US, UAE and UK top 3 destinations of Pakistani exports during Jul-Sep 2024 By: APP on October 26, 2024The United States (US) remained the top export destination of Pakistani products during the first three months of the current financial year 2024-25, followed by the United Arab Emirates (UAE) and the United Kingdom (UK). Total exports to the US during July-September 2024-25 were recorded at US $1461.380 million against the exports of US $1376.300 […]
Lotte Chemical’s profit plunges 75% in 3QCY24 By: News Desk on October 26, 2024Despite higher revenue, Lotte Chemical Pakistan Limited (LOTCHEM), a subsidiary of South Korean chemical giant Lotte Chemical Corporation (LCC), saw its profit-after-tax (PAT) plunge by 75%, clocking in at Rs494.94 million for the quarter ending September 30, 2024 compared to PAT of Rs1.99 billion in same period of the previous year (SPPY). The profit decline […]
OGDC’s profit down 16% in 1QFY25 By: News Desk on October 26, 2024Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company, reported a profit-after-tax (PAT) of Rs41.02 billion for the quarter ended September 30, 2024. Earnings registered a decline of over 16% as compared to Rs49.03 billion in the same period of the previous year (SPLY), showed the E&P’s latest financial […]
Bank of Khyber to support CPEC projects: MD By: APP on October 26, 2024Acting Managing Director, Bank of Khyber (BoK) Irfan Saleem Awan has that BoK is ready to provide full support and assistance to investors involved in China-Pakistan Economic Corridor (CPEC) projects. The bank has opened branches in key locations like Rashakai Economic Zone and Jalozai, specifically to cater to the needs of businessmen and investors, ensuring […]
German market possesses potential for Pakistani entrepreneurs: AHK By: APP on October 26, 2024The German Emirati Joint Council for Industry & Commerce (AHK) representative, Florian Walther on Friday said Pakistani entrepreneurs had the potential to grow in German market. Talking to private news channel, he said that the trade relationship between Pakistan and Germany is important for development of both the countries. He further said that all the […]
itel Unveils P65, The First Powerful Cyber Design Smartphone on October 25, 2024itel Unveils P65, The First Powerful Cyber Design Smartphone Featuring Bundle Free Charging Case itel, a leading reliable smart life brand, redefines the budget-friendly smartphone segment with the launch of P65. This latest addition to the itel smartphone portfolio, priced at just Rs 27,999, boasts a stylish cyber design, long-lasting battery life, and a bundled […]
PTCL announces strategic reseller agreement with Veeam Software at GITEX Dubai 2024 on October 23, 2024Pakistan’s leading telecommunication and integrated ICT services provider, PTCL entered into a strategic reseller partnership with Veeam®Software, the #1 leader by market share in Data Resilience, during GITEX Dubai 2024. The partnership will enable PTCL to enhance its advanced offerings in data protection, disaster recovery, and cloud services to its corporate and enterprise clients. Waqar […]
ECC allows additional export of 0.5 million MT of surplus sugar By: APP on October 12, 2024The Economic Coordination Committee (ECC) of the Cabinet here on Friday approved export of 500,000 metric tonnes of surplus sugar keeping in view of availability of sufficient surplus stocks. The surplus stock were available even after catering for the proposed and ongoing exports, the requirement for remaining two months of the ongoing crushing year, as […]
Pakistan’s business delegation in ’39th Trade Expo Indonesia’ strengthens bilateral economic ties By: APP on October 12, 2024The Indonesian, Federal Minister of Trade, H. Zulkifli Hasan on Friday said that the participation of Pakistan’s business community and traders in the 39th Trade Expo Indonesia will strengthen the bilateral economic and trade relations between the two countries. The Indonesian government welcomes the businessmen from various sectors in the 55 member business delegation from […]
SBP injects Rs8.62 trillion into market By: APP on October 12, 2024The State Bank of Pakistan (SBP) injected Rs8,623.85 billion into the market through a reverse repo purchase Open Market Operation (OMO) on Friday. According to OMO results issued here, the SBP conducted an Open Market Operation, Reverse Repo Purchase (Injection) on October 11, 2024, for 7-day and 28-day tenors and accepted 38 bids cumulatively amounting […]