KARACHI, December 09 2024: In recent years, Pakistan’s textile industry has faced significant challenges, with the Export Facilitation Scheme (EFS) emerging as a major contributor to its downfall. The All Pakistan Textile Mills Association (APTMA) has highlighted the detrimental effects of this scheme on local spinning mills, which are now facing massive closures and mounting…
KARACHI, December 09 2024: In a significant move to expand its operations, AirSial, Pakistan’s emerging private airline, has announced the addition of two new Airbus A320 aircraft to its fleet. This decision marks a major step forward in the airline’s growth trajectory, further strengthening its position in the competitive aviation sector. Founded with the efforts…
KARACHI, December 7, 2024: A recently released report by Fair Finance Asia (FFA) sheds light on the performance of financial institutions across five Asian nations, including Pakistan, in empowering consumers as key contributors to sustainability. The scorecard, titled Empowering Consumers as Drivers of Sustainability in Asia’s Financial Sector, evaluates 15 banks on four critical dimensions:…
KARACHI, December 06 2024: Saudia, the national flag carrier of Saudi Arabia, has been honored with the prestigious Editorial Award for ‘Best Airline Cabin Crew’ at the Business Traveler U.S. Awards 2024, held in Miami, USA. This marks the inaugural year for the award, making the recognition even more notable. The award highlights the outstanding…
KARACHI, December 6, 2024: TPL Properties (TPLP), a leading institutional real estate developer and manager, has shared its plans for expansion and future projects during its analyst briefing. The company reported a loss per share (LPS) of Rs 7.18 for FY24, compared to an earnings per share (EPS) of Rs 5.18 in FY23, primarily due…