Mobilink Bank registers a solid start to the year by doubling its revenue in Q1 2024 on April 18, 2024Pakistan’s leading digital microfinance institution, Mobilink Bank, has reported a staggering 97% increase in revenue during Q1 2024 compared to the same period last year, marking a powerful start to the year. The Bank’s Profit before Tax (PBT) also witnessed 110% growth. The substantial increase in the revenue and PBT underscore the Bank’s robust financial […]
PTCL Group posted Double Digit Revenue Growth of 14% on April 18, 2024Islamabad, April 18, 2024: Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced its financial results for the quarter ending March 31, 2024. The announcement was made during a Board of Directors meeting in Islamabad. In Q1 2024, PTCL Group upheld its momentum and strengthened its position […]
10Pearls to host the AI Summit on April 18, 2024 Lahore: 10Pearls, a global IT company, is all set to organize a two-day AI summit on April 18–19 at the 23rd ITCN Asia Conference and Exhibition in Expo Center, Lahore. Distinguished national-level thought leaders and experts in artificial intelligence will address various sessions, workshops, and panel discussions on different topics related to the emergence […]
Minister of Transport Leads High-Level Meeting at RUDA headquarters to Forge Integrated Mass Transit Blueprint for Lahore on April 18, 2024Lahore, Punjab — A pivotal high-level meeting convened under the directions of Chief Minister Punjab Maryam Nawaz at the Ravi Urban Development Authority’s (RUDA) headquarters heralded a new era in transportation planning for Lahore and its environs. Chaired by Minister of Transport & Mass Transit, Bilal Akbar, the meeting brought together key stakeholders to formulate […]
Pakistan’s oil refineries set to enhance efficiency under Brownfield Refinery Policy By: APP on April 18, 2024In a significant move towards bolstering Pakistan’s energy security and economic development, three major oil refineries – Attock Oil Refinery, National Oil Refinery, and Pakistan Oil Refinery – are poised to ink an agreement with the Oil and Gas Regulatory Authority (OGRA) under the Brownfield Refinery Policy. The policy, endorsed by the Federal Cabinet in […]
Rupee sheds 10 paisa against dollar By: APP on April 18, 2024The Rupee on Wednesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs278.39 against the previous day’s closing of Rs278.29. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.3 and Rs280.15 respectively. The […]
PSX loses 150 more points By: APP on April 18, 2024The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 150.34 points, a negative change of 0.21 percent, closing at 70,333.32 points against 70,483.66 points the previous trading day. A total of 442,096,653 shares valuing Rs.16.034 billion were traded during the day as compared to 548,418,295 shares valuing Rs. 21.032 billion […]
Gold rates up by Rs 2,200 to Rs 251,900 per tola By: APP on April 18, 2024The per tola price of 24 karat gold witnessed an increase of Rs 2,200 and was sold at Rs 251,900 on Wednesday as compared to its sale at Rs.249,700 on the previous day. The price of 10 grams of 24 karat gold increased by Rs1,887 and was sold at Rs 215,964 against the sale price […]
Rice exports set to reach a record high on good crop output By: inp on April 18, 2024A piece of golden rice, rice waiting to be harvestedPakistan’s rice exports set to reach a record high in recent year on good crop output, Gwadar Pro reported on Wednesday quoting Chela Kewlani, chairman, Rice Exporters Association of Pakistan. In terms of value, rice exports in seven months of the fiscal year have already reached […]
SECP files criminal complaint against dubious frontmen By: inp on April 18, 2024Based on an investigation conducted under the Securities Act, 2015, the Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021. The criminal complaint number 15 […]