AAA Associates to Organize Three Day Exclusive Property Expo 2022 in Quetta
AAA Associates, a prominent name in the real estate sector of Pakistan is organizing a 3-day Exclusive Property Expo 2022 in Quetta. The Expo is taking place from 13 to 15th May at Serena Hotel in Quetta. The Expo will exhibit AAA Associates’ projects for investors to avail the opportunity, to invest in some of…
Adil Aziz
Pakistan has potential to capture share in $3 trillion halal industry
The strict compliance of certification can help Pakistan to take halal products exports to US $5 to 6 billion annually and capture a sizeable share in the $3 trillion world halal food industry. Speaking at a Round Table Conference on “How to boost halal food exports?” Meher Kashif Younis former senior Vice President Lahore Chamber…
KE’s profitability severly impacted due to Mid Term Review decision and severe devaluation of Pakistani Rupee
Driven by continued and targeted investments of PKR36.99 Billion across the power value chain, key operational indicators showed positive growth over comparative period. However, despite showing consistent improvement in reduction of transmission and distribution losses of 1.5%, and driving an increase in the units sent out by 2.8%, KE’s net profitability declined by 84% to…
Bank Alfalah partners with Jubilee Life Insurance for 24×7 Cash Collection through largest CDM Network of Pakistan
Bank Alfalah Limited (BAFL), the country’s leading financial institution and Jubilee Life Insurance Company Limited (JLICL), Pakistan biggest private sector insurer have come together, and signed an MOU for round the clock cash collection through Bank Alfalah CDM network. The signing ceremony was held at Bank Alfalah’s Head Office in Karachi. With the help of…
Pakistan export to China up nearly 17 percent in first quarter
Pakistan’s export to China crossed $ 1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per General Administration of Customs of the People Republic of China (GACC). According to data from GACC, in the first three months of this year, China’s exports to Pakistan…
Dr. Murtaza Syed assumes position of Acting Governor
In light of Section 10(2) of the State Bank of Pakistan (SBP) Act 1956 (amended), Dr. Murtaza Syed, being the senior most Deputy Governor, has assumed the position of Acting Governor SBP, with effect from May 5, 2022. It may be mentioned here that the term of Dr. Reza Baqir (former Governor SBP) ended on…
SECP proposes changes to bring transparency in capital formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for…
Pakistan earns US $508 million by exporting transport services in 8 months
Pakistan earned US $508.015 million by providing different transport services in various countries during the first eight months of financial year (2021-22). This shows growth of 26.71 percent as compared to $400.940 million earned through provision of services during the corresponding period of fiscal year (2020-21), Pakistan Bureau of Statistics (PBS) reported. During the period…
International developments, inflation impacting economic activities: Outlook
Among the determining factors of current trends in both international and domestic inflation are supply chain issues and surging international commodity prices Although the economic recovery is underway, the international developments and persistent high domestic inflation might impact domestic economic activities, says Monthly Economic Update and Outlook, April 2022 released here on Friday. “The domestic…
OGDCL posts Rs112.044 bln profit in third quarter of FY 2021-22
Oil and Gas Development Company Limited (OGDCL) on Thursday announced the financial results for the third quarter of the current fiscal year ended on March 31, 2022, posting a profit of Rs 112.044 billion. “Net sales revenue clocked at Rs 240.267 billion translating to profit after tax of Rs 112.044 billion and earnings per share…