Business

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Saudia Airlines Recognized for Excellence in Cabin Crew Service

Karachi: Saudia Airlines has announced its receipt of the Editorial Award for 'Best Airline Cabin Crew' at the Business Traveler U.S. Awards 2024, held in Miami, USA. This marks the inaugural presentation of the award, underscoring the significance of...

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LOTCHEM Reports 43% Increase in Revenue Despite Earnings Decline

Karachi: LOTCHEM, the sole producer of Purified Terephthalic Acid (PTA) in Pakistan, announced a significant rise in its revenue by 43% for the first nine months of the calendar year 2024, reaching PkR88.9 billion compared to PkR62.1 billion in the sa...

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Urea Sales Forecasted to Rebound in November 2024 with Notable Growth for Key Companies

Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take...

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Pak-Qatar Asset Management Company Surpasses PKR 50 Billion in Assets Under Management

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has announced reaching a significant milestone by surpassing PKR 50 billion in Assets Under Management (AUM) within its first two years of operations. This accomplishment places PQAMC among t...

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Petroleum Sales Surge in November, Yet PDL Targets Remain Elusive

Karachi: A notable increase in petroleum sales was observed in November 2024, with the Oil Marketing Companies (OMC) industry reporting a 15% year-on-year growth in sales volumes.

According to JS Global, this uptick is attributed to the low base fr...

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PACRA Maintains Stability Rating for Pak Qatar Daily Dividend Plan

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the Pak Qatar Daily Dividend Plan, a constituent of the Pak Qatar Islamic Cash Fund, at AA(f) with a stable outlook. This rating reflects the fund's low-...

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Korangi Industrial Zone Seeks Enhanced Coordination for Development

Karachi: The Korangi Association of Trade and Industry (KATI) is set on transforming the Korangi industrial area into a leading industrial zone. At a recent meeting, KATI President Junaid Naqi emphasized the importance of collaboration with district a...

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