Economy
Two more organizations join hands with PTC for joint massive tree plantation campaign in Karachi
Karachi, January 23, 2024 : Two more organizations have joined hands with the Plant a Million for Community (PTC) campaign aimed at conducting a massive tree plantation drive in Karachi in the next few years. The PTC in this regard signed two separate memorandums of understanding with the Dream World, Resort, Hotels & Golf Course,…
Pakistan Textiles
As per the latest data reported by PBS, textile exports recorded an increase of ~3% YoY in Dec’23 to clock in at US$1.4bn vs. US$1.3bn in SPLY. The increase is possibly due to Christmas/winter season coupled with improve cotton arrivals. Segment wise, export of value-added textile products increased by ~2% YoY, to stand at US$0.97…
Saudia secures 9th global position in On-Time Performance review for 2023
Jeddah, January 22, 2024: Saudia, the national flag carrier of Saudi Arabia, ranked 9th among global airlines in the On-Time Performance for the year 2023, according to the annual report by the independent aviation monitoring website Cirium. This follows outstanding performances throughout the year 2023, in which Saudia has secured a place in the top…
SMAP chairman urges Pakistan’s AI Revolution for salt industry growth
Karachi, January 19, 2024: Qasim Yaqoob Paracha, Acting Chairman of the Salt Manufacturers Association of Pakistan (SMAP), underscores the transformative power of Artificial Intelligence (AI) in revolutionizing Pakistan’s salt industry. In a statement, Qasim Yaqoob Paracha outlined how AI could harness extensive social media data to comprehend consumer behavior, enabling the formulation of targeted marketing…
Pakistan Fertilizer
Pakistan, January 19, 2024 : In CY23, urea offtakes remain flat to clock in at 6.64mn tons vs. 6.61mn tons in SPLY. Whereas, DAP offtakes clocked in at 1.56mn tons witnessing an increase of 30% YoY. Fertilizer prices experienced several hikes during the quarter in anticipation of increase in gas tariff. To highlight, gas prices…