Business
Pak-Saudi Ministers Forge Investment Roadmap in Riyadh
Islamabad, November 01 2024: In a significant development for bilateral relations, a high-level meeting between Pakistani and Saudi ministers was convened in Riyadh to discuss and finalize a roadmap for increased investment between the two nations. The meeting focused on the implementation of existing Memoranda of Understanding (MOUs) and the progression of agreements established during…
Arif Habib Corporation Reports Record Profit of PKR 9,431 Million for FY 2024
KARACHI, October 31 2024: Arif Habib Corporation Limited (AHCL), the flagship entity of the Arif Habib Group, has announced a remarkable financial performance for the fiscal year 2024, achieving a record profit of PKR 9,431 million. This significant growth underscores the company’s resilience and strategic positioning within the market. The corporation’s standalone profit-after-tax translates to…
DWP Technologies Shines at Cisco and Ingram Partner Award Night 2024
LAHORE, October 30 2024: DWP Technologies, a division of Pakistan’s leading business conglomerate, DWP Technologies has achieved remarkable recognition at the Cisco and Ingram Partner Award Night held on October 23, 2024, in Karachi. The company was awarded both the Cisco Technology Partner of the Year and Security Partner of the Year, solidifying its status…
Aramco Launches First Fuel Station in Lahore, Pakistan
Lahore, October 30 2024: Saudi oil giant Aramco has officially entered the Pakistani market with the launch of its first fuel retail station in Lahore. This significant step follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan (GO) earlier this year, marking a strategic expansion into the South Asian energy sector. Aramco’s…
UNITY Foods Reports Positive Turnaround in 1QFY25
KARACHI, October 29 2024: UNITY Foods has announced its financial results for the first quarter of FY25, showcasing a significant turnaround with consolidated earnings of Rs88 million, translating to an earnings per share (EPS) of Rs0.07. This marks a remarkable recovery from a loss of Rs660 million (loss per share of Rs0.55) in the same…