Emirates, one of the world’s leading airlines, faced significant operational challenges this week as unprecedented storms battered the United Arab Emirates, causing widespread disruption to travel plans. In an official statement addressed to their valued customers, the Emirates CEO expressed heartfelt apologies for the inconvenience caused by the severe weather conditions. The statement outlined the…
Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX. Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer sales, improved margins, efficient plant…
The Aga Khan University received the prestigious Zairi International Award of Excellence for Research Impact in Higher Education during the 6th MENA Higher Education Leadership Forum (MENA HELF) held in Dubai, UAE, on April 18, 2024. This forum is as an exclusive gathering of higher education leaders from the Middle East and North Africa (MENA)…
By failing to urgently address the existing gas pricing discrimination in the fertilizer sector, the Government is missing out on an opportunity to earn billions in revenue. On April 9, 2024, Fauji Fertilizer (FFC) increased its urea prices by Rs 633/bag (17%) to Rs 4,400/bag. This price increase was made even though there had been…
Shaza Fatima Khawaja said the government is encouraging investment in information and communication technologies (ICTs) through its multiple flagship projects such as Special Technology Zones (STZs), the national plan of fiberization across the country, and facilitation for the affordability of fast broadband internet and smart digital devices to the masses. Speaking as the Chief Guest…
Pakistan’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% 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. It posted Double Digit Revenue Growth of…
The government’s haste to authorize pump owners to determine petrol prices independently has sparked concerns within various sectors. This decision, made in a hurry, raises questions about its potential impact on consumers and the broader economy. The move to allow pump owners to set their own petrol prices comes at a time when economic stability…
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 of AI…
Fly Jinnah, Pakistan’s low-cost carrier, has announced the launch of its new non-stop flights between Islamabad and Muscat in Oman, starting from 10 May 2024. The new route will initially start with a frequency of two weekly flights connecting both cities. Flight Schedule between Islamabad International Airport and Muscat International Airport, effective 10 May,2024: Flight …
