association (PAMA) released its monthly data for Dec’23, revealing a dismal performance of the automotive industry. According to PAMA, the...
Pakistani banks shine in Asia-Pacific as stock market rallies to record highs
Pakistani banks dominated the list of the best-performing bank stocks in the Asia-Pacific region in the last quarter of 2023, as the Pakistan Stock Exchange...
Petroleum sales slump in Pakistan amid high prices and low demand
ISLAMABAD: The sales of petroleum products in Pakistan witnessed a sharp decline of 7% year-on-year (YoY) in December 2023, reaching 1.24 million tons, according to...
Pakistan’s textile exports decline by 7% in November 2023
ISLAMABAD: Pakistan’s textile exports fell by 7% year-on-year in November 2023, according to the latest data released by the Pakistan Bureau of Statistics (IPBS). The...
U Bank and Bank Alfalah join hands to boost microfinance in Pakistan
KARACHI: In a bid to strengthen the microfinance sector in Pakistan and promote financial inclusion, U Microfinance Bank (U Bank) and Bank Alfalah Limited have...