PAC Agri-Connections conference and expo with a focus on transforming Pakistan’s agriculture from Apr 24-25. The country’s premier private sector conference and expo on agriculture ‘Pakistan Agricultural Coalition’s Agri-Connections 2024’ will be held in Lahore from April 24-25 at the Lahore Expo Center with a focus on increasing investment in agriculture, showcasing innovation, increasing exports, reducing…
10Pearls, a leading end-to-end digital services company, hosted the 4th edition of AI Summit, Pakistan’s foremost conference, and expo on Artificial Intelligence, on April 18 and 19, 2024 at the Lahore Expo Centre. Making its inaugural appearance in Lahore after successful episodes in Karachi and Islamabad, the summit proved to be a resounding success, drawing…
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…
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…
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…
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 …
Years of effort to install the Track & Trace System (TTS) across various sectors have fallen short of completion, painting a grim picture of the Federal Board of Revenue’s (FBR) performance. The track and trace system, inaugurated by the former government in 2021, aimed to modernize tax evasion detection and ensure transparency. However, the FBR’s…
A high-level delegation from Saudi Arabia, led by Foreign Minister Prince Faisal bin Farhan Al Saud, is in Pakistan for a two-day visit starting today, April 15th. The visit underscores Saudi Arabia’s growing economic commitment to Pakistan. The delegation includes key figures from Saudi Arabia’s water, agriculture, industry, and investment sectors. Meetings are planned with…
Largely pessimistic about the future, more of the country’s business owners now have developed a better perception of their businesses as the government of Prime Minister Shehbaz Sharif is trying to revive the cash-strapped economy. A latest Gallup survey conducted in the first quarter this year finds that 47% of Pakistan’s businesses, especially those selling…
Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and consortium for the sale of its thermal energy assets portfolio. The consortium is made up of Liberty Mills Limited, Soorty Enterprises and Procon Engineering through Master Group of Industries. The…
