KARACHI, October 31 2024: In a groundbreaking turn of events, Pakistan has announced its first-ever fiscal surplus, reporting an impressive Rs1.7 trillion, equivalent to 1.4% of its GDP, for the first quarter of FY25. This achievement marks a significant departure from the fiscal struggles that have plagued the nation over the past two decades. The…
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…
KARACHI, October 30 2024: Hub Power Company (HUBC) has released its financial results for the first quarter of FY25, showcasing earnings per share (EPS) of Rs14.74, which reflects a 12% increase year-on-year, although it represents a 7% decline compared to the previous quarter. The net earnings for the quarter stood at Rs19 billion, aligning with…
KARACHI, October 30 2024: The trading session on the Pakistan Stock Exchange (PSX) was marked by significant volatility, as the benchmark index demonstrated a dramatic range of movement, peaking at 1,008 points before settling down to a low of 860 points. Ultimately, the index closed at 90,286 points, reflecting a decline of 577 points, or…
Saudia Arabia, October 30 2024: Saudia, the national flag carrier of Saudi Arabia, has announced impressive operational results for the third quarter of 2024, showcasing a 10% growth in guest transportation compared to the same period last year. The airline successfully transported over nine million guests on more than 49,500 flights, reflecting a 9% increase…