Shareholders rejoice as Lucky Cement continues to break profitability records
Continuing its remarkable legacy of surpassing one milestone after another, on a consolidated basis, Lucky Cement Limited, achieved its highest ever profit after tax of...
Business & Economy
Petroleum import bill contracts by 11.66% in 9 months
The imports of the overall petroleum group contracted by 11.66 per cent during the first nine months of the current fiscal year (2022-23) as compared...
Netline becomes first Pakistani company to receive $4.5m valuation in energy sector
Intermarket Securities, a leading brokerage firm, confirmed a $4.5 million valuation for NetLine, a family-owned business in the energy and power sector. NetLine is known...
PSX goes live with Public PRIDE
After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE...
ECC allows continuation of PM relief package to KPK, approves funds for PSM gas supply
The Economic Coordination Committee (ECC) of the cabinet here on Tuesday allowed the continuation of Prime Minister’s Relief Package and Sasta Atta Initiatives for Khyber...
Gallup Business Confidence Index drops to lowest level in Pakistan
Entrepreneurs are getting increasingly pessimistic about the conditions of their businesses owing to Pakistan’s political and economic situation. According to a Gallup Pakistan survey conducted...
Pakistan receives $1.5bn under BRACE program from ADB
The Asian Development Bank (ADB) on Wednesday released $1.5 billion to the State Bank of Pakistan (SBP) under Building Resilience Under Active Countercyclical Expenditures (BRACE)...
Meezan Bank wins the ‘Best Company in Financial Category’ award
Meezan Bank was conferred with the top honour in the financial sector category at the Management Association of Pakistan’s (MAP) 37th Corporate Excellence Awards. The...
Shehbaz orders to link Thar coal mines to railway by March 2023
Prime Minister Shehbaz Sharif has ordered authorities to complete the linking of Thar Coal Mines with railways by March 23, 2023. The linkage would enable...
Gas production dropped by 6pc in 2020-21: report
Oil imports went up by 27.82 per cent, while natural gas production dropped by 6 per cent in the fiscal year 2020-21, the annual report...